Tasty Share Discussion Threads

[che7win] 07/11/2016 20:46

It's quite impressive to raise money at zero discount LBO.

[lbo] 07/11/2016 20:08

No wonder it's been falling all year and calling it a Zero discount is highly questionable looking at the share price performance over the last year.

[tromso1] 07/11/2016 14:43

Placing at zero discount and one of the chief execs has bought about £1.5m worth of shares at the placing price (145p).

[tmfmayn] 07/9/2016 08:56

Yes, the write-offs were not great, but management has taken write-offs before.

Back in 2007, 2008 and 2009, sizeable impairments and disposals were also recorded as the original dimt chain failed to build momentum during the recession. You could argue that management had lost its touch then, but the board then changed tack to open Wildwoods and the group has done well since.

A new property director has been recruited recently. He is ex-Prezzo and oversaw the opening of 30 new restaurants a year. He ought to ensure future sites are properly located.

If you look at the history of Prezzo, it recorded write-offs or impairments every year between 2003 and 2014 except for 2004 and 2010. Those charges totalled £18m, though they did no real harm to long-term Prezzo holders and the upward share price. I think it is the nature of the industry that some sites will under perform.

[grahamburn] 06/9/2016 20:18

The share price has taken quite a knock today in spite of positive underlying figures.

The statement should really have provided much more information on the very large negative figure - the impairment of 5 sites - which is probably the reason for the market disappointment. OK, that means the other 50 are trading "in line with expectations", but there isn't any explanation of the issues involved with the 5 sites. As these sites are suffering an "impairment" one has to assume that they have performed dramatically below expectations and do not have any possibility of turning the situation around. Otherwise, why impair their value (goodwill).

Consequently, one would guess they are in the wrong location for the target market, rather than having poor local management or marketing which could be rectified. A more detailed explanation on the problems - as well as a definitive statement on whether those sites are being closed down - might have reassured the market a little.

The read across on this issue seems to be, IMO, are the management losing their touch in the selection of sites? If they are, will the planned 50%+ increase in the next couple of years reveal other poor choices which will drag the bottom line down further - or were these 5 sites a one-off problem.

In short, as the company increases in size, the directors should provide more detailed on any abnormal event - and a £3M+ in a company of this size is a significant figure.

Confidence in the management may well have taken an unnecessary knock today.

[che7win] 26/8/2016 13:04

Good read across from RTN.

[stevenbetts] 24/8/2016 08:26

Any idea what is causing sudden rise?

[luckymouse] 11/8/2016 20:20

Big pennant just waiting to half yearly report in about 4 wks

[luckymouse] 22/5/2016 11:19

free stock charts from uk.advfn.com

[luckymouse] 02/5/2016 11:14

Just lucky I guess :)

[investopia] 30/4/2016 17:55

LuckMouse was still right -- 'right' can work in mysterious ways...

p.s. I know all about the tipping and who tipped it, but that's just buyers coming aboard because the company looked cheaper. That's exactly the sort of sentiment LuckyMouses methods detect. :-)

[grahamburn] 30/4/2016 14:18

The recommendation was based solely on historic business fundamentals, a strong management, a successful food format and internally generated cash for the planned roll out of new outlets.

Sorry Lucky, not a mention (or even a hint) of "chartism". IMO charts have far less relevance for AIM/smaller companies, but what do I know, having been invested here for many years.

[luckymouse] 30/4/2016 01:19

Maybe it was recommended because it hit support...? :)
(same as some bkrs flip their recos - allegedly purely on fundamentals - when a stk hits a key level lol)

Anyway im pleased - a good strong growth company hits support and bounces - whats not to like?

[grahamburn] 29/4/2016 20:22

But it was strongly recommended last night on a subscription website, so charting becomes irrelevant in such a situation.

NB As it's subscription only, not divulging the source!

[investopia] 29/4/2016 19:58

You were right about that bounce, LuckyMouse.

[luckymouse] 28/4/2016 00:38

free stock charts from uk.advfn.com

[luckymouse] 13/4/2016 00:17

Think this will bounce soon - buyers appearing in the 145-150 area

[luckymouse] 02/4/2016 02:32

nearly - big long bull flags seems to be its natural behaviour

[investopia] 31/3/2016 10:07

Are you thinking Darvas' boxes, LuckyMouse?

[che7win] 30/3/2016 11:12

1budens, Agree, a nice share to tuck away, they just have to expand by replication, we should be rewarded in the long term.

[1budens] 30/3/2016 10:41

I agree with you che7win.I do not feel that they would expand to fast as they have very experienced guys at the helm who have done this all before.A good share to tuck away.

[che7win] 30/3/2016 08:16

Good results as needed at this rating with underlying operating profits up 28%.Expansion plans increasing in rate going forwards, a nice business developing here, they just need to be careful they don't expand too fast.I hold.

[che7win] 25/2/2016 13:14

Nice rise here...