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 Shares Traded Last Trade
  0.00 0.0% 2.60 119,449 07:35:47
Bid Price Offer Price High Price Low Price Open Price
2.50 2.70 2.60 2.60 2.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 44.57 -0.27 -0.23 4
Last Trade Time Trade Type Trade Size Trade Price Currency
15:28:05 O 18,707 2.63 GBX

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Date Time Title Posts
05/8/202010:59Tasty for some520

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Tasty (TAST) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-08-07 14:28:052.6318,707491.99O
2020-08-07 12:41:502.5025,000625.00O
2020-08-07 07:10:162.6375,7421,992.01O
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Tasty (TAST) Top Chat Posts

Tasty Daily Update: Tasty Plc is listed in the Travel & Leisure sector of the London Stock Exchange with ticker TAST. The last closing price for Tasty was 2.60p.
Tasty Plc has a 4 week average price of 2.25p and a 12 week average price of 2.13p.
The 1 year high share price is 4.75p while the 1 year low share price is currently 1.25p.
There are currently 141,089,758 shares in issue and the average daily traded volume is 161,901 shares. The market capitalisation of Tasty Plc is £3,668,333.71.
tabhair: 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.
lbo: Three consecutive trades. 2 X 291,250 and 1 preceding X 311,250 all within a few minutes. Yeah maybe the mms just sold all those shares to someone from nowhere and are now short on their books and happy to let the share price rise and assume those losses!? LOL indeed
value king: Home from work tonight to see the Chairman has doubled his holding. I felt foolish buying @ 17p in February but not feeling so bad tonight, the share price will inevitably bounce well before the market hears the good news when it does come.
smithless: The way the share price is going, it will be renaming itself TOAST. A Kaye pre-pack ahoy?
tabhair: Apologies. Google Finance have the correct share count, the correct share price, but somehow their market cap is completely wrong.
walbrock82: 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:
che7win: 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.
lbo: No wonder it's been falling all year and calling it a Zero discount is highly questionable looking at the share price performance over the last year.
tmfmayn: Yes, the write-offs were not great, but management has taken write-offs before. Back in 2007, 2008 and 2009, sizeable impairments and disposals were also recorded as the original dimt chain failed to build momentum during the recession. You could argue that management had lost its touch then, but the board then changed tack to open Wildwoods and the group has done well since. A new property director has been recruited recently. He is ex-Prezzo and oversaw the opening of 30 new restaurants a year. He ought to ensure future sites are properly located. If you look at the history of Prezzo, it recorded write-offs or impairments every year between 2003 and 2014 except for 2004 and 2010. Those charges totalled £18m, though they did no real harm to long-term Prezzo holders and the upward share price. I think it is the nature of the industry that some sites will under perform.
Tasty share price data is direct from the London Stock Exchange
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