Tortilla Mexican Grill Share Discussion Threads

[dr biotech] 25/6/2024 11:20

Hasn’t actually made any money though. I’d like to seem them turn in an actual cash profit to show its a viable and sustainable business. Seems that this French outfit was insolvent.

[74tom] 25/6/2024 11:07

Yeah, you can up those numbers massively and it would still be earnings enhancing for them

MEX only have 38.5m shares, if GYG bid 2x last years sales that would equate to £130m / £3.37. Feels like a stretch but then again this IPO'd at £1.81 and hasn't done much wrong

[indalo] 25/6/2024 10:35

Very interesting. They have a broad AsiaPacofoc presence and a small US business with nothing in Europe. Have these guys made any serious acquisitions to date or is it all organic growth? MEX could be a very good target for them at an earnings enhancing price even at 100-150p

[74tom] 25/6/2024 10:00

Interesting RNS & general setup here.

An Australian peer IPO'd last week;



FY23 revenues were around 5x MEX, with EBITDA around 4x

At the A$22 IPO price GYG was valued at A$2.2b / £1.15b. It then popped another 30% and currently trades at $29, so now sports a £1.5b valuation, or 4x FY23 sales (or 100x EBITDA...)

GYG looks substantially overvalued, however it also makes MEX look incredibly cheap. On similar metrics, MEX would have a market cap of £320m (4x sales). It IPO'd at a £70m cap on around 1.5x FY21 revenue. Today it's at 0.25x. I won't bother with EBITDA comps as they are silly.

Todays RNS suggests MEX are going to turn up the heat on growth, from the current valuation it could get tasty ;)

[benny shares] 25/4/2024 01:40

Very good results.Over the pond, Chipotle has amassed a market cap of over $ 80 billion with a growth rate exceeding expectations, all of this in a very little amount of time.MEX has a guiding light

[benny shares] 14/4/2024 21:34

What are your predictions for the end of the years results published on the 24th?

[benny shares] 05/3/2024 15:06

Well done, you've made a healthy profit.Take some advice, and I'm not being patriotic. Don't look at the share price again

[cirlbunting1] 05/3/2024 14:39

Out at 58 having bought in at 40. Wish i'd purchased a bit more at the initial entry. GL to all existing holders. Only reason im selling is I need the capital to top up an existing position.

[catabrit] 04/3/2024 19:36

This appears to have a bit of momentum with both Hanover and Luke J buying in recently.

[dan_the_epic] 27/2/2024 21:30

You are right but Chipotle will go pan UK and it is just a question of time. Wahaca do fast food burritos from food trucks like in South Bank alongside their main restaurants, which are competitive

I am basing my ordering off my own tastes so there is that!

[dr biotech] 27/2/2024 21:06

Johnson, whose Risk Capital Partners firm backs the likes of All Star Lanes and Brighton Pier Group, acquired 1.4m shares in the group this morning.

The move gives Johnson a 3.62% stake in the business and makes him around the 10th largest shareholder in the company.

As a publicly listed firm Tortilla does not comment on individual investors but it is understood the move is seen as a positive for the business.


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Chipotle only have outlets in London. Pretty sure my burrito will be cold by the time it reaches Cheltenham. Wahaca is more of a proper sit down sort of place rather than fast food.

[dan_the_epic] 27/2/2024 21:00

Chipotle will crush Tortilla. Sorry all. Tortilla's product just is not good enough and no point buying a weakly capitalised number 3 in the cuisine range

Order of best

Chipotle > Wahaca > Tortilla

[benny shares] 27/2/2024 19:27

Posted on the LSE forum, massive respect to jon1234Luke Johnson just bought 1.4m shares (3.6% of the company). He took control of Pizza Express in the 90's and grew the share price 20x before selling the business. He's been involved with The Ivy, Strada, Giraffe, Gail's and more. The guy has a proven track record of successfully buying and selling restaurant businesses for decades. With the recent CEO departure, there has to be takeover noises in the city. By far the largest mexican casual dining chain in the UK and valued at sub $20m. Peanuts compared to Chipotle Mexican Grill stock in the US at $70bn valuation.

[onjohn] 27/2/2024 19:06

Luke patisserie scammer

[benny shares] 27/2/2024 17:03

come down here and say that!

[balcony] 27/2/2024 16:39

And its still coming out of your mouth.

[balcony] 27/2/2024 14:31

I was in Star Computer when it was used as a shell for Pizza Express.

[darrin1471] 27/2/2024 13:40

Dr. I took my daughter into Birmingham around October to look at the retailers and to try MEX in Grand Central. It's a prime location but no better than McDonalds visually. I thought the prices were high for Birmingham but I am a bit of a tight git.
The menu was as expected and the portions decent. To big for a light lunch so we ended up eating at Comptoir Libanais (Lebanese) which was opposite and also a listed restaurant (Comptoir Group PLC).
I have been watching MEX for a year as others on ADVFN thought the branches in the SE were always busy. Restaurants are having a tough time with higher costs. At some point the tide will turn and big brands will be looking for new formulas like MEX and COM to fill the empty high street locations.

[benny shares] 27/2/2024 13:04

Hurry up and get on the train. Otherwise, you'll miss station 50

[dr biotech] 27/2/2024 12:50

Yes. Apparently some of the outlets were supposedly selling in the region £500 of cakes per hour, and he never thought this suspicious. Whilst writing a column about spotting fraud.

But under him shares in Pizza Express went from 40p to 900p. He has a very good record, but mixed with a few failures. Given his multiple directorships I'd doubt he'd get too hands on, but it makes it a more interesting journey

[dr biotech] 27/2/2024 12:32

Yes, I was in Belfast recently (that looked new and busy) and also at Bristol Airport where it was moderately busy. Not really my sort of food tbh so didn't eat there.

Have you been?

Even with my top up it ranks 31/35 of my total. Just hope johnson wants some involvement

[darrin1471] 27/2/2024 12:26

Dr, have you visited any of their sites or eaten there?