Pizzaexpress Share Discussion Threads

[utsushi] 11/10/2002 15:59

Well emporio, mbo theory is interesting but if current management are not too careful all that will be left in the buy out will be nasty lease liabilities, redundancy payments and fixtures and fittings, because as far as i can see many of the customers are currently going else where!

[emporio] 11/10/2002 14:50

A i think this is all a big game, directord want to buy the company & they try to push the price down, i worked with them for 10 years till 3 years ago & i know them sooooooooooooo well.......

[goliard] 10/10/2002 13:48

Completely agree with the £2 target but wouldnt buy in anywhere above this. I t wouldnt surprise me to see PIZ go lower than this before the end of the year and then bounce back to the £2 level.

[christianthomas] 10/10/2002 11:15

Questor in the Telegraph rates this as, a) a class issue and b)a strong sell

[kizer] 10/10/2002 10:34

Aberdeen Steak House in liquidation - a turn for the restaurant industry maybe soon?

[big vern] 10/10/2002 10:04

What's it gonna do ??

Down again ?

[tobias] 10/10/2002 09:51

no golden egg

[big vern] 09/10/2002 17:57

Haaaaaaaaaaaaaa



what a lovely meal !!

short from 290

[bigboyo] 09/10/2002 14:45

well looks like the share price has overtaken the shrunken pizza

[ursus] 09/10/2002 11:50

that must be about 5 times you've averaged down, fred, each time buying twice the "unit" you bought before. good luck!!

[ydderf] 09/10/2002 11:40

bought more at 268, and will keep buying until they stop falling

[kizer] 09/10/2002 08:47

Wasn't ASK set up by the same people who established PE?

[utsushi] 09/10/2002 08:41

Trading statement today confirms my earlier postings, capital investment programme will not alter negative like for likes that have been seen....a bit like arranging chairs differently on the deck of the Titanic!

[ursus] 09/10/2002 08:25

come on fred - you'd better get down to one of the restaurants to eat your humble pizzas before the whole shebang closes.

[andyj] 09/10/2002 07:45

So far an interesting and informative thread, how long before the morons appear ?? Anyway, theres our questions answered for the last few weeks, this mornings announcement...'trading not improved'. Not looking too good, will watch these today hope for better volume and for a more reasonable spread.

[christianthomas] 08/10/2002 13:27

Actually, the pizzas were always small. It's just that before you didn't have Ask Pizza and others to compare them to. The cannibalisation is definitely true. Every so often I get the urge for a PE pizza and satisfy it with a takeout from Sainsbury and I can't think the last time I went. Also, many of the other places like Zizzi's are lighter, airier, less formulaic and generally more of an occasion. I also have a niggling impresion that the wine is less good than in the days when they had Frescobaldi chiantis.

The big question is whether, when the credit crunch comes, the middle classes are going to leave the wide variety of other restaurants they have been frequenting and come back to Pizza Express as to a lost friend. I fear not. The margin between some good value restaurants and PE has narrowed with some quite high (in percentage terms) price rises and a night out at PE is actually not that cheap when you can pay a tenner more for a proper meal.

[utsushi] 06/10/2002 21:24

200p is my view, 5x Prospective based on consensus earnings forecast 2003 is fair value for Pizza Express, especially in a bear market, i think we will see this level before Xmass, if not before.

At 200p you start to recognize the high brand status (now being devalued), some prime restuarant locations and the cash generative nature of the business which should attract some buyers....but not many!

[andyj] 06/10/2002 14:10

Alot of home truths spoken there, the failed attempt at a floor at £3.00 has also gone. As an aside I recently went there with friends and the first thing we all noticed was why are the pizzas smaller ? Ok they are nice yes, but if you try to hoodwink customers they go elsewhere. Look at the Deep Pan Pizzas in Central London, eat all you can salad pizzas whatever else you can find lying about all for a fiver, a little desperate methinks. They, PIZ, have undoubtedly cheapened their own brand and although they are cash generative i cannot see where the growth will come from. All of that said, the PE is very undemanding but with £3.00 failing to attract buyers, what level will ?

[utsushi] 05/10/2002 10:59

Pizza Express needs to re-invent it's self fast or be relegated to a downsized and totally devalued operation.

Their strategy has been to cannibalize their own market, pizza to go/supermarket pizzas etc, whilst not moving forward and innovating their menues.

Where are the wood fired Pizza Express's?

Management are sleep walking to disaster, many outlets cannot be profitable, some obviously are and there is a certain degree of loyalty with a reducing number of customers, but this cannot be enough...

Until a clear and new strategy is developed i say this company is a SELL down to 200p, false rumours of MBO's may surface but i believe these are non-starters because sales are collapsing, i.e there is no growth vision.

[electra] 29/9/2002 19:13

needs more wall street misery i think, 4% of £3 is only 12p!

[lancselaine] 28/9/2002 11:23

ydderF- 3.70%fall on Wall St, & I'm also looking to get back in on this. Also on SFW,(sub £2 ?? hopefully) best of luck!!!

[ydderf] 27/9/2002 17:08

haven't bought any for a couple of days, needs a bad wall street i think, for the price to fall again (note: in the market maskers eyes and money manglers lexicon, there is a clear connection between eating pizzas and the overpriced share prices in the usa)- but please collapse and let me buy lower down.....pleeeeease!!!!!!

[dondee] 27/9/2002 12:44

This one has to be going higher. Buying.

[bigboyo] 27/9/2002 10:08

no news of the bid then

LOL

these ruddy rampers !