 From new holder onward opportunities recent accounts
“ Thirdly, we have invested into Comptoir Libanais a chain of around 30 Lebanese restaurants predominantly in the UK that have impressively traded profitably through both one of the toughest environments for the sector in living memory and boardroom disruption. Despite this resilience and the subsequent assembly of an impressive new board and leadership team, the sector and personnel headwinds saw the shares de-rate to a discount to the material net cash balance of the group, leaving a profitable, growing restaurant chain with a brand that references well trading at a negative value. The group floated in 2017 at 50p with 15 restaurants, it now has around 30, which are trading profitably with a net cash balance in excess of 6p/share but we have been able to invest in the company for less than 5.5p/share.
Whilst restaurants do not typically lend themselves to our investment strategy, the margin of safety provided by a net cash balance that was larger than the market cap and the resilience of the core business’ trading created a basis for further analysis. Further due diligence revealed the upside potential of a quick-service-retail franchise roll out via the international Shawa brand. This potential is to be explored under new CEO Nick Ayerst, who joined from a background at LEON and The Restaurant Group and Chair Beatrice Lafon who has an impressive private equity background, both of whom reference strongly. We have noted with interest the near doubling of the Net Promoter Score of the chain from the mid-40s to 80+ under the new team and, having visited a number of sites ourselves, there is noticeable improvement in the menus and their contents. |
Maybe that happens too? The occasional new Restaurant, Shawa and franchise.. could be a belting little story. |
Slightly surprised as the FD had told me the intention was to expand via the smaller Shawa concept as it requires much lower capex and is therefore lower risk. |
Ceo begins his remit https://www.restaurantonline.co.uk/Article/2022/10/14/nick-ayerst-appointed-comptoir-group-ceo |
Expansion starts |
Keeps trying, eventually it will make its move. |
10p per share cash and a growth story. Plant your seeds early. |
New Ceo seems like right guy to expand the franchise growth story. "pleased to announce the appointment of Nick Ayerst as Chief Executive Officer, effective from 17 October 2022.Mr Ayerst brings more than 30 years' experience in the hospitality industry and was previously Managing Director of LEON, the UK's leading healthy fast-food chain, where he was brought onboard in 2020 to re-structure LEON's operational model, investing in technology and increasing efficiencies and to develop growth strategies including LEON's Drive-Thru model and franchising partnerships." |
£9.9m cash vs £7m cap and good revenues. Low volume but a little prospect imo |
Dowgate adding I see. |
Seems they took that big sell other day. Nicely done. |
Tuck in while it's cheap lol |
Floated at 50p with 15 restaurants, now got 2810p per share cash. Arguably in better shape than IPO at 50p lol .. I'm sitting on mine |
 Seems to me new ceo was brought in to expand this. Would be good to hear some update from company. Comptoir Group Plc (AIM: COM), the owner and/or operator of Lebanese and Eastern Mediterranean restaurants, is pleased to announce the appointment of Nick Ayerst as Chief Executive Officer, effective from 17 October 2022.Mr Ayerst brings more than 30 years' experience in the hospitality industry and was previously Managing Director of LEON, the UK's leading healthy fast-food chain, where he was brought onboard in 2020 to re-structure LEON's operational model, investing in technology and increasing efficiencies and to develop growth strategies including LEON's Drive-Thru model and franchising partnerships.Prior to his role at LEON, Mr Ayerst spent 15 years in leadership roles at The Restaurant Group, the UK's largest listed restaurant company, where he was a member of the TRG Executive team. Between 2013 and 2020, Mr Ayerst was Managing Director of TRG Concessions, which operates restaurants, bars and QSR outlets in airports, stations, shopping centres and Hilton Hotels, where he implemented short- and long-term growth opportunities, more than doubling revenue and profit, and oversaw the opening of 45 new sites. |
This is like an EISB type growth story except they have loads of cash and revenue. Can’t believe EISB market cap is the same as this, with 3m revenue and a CLN lol… this has £9.9m cash and a £7m market cap - £31m revenue and growing.. |
Opened in Qatar and Stansted airports so far. New Ceo from Restaurant group. 9.9m cash 7m cap. Plant a seed and let it grow imo |
This is silly cheap by the way. Look at their cash and growth to the cap lol |
Exactly. My short term target is 10p |
Also making a profit and the profit would have been higher by £1 million if they did not have to pay the old CEO compensation. |
Do they have £9m cash in hand? And this is valued at £6.7m? The crazy aim, this should be min 11p based on cash only, without enterprise value.
Regards,
F911
RMC |
Looks in great shape for recovery and growth. Pleased with these results. |
3 million shares traded at 5.6p. Should be a match announced shortly. |
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
Hot Features
Premium
