Share Name Share Symbol Market Type Share ISIN Share Description
Restaurant Group LSE:RTN London Ordinary Share GB00B0YG1K06 ORD 28 1/8P
  Price Change % Change Share Price Shares Traded Last Trade
  -2.50p -2.17% 112.90p 2,991,822 16:35:02
Bid Price Offer Price High Price Low Price Open Price
113.40p 113.70p 118.30p 112.60p 115.90p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 686.05 13.93 2.42 46.7 554.9

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Date Time Title Posts
26/3/201920:57RTN With Charts2,469
17/11/201408:01RTN, HILS & PCTN on the menu today.-
09/3/201116:57Restaurant Group133
18/9/200916:10Shareholder perks4

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Restaurant Group Daily Update: Restaurant Group is listed in the Travel & Leisure sector of the London Stock Exchange with ticker RTN. The last closing price for Restaurant Group was 115.40p.
Restaurant Group has a 4 week average price of 112.60p and a 12 week average price of 112.60p.
The 1 year high share price is 334.60p while the 1 year low share price is currently 112.60p.
There are currently 491,496,230 shares in issue and the average daily traded volume is 2,000,340 shares. The market capitalisation of Restaurant Group is £554,899,243.67.
boraki: This is the full article in the mail MARKET REPORT: Takeover of noodle bar chain Wagamama lands Restaurant Group in hot water but is a recovery on the menu? By IAN LYALL FOR THE DAILY MAIL PUBLISHED: 21:51, 25 March 2019 | UPDATED: 21:51, 25 March 2019 It has been a tough six months for backers of The Restaurant Group in the run-up to and following its £550million acquisition of Wagamama. Worries over the strain the deal may have placed on the balance sheet have driven the share price down 100p, or 46 per cent. But as Mark Irvine-Fortescue at City broker Stifel pointed out, transformational bolt-ons such as Wagamama rarely come along at the perfect time, or, indeed, at the ideal price. He reckons the shares will recover, but this relies on a hiccup-free welding together of the popular noodle chain to TRG's existing Frankie & Benny's and Chiquito operation, as well as realising the planned synergies from the merger. The Restaurant Group paid £550m for noodle chain Wagamama driving the share price down 100p, or 46 per cent Irvine-Fortescue is a fan of the 'oversold' stock, which he reckons is worth 170p. Yesterday it was off another 2.1 per cent, or 2.5p, at 115.4p. The Stifel abacus rattler, newly installed at the broker, took a closer look at TRG as part of a deep dive into the hospitality sector. •
sharw: Hampton58 - you used to post as Hurst68 when we had: 11 Apr 2018 No 1 M&A target in the sector 11 May 2018 This is the strongest buy in the sector (On that day the closing price was 266.88 (as adjusted for the recent rights issue) cf 125.7 today) 23 May 2018 Keep buying New shareholders to appear with a holding This is break up no 1 in the sector My friends this will be taken out , great break up story 31 May 2018 Still no 1 M&A target in the sector You now say "The only reason the remaining group of share holders approved the rights issue , was with clear instructions that ceo of Wag should run the show, hence the recent departure of RTN’s CEO". Firstly the departure had nothing to do with that - it was "extenuating personal circumstances". Secondly the approval was a close run thing - as one fund manager put it: " Having pushed through the very unpopular Wagamama acquisition in the teeth of 40% shareholder opposition, CEO Andy McCue decided to leave citing family health reasons. What a legacy. Overpayment for a `transformational' acquisition, loading up on debt, having to signal a cut to the dividend and presiding over a share price that fell from a theoretical ex-rights price of 185.7p on the day before the acquisition announcement to 129.8p on the day of his departure". He went on to say "Management could do a lot worse than pick up the phone to Jane Holbrook, former CEO of Wagamama, with an offer of the top job" which could be what you are latching on to. At the end of the day the simple facts are these - On 6/10/18 before all this blew up the EV of RTN was £628m It bought Waga for an EV of £559m The EV now is £634m So that's a destruction of shareholder value of £553m - so much for your ramping of a year ago.
2wild: Such a great deal share price only down 50%. Wonder what a bad deal would look like.
privileged: i don't get it - it actually went ex-rights 26 November per the offer RNS, but the share price didn't change? Should have fallen down to around 163p by my calculation - maybe a little higher if chance the deal wouldn't get voted through so that would explain the fall today but still seems to be trading 40p too high? Any other views?
sharw: Well, Peel H were right in saying that the price prior to the vote contained a reject outcome premium. More management distraction from turning round the existing business having to go round the institutions begging them to vote for. I find this very sad having bought in a long time ago and watched Alan Jackson (to May 16) and Andrew Page (to August 2014) build the group with the share price responding from 50p to over 700p. Glad I got out.
jrlomax: If this deal was intended to help the share price, do us a favour and scrub it.
tr200g: 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?
jovi1: we will see I bet a pint balito that they will by the end of the year. how do you think share price will react if they do, I know all depend on the deal if it happen, but what your feeling if it happen?
balito1: With Whitbread forced to speed up demerger plans , the sector will be scrutinised for other break up candidates.RTN stands outNorges Bank keeps buying DB holds over 5 % , we will clearly have a warm and sunny May , momentum will pick up in the sector .RTN will most likely pay their last Divi.Management loaded up with out of the money options .Their Gastro pub division measured on a peer group and recent pub IPO valuation , would represent on it's own a significant part of current share price . Buy call options if possible Current management will not last . Strong buy PS keep selling the AUD vs USD
jaknife: Not reflected in the share price? It touched 248p at the start of the week, a price that hasn't been seen for over 20 years and you think that it "isn’t reflected in the SP!"? I'm afraid that if you can't see the evidence that's plainly and obviously right in front of your eyes then there is no hope. JakNife
Restaurant Group share price data is direct from the London Stock Exchange
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