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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 Shares Traded Last Trade
  +0.25p +2.56% 10.00p 59,637 12:36:44
Bid Price Offer Price High Price Low Price Open Price
9.50p 10.50p 10.00p 9.75p 9.75p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 50.31 -9.47 -13.84 6.0

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Date Time Title Posts
19/12/201806:17Tasty for some457

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Tasty Plc (TAST) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-01-23 12:39:409.608,637829.15O
2019-01-23 12:36:219.8951,0005,043.90O
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Tasty Plc (TAST) Top Chat Posts

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 9.75p.
Tasty Plc has a 4 week average price of 9.75p and a 12 week average price of 9.50p.
The 1 year high share price is 34.25p while the 1 year low share price is currently 9.50p.
There are currently 59,795,496 shares in issue and the average daily traded volume is 57,767 shares. The market capitalisation of Tasty Plc is £5,979,549.60.
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.
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.
Tasty Plc share price data is direct from the London Stock Exchange
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