Tasty Share Discussion Threads

[bigboyo] 01/10/2007 18:02

poor set of results --

one new restaurant opened in first 6 months and 2 more anticipated by year end (calendar).

only restaurant outside south east is nottingham and that is not doing well -- so roll out nationally could (and probably will be an issue)

this is certainly no ask or prezzo or pizza express nor a wagamama

looks like the kaye's may have some dim-sum on their ....

[wowy] 07/7/2007 22:06

It may have little to do with standards and a lot to do with the economic outlook. Which is outside of the managements control.

[liveinhope] 06/7/2007 13:00

Current spread 110-127. No wonder no one buying at present.

[liveinhope] 06/7/2007 11:02

Shares still going southwards. Like haroldthegreat points out, surely family pedigree will not tolerate such low standards as reputation at stake.

[liveinhope] 02/7/2007 11:52

At last we have something happening on their web-site, albeit just a pleasing picture.

[haroldthegreat] 19/6/2007 10:37

if thats the case this is going to be a short lived venture. i am surprised given the family pedigree in catering that the allow such sloppy presentation/quality
you can supply poor quality food only once to a customer , there are loads of opposition out there and a bad reputation spreads.
i will watch but will not invest

[bigboyo] 18/6/2007 13:57

Haroldthegreat

my previous post did say (euphamistically ! and in a typically welsh understated way !) very very average ---- maybe one needs to call a spade a spade as master gill has done

[haroldthegreat] 13/6/2007 16:55

this is why i asked if anyone had been there. one should not buy a share without trying the product.
i also dont like the idea of directors buying a site and selling it to the company.

[liveinhope] 13/6/2007 12:20

tiredoldbroker - well spotted. Hope Tatsy plc management act on this wake up call immediately. Share price has gone southwards today. No surprise given the dire review.

[tiredoldbroker] 10/6/2007 10:33

Crushingly bad review in The Times today, at (though you have to plough through several irrelevant paragraphs to get to the bit about Dim-T).

I particularly liked "The nicest thing you could say about the dim sum is that it was what you imagine dog food would be like if it was stuffed into wet Wonder Bread and steamed until it gave up".

[bigboyo] 23/5/2007 11:16

Haroldthegreat


very very average and small portions !! long way to reach wagamama standard

[haroldthegreat] 20/5/2007 08:32

anyone tried the food? was it good, and good value for money? likely to encourage return visits?

[liveinhope] 18/5/2007 16:44

bigboyo - beg to differ. Have probably spotted some good sites and need to move quickly. Right issue or underwritten placing would have cost more money and in case of first option would have taken longer. On balance pleased they have raised monies in way they have.

[liveinhope] 18/5/2007 13:07

bigboyo - not a rights issue (bet lots of existing shareholders wish it was) but a placing which the Company indicates that it has received informal commitments for all the New Shares and hopes to announce this at AGM on 25/05/2007. Share price now holding at about 150-160p level which seems to indicate news well received. Once again the chosen few benefit by being able to buy at 110p. I hope they spend a bit of the money raised on completing their web-site, or at the very least up-date it to indicate which outlets are currently open.

[bigboyo] 17/5/2007 09:52

deeply discounted rights issue --- not a good sign or easy money for some ??

[haroldthegreat] 18/4/2007 15:24

i have got a good idea , find an empty site with no or little premium, buy it ,then inflate the price and sell it to a company that i am a director of.
what do you think of this idea? or should the directors appoint agents to find sites that the directors do not have an interest in?

[liveinhope] 17/4/2007 08:25

Results announced today.

"Tasty FY pretax loss 174,000 stg vs profit 141,000 stg; sales up 33 pct


LONDON (Thomson Financial) - Tasty PLC slipped to a pretax loss for the year
to Dec 31, partly blaming later than expected openings of new sites, including
two which opened only in December.
It said it plans to open two new restaurants within the next two months
bringing total units in operation to eight.
Tasty, which floated on AIM last year, said pretax loss was 174,000 stg,
compared with a profit of 141,000 stg last year.
Its pretax profit before exceptional costs of the flotation and share
options were 82,000 stg, against 141,000 stg in the prior year, while turnover
rose 33 pct to 2.68 mln stg."

[bigboyo] 21/2/2007 08:46

wowy

the dates are leases entered into in

feb 06

sep 06

jan 07

that means only one new restaurant -- others are existing

you will note that the kayes could be introduced to am empty freehold property and they could buy knowing that there will be a likely increase in capital value upon entering into a 25 year lease with a plc which they or related parties control

would want to see an independent auditor assessment of this practice just to ensure that governance procedures are sound

[wowy] 17/2/2007 19:46

Bigboyo

They still seem to be adding sites as I assume at least the 29/01/07 lease must be an additional unit even if the others are already operating. So I assume we do not have dim-sum fatigue.

Tasty plc announces today that the group has entered into three lease agreements
with KLP, a limited partnership wholly-owned by Sam Kaye and Adam Kaye, both of
whom are directors of the Company. These leases are for new Dim T restaurants
and were entered into on 21 February 2006, 28 September 2006 and 29 January
2007. Premiums have been paid on each of the leases, being #90,000, #96,000 and
#98,000 respectively.

[bigboyo] 15/2/2007 20:25

worrying that loughton and gloucester road which were mentioned to open before nottingham or tooley street have still not opened

is there a potential roll out problem -- too many dim-sums chasing too few baskets ? :-)

[liveinhope] 09/2/2007 12:16

Looks like 6 restaurants open so far. Please can people advise when further outlets open. Thanks.

[liveinhope] 09/2/2007 12:16

wowy - sincere thanks. Pleasing reviews looking at the link you sent. Similar for Nottingham accorging to