Restaurant Share Discussion Threads

[philanderer] 30/1/2017 13:37

Interesting ...


'Tesco’s Booker buy could help restaurants'

[thevaluehunter] 30/1/2017 10:15

The uk cinema admission stats for Q4 2016 vs Q4 2015 could explain the large drop in LFLs in the final quarter vs Q3 for the leisure sites.

hxxp://www.cinemauk.org.uk/the-industry/facts-and-figures/uk-cinema-admissions-and-box-office/monthly-admissions/

[opodio] 28/1/2017 16:59

may retest 230p

It also warned that it would face external cost pressures from increases in the National Living Wage, the National Minimum Wage, the Apprenticeship Levy, the revaluation of business rates, higher energy taxes and increased purchasing costs due to the combined effects of a devalued pound, and commodity inflation.

IF DIVIDEND CUT THEN 190P

[philanderer] 28/1/2017 10:42

And if the dividend is cut to help pay for this dreadful past mismanagement there will be a bloodbath . Fingers crossed it stays.

Off to see the mighty QPR smash Burton Albion then on to the High Llamas concert.

Good weekend everyone :-)

[alex1621] 28/1/2017 09:03

Generally, it refers to venues opened at least 12 months prior to the reporting date, which might exclude a refurbishment if it is for a long period, but not a short period ... and over the restaurant estate this would not amount to much. The like for like were poor ... I'm not sure you can pin that on a new CEO, let's see what his plans are in March, perhaps a bit of kitchen sinking.

[thevaluehunter] 28/1/2017 00:24

Hi, does anyone know what the RTN definition for like for like sales is? Specifically does a small refurb (i.e. closure for say less than 1 week or so) mean that a site stays in the L4L group or does it come out - I think definitions may differ between companies? Could the large LFL decline in Q4 be driven by lots of existing site refurbs? Looking back from the trading updates I calculate Q3 was c-1.6% so a bit surprising to see the % decline by so much in Q4 given that peach was better in Q4 vs Q3. Alternatively maybe new board just lack experience within the restaurant sector.

[opodio] 27/1/2017 21:06

may retest 230p

It also warned that it would face external cost pressures from increases in the National Living Wage, the National Minimum Wage, the Apprenticeship Levy, the revaluation of business rates, higher energy taxes and increased purchasing costs due to the combined effects of a devalued pound, and commodity inflation.

[philanderer] 27/1/2017 20:43

Buy: Restaurant Group (RTN)

Analysts downgraded Restaurant Group’s numbers, but there is optimism about new chief Andy McCue’s ability to change things.

[philanderer] 27/1/2017 13:23

Chartwise looks as though 259p will have to be tested .

No support at all.

At 284p on unchanged dividend, yield is 6.1%

[philanderer] 26/1/2017 23:38

Just read through the WTB report out today. They`re struggling with their Beefeater chain as well. They`re going to try refurbishment and a healthier options menu.

Lots of problems and competition out there trying to keep growth going from eating out.

[opodio] 26/1/2017 21:47

may retest 230p

It also warned that it would face external cost pressures from increases in the National Living Wage, the National Minimum Wage, the Apprenticeship Levy, the revaluation of business rates, higher energy taxes and increased purchasing costs due to the combined effects of a devalued pound, and commodity inflation.

[philanderer] 26/1/2017 20:28

Maybe we can get some cash for them now rather than just sitting there empty doing nothing ;-)

I hope Cinven are still following the mess we`re in.

[adobbing] 26/1/2017 20:19

"The restaurants on sale have already closed and are not trading."

[philanderer] 26/1/2017 19:54

The Restaurant Group puts 23 sites up for sale

Casual dining giant The Restaurant Group (TRG) has put 23 of its sites under a variety of different brands up for sale.

The move comes just a few days after the firm unveiled a 5.9% drop in its Q4 like-for-like sales and admitted that it needed to make “substantial price and proposition changes”.

The restaurants on sale have already closed and are not trading.

The units are available on an individual basis and comprise a mix of former Frankie & Benny’s, Chiquito, Joe’s Kitchen, Coast to Coast, Garfunkel’s and Filling Station restaurants, some of which are in major retail and leisure parks, shopping centres and roadsides. They are being sold with existing planning and licensing consents.

The full list of properties for sale includes:

1. Filling Station, Aberdeen
2. Chiquito, Barking
3. Frankie & Benny’s, Barrow in Furness
4. Frankie & Benny’s, Bath
5. Chiquito, Blackburn
6. Chiquito, Cardiff (Old Brewery Quarter)
7. Chiquito, Cardiff (Red Dragon Centre)
8. Chiquito, Chelmsford
9. Frankie & Benny’s, Coventry
10. Joe’s Kitchen, Derby
11. Frankie & Benny’s, Gateshead
12. Chiquito, Glasgow
13. Chiquito, Hamilton
14. Frankie & Benny’s, London Finchley Road
15. Frankie & Benny’s, London Greenwich
16. Garfunkel’s, London Strand
17. Chiquito, Milton Keynes
18. Coast to Coast, Newcastle Upon Tyne
19. Joe’s Kitchen, Nottingham
20. Frankie & Benny’s, Redhill
21. Frankie & Benny’s, Stafford
22. Coast to Coast, Wembley
23. Frankie & Benny’s, York

[sharw] 26/1/2017 16:46

The best bit of yesterday's alphaville (with thanks to philanderer for bringing it to our attention) was the detailed analysis from Liberum in which they demonstrate how the woes stemmed initially from a catastrophic menu change in August 2015 (the staggering thing is how the previous management failed to pick this up until it was too late). This took me to look at reactions to the main announcements since the menu change - see below. After the euphoria over the change of management we are back to the reality that they cannot turn this round overnight. In their own words they "anticipate momentum improving towards the end of this transitional year as our initiatives start to take effect".

12/11/15 Trading 672.5 -28 -4%

14/1/16 Trading 522 -116 -18%

9/3/16 Prelim. 420 -123 -23%

29/4/16 Trading + CFO given the boot 275 -99 -36%

13/8/16 CEO Danny Boy given the boot 418 +41 +11%

26/8/16 Interim 422 +15 +4%

Yesterday trading 300 -46 -13%

[imranawan] 26/1/2017 16:41

Thanks Philanderer.

Mostly large caps I see.

[philanderer] 26/1/2017 16:13

imranawan , I'm holding twenty three at the moment plus a FTSE100 short position.... had a punt on BT.A yesterday....


LON:ABF LON:BAG LON:AVON LON:AZN LON:BA LON:BATS LON:BRBY LON:BT.A LON:BVIC LON:CTEC LON:DLAR LON:DOM LON:GNK LON:GSK LON:HILS LON:IMB LON:MERL LON:MKS LON:PLP LON:RTN LON:SKG LON:SMIN LON:SSPG

[imranawan] 26/1/2017 15:47

Out of interest what other stocks are you holding Philanderer? Agree it could well be dead money until the finals are issued. I don't have a position but they are on the w/list.

[philanderer] 26/1/2017 14:59

Some chart support at 285p , then down to 256p.

Could be dead money until march results and finally plans for F&B's.

[essentialinvestor] 26/1/2017 09:38

Mentioned in November it may pay to be cautious on the sector
The longer term supportive trend is capacity will be stripped out
with weaker operators retrenching as the consumer remains under the cosh.

The longer term structural challenge, rather than cyclical, is the growing trend of
food for home delivery and eat in- that will never replace an eating out experience but
is competition for the £££;.

[jm2009jm] 26/1/2017 07:35

phil... those pics are awful... u do not have to post them please.
everyone knows the "food" at f&b is complete trash, thanks.