Restaurant Share Discussion Threads

[larva] 07/4/2017 11:36

Restaurant group has £110m of freehold property and net debt at 0.2x ebitda so the balance sheet and dividends look good to me.

[larva] 07/4/2017 11:35

Id imagine the bid to be 400p or so

[steveo18] 07/4/2017 11:10

Bid from cinven doing the rounds

[adobbing] 07/4/2017 08:08

steveo18 6 Apr '17 - 14:26 - 1854 of 1856 0 0
Bid from cinven doing the rounds




I assume as there is NO news to back this up, it's doing the rounds in your mind only.
Let's stick to facts shall we?

[adobbing] 06/4/2017 16:54

steveo18 6 Apr '17 - 14:26 - 1854 of 1856 0 0
Bid from cinven doing the rounds



Where?

[philanderer] 06/4/2017 16:51

RTN keeping the portfolio flat for the day :-)

[steveo18] 06/4/2017 14:26

Bid from cinven doing the rounds

[opodio] 06/4/2017 12:51

would be good to have bid chatter


A bowl on chart, 380-400 immediate upside i think

[adobbing] 31/3/2017 14:09

Nice to see directors exercising their options and buying shares.

[thevaluehunter] 30/3/2017 17:47

Sterling strengthening a bit after the brexit notification.

[philanderer] 29/3/2017 17:11

Nice one LK :-D

[liquidkid] 29/3/2017 15:24

So what is this re-engineering and testing of an alt-new core menu?

Maybe a robotic hamburger flipping machine? Since all the Brexit workers are going to have to scarper off back.

Frankie and Benny Kozwalski have been hard work constructing a NEW New York style menu that is relevant to current events. Presently going into a F&B is like timewarping back to the 90's.

Here's some new menu ideas under construction at the Restaurant Groups Top Secret mock up eating house.

A. The Trump Tower Burger - with little finger fries on the side.
Taste test results:
Unfortunately the very mention of a POTUS burger made 50% of the customers physically ill causing some to exit the resaurant vowing never to return.

B. The Clinton Pizzagate Pizza - a somewhat controvesial dish best served cold or kept a secret.

C. The Shia Lebeouf 'He Will Not Divide Us' sharing platter. An arty concoction of left ribs and memes and kek.

D. The Russian - Family Kids Menu. If it all goes wrong then at least the management has this to blame it on.

And finally a home sourced dish: Menu number/article 50.
Again the Remaining customers were visibly affected by this choice finding it hard to swallow and all wanted to Leave in tears.

[adobbing] 29/3/2017 14:54

Didn't know we had a US listing!

[philanderer] 29/3/2017 14:24

Restaurant Group (RSTGF) Rating Increased to Buy at Zacks Investment Research


Restaurant Group (NASDAQ:RSTGF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

The brokerage currently has a $4.75 price objective on the stock.
According to Zacks, “Restaurant Group plc operates branded restaurants and pubs.

Its brand portfolio includes Frankie & Benny’s, Chiquito, Coast to Coast, Garfunkel’s, Brunning & Price, Joe’s Kitchen and TRG Concessions. The company operates primarily in United Kingdom. Restaurant Group plc is based in London, United Kingdom. “

[philanderer] 29/3/2017 13:41

Just can't seem to break out of this chart downtrend.

Much patience required :-)

[thevaluehunter] 28/3/2017 16:19

TAST was on a pretty crazy multiple before the share price fall and even at £42m market cap still has an EV/EBITDA above RTN. Restaurant group has £110m of freehold property and net debt at 0.2x ebitda so the balance sheet and dividends look good to me. New management have thrown in the kitchen sink on impairments so bad news out the way and the cinema sites should be performing a bit better than last year given the slim pickings on offer with the film releases in 2016.

[che7win] 28/3/2017 11:50

TAST results very poor today

[philanderer] 28/3/2017 11:12

Wouldn't they have announced that with the results a couple of weeks ago ?

[opodio] 26/3/2017 21:17

Anyone thinking rights issue or placing

[sharw] 26/3/2017 19:43

...but compare Wagamama latest (40 weeks to January 29, 2017 9.0% UK like for like
sales growth and adjusted EBITDA up 11.4%) with RTN.

[philanderer] 26/3/2017 16:46

May focus on the sector..

The Sunday Times: Financier Edi Truell is plotting a £530 million takeover of restaurant chain Wagamama

[sharw] 24/3/2017 12:49

Down again this morning as RTN receives the kiss of death - main BUY recommendation in today's IC

[philanderer] 24/3/2017 09:39

Downgraded to 'sell' this morning


"Berenberg downgrades Restaurant Group, sees more pain to come"

(ShareCast News) - Berenberg downgraded Restaurant Group to 'sell' from 'hold', keeping the price target at 300p following a strong rally in the shares.
The bank highlighted the fact the stock is up around 23% since the end of January, adding that the current valuation is unattractive.

It noted the company's weak set of 2016 results and said that while management's plan to turn the business around was laid out in fairly considerable detail, it has not changed the bank's view that the group has a very tough task ahead, considering the extent of the changes that need to be made to the leisure brands.

Berenberg said the plan to try to improve the performance of the leisure brands, which includes menu changes, pricing correction, improved labour scheduling and increased marketing, seems sensible.

However, the bank's analysis suggests significant price correction is required to bring these brands in line with competitors.

"We continue to believe it could take considerable time for the brands' reputations to improve sufficiently for volume growth to offset lower prices. As a result, we anticipate that like-for-like sales will decline 4.5% this year, and we feel that there is risk to achieving this figure."

Berenberg added that given the way the competitive landscape has evolved in recent years, it is difficult to have confidence that the strategy will lead to a strong recovery.

[thevaluehunter] 20/3/2017 18:54

In terms of the correlation between cinema admissions and LFL sales for RTN I think about a third of the total group sites are located at cinema locations. Try plotting 1/3 of the yoy % change in cinema monthly admissions vs the RTN LFL% for each historical trading update period.

I also like the 2017 film slate, Beauty and the Beast has just recorded the the fifth biggest opening weekend ever in the uk.

[liquidkid] 20/3/2017 18:46

Woodfeld? WhoGru? Woofdood? ...is it you? is it actually you!