Restaurant Share Discussion Threads

[philanderer] 21/5/2019 12:16

Jamie Oliver's restaurants crash leaving 1,300 jobs at risk


Around 1,300 jobs are at risk as the TV chef's restaurants business prepares to file for insolvency, Sky News learns.

[adobbing] 21/5/2019 12:16

Another competitor in the casual dining market gone, survival of the fittest!

[paulisi] 20/5/2019 08:18

Not hearing good things about Frankie & Benny's. Poor service, empty restaurants, reduced portions.Wagamama is the shining light.

[sniffers mate] 18/5/2019 17:08

Anyone wondering how Hornby he got this role needs look no further than Allan Leighton both ex Asda

[sniffers mate] 18/5/2019 17:00

Great article about Hornby in this weeks Private Eye....explains why he is not fit and proper to be running a public company.

[earwacks] 17/5/2019 09:19

Basically Wagamas is saving their bacon. Should have been a lot more detail on restructure and expansion. 57% sales increase one would expect if you had purchased a company that was more than half your market cap. They need a lot more than this to justify the debt. It may happen, but not backed up in this statement

[steelwatch100] 17/5/2019 08:32

B & P pub business performing very well also! I went to one near Chester yesterday for lunch, full inside & out! beautiful gardens & weather attracting clients, the tills were ringing.

[nav_mike] 17/5/2019 07:35

As expected Wagamama doing well, but the other restaurants in the chain totally glossed over and barely warrant a mention

Sooner they can get shot of the underperforming sites the better...but will depend on how much of a hit they have to take

[stardog2] 17/5/2019 07:33

Good update showing continued momentum. Kept up the 2.8 lfl after the animalisation of beast from the east disruption which fell in the first 11 weeks trading statement that came out with the finals.

[earwacks] 16/5/2019 19:43

Had been holding its own quite well in all the turmoil till today. Norges Bank took a sizeable chunk recently. Is debt resurfacing as a concern or lack of news on the implementation of the new plans?

[daymer58] 09/5/2019 10:04

Peel hunt's latest note is just being issued, because they got it wrong for the last 25% and are trying to mark it down with this note.Think you will Wagamama will surprise on the upside and summer trade will be good for the whole sector actually

[hampton58] 03/5/2019 09:46

Agree with the new CEO's legacy, however I still believe this is a break up story.For short term punters, as the stock is about to test 2019 highs,we could see some profit taking.I have not had time to look at the new CEO's option scheme etc, as I am sure the company would geared any options towards that outcome.It is a private equity target no 1 in the sector.I wonder Andrew Page , retired CEO thinks of all this.He build the company

[slicethepie] 03/5/2019 09:39

Share your sentiments 100% , Horby destroyed hbos chasing market share in areas such as mortgages using his Asda skills! People forget easily the devastating effect he had on employees and shareholders. Many employees not only lost jobs but hard earned share save schemes became worthless. He was totally out of his depth but as the captain of the ship he was responsible but clearly his silver tongue has convinced others it was not him!

[steelwatch100] 03/5/2019 09:11

Totally agree Porsche1945, however feel you may be waiting a lifetime for the £2.
From one gambler ceo to another. Share price down from £7 to £2, then over pay for waga. Well done, give them a another leaving bonus.
The BOD seem to be throwing the dice in desperation, no vision just believing the sweet bull s...t shovelled at interview.
I was hoping for a good announcement but this is appalling.
With the headwinds facing the group, can’t see the imminent trading statement offering any good news apart from on the B & P pub side.

[palace3] 02/5/2019 21:46

Unlike Whitbread ( Hotel chain only now) RTN has good brands that with reliable management can progress. The Shareholders vouchers give a useful 25% discount and have encouraged me to see some of their good eating places.

[hampton58] 02/5/2019 11:37

Further short-coveting as discussed target price 160p , further upgrades expected and share price should move even higher

[lukehold] 02/5/2019 07:18

RemunerationThe main elements of Andy Hornby's remuneration package, which is consistent with the shareholder approved Directors' Remuneration Policy, will be as follows:- Base salary: £630,000 p.a.- Pension: Andy Hornby will not receive any pension or pension allowance. The Remuneration Policy gives the flexibility to award up to a 20% salary supplement- Standard benefits (with no housing allowance)- Maximum annual bonus: 150% of salary, 50% deferred into shares for 3 years (pro-rated for the year of joining)- LTIP award: On joining, 200% of salary p.a. with vesting based on earnings per share and relative total shareholder return with the first award mirroring the performance conditions applying to other participants in the April 2019 grant. Dividend equivalents apply- Share ownership guidelines; 200% of base salary- Initial 6 months' notice period required from either side, increasing to 12 months after a year's serviceIn addition to receiving the 2019 LTIP grant, Andy Hornby will be awarded a 'one-off' buy-out LTIP of a further 150% of salary on joining, with the same performance conditions and vesting dates, to partially compensate for LTIP grants that he will be relinquishing with GVC and for sacrificing much of his annual bonus opportunity in 2019.

[alex1621] 02/5/2019 06:06

If the results improve few will care about HBOS ... I worked in the same company as him prior to that and he was highly regarded, not at all the person portrayed in the media post financial crisis. I suspect that is why he's been gainfully employed ever since HBOS.

[lukehold] 02/5/2019 00:04

Disappointed, he's gonna bring great sentiment to this share with the work he did at HBOS

[honest_fred] 01/5/2019 23:55

New CEO announced

[porsche1945] 01/5/2019 23:02

Just need this to get back to parity so i can unload my holding and never go near the UK pubs restaurants hotels leisure or retail ever again.....damage limitation exercise. Declining business models in a country set to struggle. Weak sterling thanks to brexit damaging everything including peoples spending power.

[steelwatch100] 30/4/2019 09:52

Disappointing first qtr figs from premier inn (Whitbread). Hope there is no read across!