Tasty Share Discussion Threads

[trident5] 09/4/2020 15:23

I wonder how it will unfold here.
Restaurant Group think that pick up will be very slow post-isolation, although there must be a lot of pent up demand to get out and party.

If they can survive, there should be a lot less competition. No debt, but not much in the way of a liquidity buffer and limited London presence. Difficult to see landlords wanting to pull the rug - not as if they'll have tenants queueing up.

[totalgeek69] 09/4/2020 14:40

Just punters I suspect fairly big ones though. Heads you win tails you lose.

[masurenguy] 08/4/2020 16:54

What were the "positive moves" today ?

[mrphil] 08/4/2020 16:52

Would be nice to think there is something behind the positive moves today!

[mrphil] 23/3/2020 14:02

Seems like a sensible statement and, under the circumstance, quite positive. Not sure why the share price needs to fall at all, let alone by this much?

[jonc] 17/3/2020 20:08

No business rates for a year will help.

[jonc] 17/3/2020 17:01

I guess they will be haemorrhaging cash pretty soon.

With Covid I agree they are more encouraging than I anticipated.

[masurenguy] 17/3/2020 16:37

Interesting - at the current shareprice the business is valued at £0. Market cap is £2.89 and current net cash is the same !

[mrphil] 17/3/2020 16:16

If it weren't for Covid-19, the figures actually look quite encouraging. Just as well they managed to get rid of their bank loan before all this started, so they are sitting with cash.

[jonc] 02/1/2020 09:49

I doubt it.

[fillipe] 02/1/2020 09:38

The market is nicely positive on TASTY, following this update.

f

[jonc] 02/1/2020 08:27

Well yes but disclosing that information then reveals what is left which appears to be SFA.

[trident5] 02/1/2020 08:21

Selling £0.1m EBITDA at a multiple of 20 is a no-brainer.

[jonc] 02/1/2020 07:55

For how long can they buy time by selling "the family silver"?This site accounted for two thirds of EBITDA.Also this appears to be the first time that they have disclosed that they are receiving "support " from their landlords.I really cannot see this surviving.

[masurenguy] 17/12/2019 17:24

Be interested to see the trading update due in early January.
No position.

[mrphil] 25/9/2019 15:27

We have a DIM-T and a Wildwood locally and they both look pretty good, and busy which is good!

[elsa7878] 24/9/2019 18:39

Spent 200k capex on 57 stores. Not long before they will look shabby.....if they don't already.

[enigma2oo2] 24/9/2019 14:36

tialouise
24 Sep '19 - 14:21 - 166463 of 166468
0 1 1
You seem to have a thing about children old man !
JonC
24 Sep '19 - 14:24 - 166464 of 166468
0 1 0
Would you care to expand?

[jonc] 24/9/2019 11:46

It looks to me that they will require a further cash injection.Working capital looks tight.Quarterly rent days must be a worry.

[mrphil] 24/9/2019 09:37

Good opportunity to top up, looks like several are doing so?

[masurenguy] 24/9/2019 07:59

No position

Financial Highlights:

Placing and open offer in May 2019 raising £3.2m
Revenue £21.1m (2018 - £23.0m)
Adjusted EBITDA of £0.1m (2018 - £0.8m)
Loss after tax for the period of £0.8m (2018 - loss of £10.7m)
Loan at 30 June 2019 of £1.9m (1 July 2018 - £7.0m)
Net cash as at 30 June 2019 of £0.5m (1 July 2018 - net debt £4.1m)

[mrphil] 24/9/2019 07:51

And there they are, Ummmm….

[mrphil] 18/9/2019 08:19

I presume we must be close to some interim results?

[topvest] 07/9/2019 17:30

Gross profit for restaurants is often after restaurant staff costs. Makes sense when you think about it.