Restaurant Share Discussion Threads

[philanderer] 13/5/2016 17:51

+7p for the week.

Another 4 months like that and we`ll be at 400p ;-)

[abcd1234] 13/5/2016 12:28

some charts in header just stopped working..
this has been a recent prob on advfn bb's


(edit.... they are back now )

[che7win] 13/5/2016 10:42

imran,
that's what I said above (and got a tick down) for saying so.

I'm happy with my entry price here.

[imranawan] 13/5/2016 10:24

Interesting write-up of the AGM on the ShareSoc website: hxxps://sharesoc.wordpress.com/2016/05/12/the-restaurant-group-agm-report-rtn/

Suggests underlying problems in the company will take some time to rectify.

[philanderer] 13/5/2016 10:03

Berenberg retaining 'hold' cutting target from 550p to 300p

[tsmith2] 13/5/2016 09:19

Corporate action here seems almost inevitable

[che7win] 13/5/2016 08:40

Nice to see Prudential increasing, think this will do well over time.

[che7win] 13/5/2016 07:19

Si, They are cannobilising existing sites, that will take time to fix

[philanderer] 12/5/2016 22:19

Getting a new respected CFO in place pronto, to fill the vacancy, would be a good start ;-)

[abcd1234] 12/5/2016 22:17

RNS 17:13
Restaurant Group PLC Holding(s) in Company

Prudential plc
9,946,935 -----> 10,400,038

[shareinvestment] 12/5/2016 21:50

Thanks philanderer. We all know that catching the low in a stock which had 3 profit warnings would be pure luck, but from my experience when we are all mega negative it means that the valuation has reached a level where further downside is limited and the upside potential is far greater, what we don't now is how and when the share price will rise again. IMO it's bottomed at £2.60 ish and the worst is over, but time will tell. Having a strategic review will purely enable the board in July to take draconian actions to solve problems already identified from their management data, it's a bit like a bank having MacKenzie to do a strategic review...the writing is already on the wall. What is positive from the last shocking conference call is that they are opening new locations where they are clearly certain to generate a profit.

[philanderer] 12/5/2016 20:53

Luck with those si

[shareinvestment] 12/5/2016 20:24

I follow the Paul Scott blog and his comments towards RTN a few days ago made me look at this stock ie 3rd profit warning etc but solid balance sheet, dividend and producing cash/profits. I also noticed that Shares magazine tipped it as a buy for various reasons (takeover bid ? or takeout by a PE ?) even if it is likely that the divi will be lowered to 15p we are still talking a 5% yield. After pondering this information I have decided to buy 18,000 shares today at around £ 2.95 as I think that the stock is now really too cheap even if there might be some short term volatility. We know that the strategic review outcome is due in July and it will drive the stock up and the market usually anticipates matters and the review will highlight some drastic changes needed. IMO the stock is far too cheap here, 60% loss from the top, and will therefore provide an interesting re-rate opportunity alongside a 5% div yield, even post a likely divi reduction. Maybe I'm wrong but for me the price has now adjusted to this negative 2016 outlook and possible dividend cut and as most of the bad news is out I think that RTN could easily be back at £4 by the end of the summer.

[abcd1234] 12/5/2016 14:46

73% who voted in favour are the institutional investors ;O)

[mammyoko] 12/5/2016 14:41

Instis clearly not happy with the over-promoted muppet running this show. 27% against remuneration report is definitely not a vote of confidence

[philanderer] 12/5/2016 14:06

Frankie & Benny's ‏@frankienbennys 2 hours ago

We still have 3,000 desserts to give away! Download the F&B app and be an F&B rewards member for the chance to win!

[boonkoh] 12/5/2016 14:05

What's the probability of another profit warning and RTN blaming it on the weather being too sunny?

[philanderer] 12/5/2016 14:00

Yep, money for old rope most of the time !

[che7win] 12/5/2016 12:58

Nice to see shareholders acting on remunerative excess.

[che7win] 12/5/2016 12:55

Bought another 1000, that's me finished (for now).

[tsmith2] 12/5/2016 12:52

Good kicking at AGM too!

[philanderer] 12/5/2016 11:32

Morning ts, portfolio leader for me today :-)

[tsmith2] 12/5/2016 10:29

Bottomed out..Suns out too.

[g2theary] 11/5/2016 11:24

Well over £3 Friday this is fully over done

[philanderer] 11/5/2016 09:47

LOL ab :-D