Restaurant Share Discussion Threads

[spmc] 05/9/2018 12:53

Worth a read:

[adobbing] 01/9/2018 13:23

Andy McCue, chief executive, said that the turnaround had been held back by cold weather in March as well this summer’s heatwave and the World Cup. For the past six weeks, though, it had enjoyed “good momentum”, with like-for-like sales up by 2.4 per cent.

[adobbing] 01/9/2018 13:21

I think you’re on the wrong board, if not planet!

[bend1pa] 01/9/2018 01:55

Interims poor yet again. F&B continues to decline and no sign of turnaround anywhere yet after 3 years of continual malaise. Surprised at the contrarian reaction (the share price surged > 6%), but this optimism will be short-lived. A definite short.

[nw99] 31/8/2018 13:41

Great update

[hampton58] 31/8/2018 11:43

Good acquisition This is re rating story , has been a crowded short hence the reaction todayNew target 340p

[thecroots] 31/8/2018 09:51

Yes, i think the market was hoping for that, hence the rise.

[thecroots] 31/8/2018 08:25

They aren't poor. The market knew sales would be down and was already priced in. Market was expect minus 4 percent and it came in at minus 3.7.

Surely you must know share prices react to current and future trends/predictions. In the last 6 weeks lfl sales have risen 2.4 percent.

It would appear the sales turnaround has begun for the time being.

[peteret] 31/8/2018 08:22

how come they post poor results and the share price rises

[adobbing] 31/8/2018 08:10

Nice to see that far from being acquired, they continue to acquire, another 11 outlets.
Will be very interesting to see what happens with them, will they be converted to B&P format or will a separate urban brand develop.
There are certainly ame B&P city centre outlets that would align.

Sounds like the changes at Chiquito and F&B are finally starting to see results and the new Firejacks brand is performing well.

Onwards and upwards!

[thecroots] 31/8/2018 07:24

That's what I wanted to see. First six weeks of this period trading up 2.4 percent

[thecroots] 30/8/2018 20:53

Probably not but i think it's already priced in.

Concensus is -4%, so anything better than that is a bonus. I think the market will be looking at the trends stripping out the hot weather and world cup. If projections are good then we will be fine.

Be good if the decent sales trends in the pub game is still there or even better...

[hampton58] 30/8/2018 12:59

Surprise tomorrow ?

[hampton58] 20/8/2018 14:49

I still think this is no 1 break up story in the sectorGastro pub division value based on peer group read across Makes interesting reading

[adobbing] 09/8/2018 08:34

The first of the Ribble Valley Inns pubs to open as a Brunning and Price pub, set to open September 14th!

[aimri] 08/8/2018 08:54

Why hasn't there yet been a notice of interim results?

[adobbing] 02/8/2018 16:35

No doubt affected by U.K. base rate change announcement today.

Although the shift away from low end price sensitive outlets on retail parks to high end gastro pubs will lessen the effect on them.

The addition of these four pubs will no doubt accelerate this shift!

If the price drops any lower, it will be time to buy (for me) at levels I didn’t expect to see again!

DYOR

[tr200g] 05/7/2018 10:41

There seem a few people who think the gastropubs justify the current share price. Could you elaborate on why possibly ? last avail Companies House accounts for 2016 for Brunning & Price show profit after tax of 5.6m (4.9m,2015 ). Top line of 64m v 54m in 2015. even jewel in the crown is seeing falling site level operating margins (7.2m operating profit v 6.1m 2015: 11.2% from 11.3% when you would expect economies of scale on central costs).
Top line growing 20%
property valued at £148m by Savills in 2018.
But value say £6-7m of 2018 post tax profits somewhere near the whole group? Please explain?

[gutbuster] 21/6/2018 10:34

hxxps://simplywall.st/stocks/gb/consumer-services/lse-rtn/restaurant-group-shares/news/reasons-why-i-like-the-restaurant-group-plc-lonrtn/

[viking01] 18/6/2018 10:02

Heineken to 44 mill into British pubs .Good for sentiment in the sector and further. M&A talk