Tasty Share Discussion Threads

[mrphil] 07/5/2019 14:38:30

Is it just me, or is it impossible to find the Annual Report on the website? There is the announcement that the Annual Report is available on the website but where is it, am I missing something?

[mrphil] 03/5/2019 08:41:28

Open offer shares now showing in my account. As expected, got around 95% of the extra ones I asked for.

[mrphil] 01/5/2019 16:44:56

PUGUGLY - yes I spotted that, so in theory we should get around 95% of anything requested over and above entitlement.

I've been to our local DimT a few times and it's always been good. Went to a Wildwood for the first time last week and ended up pleasantly surprised at the excellent service, good quality of the food and the reasonable price. Bit of an issue with the background music which did suddenly increase to an uncomfortable level for a while, which the staff said happens automatically although I have to say that sounded a bit odd! If our local restaurants are anything to go by, they should continue to do well as long as they keep up offering a good overall experience.

[pugugly] 01/5/2019 15:49:31

Minimum scale back under he open offer - imo if I am reading correctly -
"This represents 104.5 per cent. of the maximum Open Offer Shares available under the Open Offer." So only 4.5% over -

[mrphil] 01/5/2019 14:47:32

tabhair - The announcement says the open offer was oversubscribed so what do you mean by take up being very poor? "Applications under the Excess Application Facility will therefore be scaled back in accordance with the terms of the Open Offer." I requested more than my entitlement but not sure yet how many I got.

[tabhair] 29/4/2019 20:37:10

This is what my broker told me when I called.

[grahamburn] 26/4/2019 20:37:51

How do you know that - or rather how did "someone" know that - when the Open Offer hasn't closed yet?

[tabhair] 26/4/2019 16:39:44

Take up for the Open Offer was very poor. I have a tiny position in this from over a year ago and was naturally only allotted a handful of shares in the Open Offer. I talked to someone about how much could I oversubscribe and was told I could get as many as I wanted.

[totalgeek69] 24/4/2019 23:04:20

I've taken up mine... Not much though so not too worried... Better than a pig in a poke...

[grahamburn] 24/4/2019 19:31:20

Anyone taking up their basic entitlement in the Open Offer (closing date tomorrow with my broker)?

If so, anyone thinking of excess entitlement application to try to reduce the effect of significant dilution from the Firm Placing?

Or is everyone passing due to uncertainty for the business?

[tabhair] 12/4/2019 11:07:52

Painful capital raising at a very low price, but at least management are diluting themselves.

Assuming the scheme passes, there will be 141 million shares outstanding. At a current share price of 5p, that gives us a market cap of £7M. Company will be in a net cash position of £1M.

The big question is what sort of operating margin can this business generate going forward. Historically, it was about 10%. If this could even get back to a 2% operating profit margin, the current valuation would appear attractive.

[letmepass] 12/4/2019 07:10:18

Ouch 4p. Newtothegame3 was buying

[ken chung] 11/4/2019 09:31:16

Awful wide spread locking in the lemmings and mushrooms s.Still a fine short.

[bookbroker] 11/4/2019 09:25:21

Pizza very much y’day, only got to see how Pizza Express trading, losing money for their VC operator’s, Domino’s not exactly booming these days.

[tabhair] 22/3/2019 14:42:52

It's this bit in the commentary that would worry me.

"Trading over the Christmas period was positive, though the uncertainty of Brexit has meant that 2019 has started slowly."

H1 2018 was awful, so for management to talk about 2019 starting slowly is extremely concerning as LFL's are already on the floor. Additionally, is Brexit really a very good excuse for poor trading conditions? These guys are selling cheap pizza and pasta, not property or expensive large capital goods. The proposed capital gives a clear incentive for management to keep the share price low to gain greater control of the company.

[mrphil] 20/3/2019 14:21:52

I see the last buy went through at a slightly lower price although the bid has increased. Still far more buys than sells so clearly plenty think this drop is overdone.

[totalgeek69] 20/3/2019 12:35:31

The title should read "Investors are clearing up tasty.... "

[totalgeek69] 20/3/2019 12:33:51

Investors clearly are not deserting at this price... Today so far 660000 buys as opposed to only 60000 sells...

[lbo] 20/3/2019 11:47:58

https://www.proactiveinvestors.co.uk/companies/news/216827/investors-desert-tasty-as-it-swings-to-a-loss-and-warns-therell-be-no-improvement-in-2019-216827.html

[totalgeek69] 20/3/2019 09:22:30

Well I have topped up... Results are pretty bad but as expected...

Loss of £367k before exceptionals..

Market Cap of £4m with 58 restaurants.

£4m cash in the bank to pay down debt due this year I presume so remaining debt will be down to £3m looks like it might just pull through....

I had a meal in one of their restaurants last night. Quality has improved and it was busy for a Tuesday night.

In my view our country will start to sort itself out now (hoping!) and we can all go back to eating out and enjoying ourselves after the last two gloomy years...

[totalgeek69] 18/3/2019 14:27:38

Interesting volume today... 10000 sell and it goes down then 70000 buys and it doesn't budge... Results due soon....

[lbo] 19/12/2018 06:17:07

https://www.bbc.com/news/business-46571992

[totalgeek69] 18/12/2018 10:18:11

Also LBO.. In answer to your previous post 28Nov.. Why aren't the directors buying... Because they already hold quite alot of shares and do not need to buy until the upsides are nearby...


Directors Holdings Shares Percentage
Sam Kaye 10,750,589 17.99%
Adam Kaye 7,236,559 12.11%
Jonny Plant 4,154,579 6.95%
Keith Lassman 333,185 0.56%

[totalgeek69] 18/12/2018 10:10:44

Thanks for highlighting that the competition have capitulated LBO. Puts chains like Tasty and FUL well placed to benefit from the upside after Brexit.