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RTN Restaurant Group Plc

64.80
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Restaurant Group Plc LSE:RTN London Ordinary Share GB00B0YG1K06 ORD 28 1/8P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 64.80 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Restaurant Share Discussion Threads

Showing 1876 to 1899 of 3625 messages
Chat Pages: Latest  85  84  83  82  81  80  79  78  77  76  75  74  Older
DateSubjectAuthorDiscuss
28/11/2016
11:05
HSBC starts Restaurant Group at 'reduce', says path to recovery will be 'bumpy'


(ShareCast News) - HSBC initiated coverage of Restaurant Group at 'reduce' with a 290p price target, saying there is a gap between the current share price and the likely pace of recovery at the company.
The bank pointed out that Restaurant Group was one of the UK's most successful restaurant operators for almost a decade, but recent issues caused by pushing hard on prices, inconsistent service levels and a confused proposition have resulted in a series of profit warnings.

"Now, with a new management team in place, a recovery plan is taking shape, although the path is likely to be bumpy given that the restaurant operator has experienced a breadth of issues, along with near term cost and competitive headwinds also working against them.

"Given management's recovery plan, we expect the decline in like-for-like sales to ease over the next two years, though turning around the leisure estate will not be easy to do."

The bank - whose forecasts are 20% lower than consensus - expects full-year 2017 pre-tax profit to struggle to match 2016 due to food price inflation, the national living wage, a weaker pound and rising competition. HSBC expects LFL sales to remain negative until 2018, recovering thereafter.

"Several industry experts and consultants are even more cautious on the timeline to recovery as the competition command greater brand presence which could eat into Restaurant Group's lunch," it said.

philanderer
28/11/2016
09:55
Morning all.

Another kick in the cobblers today... HSBC initiating cverage of RTN this morning with 'reduce' and 290p target.

philanderer
25/11/2016
10:40
I've got enough in this fella bg ;-)
philanderer
25/11/2016
10:12
take advantage of the low price- it won't stay that way - marathon not a sprint!
gutbuster
25/11/2016
09:08
Not a sign of an update and now -9% for the week :-S
philanderer
24/11/2016
17:03
I don't hold Philanderer, but I'd be surprised if the update was poor - given the decent amount of shares bought by directors in recent months.

I have £RTN on my w/list so want to buy-in, but will wait for a positive trading update.

imranawan
24/11/2016
16:58
Hope I`m wrong, but with that volume today and nearly -8% down for the week it`s pointing to a poor update tomorrow morning :-S
philanderer
24/11/2016
16:10
Well that didn`t work at all.

Starting to look really ugly and chart support looks to have gone.

1 million shares traded :-(

philanderer
24/11/2016
13:55
Just to brighten things up :-)

Frankie & Benny's ‏@frankienbennys 2 hours ago

Tell us below your 3 favorite things about F&B's with #FranksGiving........ Who knows what might happen!?

philanderer
24/11/2016
11:04
Barclays raised target yesterday to 390p. Just seeing this today.
unnavailable
24/11/2016
10:14
1) there is new management

2) there is no longer an obligation to issue a trading update (IMS as was) and many companies have dropped this to the annoyance of their shareholders

3) in the past RTN has always given notice of trading updates and it hasn't even done this yet

sharw
24/11/2016
09:53
When will they provide their next update - anyone know? Based on the RNSs issued over the last couple of years I would have expected them to have released a trading update already.
imranawan
24/11/2016
09:03
But this is not looking good at all now.,,,

- 23p this week

philanderer
23/11/2016
20:37
Agree, it looks good , tipped in Questor this morning as well.

They also tipped RTN as a buy a month ago ;-)

philanderer
23/11/2016
20:23
Yep I hold some, and am thinking about top-up soon. I sold out of £LVD today after holding for over a year so have some funds to top-up a few more positions. £RBG looks more attractive than £RTN at present, as its still growing and they want to open 100+ outlets.

Looks good at the moment and valuation is attractive.

imranawan
23/11/2016
17:02
imranawan , that`s a coincidence, I was only looking at it this morning :-)

Have you bought some ?

philanderer
23/11/2016
15:48
Philanderer have you looked at £RBG? A GARP share that's a decent roll out story and on a decent multiple.
imranawan
23/11/2016
15:36
Oh dear , not looking too good today, heading for a 3 month low. I hope certain people don`t know something that`s about to be released :-S
philanderer
23/11/2016
13:39
23rd nov Barclays equal weight tp 390p

reiterates

philanderer
22/11/2016
17:16
Hopefully priced in for RTN


'Mitchells & Butlers warns of Brexit impact on profits'

philanderer
21/11/2016
13:27
Yep , looking like thursday or friday
philanderer
21/11/2016
13:09
Maybe they are waiting until after the minimum wage announcement on Wednesday
thevaluehunter
18/11/2016
07:35
Nothing this week then.
philanderer
17/11/2016
09:52
Something leaked ?????
philanderer
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