I'm not completely convinced this chain is going to survive the Labour onslaught on the hospitality sector (NI, min wage, business rates etc).
Looks a bit of a sitting duck with a tiny market cap and struggling profitability issues. |
Noticed my local one was looking a lot quieter. Spoke to the manager. He said it is. Also said the new London openings were well below target.
Sold out when the previous FD said they would not open any new larger restaurants but would concentrate on the smaller Shawa roll out and then did the opposite. Smaller shops meant fewer staff, lower leases, lower capex etc.
Apparently Tony still rules the roost hence I guess the recent resignations.... |
What's going on here? |
How can this be interesting stock? |
Gone very quiet here. No position but an interesting stock. |
FYI flagship new branch in South Bank London now open. For about two weeks now.They really should have issued an RCS given this is their new flagship.... |
Year highs |
Share price continuing to move up helped by 100k buy at 8p. New South Bank centre site sounds great |
They're really liking it down here haha |
Dowgate Wealth added another 1.2m shares to go to 8.06% by 27/10. |
Good to see. |
Dowgate Wealth added another 1m+ shares to go to 7.08% |
Rising on nothing again lol. Strange old share |
Oh yeah. Missed that rns being after market |
Dowgate Wealth holding up from 5.87% (7.2m shares) to 6.24% (7.65m shares) |
Certainly a tough environment for restaurants. Hopefully it plateaus like they say. |
Being hit by Macro conditions - Savings made during Covid being significantly eroded.
Cost of living pressures
Increased taxes
So less to spend on dining out.
Suspect more Macro pain to come.
Forecast more share price falls - But DYOR |
More hummus than market cap. BOOOOM |
Yeah, I've seen worse results for co's with far higher caps than 7m. Not the best not the worst I guess. I'll continue to hold, and see how they expand this next 12 month. |
Interims showing how tough conditions are at the moment. I believe we will navigate through this as we continue to open new restaurants. Seem upbeat of future costs plateauing which will filter through to 2024. |
Few having a go today |
 Results soon, I expect a few want to see numbers and will buy considering the current cap. But new growth strategy and opening new restaurants- will be a good forward statement imo. Plant your seeds early. Remember what evoque posted from new tr1 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. |
Nice thanks evoque92 |
Likely down this morning on Restaurant Group paying £7.5 million to get rid of Frankie and Benny and Chiquita. No relevance to us Imho. They’re not comparable dining experiences 🤣 |
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