Prezzo Share Discussion Threads

[mick the kidney] 12/4/2010 14:41

Nice :-)up 3.5p i bought theses a lot higher so hoping for at least my money back .

[factsonly] 12/4/2010 09:26

It seems the MMs are getting squeezed for stock.

[cockneyrebel] 12/4/2010 08:14

MM's paying mid for stock in size this am :-)

CR

[cockneyrebel] 11/4/2010 18:58

Seems a lot of restaurants are doing well around here.

We have one of MAB's Vintage Inn just up the road to us, car park full today and they are parking down the street. Raymon Blank did that TV series where the couple get to run a restaurant - that's in Thame too - couldn't get booked in this weekend.

As an aside we went to the garden centre today, parked outside on the road because this Wyevale's carpark was full.

Recession? what recession?

Cr

[spudders] 11/4/2010 18:30

CR - I agree with your thoughts & always a chance of a take over. I believe my local PRZ turns over 8k+ a week, rent of building 40k pa + business rates circa 15k.

[cockneyrebel] 11/4/2010 17:49

Yep, we have one about 7 miles away from me in Thame, Oxon. It gets packed on a Friday and Sat recently and amazed how many they get during the week in the daytime. I suppose it's a decent size lunch and at a good price for many.

The adjusted pre-tax profit came in £1m ahead of S.Pierce's forecasts and I'm conviced retail across the board this year is doing better than the market is pricing.


This was in the Scotsman in March:

"Italian restaurant chain Prezzo is set to report lower annual profits on Thursday despite stronger trading in the second half of 2009.

In January, the pizza and pasta firm said results for the year to 27 December would be better than City hopes, although the company expects "challenging" economic conditions to persist throughout 2010.

Prezzo is fighting in a highly competitive market, while January's return of VAT to 17.5 per cent is likely to squeeze margins in the year ahead.

The firm, which currently has 138 restaurants, has nonetheless decided to maintain its expansion plans with the opening of a further ten outlets this year.

Seymour Pierce analyst Hugh-Guy Lorriman predicts underlying pre-tax profits will fall from £11.5m to £10.8m for 2009, but says the group's low-cost model is undervalued by the market.


I think the market has been re-rating these over the past week but reckon there's still a fair way to go when the concensus forecasts have risen 20% this week and I bet they are conservative.

Reckon there's a fair rise in these over the next week or two the way these were moving on Friday imo.

CR

[cockneyrebel] 09/4/2010 15:30

yep. galloping on L2 - mm's moving up on small trades - must have cleared them all out in the past few days.

CR

[cockneyrebel] 09/4/2010 12:53

Making new recent highs - moving at a clip on L2 now too - overhang gone imo.

CR

[cockneyrebel] 09/4/2010 10:48

On the move now

50p+ must be fair value imo.

Brokers were forecasting 2.78p for this year just a week ago - now forecasting 3.6p.

Big cashflow too for cheap expansion.

CR

[cockneyrebel] 08/4/2010 08:42

Seen all the buying?

Seen the broker upgrades?

Gonna fly at some point soon imo.

CR

[topvest] 04/4/2010 08:12

Yes, good set of numbers; management seem intent on playing down progress though, or certainly being very cautious.

[paulypilot] 04/4/2010 05:17

Cracking set of figs. Just what we long termers have been saying for ages!

[cockneyrebel] 02/4/2010 21:45

Gets a buy rec in the Times (Tempus)

CR

[topvest] 02/4/2010 09:22

Yes, can't help thinking an MBO is on the cards here at some point, when they can get the financing together. Only moderate upside if that is the case, as us small shareholders will not be the winners. Happy to hold though.

[liveinhope] 01/4/2010 21:54

Solid, if unspectacular results. IMHO, a very safe haven in current uncertain times.

[cockneyrebel] 01/4/2010 18:43

A very nice week and these held up lovely today after that rally.

Should get some press.

CR

[cockneyrebel] 01/4/2010 07:52

3.0p eps adjusted, dgood outlook and current trading.

Generates plenty of cash for expansion - Seymour Pierce will have another buy out on it today imo.

CR

[cockneyrebel] 29/3/2010 15:37

Going well again - chart starting to look better and better imo.

CR

[santangello] 29/3/2010 00:08

.....after the bell buys revealed on Friday.

Should see momentumn up to strong results on Wednesday?

[cockneyrebel] 26/3/2010 08:36

I can't remember their earlier PRZ tip off hand Mick - they moved it into the portfolio tho.

2 x 100k buys today ahead of Weds results.

CR

[cockneyrebel] 16/3/2010 11:09

100K buy earlier - gonna motor when ot goes through that hiigh of last May imo.

CR