Time will tell. |
The UK casual dining scene is clearly not the same as where it was pre 2016. However, bear in mind back in 2015/2016 they sustained an £80M valuation. They have doubled their annual revenues since then, and are valued at £12M. If margins improve even the slightest amount such that this revenue now feeds through to the bottom line (competitors closing up shop etc), I think you could see the market cap multiply substantially. |
That idea hasn't worked too well since 2016 though. |
@glavey - they consistently generate operating cash flows though, and as such can use that to re-invest into opening more restaurants. All it takes is margins to improve a little (as they were pre 2015) and they're making £2-3M a year easy imo. |
Onwards & upwards here, indoor dining on day, turnover up substantially.
This is going the same way as (RNO) UP&AWAY! |
Might be because it doesn't make any money. |
anyone know why this thing has tanked so much since IPO?? is it because of the constantly increasing share count/dilution or is it the UK restaurant industry as a whole (with RTN displaying a very similar chart to that of COM) |
rather buy a kebab than buy this furloughed company |
Still here, enjoy the ride. |
Glad I sold yesterday, you are all very welcome :) So funny |
Was a large premium buy at 6.5p reported on Friday so surprised that they are still selling at 6p today. |
Not long before money starts rolling in. |
Thank u and goodnight roughly 100% in a few days most of my sells not showing had to sell in blocks |
Mm’S trying there best to get p.I’d to sell. |
Someone just paid 7.35p, stock is in very sticky hands. |
At this rate we will be there tomorrow 🤞 |
Hopefully there by early next week. |
Easy 8p+ coming imo |
Up She goes, and still plenty left in the bag yet. |
No stock that is why.
I had to ring my broker and get them to stir the market maker's stumps.
This is an outside bet for me. And I have thought with my heart rather than my head -(not always a good idea) - as I am so fond of the branch in Oxford. But Hey it is now one half of 1% of my holdings.
Turnover was charging before COVID and with good reason. So why not again. |
Hard to buy still |
I like the food. I like the cheerful interiors
Turnover had grown strongly until the pandemic hit.
If RTN can in recent weeks put on 180% with its homogeneous, boring chain I fully expect this to perform.
This is exactly the kind of affordable mid-scale, colourful restaurant that people love.
Toe-in |
Tried to buy some more in the last half hr of the day none available but could sell a fair few at 4.5. Another penny rise tomorrow maybe |
GREAT DAY, BRING ON TOMORROW |
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