Prezzo Share Discussion Threads

[factsonly] 21/5/2006 16:32

LOL, an increase in such costs is more than offset by the growth rate in customers. You should see my local Prezzo, it opened up no more than a year ago and there are always customers inside (quietest Ive seen it during offpeak is 25% full, busiest is 100% full). It generally seems to be getting busier every time I walk past it.

[haroldthegreat] 17/5/2006 12:04

what about energy costs eating into profits
however pizza and pasta have low cost ingredients so an increase in energy costs to cook them will not be a great disaster but nevertheless will reduce profits

[factsonly] 16/5/2006 13:22

I think it's also stated in the annual reports.

[sper] 16/5/2006 11:37

Yup, dont get much clearer than that

Thanks

[sks999] 16/5/2006 11:36

sper, not mentioned on prezzo site (so put away gun) but if you look at chimichanga site, ownership is pretty clear.

[sks999] 16/5/2006 11:29

not a new branch. they have been open about 18 months i think. did very well at first. i was quite impressed as they opened without any publicity/advertising but still managed to attract a good level of clientele. seems to have dropped off a bit this year tho. was an ex deep pan & i believe prezzo took on a number of their sites? sper, pretty sure it is mentioned on their web site, will check and paste the link if i can find it. certainly on their credit card receipts! the chiimichanga decor in the one near me looks remarkably like the prezzo about 10 miles away!

[sper] 16/5/2006 08:28

SKS - where did you see that prezzo owns chimichanga. Cannot find it on RNS's/trading statements, nor on Prezzo website under restaurant list or investor relations?

[factsonly] 15/5/2006 20:51

Is it a new branch? I remember when the first Prezzo opened, I rarely saw any customers in there (passed it once a week), but look where we are now?

[sper] 15/5/2006 17:52

Done my research well then eh!

now pointing loaded gun to head....

Thanks sks

[sks999] 15/5/2006 17:30

spper, mentioned on this site as prezzo own chimichangas therefore poor trading will affect overall company margin. am only able to give anecdotal evidence re branches near me.

[sper] 15/5/2006 17:18

Good for chimichanga's, the mexican theme is tired and the chains haven't done much to rejuvinate themselves. Pizza and pasta is much less a fad food. And after all, quality will out and I wouldnt eat in a chimichanga if you gave me large quantities of antibiotics :-)

[sks999] 15/5/2006 16:44

my local branch of chimichanga's taken to discounting heavily to try and attract the punters. They appear to be struggling to get repeat custom. not sure if this is replicated elsewhere.

[sper] 15/5/2006 09:53

I think some of the drop is concern for interest rates and inflation which is also unlikely to have a big impact at the PRZ end of the market.

[factsonly] 15/5/2006 09:42

Shame I don't have spare cash at the moment, bought in on Friday's drop.

[factsonly] 15/5/2006 09:29

Nice big drop so far today on very low volumes. Markets are worried about high commodity prices and weak dollar... which don't really affect PRZ's business.

[roger000] 11/5/2006 14:19

Went to a Prezzo restaurant last night. Very good food. Reasonable price and service was very good.

[factsonly] 11/5/2006 14:15

Darn MMs, look at the wide spread we've had for ages.

[factsonly] 01/5/2006 22:35

The question is timing... now or into a time of strength (ie will it bounce to 72p)? I found it very difficult adding 25,000 shares the other week so I guess it they (the MMs) might fancy increasing their books a little if you offered it to them (probably at a discounted price of 59p). Maybe if I set up an orderbook account quick enough, I might be able to pick up all your shares at the 59p myself, not so worried about cgt myself, I've resigned to paying it every year, don't know which I hate more, stamp duty (tax before profit) or cgt (tax on profit)!?

[wowy] 01/5/2006 19:48

Whilst being very positive on Prezzo It would be sensible to bank some of the considerable rise and to maximise the CGT limits, therefore I could be looking at off loading 140,000 shares (including other halves). Still leaving a considerable holding.

I suggest that's sufficient to knock the price or certainly explain the constant selling into any strength above 60p IMHO

wowy

[factsonly] 01/5/2006 18:49

The early risk takers (those who held for more than 2 years) would most likely be holding on despite only 25% of their gains only being liable to tax (love those situations) as there should be more gains to come (with only 25% gains subject to tax again). But then again we shouldn't pay tax on taking equity risks (they tax the corporate profits and they tax the shareholders... bah).

[wowy] 29/4/2006 20:24

Can't see the marriage between LAT and PRZ happening as they are very different management styles.

However good results, released in the usual understated manner at a time reserved for profit warnings not success stories.

It is now entering a transitional phase, the early high risk investors are off loading their substantial gains to take advantage of their maximum CGT relief and moving on in part, if not completely.

However the new buyers still see this as high risk, which barring external circumstances is a misconception.

87p will easily be achieved within two years and that's 20% per annum which should satisfy most investors.

Having had a successful punt at forecasting these results ( ok, not very modest) see post 151, you will note it was closer than the professionals, I for one remain long on this one in a big way.

Wowy

[factsonly] 28/4/2006 15:53

Good to see that trades have dried up. Just goes to show that the MMs have made the spreads too large.

[factsonly] 28/4/2006 15:20

not sure about having chip shops, maybe ice cream parlours.

[sper] 28/4/2006 13:09

Create a european restaurant super brand, adding chip shops and a french chain to the mix :-)

[factsonly] 28/4/2006 13:03

Maybe the two could merge to form some economies of scale (removal of one HQ, extra buying power, one less listing, exchange good growth practices)?