Restaurant Share Discussion Threads

[penrith] 09/4/2019 08:51

Could we have a day of BLUE?

[dempsey2u] 08/4/2019 16:26

Yes, is a bit, but does lock CFO in for at least 3-5 years. So need to be earnt so to speak. New CEO announcement is what I’m waiting for as this should effect share price positively I’m forecasting £1.30 then up to £1.50 by August trading update results, etc, what are everyone else’s thoughts?

[essentialinvestor] 08/4/2019 16:07

Saga and RTN have something in common - Private Equity.

RTN taking on debt buying from PE, in late cycle as well!. Genius - irony intended.

[nav_mike] 08/4/2019 16:03

That really takes the p*ss....granting 627k nil cost options to the CFO

What exactly has he done to deserve that other than help decimate the share price

[2wild] 08/4/2019 15:09

Just got in at 110.53p having sold out at 265.6 on 2nd November 18, as they over paid for Waga. The price now looks good and should be near the bottom.

[nav_mike] 05/4/2019 15:35

Personally wouldnt touch Saga with current management - January everything was trading in line with their expectations, next thing its utter carnage

Bought a few of those in the past to trade but never again

[dempsey2u] 05/4/2019 13:46

Its becoming hard to watch, to see this drop from £1.40 to £1.11 in only a short space of time is gutting, lowest I've seen this in 8 years. The dividend being lowered was bound to have an effect, but this is still a very profitable business with major assets despite the new debt. Going to keep for a while longer but am nervous.

[boraki] 05/4/2019 12:59

Sold out and gone into Saga.

This share is dire at the moment

I suspect more people will buy saga for their isa's than they will do for the restaurant group

Time will tell

:-(

[thecroots] 04/4/2019 21:32

Patience will win out here.

Seems to be doing all the right things now, especially converting 9 or so of the leisure sites to Wagamama.

[boraki] 04/4/2019 21:20

Current trading

Current trading is in line with our expectations with like-for-like sales up 2.8% for the ten weeks to 10 March 2019

15/3/2019

Yet the price has gone down from 1.40 to 1.13 in the last 19 days, a drop of 20%

Crazy priced share

People are holding off going on holiday abroad, because of Brexit, so they are more likely to spend their cash in the UK.

Am I missing something here...

[boraki] 02/4/2019 21:16

Mmmm, could not agree more...

Ironically I bought at 1.40p

[nav_mike] 02/4/2019 14:25

I would say we either have shorters operating below the 0.5% disclosure limit, or people are selling off the rights shares and taking the profit on them

Its stupid how the results when they came out were good enough to send the price up to 140, but since then its been down nearly every day

[boraki] 01/4/2019 21:26

For you Luke, I will hope so too.

Mind you after then, it had better "bloody" go up

:-)

[lukehold] 01/4/2019 18:14

Hoping it stays down until new isa allowance kicks in

[boraki] 01/4/2019 15:58

This has been down 10 time out of the last 11 trading days.

Ridiculous

[zebrano10] 01/4/2019 13:52

CEO from Wagamama ?

[steelwatch100] 01/4/2019 13:33

About time for news on ceo’s replacement, then the share can start to move forward.

[boraki] 27/3/2019 09:03

Paying 7% dividend at current prices

[boraki] 27/3/2019 09:00

Yes, 170p seems a much fairer price

[vikingwarrier] 27/3/2019 08:26

There's that 170p again

[boraki] 26/3/2019 20:57

Oliver HaillSharecast News
25 Mar, 2019 16:26
Fuller's and Restaurant Group are top picks for new Stifel analyst

The backdrop of the leisure sector is increasingly favouring wet-led pubs over restaurants, said broker Stifel as it re-started coverage with The Restaurant Group and Fuller's as its top picks.

The big picture of the sector is “solid” and with a new analyst Mark Irvine-Fortescue in harness, there are various stock-specific factors that drive new stances on each stock, with balance sheet options and strategy chief among them.
For one top 'buy' recommendation, The Restaurant Group, the shares are simply “oversold”, the analyst felt, as investors worry about the company stretching its balance sheet to acquire Wagamama. But he sees the deal as “genuinely transformational”.
If the company can stabilise its Leisure arm, integrate Wagamama without problems and extract synergies, TRG's shares should get a re-rating, he suggested, eyeing a 12-month target price of 170p. After this, he said, investor attention will be able to move to the “more exciting” multi-channel growth prospects. “Our new analysis gives us confidence that TRG can do just that.”

[boraki] 26/3/2019 16:20

Crazy share

Somebody is determined to take this down

:-(

7 straight days

[nav_mike] 26/3/2019 16:15

Relentless automated selling....since about 3pm some algo has been selling approx 1000 shares every 3 seconds

In the face of an apparent buyers strike, thats enough to get the price down again

[essentialinvestor] 26/3/2019 13:08

You need to take a hard look at what RTN have done with this acquisition.

Prior to this they had a pretty much pristine balance sheet,
giving ample room to navigate the next recession - my take.

Risks have now significantly increased, particularly given the operational
gearing if trading were to take a knock.

This all might pay off, but when you buy from private equity,
guess who usually gets the better deal!, PE tend to be masters of timing.

[boraki] 26/3/2019 11:22

Sainsburys getting in on the act too