Share Name Share Symbol Market Type Share ISIN Share Description
Tasty Plc LSE:TAST London Ordinary Share GB00B17MN067 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50p -2.67% 18.25p 17.50p 19.00p 18.25p 18.25p 18.25p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 45.8 -0.1 -1.6 - 10.91

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Date Time Title Posts
23/2/201809:33Tasty for some373

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Tasty Plc 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 Plc was 18.75p.
Tasty Plc has a 4 week average price of 16.50p and a 12 week average price of 16.50p.
The 1 year high share price is 122p while the 1 year low share price is currently 16.50p.
There are currently 59,795,496 shares in issue and the average daily traded volume is 83,461 shares. The market capitalisation of Tasty Plc is £10,912,678.02.
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.
grahamburn: The share price has taken quite a knock today in spite of positive underlying figures. The statement should really have provided much more information on the very large negative figure - the impairment of 5 sites - which is probably the reason for the market disappointment. OK, that means the other 50 are trading "in line with expectations", but there isn't any explanation of the issues involved with the 5 sites. As these sites are suffering an "impairment" one has to assume that they have performed dramatically below expectations and do not have any possibility of turning the situation around. Otherwise, why impair their value (goodwill). Consequently, one would guess they are in the wrong location for the target market, rather than having poor local management or marketing which could be rectified. A more detailed explanation on the problems - as well as a definitive statement on whether those sites are being closed down - might have reassured the market a little. The read across on this issue seems to be, IMO, are the management losing their touch in the selection of sites? If they are, will the planned 50%+ increase in the next couple of years reveal other poor choices which will drag the bottom line down further - or were these 5 sites a one-off problem. In short, as the company increases in size, the directors should provide more detailed on any abnormal event - and a £3M+ in a company of this size is a significant figure. Confidence in the management may well have taken an unnecessary knock today.
grahamburn: Very encouraging RNS today on grant of new options - clearly designed to motivate senior executives rather than giving them an easy ride. If these options are eventually exercised, then that effectively means a 100% rise in the share price from here.
masurenguy: No news, no posts and no change in the share price in 5 months. At least there are no rampers spamming this thread !
liveinhope: TFNF announcement today re: Placing. "Tasty raises 2 mln pounds via placement of 6.66 mln new shares LONDON (Thomson Financial) - Tasty Plc. said it has raised 2.0 million pounds before expenses by placing 6.66 million new shares at 30 pence each. Net proceeds from the placing will fund the continued expansion of the company's restaurants, specifically the Italian themed 'Wildwood' brand. The placing price represents a discount of 19 percent to the closing middle market share price on Sept. 9 and 34 percent to the closing middle market price on Sept. 23. The new shares account for around 21 percent of the current issued share capital of the company. Tasty also added that executive director Samuel Kaye, and non-executive director Adam Kaye each bought 233,333 new shares in the placing."
Tasty Plc share price data is direct from the London Stock Exchange
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