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SUR Sureserve Group Plc

124.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sureserve Group Plc LSE:SUR London Ordinary Share GB00BSKS1M86 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 124.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Sureserve Share Discussion Threads

Showing 76 to 98 of 2475 messages
Chat Pages: Latest  15  14  13  12  11  10  9  8  7  6  5  4  Older
DateSubjectAuthorDiscuss
09/1/2002
23:24
Yeah Wetherspoons are good old spots....the last time I was down there
I went to one by Holborn Tube....used to go to The Princess Louise near
Holborn tube as well.

My cousins and aunt/uncle live in Reading...long time since I been down
Broad St.

You get 20% off Belgo/Strada with a shareholders card...got mine same time
as I got the Signature certificate.... guess you guys have Nominee accounts
... if so I'm not sure how you go on....maybe they got to be registered in
your name to qualify...in which case make your next purchase a certificated
one.

I've got to change to a Nominee.... TD Waterhouse upped commission rates
and besides I'm dealing more often now and all the cheap offers require
a Nominee.

Pity as I've been rang back several times by Directors after enquiries
... got the impression they looked on the shareholders register first
to confirm I was a shareholder....picked up some great info talking to
Directors at T.Clarke and Chieftain where I also hold...dunno if they'll
speak to me if I dont appear on the register.

Marty I'm from Walton.... good to see another local on the boards...Santa
is one of us as well.

Cheerio boys..... Jeff H

jeff h
09/1/2002
22:48
Jeff H, Where in Liverpool r u from. Thats where Im from too. How did you get hold of your shareholders discount card???
martybuffet
09/1/2002
19:24
AKC being a Northern guy I dont get down to London that much,
but I'm hoping to use my Shareholders Discount Card in the
not too distant future and try out a Strada (Santa do you fancy
it?).

I thought the Freedom beer prices were expensive!.... £3.15 for a
pint of their own stuff.... here in Liverpool you can still find
£1 a pint places, and a chain of boozers of the local brewery knock
out 5% Faxe (a Danish lager...they own Cain's the local brewer) for
£1.80 a pint....still that's London for you

Regards Jeff H

jeff h
08/1/2002
22:13
Adding service charges to bills is bad for business. That really annoys me. Tips should be serving staff only as an incentive to do a good job. I had a very poor meal at a bar called The Lavender along Vauxhall Walk near Vauxhall tube station last Friday and they did the same. I gave them my credit card and they came back with the service charge inclusive amount ready for my signature. I refused to pay it and they gave me the difference back in cash after asking if there was anything wrong with the service. First they served up a Thai green curry with 6 small prawns in their shells with runny sauce and nothing else in it. When I complained to the waiter he said "I didn't cook it". I asked to swap it for steak which turned out to be tiny, fatty and full of gristle. Don't go to The Lavender whatever you do. I might try Belgo Centraal next time I'm in Covent Garden. I've been to the Freedom bar 3-4 times. I like the decor and the drinks are excellent value. The bar food isn't bad either.
akcampbell
08/1/2002
20:54
I've been to Belgo Centraal in Covent Garden.
I actually had a nice chicken meal in there rather
than 'moules et frites'.... the Belgian beer was nice
but expensive.

It's a theme restaurant, but still popular, there's a bar
that brews its own beer opposite (Freedom I think), which
is popular with parties etc, so I'd expect people visit both
venues.

The one thing I didn't like is that a Service Charge was
automatically added to the bill

jeff h
08/1/2002
20:50
Thank you very much AKCampbell. You clearly know what you are talking about. You have convinced me to buy some more.
Thanks again for the intelligent reply my friend!

martybuffet
08/1/2002
12:43
I go to the Islington and Burlington Street (off Regent Street) Strada occasionally. I rate Strada highly. That's what made me research Signature after the last profit warning. Strada is about £1-2 more expensive per meal than Pizza Express and Ask Central but I think it offers £5 more value. Strada pizza's are 30% bigger than Pizza Express and are cooked in a wood fired oven which makes them taste more authentic. Strada ingredients are imported from the Amalfi region in Italy. I don't rate Pizza Express, PizzaLand, or Ask Central. The portions are tiny, the pizzas are wafer thin and the food just doesn't taste Italian. My girlfriend is Italian and her mum is from Amalfi and she doesn't mind Strada which considering what she's used to is a compliment. Strada raises the standard for affordable High St Italian food. It doesn't beat an above average family run Italian restaurant but you know what you are getting and that's a much better deal than at Pizza Express, Pizzaland, Pizza Hut and Ask Central.

The original Signature restaurants; Le Caprice, J Sheekey and The Ivy are difficult to beat. I haven't read a bad review about them in restaurant guides. The only negative comments I have heard is that The Ivy is pricey and difficult to get into which isn't a bad thing from a shareholders point of view. I don't know much about Bierodrome or Belgo other than they serve Belgian food like mussels and chips and expensive Belgian beers. The other group of restaurants are Daphnes, Bam Bou, Pasha and The Collection. I haven't read any bad reviews of those either. I paid the equivalent of £13m for Signature which as somebody pointed out is what Belgo Group paid for Le Caprice, The Ivy and J Sheekey in 1998. In normal market conditions restaurants Groups would be worth 1-1.5 times revenue which would value Signature shares between 100p-150p. My 18 month target price is 50p.

What I like about Signature is that it is dirt cheap on a forward profit after tax multiple of 7, Strada and the high end restaurants are trading robustly is spite of the downturn, 2/3 of the shares are held by institutions and Directors, and Luke Johnson has proved he can grow restaurant groups from when he and Hugh Osmond ran Pizza Express.

akcampbell
07/1/2002
23:09
Just as an outsider, I bought in at 32p, small investment to you lot but £2000 to me is a lot...anyway, what I was wondering, have any of you guys eaten at any of these restaurants, was it good, and would you go back?
Pretty daft & simple questions but once Ive done my figures, I want to see if the product is exceptional before I gamble any more money???

martybuffet
06/1/2002
21:45
Good bit of info that NEM on the holdings
..... where did you glean this from ??

jeff h
06/1/2002
10:11
Akc,
My apologies for not including your 0.5% stake in my calculations,as this entitles you to major shareholder status alongside "other directors".:-)

Take your point about chasing the stock higher and limiting the downside by buying in the low 30's,although, your post implies that you are still expecting the price to rise substantially from these levels to around the 50p mark within the next 18 months.What i am wondering is,considering that this stock is so closely held,where is the stock going to come from to drive the price down to the low 30's.As you point out there has been very little retail interest shown in the stock since the profit warnings,so it would have to be institutional selling driving the price down.My question is why would Kintaro and Park Columbia, et al have bought in to bale back out if trading had not improved.
Like us,they are bottom fishing and i would suggest will not be impatient to make a handsome return on their money.They are also aware that the price that they have paid is underpinned by SUR's fundamentals.
One other thing, considering Belgo paid £13.1m for The Ivy,Le Caprice and J Sheekeys in 1998 and this division of the business continues to trade pretty robustly would £10m really be a fair value for the residual interests of the Group, if Strada were to be removed from the equation.

NEM

nemesis
06/1/2002
02:38
I haven't bought anymore. Still hold the 192,000 I bought at 32.5p. I'd buy more but only in the low 30s. Chasing stocks up is risky in bear markets after 2 profit warnings. I'd rather kick myself for not buying more if they doubled from here but pat myself on the back for buying immediately after the last profit warning when nobody wanted them. That way if I get proved wrong and they issue another profit warning I will minimise my loss and still have more ammo to average down. Having 4 investors holding over 5% and 2 holding over 10% is a huge bonus for such a low market capitalisation stock. Usually ownership structures disintegrate after price collapses and Directors end up being the only investors holding over 5%.

The upside of the ownership structure is that Luke J won't be able to pick Signature up on the cheap via an MBO. I'm surprised Luke J didn't buy more himself when the price was in the low 30s. From what I have read about him I'm surprised he has settled for being the 7th largest shareholder of a company he's Chairman of. If I was him I'd offer my resignation and £10m for Strada. Strada is the jewel in Signature's Crown. We could flog the rest off for £10m and end up with a 50% premium to the current market capitalisation. That would pay my mortgage off so I'd vote for it. I'm sitting on a £4,750 profit and can't see me not adding £25,000 to that within the next 18 months. Lucky restaurants don't appeal to retail bottom fishers and £14m market capitalisation companies are off the radar screen of institutions with analysts who know what they are doing otherwise making money here would be more of a gamble than a certainty.

akcampbell
05/1/2002
18:43
Nice informative posting NEM.
Good luck

Santangello

P.S : I am about to top up myself, even at current levels.
Surprises me that 1p difference would put you off piling into a solid stock like SUR......which is heading North.

santangello
05/1/2002
14:35
Major Shareholders ( 4 Jan 02): 41.13m 20p Ords - Kintaro Int Plc 14.01%, Littledown Nominees Ltd 10.82%, Park Place Columbia Ltd 9.00%, Chase Nominees Ltd 6.31%, RBSTB Nominees Ltd 6.10%, Nortrust Nominees Ltd 5.38%, Mellon Nom (UK) Ltd 3.73%, Christopher Corbin 3.16%, Ireland Resources Intl Ltd 3.13%, L O Johnson 4.79%, Other Dirs 0.60%.

Just been running my eye over the major shareholders.This is a very closely held stock with 67% of the company in the hands of the major shareholders.
It was interesting to see a 25k buy earlier in the week when the offer was moved down to 36p.This stock is still being accumulated by interested parties who are attempting to buy on any dips.I must admit i was seconds away from adding to my holding when the offer was 36p but was pipped by the 25k buyer.
As most of the contributors to this thread are aware SUR are inordinately cheap at this level.
When we return to more favourable times a valuation of 1.5x turnover would be a fairer estimation of their worth.This would give a market cap of £57million and an implied share price of 4x yestedays closing price.The September 11th factor is also still built into the price,although the broader market has discounted the risk and impact of this event.It is well to remember that people have very short memories and that Tourists will return to London and SUR will be a major beneficiary when they return.I suspect that a bid may come long before the share price gets to anywhere near its previous highs.Predators are circling.

regards

NEM

nemesis
03/1/2002
18:55
Good announcement from Ask Central today.
Seems Jo Public cannot get enough Italian food down their necks.
Expect the sector (especially Sig) to benefit from positive news like this.


All the best,
Santangello

santangello
29/12/2001
12:28
I agree! Its a strong, sound business and 2002 will see a lot of full tables in the Signature Grp! Put your faith in Luke, Id trust him with my money any day of the week!
martybuffet
28/12/2001
15:32
Some tree shaking today.....
Let the fun commence.....all those with no brains/balls bail out.
Smart guys and the well informed stay put.

Everyone ready for the game,
Let's begin.

santangello
27/12/2001
14:30
Moving up again !!
99
20/12/2001
22:05
Blo,

Confucious say "patience is a virtue".

Enjoy the festive period, relax, read all the new year tips in the press(almost certainly Sig will get a mention), just to ease the New Years day hangover.

The post-Christmas credit card bill and the overdraft will all be settled courtesy of Mr. Johnson in good time.

Bid marked up today on sells only ?
Any comments on that ( I know it was only a quarter, but it all adds up !)

Santangello

P.S
Jeff H, if you fancy a drink down my way soon, let me know.
We could meet up with John if he's back in the country ????

santangello
20/12/2001
16:30
Sant,

Yeah, I know, I am just a bit jaundiced at the moment because I am holding several shares that I just know are going to do something soon - trouble is none of them are doing it now!!!!

I guess I should just put it down to the time of the year.

bloolee
18/12/2001
14:23
Blo,

Surely you must beleive something will happen sooner rather than later ?

Give Luke a chance for his latest cheque to clear, let him digest his turkey and pudding........and to make a New Years resolution to put one over on his "friend" and to enter 2002 with a positive announcement.

Don't fall out the tree in this lull period, you have seen enough information on this board alone to stay in for the interim, and note the bid price is moving (albeit slowly) North.

santangello
18/12/2001
13:18
I confess to having become a little bored. Hope we have some action in the new year. Otherwise I may as well have booked a table at the Ivy once in a while - at least that way I would have got something for my money.
bloolee
18/12/2001
01:31
Jeff,

Didn't see the article buddy.
Can you expand upon the nine words within your last posting, as I didn't see the article.
What significance do you think this has on Lukes position now ?

C U soon,
Santangello

santangello
16/12/2001
17:03
Osmond now out, selling at a small profit
(Sunday Mail)

jeff h
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