Restaurant Share Discussion Threads

[sbb1x] 21/5/2020 10:34

Why the big spread

[sbb1x] 20/5/2020 19:38

Trading close to 50p Then closing at 42p wtf happened ?

[adobbing] 18/5/2020 21:06

It just needs to survive!

The fundamentals of operating a customer facing business have now changed, probably for ever and for all players.

The expectations and the measurements pre Covid are now largely irrelevant, this will be a new world with a drastically changed playing field.

Expect higher prices and a general public forced to pay whatever they have to, if they want “the experience”.
There will be fewer options and booking ahead will become the norm.

[r9505571] 18/5/2020 20:14

Yes. But like a Ryanair flight this business needs everyone packed into Waga and those bench seats filled every night to work. This won't be back at its best until a vaccine is found!

[adobbing] 18/5/2020 18:27

Survival of the fittest, with the prize at the end being much less competition!

[r9505571] 18/5/2020 17:55

Another one bites the dust!https://www.independent.co.uk/news/business/news/bella-italia-cafe-rouge-casual-dining-group-administration-jobs-risk-a9520536.html?amp

[john09] 14/5/2020 15:25

The 58p placing crew wont be best pleased lol

[sbb1x] 11/5/2020 07:42

When will pubs and restaurants reopen in the UK? https://t.co/fzw99GQZ5y 40% of restaurants will not survive.

[grabster] 15/4/2020 19:07

Zones of discrimination:

Z > 2.6 – "safe" zone
1.1 < Z < 2.6 – "grey" zone
Z < 1.1 – "distress" zone

The Z-score given for RTN at Stockopedia is 0.4 - distress - high risk of bankruptcy.

[deduce101] 14/4/2020 19:38

Restaurant Group is a ‘survivor&rsquo;, says Shore Capital
Significant cost reductions at Restaurant Group (RTN), the owner of Frankie & Benny’s and Wagamama, mean it is well placed for a post-Covid-19 rebound, according to Shore Capital.


Analyst Greg Johnson kept his recommendation and target price ‘under review’.

‘The timing of containment measures and the likely impact on the UK economy is clearly an unknown at present,’ he said.

‘However, we are encouraged by the commentary for cash burn of circa £5m for each additional month of closure, with the group retaining a minimum of £60m of cash liquidity. The measures put in place, along with the equity raise, safeguards the business going forward, putting the group firmly in the ‘survivor&rsquo; camp.’

[deduce101] 09/4/2020 10:33

Paulisi, yes looks like that was the reason for the share price to go higher than the placing of 58p this morning.

[thecroots] 09/4/2020 09:32

So in essence without the purchase of Wagamama, RTN would simply be gone. I know they paid over the odds but its plain to see this has ensured their survival. Chiquito is dead in the water and F&B is still 20 years behind and STILL relying on the brand itself rather than moving with the times and giving what the customer wants. (Ie some kind of DECENT service and not the drab they deliver)

Other than Wagamama, Brunning and Price are the only real decent brand within the group.

In my view, they need the leaders to have Food and Beverage experience and NOT betting experience in order to do well. It's run so badly.

[paulisi] 09/4/2020 08:03

More to do with short sellers getting out of their positions.

[adobbing] 08/4/2020 16:26

Now well placed to capitalise on the recovery, when it happens.
Appears the market is realising this and the upside.

[porsche1945] 08/4/2020 15:58

Restaurant group likely to be ok, use the CV to offload hopeless rubbish like Chiquito and F and B and anything else thats borderline and just stick to the bits that work, Wagamama etc, and re brand some of the better sites they want to keep. Alot of the competition being taken out. Will reopen for the summer. Could actually see them doing ok.

[tjbird] 07/4/2020 09:59

COST

PE of 2

[grabster] 04/4/2020 18:53

"Peter Kubik, a partner at UHY Hacker Young, said restaurant chains were likely to be the hardest hit from the coronavirus crisis. “Most other businesses can shift their staff to home working or sell through the internet," (The Guardian)

"Fred Diamond, a consumer analyst at GlobalData, said the outlook for the restaurant and pub sector looked increasingly bleak. “As people adjust to isolation by making their home as comfortable as possible, street retailers will have an even harder time convincing people to leave their living rooms. The restaurant sector will, by the end of this, have fewer stores and less cash,” Diamond said." (The Guardian)

[deduce101] 04/4/2020 17:48

UK restaurant chains face ‘drastic Darwinian environment’

FT:

[nordic1958] 01/4/2020 10:20

PsNorges Bank still has 3%

[grabster] 01/4/2020 09:32

Does the reported purchase of shares by the cfo (normally a positive indicator but could also be a tax manouvre), mean that any intended action must now be delayed on grounds of insider knowledge?

[grabster] 30/3/2020 09:39

So, if they do go for that rumoured emergency rights issue, what price could they get it away at in the current market?