Tasty Share Discussion Threads

[investopia] 30/4/2017 17:45

Being serious and not joking around for a moment (by substituting the name Kaye for Kray, which I thought quite funny in a flippant and random kind of way in my last post -I don't really think Tasty is dodgy, I think the opposite!), yes, I think Tasty is worth more as it stands.

To me, it seems more priced for upside than downside surprise, and even now I'm encouraged by the presence of the Kaye family. All the successful restauranteurs in that family that we know about seem to be either directors, shareholders or both.

[hybrasil] 27/4/2017 17:01

Yeah but it has to be worth at least 90pa share

[investopia] 27/4/2017 16:20

I always did think this one was a bit dodgy, with it having the Kray family behind it and everything.

[investopia] 27/4/2017 16:14

Nice one, hybrasil.

Keep at it, you're driving the price up nicely. :-)

[hybrasil] 27/4/2017 12:18

and again today. Actually now not unhappy with craw as well!

[hybrasil] 26/4/2017 10:08

bought a few more this am .
Hope its not another craw!

[hybrasil] 25/4/2017 14:19

Took the plunge today
I reckon it's another craw and 30% from here should be easily achievable
I accept I could be wrong but I asked my son to go into the convent garden premises and the report was positive

[hybrasil] 21/4/2017 23:37

And still she falls

[jonc] 21/4/2017 22:07

There is a £7m loan to take off that cash!

Besides with this type of company it is profits that give a valuation not turnover. All those lease need servicing come what may.

I reckon there are stores to close and onerous leases to get out of.

[rimmy2000] 21/4/2017 18:22

JonC your price would value the company at about £17m, personally I don't see that, as it would be an absolute steal at this value? cash circa £5m, and revenues of ('14/'15/'16) £29m, £35m, £47m

And you see it worth £17m?

[jonc] 21/4/2017 15:45

45000 at 51p.

Can see this down to 30p soon.

Cannot see any good news emanating from the Company in the near future.

[bookbroker] 19/4/2017 21:12

Just go to Wildwood in Ilkley, most likely cost in the region of £500K to turn it from Burtons to a restaurant, most days it's empty, the bottom could be a good deal lower!

[hybrasil] 19/4/2017 20:10

Where's the bottom?

[paulypilot] 15/4/2017 05:28

Hi LBO,

Good points, well made.

I think we'll possibly have to be patient with TAST, and am regretting buying some shares in it recently.

Having said that, the balance sheet looks alright, and management know what they're doing, so it's the sort of thing I'll just park for a year or two, and should probably do OK.

Regards, Paul.

[rimmy2000] 14/4/2017 11:05

negative write up in yesterdays shares mag, could explain selling yesterday

[lbo] 07/4/2017 10:15

If you believe they can turn it around then the next question is how long and how much more pain will be forced on shareholders. And that's only if you really believe the model is not fundamentally flawed. Fulham shore hit their numbers and Tasty did not. Either way you could easily see things get a lot worse before any chance get they get better at Tasty.

[walbrock82] 07/4/2017 10:14

I like this business because management has a record of past success in the industry. But, I fear the macroeconomics of the restaurant industry and internal company restructuring means this year the company's shares will trade in a range.

Below are some key findings:

1. Annual lease per restaurant is £88k, down from £110k seven years ago.
2. The leasing duration for each chain is roughly 16.7 years. It worked out as annual lease/total operating lease = 6%. So, (1/6% = 16.7)
3. Asset turnover minus cash is stable.
4. External funding since IPO’s admission totals £32m or £3.2m per year.
5. Market valuation is at a three-year low.
6. As management revise that new store openings to seven, it helps reduce capex down to around £6m. Previous guidance of 15 new stores would result in £13m to £14m capex.

Industry Outlook
The Guardian posted a piece stating an accountancy firm cite 5,570 restaurants has a 30% probability of going bust in the next three years.
These contributing reasons are: -
-The UK imports 48% of its food, this leads to higher operating costs;
-The cost of labour is rising from £6.70 to £7.20 in April, with a further rise to £7.50 to take place next April;
-More consumers are in debt; - 48% of borrowers have a credit card which is not cleared in full each month, compared with 39% a year ago.
Although they were valid points, we don’t know how many of them are restaurant goers?

TASTY PLC SHARE PRICE OUTLOOK
This is my opinion:
“The forecast share price of between 40 pence to 80 pence per share.”
For more read article:

[paulypilot] 01/4/2017 01:56

I think Kayes are likely to turn this around. However, they need to get more creative. They're a one-trick pony I feel - opening more & more "me too" pizza & pasta chains, and there's over-capacity now with that format, as other people have latched on to the high margins & replicated the format.

That said, at current valuation, I think TAST might be worth a small punt, so have bought a few more recently. But not going to become a big, or conviction position for me. I'll just hold for a year or two, and see what happens.

Bal Sheet is fine.

Regards, Paul.

[little rascal] 30/3/2017 10:15

I made a few on the way down and hopefully a nice gain on the way up.

[little rascal] 30/3/2017 10:11

Just beginners luck for me.

Hopefully £5k-£6K by tomorrow morning :). I am just of modest means, no hot shot chucking £200K -£1m like many on adfvn.

[che7win] 30/3/2017 09:30

Worth 60p imho

[little rascal] 30/3/2017 09:01

Name of the game short high

then reverse in the lows

[little rascal] 30/3/2017 09:00

80p by tomorrow I suspect.

[little rascal] 30/3/2017 08:37

Reversed short

I took a dabble here yesterday. Got in the technical bounce.

see how it pans.