Bought a few of these yesterday on the back of an excelent AGM report. The owner of CPH is the chap who was behind the success of Pizza Express so I would tend to think he knows what he is doing.

The company as already bought two high street brand names and is looking for a third. Highly speculative of course but I tend to think with this guys track record the reward will outweigh the risk.

Heres the AGM statement....................

The Clapham House Group PLC
07 September 2004



The Clapham House Group PLC
7 September 2004


AGM Statement


At today's Annual General Meeting, David Page, Chairman of The Clapham House
Group PLC ('the Company' or 'Clapham House'), will make the following comments
on the Company's trading and prospects :


'Since their respective acquisitions, The Real Greek and The Bombay Bicycle Club
have been successfully integrated into Clapham House and both businesses are
currently trading ahead of our expectations.


The Real Greek

A new Real Greek Souvlaki & Bar opened in a premium location on London's South
Bank in the first week of July 2004 and has traded excellently in its initial
weeks. Encouraged by this success, we are currently negotiating on a number of
further properties for The Real Greek.


The Bombay Bicycle Club

The Bombay Bicycle Club restaurant and delivery kitchens have performed well
since their acquisition in April 2004. A new Bombay Bicycle Club restaurant is
under construction in Hampstead and will open in the autumn. Four further
properties are currently under offer and with lawyers.


Corporate Developments

We are also negotiating on several further potential acquisitions. We are
confident that one of these will become the Company's third platform format,
comfortably inside the two years we set ourselves for completing our three
initial acquisitions at the time of the Company's admission to AIM.


Negotiations to acquire property packages are also ongoing with a number of
parties, although we have made it clear in these discussions that we are not
prepared to pay uneconomic prices for packages of sites.


Outlook

As a Board we are delighted with the nature and speed of progress made to date
in achieving the Company's strategic aim of building a group of high growth
restaurant and delivery formats.'


Enquiries :


The Clapham House Group PLC
David Page, Executive Chairman 07836 346934
Paul Campbell, Chief Executive 07785 228299


Noble & Company Limited
John Llewellyn-Lloyd 020 7763 2200


Gainsborough Communications
Andy Cornelius 020 7841 1023
Julian Walker 020 7841 1021





Note to Editors

Clapham House's aim is to exploit acquisition opportunities within the UK
restaurant sector. The Company's strategy is to create value for shareholders
through acquiring and actively developing a small number of quality, branded
restaurant formats predominantly in and around the M25 region for expansion into
a high growth restaurant group. The Company successfully floated on AIM on 10
November 2003 and is backed by a number of leading City institutions and with
significant investment from the founding management team.






This information is provided by RNS
The company news service from the London Stock Exchange ENDS.


Please DYOR.

cheers Gf.

Its up and now its going down again... oh dear.

why are you surprised?

Not really cynic after todays press and Greene King now falling best to be out.

i reckon only reason for the rise was bear closing ...... that RNS was DIRE!

Anyone in Prezzo (PRZ) ???? posted solid iterims and has been hammered latley ,seems these restaurant groups are out of favour at the moment.

new analysis, click HERE

From The Times today:
"Shares across the sector were hit by the update at the beginning of December from Clapham House, which said that trading at its Tootsies eateries in retail and leisure parks had been softer than expected. The company also reined back expansion of its Gourmet Burger Kitchen brand, citing inflated rents and fragile consumer confidence, although it said that trading in the mainly high street locations continued to be strong.

The 40 per cent fall in Clapham House’s share price on the day of the warning prompted Capricorn Ventures International, the firm behind the Nando’s chicken chain, to buy a 14.3 per cent stake, sparking speculation that it could mount a bid."

Full article:
YO! Sushi makes gloom merchants eat their words

Results will be out next Monday. I think results will be disappointing...105p now.

another 50p share.

Time to buy?

A different share!

lol...

Spain may be celebrating its first World Cup win but Clapham House, the owner of the Gourmet Burger Kitchen and The Real Greek restaurant chains, will be glad to see the back of the month-long football tournament.

The company, which on Friday reported its full-year results, became the latest group to blame the World Cup for poor trading in June as football fans put off dining out to watch the matches in South Africa.

As expected, the World Cup had a negative impact on sales in June, the company said, without giving a like-for-like sales figure for the period.

Paul Campbell, chief executive, said that when England was playing the effect on trading would be quite negative.

He said: The fact that it was pretty hot weather didnt help. People were at home watching the game, having barbecues. But we were not expecting June to be a great month and it was not a great month.

The comments came as Clapham House reported revenues of 44.5m, a pre-tax profit of 1.5m and earnings per share of 2.1p for the year to March 28, against revenues of 42.7m and a profit of 952,000 for the previous year.

But the 2009 figures were restated to take account of discontinued operations such as the Bombay Bicycle Club (which was sold) and Tootsies (which was put into administration). Before the restatement, the company reported sales of 62.1m and a pre-tax loss of 26.1m for 2009.

The company, which runs six Real Greek restaurants in London and 52 Gourmet Burger Kitchen restaurants in the UK, said it expected UK trading conditions to remain challenging and consumer confidence to be fragile.

However, it brushed aside the impact of the impending VAT increase to 20 per cent on its 58 restaurants in the UK, and said it was unlikely to have a material impact on sales.

Shares in the group, down 20 per cent over the past year, rose 1p to 58p. No dividend is being paid.