Indian Rest. Share Discussion Threads

[the big fella] 11/4/2008 09:55

Spoke with Amit and I don't think newsflow is far away on new sites. Bearing in mind this I suspect that is why we haven't seen any Directors buying - basically they can't.

[the big fella] 10/4/2008 13:02

Stuart

If the Directors don't think they are a bargain then why should we? They are certainly not in a closed period as far as results go. Perhaps they have a deal to announce. I shall give Amit - not that he ever gives much away.

[stuart14] 05/4/2008 07:26

Not many. About 10 million i think. The issued a bunch more in the takeover, but none of them can be sold below 26p so can't really count at the moment

[brasso3] 04/4/2008 20:31

How many shares on issue here?

[ntv] 04/4/2008 19:43

agree with tbf
but would go further to say they should take huge salary cuts as well
back dated to completion date

[stuart14] 03/4/2008 15:31

I don't think they can buy if there is news expected soon. Would agree that when they are out of the closed period they should reinvest some of their salaries. It wouldn't take much to clear the overhang.

[the big fella] 28/3/2008 16:53

Well now we will find out whether these Directors actually believe in what they are doing here. Results are out. End of closed period. Depressed share price with overhang. If they don't buy a significant amount of shares now then I will be very disappointed. DIRECTORS TAKE NOTE!

[ntv] 27/3/2008 12:14

looks like we were screwed m8

[ntv] 18/3/2008 08:48

see ,you don't have to strip the cash from the company
this taken from a recent results from a property company
wth a mkt cap some 60 times this one
yes you read write
60 X
don't rook it, work for it

[ntv] 14/3/2008 19:22

yes whatever stuart
the price has collapsed for us small shareholder as the management has destoyed the shareprice and value
for them the just got cushdy huge wage packets for doing sweet fa
not a way to run a business imho
many directors running business 10 times size of this don't get anymore than this lot
in this mkt
don't you just love offshore spreadbetting ;-)))))))))))))))))))

[stuart14] 14/3/2008 12:47

There is absolutely no liquidity here. Any sells knock the price. Saying that, any serious buying will see this turn quickly. I just hope they get their first deals done soon and can attract some funds.

[ntv] 14/3/2008 12:34

getting hit again
shareholders certainly getting screwed

[the big fella] 27/2/2008 14:41

I think it will be a combination of existing and new sites. As with everything it the product is good enough then it could catch on. We love a fad in the UK and if it becomes en vogue then who knows.
I have had a look at the menu the Shaftesbury Ave restuarant serves and it isn't your ave chicken tikka masalla. Plenty of ifs and buts but they are currently valued at over a 10% discount to cash held let alone anything else!

[sclothier] 27/2/2008 14:26

Only problem here is the low barriers to entry and an already well established number of restaurants across the UK with customers having a high level of loyalty to their "local" curry house. Wouldn't they be better to acquire other restaurants with the 2m spare?

[stuart14] 27/2/2008 13:55

Small mention in the Independant:

Also on AIM, India Outsourcing Services, whose name is due to change to Indian Restaurants Group, returned to market after its acquisition of Mela Group. The company is hoping to build on Mela's eponymous restaurant on London's Shaftesbury Avenue, and the Chowki restaurant by Piccadilly Circus, to create the UK's first nationwide chain of Indian restaurants. The company's shares closed flat at 13.50p.

[the big fella] 27/2/2008 13:14

As much as I admire your optimism I would hardly say we have been consistently on the way up.
Anyway I will be sharing a curry with David Black at Mela when he returns from Canada so I'll let you know if it's any good!

[johnma] 27/2/2008 12:24

On the UPS board.

Company acquired 3 Indian restuarants with view to expand to a large chain accross the UK. Has £2million in cash and deal was completed and 26.37p per share - very undervalued company - looking to replicate the Pizza Exp, Nandos, Yo Sushi concept in Curry industry.