Tasty Share Discussion Threads

[eastbourne1982] 28/3/2017 10:05

Yes, I agree with you, despite big drop today there doesn't appear much value at 80p, also sentiment is going to be very weak short / medium term, I can see these drifting lower and lower.

[che7win] 28/3/2017 10:01

East,
Unfortunately this is meant to be a growth stock, they have slowed roll out and announced a profits warning, this year similar to last year.

After previous results exceptionals which I allowed as a one off, it's all turning a bit sour.

Without the growth, fair price is lower than here IMHO :-(

[eastbourne1982] 28/3/2017 09:27

Slow death to 50p ??

[che7win] 28/3/2017 08:05

I sold at open.

[masurenguy] 28/3/2017 08:01

Preliminary results for the 53 weeks ended 1 January 2017

· Revenue up 28% to £45.8m (2015: £35.8m)
· Gross profit up 26% to £5.3m (2015: £4.2m)
· Headline operating profit before pre-opening costs/non-trading items up 21% to £4.8m (2015: £4.0m)
· Thirteen Wildwood and Wildwood Kitchen restaurants opened during the period
· Since the year end the Company has opened a further two Wildwood sites and there are a further two Wildwood sites that are due to open imminently
· Trading since year has proved challenging and the Directors are now expecting headline operating profit for 2017 to be below that achieved in 2016

During the year the Group undertook a comprehensive review of its estate and has recognised impairment charges against a number of sites. Turnaround strategies have been implemented at these sites in an effort to bring performance of these restaurants in line with the rest of the estate. Overall, the Group traded in line with expectations. After taking into account all non-trade adjustments the Group has a stated loss after tax for the period of £848,000 (2015 - profit £2,467,000). At the end of the period the Group operated 61 restaurants. Currently, the Group has 63 restaurants in operation - 7 Dim T and 56 Wildwood.

Post year end trade has been below expectations and the Directors believe that the trading environment for the coming 12 months will remain challenging. As a result, the Group has revised down the planned number of openings for the current year from 15 to 7 and expects that headline operating profit will be below that achieved in 2016. The Group is undertaking a full review of the estate and operational structure and is implementing a number of strategies to improve performance. The Directors believe the Group's core 'Wildwood' brand remains attractive to customers and the Group is taking positive action to address the expected financial performance and ensure growth in the future.

[lbo] 28/3/2017 07:29

Should be investigated how the market knew before today"Trading since year has proved challenging and the Directors are now expecting headline operating profit for 2017 to be below that achieved in 2016"

[jonc] 28/3/2017 07:22

Growing pains or something more serious?A profit warning never the less.

[investopia] 10/3/2017 09:15

I agree, che7win. It's hard to justify these being below the placing price, although I do think the 145p level could halt the upwards momentum we are seeing now for the time being. At least until we get more news from the firm, perhaps.

[che7win] 09/3/2017 14:33

The share placing in November had directors and institutions lapping these up at 145p.

At todays share price, it compares very favourably with the likes of RTN, FUL, even CAKE.

Forward P/E around 15 and PEG 0.5, 30% growth assumption this year.

[che7win] 09/3/2017 14:14

Makes sense.

[investopia] 09/3/2017 12:39

First pause around 130 and then 140 maybe?

[che7win] 07/3/2017 15:12

Nice, bottom in?

[che7win] 02/3/2017 13:34

Been liking the falls, I'll have some back after selling these last year.

[investopia] 02/3/2017 10:01

Looking over-sold here to me.

No room left in pants so time to fill boots?

[lbo] 16/2/2017 15:41

Restaurants Face Brexit, Taxes and Pound in 2017http://www.bloomberg.com/news/articles/2017-02-16/london-restaurants-face-brexit-taxes-and-pound-in-2017

[che7win] 15/2/2017 19:54

I make it around forecast P/E 15 now, with 2016 earnings around 6p.

[draytonpark] 15/2/2017 17:45

What level does the Sp have to reach before we have a P/e of 15?

[che7win] 15/2/2017 17:15

P/e 15, it's getting there

[masurenguy] 08/2/2017 16:49

On my Watchlist. Now down by 11% against the recent placing price of 145p !

[che7win] 03/2/2017 15:20

All good here LBO :-)

I don't own these, having sold in the 180's, but on my watchlist.

[lbo] 03/2/2017 14:47

So much for the zero discount!

[jonc] 18/1/2017 11:36

Not sure where this will end.

It is quite illiquid and there are clearly worries regarding input price rises and increased minimum wage costs.

The worries may be groundless though which at some stage will make this a buying opportunity.

[lbo] 09/11/2016 10:33

Market showing a discount