The Fulham Shore Share Discussion Threads

[lbo] 04/12/2017 11:48

Not according to the company itself.




It has also found custom has slowed, with restaurants in London’s suburbs worst affected by what it described as a “sector-wide trading pattern”.

Fulham Shore has found itself squeezed by higher costs and an inability to raise menu prices

[lomcovaks] 29/11/2017 14:33

Byron and their overpriced McDonald's burger were always going to be a casualty. Nothing to compare with Franco's.

[lomcovaks] 28/11/2017 10:48

LBO,

At least, for balance, quote the top rated comment in the section below the obviously knocking copy:

'What has Franco Manca done to upset the Bristol Post? On 12 Sept and 8 Nov, puff pieces about the restaurant were published and now it's being slated. I reckon they didn't agree to the request for free pizzas to be delivered to 1 Temple Way.'

Furthermore, the headline says "Bristol's new pizza on the block Franco Manca deemed 'soggy and too floppy to pick up'" whilst in the article itself is a photograph of what looks to be a perfectly cooked Franco Manca pizza, totally at odds with what the person writing the article described it as.

[lbo] 10/11/2017 08:12

https://www.ft.com/content/02707f42-c54a-11e7-a1d2-6786f39ef675Private equity loses its appetite for London's restaurants

[lbo] 15/10/2017 19:42

https://www.thetimes.co.uk/edition/business/zombies-that-stalk-the-restaurant-group-lst6pws8s

[lbo] 24/9/2017 11:19

https://www.thetimes.co.uk/edition/business/luke-johnson-opening-restaurants-is-food-for-entrepreneurs-souls-l08bgzm2f

[lomcovaks] 13/9/2017 15:28

Had a friend arrive late on Monday evening so we popped out to FM Chiswick. One shared pizza with extra topping to share, one side salad and a glass of wine and a beer was a few pence over £20.00 for the two of us. Experienced management and engaged staff make me confident that they will survive the necessary cull of over priced restaurants with stale offerings.
I'm under water from my initial purchase but will top up from here.

[lbo] 13/9/2017 09:20

https://www.bloombergquint.com/opinion/2017/08/18/britain-has-too-many-restaurants

[hybrasil] 12/9/2017 10:00

Wake up you lot.

Its Brexit.

The consumers have no money and are afraid to spend

[buoycat] 09/9/2017 12:49

Time Out review of Chiswick Franco Manca: Forget Waitrose – you know your street's been gentrified if there's a branch of this brilliant pizzeria on it. Good value, great quality and family-friendly, this is a proudly egalitarian neighbourhood offering that fits most casual occasions. The six-strong selection of excellent sourdough pizzas (plus a couple of specials) are topped with less obvious, all-organic ingredients, with not a pineapple chunk in sight – the beers and wines are organic, too.

[buoycat] 08/9/2017 19:29

Rapid growth in a short period of time, with good cash flow and low debt. Strong brand awareness. And an experienced man at the top. Yes the rating is currently high, but I'm holding through what is hopefully a brief wobble. The shares have held up surprisingly well, which is also a positive sign.

[utsushi] 08/9/2017 07:15

Post 30-4 April 2017

I wrote that the high valuation created a risk if we entered a consumer lead downturn.

That is what appears to be happening, confirmed by others players in the sector, The Restaurant Group, Comptoir Libanais, etc ,high valuations and/or weak ROCE business models affected first, they are the exposed ones as the tide goes out.

The EV/EBITDA multiple is still too high, the sectorial trend is negative, and the recent Directors purchases are more window dressing than opportunistic purchases, so there is no rush to buy and there maybe a reversion to beyond the mean in the future in my humble and modest opinion.

[eastbourne1982] 06/9/2017 17:47

Still looks extremely expensive to me, should have tanked 40 - 50% today imho when you compare what has happened to the likes of TAST and COM and the valuations they now have.

[mnomis] 06/9/2017 17:42

Still on my watchlist. But still not in a hurry

[buoycat] 06/9/2017 11:42

Well I've decided to top up a little. Not surprised about the bukowsky grill disposal. Not entirely convinced about the Real Greek, but Franco Manca has established a solid reputation in a very short time. For anyone who watches buys and sells on advfn don't waste your time. My buy is showing as a sell!

[funkmasterp12] 06/9/2017 08:41

I'm surprised this hasn't been whacked more. Awful warning, as it turns out the previous waffle was indeed an excuse.I think they've been caught by competition particularly in London, to blame the sector seems to be swerving the issue somewhat. If price is no longer their USP, they're in deep trouble.Off my watch list now. Good luck to anyone in.

[hybrasil] 06/9/2017 08:23

See my post of 5/7

[che7win] 06/9/2017 08:17

10p might interest me, costs rising, growth slower than expected and menu prices staying static....