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TAST Tasty Plc

1.15
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tasty Plc LSE:TAST London Ordinary Share GB00B17MN067 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.15 1.00 1.30 1.15 1.15 1.15 0.00 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Eating Places 44.03M -6.43M -0.0440 -0.26 1.68M
Tasty Plc is listed in the Eating Places sector of the London Stock Exchange with ticker TAST. The last closing price for Tasty was 1.15p. Over the last year, Tasty shares have traded in a share price range of 0.95p to 3.75p.

Tasty currently has 146,315,000 shares in issue. The market capitalisation of Tasty is £1.68 million. Tasty has a price to earnings ratio (PE ratio) of -0.26.

Tasty Share Discussion Threads

Showing 626 to 650 of 650 messages
Chat Pages: 26  25  24  23  22  21  20  19  18  17  16  15  Older
DateSubjectAuthorDiscuss
09/4/2024
15:18
Restructuring plan in place, expensive debt and potential dilution, 20 loss making sites.

Ouch.

tabhair
05/10/2023
12:40
Very sour taste and prognosis probably getting sourer.
pugugly
06/9/2023
10:23
Upgraded FY outlook for RTN.

Read the runes.

TAST is on the road to recovery.

crescenter
04/9/2023
15:24
Less than two weeks until the interims show steady progress on the path to recovery.
crescenter
04/8/2023
07:27
Well that flurry of activity looked like an organised pump and dump.

I don't use LSE or III. Was it on one of those boards?

crescenter
02/8/2023
21:07
It is my understanding that the company knows no more about the reason for today's spike in price than I do i.e. nothing. So there is no point shareholders contacting the company to ask for their explanation as you likely won't get much more than 'more buyers than sellers'.

Asagi (long TAST)

asagi
02/8/2023
13:11
Get out speeding ticket now coming as i have forced on from them
roberth176
02/8/2023
12:30
I hope not unless it as at 20p +
crescenter
02/8/2023
12:19
maybe a bid coming.
balcony
19/7/2023
08:22
Encoraging to note the continued ,omentum in the RTN trading update.

Almost certainly this will have been replicated by TAST on its path to positive cashflows and profitability.

Strong buy at these levels.

crescenter
09/6/2023
14:29
It's casual dining business with all the trials and tribulations that go with that.

Up until 2016 they were on a roll, probably expaned too quickly with suboptimal sites, but 2017 saw significant industry wise head winds(RTNs trading updates from that time mirrir those of TAST).

Then of course they and others then of course they were blown completely of course by covid and the impact of the Russian invasion of Ukraine.

Time will tell but I'm backing them as a recovery.

crescenter
06/6/2023
22:23
I'm a bit bored tonight so I took another look at the results. I still think these are headed for insolvency. The net cash figure looks impressive and gives the illusion of a margin of safety but they actually have net current liabilities. I know these sort of businesses have the advantage that they get credit from their suppliers whilst their customers pay on the spot but what if their suppliers get nervous and demand different payment terms?

The staff costs have skyrocketed presumably due to the big increase in the minimum wage, whether they can increase their prices enough to recover this extra cost without losing business remains to be seen.

I did see an article somewhere recently (can't remember where) stating that much of the casual dining sector was unprofitable and that the whole sector was facing a bit of an existential crisis.

Looking at the P&L this looks like it has always been a fairly poor business and given the particular difficulties facing them at the moment I don't see any reason to believe things are going to get any better for them this year.

arthur_lame_stocks
17/5/2023
08:45
A few aella dripping through so we may see a tick down.


Foolish sellers.

crescenter
12/5/2023
18:31
The rearate is underway.

Look foward to 20p in the next 18/24 months.

crescenter
12/5/2023
09:06
All quiet here although recent buys have seen L2 strengthen with all MMs on the bid and only one on the offer.
crescenter
04/5/2023
12:21
Yes that was my view at one time but for the reasons I outline above I am no longer of that view.

Thank you for your your input though and bringing the thread to the top.

Every little helps.

crescenter
04/5/2023
11:58
I reckon these will go broke in eighteen months time.
arthur_lame_stocks
04/5/2023
11:20
TAST is much smaller and more nimble than RTN.

TAST has cash that is greater than its market cap while RTN has debt that is 450% greater than its equity.


TAST offers a much greater opportunity for capital appreciation as the market for dining continues to improve into April(as per RTN TU)

crescenter
04/5/2023
11:17
The Restaurant Group issued a trading update on May 2nd which reiterated what TASTs BoD has said:

TIDMRTN

RNS Number : 9836X

Restaurant Group PLC

02 May 2023

The Restaurant Group plc

The Restaurant Group plc ("Group" or "TRG")

Encouraging trading momentum through the first four months of the year

TRG today provides a trading update for the first four months of the financial year :

-- Current trading continues to be very encouraging
-- Good progress on cost saving initiatives delivering c.GBP5m of incremental cost savings on an annualised basis

-- The combination of current trading and incremental cost savings achieved provides confidence that TRG is tracking ahead of management expectations on its medium-term margin accretion and deleveraging plans

Very encouraging trading momentum continues into the second quarter

crescenter
04/5/2023
11:09
In sis of the seven locations Prezzo and Wildwoods are very close together. Whilst there are other players in the localaities it should drive trade to Wildwoods(as well as the others)
crescenter
02/5/2023
09:51
Not forgetting that input prices are now on a downward trajectory assisting margins.
crescenter
02/5/2023
09:16
Seven of the Prezzo restaurants that are closing were competing against Wildwoods.

I am only familiar with one location but in that location which is a tourist destination I would expect a significant increase in the Wildwood footfall.

I will resaerch the other six and ascertain releative locations to each other.

I certainly expect these closures to be revenue accretive for Wildwood.

crescenter
20/4/2023
13:11
The headline loss is £6.4m which was greater than the market cap so I agree that doesn't look good.

Howeer the accounts are stuffed full of noncash adjustments and IFRS nonsense so being old fashionned I prefer to focus on cash.

Net cash reduced from £9.8m to £7.0 after the repayment of a £1.25m bank loan.

So an accounting loss of £6.4m translates in to a reduction in cash after loan repayment of £1.55m leaving significant headroom for the company to recover.

The BoD have always run a prudent balance sheet impairing assets where applicable.

So I am confident that this will multibag over my 12/24 month horizon.

crescenter
20/4/2023
00:52
"the full year results were not as bad as the figures indicate"

Err.., so how bad were they then?

glavey
19/4/2023
13:21
I long thought this would go under or be taken private by management but as Asagi says above the full year results were not as bad as the figures indicate.

Since the results I have purchased a few and see this five or ten bagging over a two year timeline.

Head winds are receding and profitability will return.

crescenter
Chat Pages: 26  25  24  23  22  21  20  19  18  17  16  15  Older

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