Restaurant Share Discussion Threads

[philanderer] 10/6/2016 12:14

Not any more , weekly gain gone in a flash

[philanderer] 10/6/2016 09:12

Good profits to be taken from the lows and still +9p on the week

[abcd1234] 10/6/2016 08:39

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The Motley Fool
9/6/2016

Did I miss the best buying opportunity?

Shares in Restaurant Group fell as low as 265p in May, before rebounding strongly to their current level of 367p. I've been taking a closer look to decide whether it's still worth buying ahead of a possible takeover bid or turnaround.

My view is that Restaurant's core franchise, Frankie & Benny's, has become dated and needs refreshing. However, this shouldn't be too difficult for a competent management team. Consumers are eating out in greater numbers than ever and Restaurant's balance sheet is strong, with very little debt.

Earnings forecasts have fallen recently, but on a forecast P/E of 12.5, the shares still don't look expensive. There's also a 4.4% dividend yield, which I expect will be maintained. I suspect that any takeover bid would be priced at between 400p and 500p, so buying today could still deliver a worthwhile profit.

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[scapital] 10/6/2016 08:07

I missed the news last month about trialling delivery at some of their restaurants.You would imagine that could add a nice few percent to the sales.

[tsmith2] 10/6/2016 07:52

Will be quite interested in seeing if momentum continues/strengthens..

[davr0s] 09/6/2016 19:41

Looking good now - haven't seen/heard any new rumours though

[abcd1234] 09/6/2016 16:43

"XD on 16th june for the 10.6p" per share held

[philanderer] 09/6/2016 16:28

Has a director bought some ?? ;-D

[ayl30] 09/6/2016 16:27

..and a divi too? Forgot about that, lets hope it doesnt drop back too much after ex-div. My biggest single holding this so very happy with progress to date

[abcd1234] 09/6/2016 16:15

ex div next week too

[mashman] 09/6/2016 16:13

Lets see if it holds todays gains.

[tsmith2] 09/6/2016 16:01

Very good momentum building..

[tsmith2] 09/6/2016 16:01

Interesting..

[scapital] 09/6/2016 15:53

Another pub and restaurant group was sold to private equity in the north of England today.A lot of appetite out there for these details.

[tsmith2] 09/6/2016 15:49

Quite prob..and if was quite a swift fall..so possibly quite a swift rise

[che7win] 09/6/2016 14:04

That chart is forming a reverse head and shoulders to me...

[che7win] 09/6/2016 14:02

Up she blows! Dividend goes ex next week.

[scapital] 08/6/2016 15:02

Tesco selling Giraffe restaurant group to a family office.There's M&A appetite out there.

[tsmith2] 07/6/2016 15:44

Graph pointing to spike?

[che7win] 06/6/2016 15:34

Quite a lurch upwards from lows...

[mashman] 06/6/2016 13:05

And there was.

[market sniper 3] 06/6/2016 12:40

Profit warnings come in 3s.

[shareinvestment] 06/6/2016 07:38

Thanks for posting this very very interesting article. Like also very much the board room shake up. All looking interesting. IMO forget the short term trade here and sit back for the medium term and see the turnaround taking place.

[scapital] 05/6/2016 12:15

Is there any private equity company that isn't running the figures on an RTN bid?