Prezzo Share Discussion Threads

[jailbird] 15/3/2010 15:04

Bought in this morning,

thanks for the heads up.

just seen a couple of chunky buys at 35p this afternoon.

[cockneyrebel] 15/3/2010 13:27

Going well today - already said they'll beat forecasts - I wonder by how much tho?

Results in a fortnight.

CR

[cockneyrebel] 13/3/2010 11:13

SCSW have added PRZ to their portfolio in today's issue.

CR

[cockneyrebel] 10/3/2010 08:50

Nice buy point on the chart as it starts to curve upwards here imo. I think buyers will be in well ahead of the results at the end of the month judging by the way the buying picked up on the results date announcement imo.

CR

[cockneyrebel] 06/3/2010 12:09

Pretty up with the present the way you can book online instantly - many chains don't offer that option.

The Prezzo in Thame gets packs at weekends - not my sort of place really but the sort of cheap meal place to stop for people who are tightening the purse strings - I suspect that's why they are benefitting at the moment.

CR

[spudders] 06/3/2010 11:47

IC has flagged this one a potential take over target. My local PRZ is still very busy on the ground floor but first floor appears to be closed off in the week. Ground floor seats about 70+. Still holding :)

[topvest] 03/3/2010 13:29

I was in one of their restaurants last night. Only one of them, but it was much busier than 6-12m ago.

[cockneyrebel] 03/3/2010 11:19

Nice buying today as soon as they announced the results date - sort of suggests there's a lot want to be in ahead of the results imo.

CR

[paulypilot] 16/1/2010 02:08

jolly good !!

[liveinhope] 15/1/2010 12:52

Pleasing trading Statement issued today:

"TIDMPRZ

RNS Number : 6027F
Prezzo PLC
15 January 2010

?
Prezzo plc ("Prezzo" or the "Company")


Trading Update


The Board of Prezzo provides the following trading update for the 52 weeks ended
27 December 2009.


The Company expects to report preliminary results for the 52 weeks ended 27
December 2009 ahead of market expectations, following stronger trading in the
second-half of the year. In addition, the results will include a one-off
financial benefit from a successful national insurance reclaim made in the same
period.


Looking forward, the board expects the challenging economic conditions
experienced during 2009 to continue. With the marketplace remaining highly
competitive and the recent increase in the UK VAT rate, margin pressure is
likely to be a continuing factor in the year ahead.


The Company currently has 138 restaurants and expects to open a further 10 new
restaurants during the new financial year.


15 January 2010


Prezzo plc
Alan Millar, Finance Director
[phone]

Evolution Securities
Bobbie Hilliam
Sam Plumptre
[phone]"

[tiredoldbroker] 14/12/2009 11:00

If it's so good, I don't understand why it has to be repeatedly puffed: and to repeat, the B/S is not stuffed with cash, it's stuffed with credit - payables far exceed cash, the company has no cash of its own, just the credit extended to it by suppliers; and £11m of freeholds is not really material when the mkt cap is many times that figure. If you really feel the management are just 'going through the motions', that's no basis to buy the stock. And it's not a retailer; it's a restaurant chain. One which has already been rolled out, you've missed the event.

[paulypilot] 14/12/2009 00:50

Buy the dips, is the obvious strategy! Oh, and be patient ;-)

Lovely, well managed business. IMHO.

[cockneyrebel] 12/12/2009 18:50

ok, ta.

Make these forms clear don't they :-)

CR

[james8] 12/12/2009 17:39

CR
I think that the buy-back of about 1% of the shares for cancellation (which took place on 4/12) caused Kaye's holding to reach the 48% threshold (but I may be wrong)

[cockneyrebel] 12/12/2009 16:52

He hasn't increased then?

I looked at that and it said he'd gone through 48%.

Proquote had him down as 47% before that.

CR

[topvest] 12/12/2009 14:27

Can see this getting taking private though. I just have a feeling that someone is going to make a lot of money out of Prezzo, but it's not going to be us minority shareholders!

[topvest] 12/12/2009 14:26

Looks to me like Kaye has not increased his overall holding, just made it all a direct holding rather than partially indirect.

[cockneyrebel] 12/12/2009 14:01

Any views on Kaye increasing his stake this week to 48%?

I bought in last week - the one in Thame is very busy.

CR

[paulypilot] 12/12/2009 05:02

Hi,

I'm not confusing anything with anything.

Long term we will see 50p+ from this share. It's obvious when you crunch the numbers. No risk, great reward. Patience required. See you in 2011 !

Cheese,
PP./

[imout] 09/12/2009 17:13

Why do companies normally buy back their shares?

[spudders] 09/12/2009 17:10

Something is occuring, not sure what though :)

[james8] 07/12/2009 12:11

well they've got cash for a share buy-back :-)

[tiredoldbroker] 03/12/2009 09:48

paulypilot, I think you are confusing 'cash' with 'credit'. PRZ lives on credit, it does not have cash. I don't think a restaurant chain is the same as a high street retailer, and even if it was, the last year or so has surely shown the shallowness of the 'beauty' you claim - enough retailers, banking their daily takings and buying goods on credit, have gone under in the last 12 months to give this idea the lie.

The problem I have with PRZ is that I don't get the impression that they are any kind of 'class act' - just 'another' pizza/pasta chain, and the competition is much more developed now, the market much more mature, than when the Kaye family had its successes. The problems with Tasty plc might indicate that they don't have an infallible golden touch any more, and given that PRZ has a mkt cap even now of over £60m, I don't think that £11m of freeholds is such a material factor in the overall valuation - particularly if they continue the past practice of siphoning some of them off into the hands of connected parties on quite demanding leases.