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City restaurant (RTN)
ckmtang - 03 Feb 2004 08:30
Anyone holding this share, any comment? It recommended by few brokers.
Oakapples142
- 30 Sep 2004 12:21
- 2 of 301
Anyone know what to make of the RNS at 12.13pm to-day. I now see that it shares its EPIC with a US Radar company - RNS make interesting reading.! Well recommended by brokers but see directors have been cashing in on hugh profits by selling their share options
Oakapples142
- 28 Oct 2004 09:45
- 3 of 301
I am a little suprised that more of you are not on to this one - have a look at the charts and then consider that the second half is their strong suit IMHO
mickeyskint
- 28 Oct 2004 16:15
- 4 of 301
This does look interesting will DMOR.
MS
MS
mickeyskint
- 28 Oct 2004 16:22
- 5 of 301
This was on ADVFN
MS
Restaurant Group is cheap, but worth a taste
After a night at the cinema or bowling alley in an out-of-town leisure park, the choice of restaurants is usually limited. So much the better for The Restaurant Group, whose Frankie & Benny's Italian-American diner chain and Chiquito's outlets have this area pretty much sewn up.
It announced record interim results yesterday, with profits up 40 per cent to 9.8m for the first half. Trading is continuing to improve, with sales up 5 per cent in the second half, building on a 3.7 per cent rise at the end of June. This is thanks mainly to Frankie & Benny's, where sales were up 6.7 per cent, and its key positioning in leisure parks.
There is a similarly captive and hungry customer base at airports, where The Restaurant Group has a number of food concessions. Sales here were up 7.9 per cent and there are further airport developments planned. With increasing air passenger numbers, and the growth of no-frills carriers that do not offer in-flight meals, airport dining is growing fast.
Trading has been more difficult in the high street, where competition is fiercer. Sales here have been flat, with Garfunkels benefiting from a rebound in tourism in London. This has offset declines in sales at Est Est Est and Caffe Uno. A slowdown in consumer spending as rising interest rates cut back the disposable income of its customer base could be damaging, however, and the forthcoming rise in the minimum wage will put further cost pressure on the group.
But at 98.5p, it is still a reasonably cheap eat at around 14 times 2004 forecasted earnings, and its dividend yields 4 per cent and rising. Worth a taste.
MS
Restaurant Group is cheap, but worth a taste
After a night at the cinema or bowling alley in an out-of-town leisure park, the choice of restaurants is usually limited. So much the better for The Restaurant Group, whose Frankie & Benny's Italian-American diner chain and Chiquito's outlets have this area pretty much sewn up.
It announced record interim results yesterday, with profits up 40 per cent to 9.8m for the first half. Trading is continuing to improve, with sales up 5 per cent in the second half, building on a 3.7 per cent rise at the end of June. This is thanks mainly to Frankie & Benny's, where sales were up 6.7 per cent, and its key positioning in leisure parks.
There is a similarly captive and hungry customer base at airports, where The Restaurant Group has a number of food concessions. Sales here were up 7.9 per cent and there are further airport developments planned. With increasing air passenger numbers, and the growth of no-frills carriers that do not offer in-flight meals, airport dining is growing fast.
Trading has been more difficult in the high street, where competition is fiercer. Sales here have been flat, with Garfunkels benefiting from a rebound in tourism in London. This has offset declines in sales at Est Est Est and Caffe Uno. A slowdown in consumer spending as rising interest rates cut back the disposable income of its customer base could be damaging, however, and the forthcoming rise in the minimum wage will put further cost pressure on the group.
But at 98.5p, it is still a reasonably cheap eat at around 14 times 2004 forecasted earnings, and its dividend yields 4 per cent and rising. Worth a taste.
Oakapples142
- 28 Oct 2004 16:39
- 6 of 301
Thanks mickeyskint I think it was Shares Mag that got me interested. After MYOR I got in at 98.35p on 23 Sep (just missed Ex Div date)
TheLearner
- 22 Feb 2005 11:57
- 7 of 301
coming up to results again and still look worth a punt. Don't forget the perks with owning RTN aswell - can get 8 vouchers for 25% off food bill.
cynic
- 25 Sep 2006 10:46
- 8 of 301
in the headlong rush for commodity shares, this one has badly slipped under everyone's radar, including my own ...... notwithstanding that sp has bolted in the last week or s, on the back of excellent results, the p/e does not look overdemanding ..... i like the look of this company, from its niche within the leisure (restaurant) sector, to its stable of restaurants and its focus and self-financing expansion plans, down to its excellently thought out and produced web site.
at the very least, put this one on your watch list
at the very least, put this one on your watch list
cynic
- 08 Nov 2006 10:09
- 9 of 301
this is very annoying ...... sp has been pretty lively over the last couple of days, but all news comes up as for Raytheon, which is a US software company or similar with the same epic
cynic
- 20 Dec 2006 16:12
- 10 of 301
something to remind the "rubbish addicts" that there are plenty of good quality shares which continue to perform ...... PFC is one; here is another (again!) ...... The chart has been consistently strong for some time; rsi is perhaps marginally overbought; company is first class and in the right sort of sector (leisure/restaurants) - i.e. all the exact opposite of the dodgy/flaky or even just plain doggy E&Ps
see also DOM (Domino Pizza) which I shall also now update
green = 200 dma
red = 50 dma
see also DOM (Domino Pizza) which I shall also now update
green = 200 dma
red = 50 dma
cynic
- 05 Jan 2007 14:48
- 11 of 301
while all you guys, and to some extent myself, have been chasing after "flighty skirt", this share just keeps on performing ...... Told you in mid September when price was about 215; reminded you all again just before Christmas when sp was about 295; telling you again, though the price is now 318
cynic
- 05 Jan 2007 16:23
- 12 of 301
here is a new chart covering just the last 3 months .... Have added in 25 dma as well worth watching in the event of a reaction.
red = 25 dma
green = 50 dma
black = 200 dma
red = 25 dma
green = 50 dma
black = 200 dma
cynic
- 08 Jan 2007 11:11
- 13 of 301
latest trading update shown below, is exactly why this share continues to outperform .... with the bonus in the background that one of the big boys may decide to take it out.
The Restaurant Group has reported like-for-like sales up 5% for 2006, with strong trading in December.
The group, which operates the Garfunkel's and Chiquito brands, said it expects to report very satisfactory full year trading results on March 7th, 2007.
It added it has been awarded four units at the new Terminal 5 at Heathrow Airport, due to open in March 2008, including a large full-service restaurant occupying a very prominent position in the departures lounge.
The company opened 47 new restaurants, including 13 conversions of former Deep Pan Pizza sites. It said initial trading from the newly opened restaurants is good.
The Restaurant Group has reported like-for-like sales up 5% for 2006, with strong trading in December.
The group, which operates the Garfunkel's and Chiquito brands, said it expects to report very satisfactory full year trading results on March 7th, 2007.
It added it has been awarded four units at the new Terminal 5 at Heathrow Airport, due to open in March 2008, including a large full-service restaurant occupying a very prominent position in the departures lounge.
The company opened 47 new restaurants, including 13 conversions of former Deep Pan Pizza sites. It said initial trading from the newly opened restaurants is good.
cynic
- 08 Jan 2007 20:15
- 14 of 301
and another little bit ...... but you guys keep chasing the rubbish to the exclusion of quality; there must be gold at the end of the rainbow, mustn't there? ......
On the second line, Restaurant Group shares advanced 2.75p to 320.75p as the market welcomed an 'excellent' full-year pre-closing update, Dresdner Kleinwort hiking its target price to 360p from 290p.
On the second line, Restaurant Group shares advanced 2.75p to 320.75p as the market welcomed an 'excellent' full-year pre-closing update, Dresdner Kleinwort hiking its target price to 360p from 290p.
cynic
- 10 Jan 2007 16:14
- 15 of 301
if anyone interested, having taken profits here at 309 for no other reason than sp has probably run out of puff for a while and needs time to consolidate and pull back towards a more neutral rpi ....... for sure will stay on my watch list, and pretty certain that i shall back in due course
cynic
- 15 Jan 2007 16:02
- 16 of 301
i missed it, but interesting to see immediate bounce off 25 dma
cynic
- 22 Jan 2007 11:47
- 17 of 301
have just bought back in ...... got a bit greedy and ended up paying a little more than i hoped, but with UK economy still looking strong, leisure industry is not a bad place for some money ..... RTN, apart from being a company that has a proven track record of fine management and results, is also a potential t/o target (but don't buy for that reason!)
PGV4
- 16 Feb 2007 15:32
- 18 of 301
Tried to get into Frankie & Bennys at lunchtime. Full, 45 minute wait!! Went to Chiquito's in the next block, full, 30 minute wait!!!! Dresdner Kleinwort target at 360p looking good.
cynic
- 16 Feb 2007 15:43
- 19 of 301
nice to see someone at least reads my advice occasionally! ..... your experience should tell you plenty, for i bet the likes of Wimpy or even Pizza Express had plenty of space
cynic
- 26 Feb 2007 13:36
- 20 of 301
an aide memoire for me much as anything ..... figures due 7th March.
It's already flagged that they will be good ....... hope that they beat forecast too, which i have a sneaking suspicion they will
It's already flagged that they will be good ....... hope that they beat forecast too, which i have a sneaking suspicion they will
Big Ted - 26 Feb 2007 15:39 - 21 of 301
got onboard the other day, interesting to see, sells outweighing buys 4 - 1 today but price up 4/5p, level2 4v2...
cynic
- 26 Feb 2007 15:46
- 22 of 301
Ted .... as you will see, i am very happy to keep my holding here ...... on the other hand, i have lightened my holding in DOM in which i had already done very well ..... their figures are alrrady out and outstanding
Big Ted - 27 Feb 2007 14:43 - 23 of 301
I sold out this morning only roughly at breakeven @336p, considered this one ripe for a sell off after performing so well recently, and looks a good call, now 318p approx to buy... I knew it was a gamble buying recently with the FTSE looking ripe for retracement, but nothing lost so no harm done, and will re purchase cheaper....
cynic
- 06 Mar 2007 08:16
- 24 of 301
well Ted, I suggest you get back in this morning ...... figures are out tomorrow, and though already forecast to be good, sp has suffered in the general fallout and now look cheap ..... don't tell me; only budgerigars go cheep!! ...... rsi on the low side of neutral ..... sp bang on 25 dma and looking to bounce off it too
Big Ted - 06 Mar 2007 08:53 - 25 of 301
i actually bought back same day at 312p been a bit up and down since then, but blue today... fingers crossed
cynic
- 06 Mar 2007 08:55
- 26 of 301
good lad! ..... at worst, this is a good defensive stock and sector
cynic
- 07 Mar 2007 07:58
- 27 of 301
told you all the figures would be very good with strong trading statement attaching .....
and now a further surprise ..... the market likes the figures too, just as it did with PFC
and now a further surprise ..... the market likes the figures too, just as it did with PFC
cynic
- 27 Apr 2007 11:52
- 28 of 301
if sp continues to drift, then i for one shall be looking to buy at about 352 as sp hits 50 dma
cynic
- 08 May 2007 11:48
- 29 of 301
having banked the proceeds from RTR, have reinvested the funds here at 360 ..... figures due early June from memory
cynic
- 24 May 2007 08:33
- 30 of 301
very peculiar ...... now why on earth should sp take a dive on no apparent news? ...... if i was brave of had more funds, i think i would like at buying some more at this level ....... similar strangeness was seen in CCT in the last 7/10 days
Big Ted - 24 May 2007 08:42 - 31 of 301
was just thinking the same thing, have taken a gamble, (cos thats all that this game really is...) maybe premature, does someone know something...? cursing cos i needed some funds for a property auction last week so sold some stock (HAWK and VML inc) never bought anything at auction and now look at them... sheeeeesh !!!
cynic
- 24 May 2007 08:50
- 32 of 301
all very curious ...... if you have access to "trades" you will see 6/8 lumps of 50-150k being sold this morning ...... it may just one person liquidating through necessity and clumsily at that ...... i am certainly happy to stay put, though could do without the jolt!
irlee57 - 24 May 2007 11:42 - 33 of 301
the drop was because cazenove down graded it to "underperform" from "in line"
cynic
- 24 May 2007 11:49
- 34 of 301
thank you ..... how unkind of them!
there was a similar downgrade on PFC a few days ago, but the market quickly saw it differently ...... hope it does here too!
there was a similar downgrade on PFC a few days ago, but the market quickly saw it differently ...... hope it does here too!
Big Ted - 24 May 2007 11:50 - 35 of 301
well, its heading back in the right direction... lol
garfeebloke - 06 Jun 2007 09:14 - 36 of 301
Cynic, do you understand what's happening with this one of your old favourites?
This extract was dated 31st May
Positive read-through from the deal lifted shares in the Restaurant Group PLC, operator of chains including Frankie & Benny's and Chiquito, with Panmure Gordon maintaining its 'buy' stance with a price target of 425 pence.
The broker said the 2.55 mln stg cost per restaurant for the
Strada chain equates to 400 pence a share for the Restaurant Group, indicating a 24 pct upside before considering the group's 2-3 year site pipeline and its sector-leading operational track record.
At 10.54 am, Restaurant Group shares were up 7 pence at 329 pence.
However, the chart doesn't look good at all. I got out of my S.B. a while ago at a healthy profit and now I'm tempted back, but.........
This extract was dated 31st May
Positive read-through from the deal lifted shares in the Restaurant Group PLC, operator of chains including Frankie & Benny's and Chiquito, with Panmure Gordon maintaining its 'buy' stance with a price target of 425 pence.
The broker said the 2.55 mln stg cost per restaurant for the
Strada chain equates to 400 pence a share for the Restaurant Group, indicating a 24 pct upside before considering the group's 2-3 year site pipeline and its sector-leading operational track record.
At 10.54 am, Restaurant Group shares were up 7 pence at 329 pence.
However, the chart doesn't look good at all. I got out of my S.B. a while ago at a healthy profit and now I'm tempted back, but.........
cynic
- 06 Jun 2007 09:37
- 37 of 301
i concur that the chart is now pretty uninspiring, though sp is still comfortably above 200 dma ...... there was a broker downgrade 7/10 days ago on the basis that M&B's restaurant side was not performing well and that they feared that there could be a general dowturn in restaurant spending as GB's interest and tax hikes started to bite.
i am (relatively) happy to stay put not least because rsi is now very undemanding ....... further i truly do not see the company losing direction and would be pretty surprised if their next figures are not still strong ...... the big Q is the prognostication for the next 6/12 months ..... as some sort counterbalance, i feel the group remains a potential t/o target, though that in itself is certainly not a reason to buy.
i am (relatively) happy to stay put not least because rsi is now very undemanding ....... further i truly do not see the company losing direction and would be pretty surprised if their next figures are not still strong ...... the big Q is the prognostication for the next 6/12 months ..... as some sort counterbalance, i feel the group remains a potential t/o target, though that in itself is certainly not a reason to buy.
cynic
- 10 Jun 2007 08:13
- 38 of 301
the chart is currently pretty uninspiring, sp having been hit by a single downgrade by Cazenove about 2 weeks ago, while Panmure and (I think) one of the other major houses still maintain their buy stance with a taregt about 1.00 above the present level ..... there are also more generalised concerns that people will have less disposable income thanks to GB and his tax hikes.
Anyway, i shall continue to hold and, if i had spare funds, might even top up for i am still of the opinion that RTN's next figures will not only be (very) good but that their current trading is still strong.
Perhaps rationalising, there was also a nice little para in yesterday's Telegraph as below ......
"RTN's shares have risen 88% to a recent price of 322 against 170 when recommended as a buy in March 2006. Investors may be tempted to take profits, but hold on for further gains."
Anyway, i shall continue to hold and, if i had spare funds, might even top up for i am still of the opinion that RTN's next figures will not only be (very) good but that their current trading is still strong.
Perhaps rationalising, there was also a nice little para in yesterday's Telegraph as below ......
"RTN's shares have risen 88% to a recent price of 322 against 170 when recommended as a buy in March 2006. Investors may be tempted to take profits, but hold on for further gains."
cynic
- 25 Jun 2007 07:13
- 39 of 301
sp performance of late has been very disappointing and is now resting on 200 dma ...... after friday's fright on wall street, this morning's opening in london and perhaps for the coming week can be expected to be pretty twitchy ...... however, i still rate this company very highly in its own right, and of course it is far from inconceivable that it will not become a t/o target rom one of the brewers who, correctly i think, see future profitability enhanced by food rather than their brewing activities.
maggiebt4
- 18 Jul 2007 23:18
- 40 of 301
This share went ballistic today Have searched and can't find any news Does anyone know something I don't? Chart looking slightly better ( I think!!! only learning) as it seems to have broken out of the down trend?
BigTed
- 19 Jul 2007 10:20
- 41 of 301
i caused this too, i sold tuesday at 334p, with my lack of patience...:) lol
maggiebt4
- 19 Jul 2007 10:58
- 42 of 301
Big Ted you don't happen to have any LED shares to sell LOL
cynic
- 02 Aug 2007 08:33
- 43 of 301
i shall be holding faith with this stock for, like DOM, i reckon it will come in with some cracking half year numbers when it reports in 1st week September (reasonable guess)
maggiebt4
- 02 Aug 2007 09:06
- 44 of 301
Good to hear that, makes my day brighter
cynic
- 02 Aug 2007 09:18
- 45 of 301
fyi, am seriously considering topping up to take me o'weight
maggiebt4
- 02 Aug 2007 09:53
- 46 of 301
If you don't mind me asking would you do that in a spread bet or in shares I find the spread betting a bit scary and time consuming ( I can't leave the screen!!!!!)when things begin to tumble
cynic
- 02 Aug 2007 10:16
- 47 of 301
spread betting and CFDs are indeed very scary for it is all heavily geared .... great when shares go up, but can be terrifying in reverse ...... as i work in front of a computer all day and often work at home in the evenings, i am able to keep a constant watch
howver, this morning will be very boring until BoE decides that it will/won't raise rates ..... to my mind, almost irrelevant, for either way, i reckon we are pretty much at the top of the interst rate cycle
howver, this morning will be very boring until BoE decides that it will/won't raise rates ..... to my mind, almost irrelevant, for either way, i reckon we are pretty much at the top of the interst rate cycle
maggiebt4
- 02 Aug 2007 10:44
- 48 of 301
Thanks for help Might be better in shares as going on holiday soon.
maggiebt4
- 02 Aug 2007 10:44
- 49 of 301
Thanks for help Might be better in shares as going on holiday soon.
maggiebt4
- 02 Aug 2007 10:44
- 50 of 301
Thanks for help Might be better in shares as going on holiday soon.
maggiebt4
- 02 Aug 2007 10:45
- 51 of 301
Sorry dam thing so slow me so impatient!!!!!
cynic
- 02 Aug 2007 11:01
- 52 of 301
when i go on hol, even though i always take my laptop, i tend to take quite a lot of money off the table beforehand just in case
maggiebt4
- 02 Aug 2007 12:25
- 53 of 301
Good idea at min I'm loosing so much not worthwhile still got another 10 days so who knows?????
cynic
- 03 Aug 2007 08:46
- 54 of 301
for maggie's benefit! ..... have contemplated and have indeed topped up ..... holding at today's price is about 135% of norm
maggiebt4
- 03 Aug 2007 11:43
- 55 of 301
thanks for info was waiting for dy's blue dot but might just take a punt anyway
maggiebt4
- 03 Aug 2007 17:19
- 56 of 301
Cynic Took small sb and am only -80p Lowest minus I've seen in a long time! Thanks.
maggiebt4
- 10 Aug 2007 10:44
- 57 of 301
Cynic Would appreciate your opinion on the chart. I think support around 240 if it gets there and RSI has dropped below 30 mark. Do reckon this will come good so was going to add shares to my isa. Haven't time to wait for reversal bar will be gone Mon
cynic
- 10 Aug 2007 10:51
- 58 of 301
at a quick look 240/250 should suppport though certainly chart is pretty vile at the moment ...... perhaps i am not consistent in this instant, but i shall def hold faith with this company (and also SCHE) and have no intention of selling
maggiebt4
- 10 Aug 2007 12:33
- 59 of 301
Thanks. Will wait to nearly close.
maggiebt4
- 05 Sep 2007 13:40
- 60 of 301
Any one know why the drastic drop in sp today I thought results were'nt out until 8th.
cynic
- 05 Sep 2007 13:51
- 61 of 301
hardly drastic .... take a look at the market(s) in general and it is pretty much self-explanatory
halifax - 05 Sep 2007 14:05 - 62 of 301
Interim results out on 12/9/07
maggiebt4
- 05 Sep 2007 15:38
- 63 of 301
Thanks guys? you've steadied my nerves
cynic
- 06 Sep 2007 11:08
- 64 of 301
good to see RTN has recovered well from its unwarranted (imo) tumble to 260 just a couple of weeks back, presumably in anticipation of good figures due shortly ...... sp is now quite decisively through 25 dma, but am slightly concerned that 50 dma at about 307 will prove something of an obstacle, as it tested and failed there last time ..... 200 dma is still some way above at 325
cynic
- 09 Sep 2007 07:40
- 65 of 301
fimgers crossed that tueday's results will be sufficiently good that sp will not react badly merely because he market is volatile and peeps want to take money off the table ..... for sure there has been quite a lot of buying in anticipaton of good numbers, but will many of these just cut and run with a quick profit?
maggiebt4
- 09 Sep 2007 13:27
- 66 of 301
Is that not wed 12/09 or do we know on tues what wed will be? Think quite a few will cut and run was thinking of it myself.
cynic
- 12 Sep 2007 07:54
- 67 of 301
figures at least as good as hoped for; sp just nudging 200 dma, so could be that sp will start getting back to its former glories.
maggiebt4
- 12 Sep 2007 08:00
- 68 of 301
Still in hope not too much profit taking!
cynic
- 19 Nov 2007 15:26
- 69 of 301
have decided to swallow my pride and a thumping loss ...... just goes to show one should not try to piss against the wind ..... though RTN has been making all the right trading noises, the market just doesn't want to listen
hlyeo98 - 19 Nov 2007 18:12 - 70 of 301
Don't worry, cynic, RTN will go down further. It's OK to have a stop-loss.
hlyeo98 - 19 Nov 2007 18:13 - 71 of 301
cynic
- 03 Dec 2007 19:20
- 72 of 301
Tootsies group came in with a profit warning today and were slammed 40% .... RTN also got whacked 13% and, if you like the sector, make a good buy at this level .... i am a sucker for restaurants, so may follow that advice
hlyeo98 - 03 Dec 2007 20:03 - 73 of 301
You like your food, cynic eh? DOM looks cheap now too
cynic
- 03 Dec 2007 20:05
- 74 of 301
noticed that too
hlyeo98 - 03 Dec 2007 20:08 - 75 of 301
Clapham house looks very cheap now. Do u think it is a buy?
Toya
- 03 Dec 2007 20:12
- 76 of 301
Who said that thing about Rusty Cars being cheap...?
cynic
- 03 Dec 2007 20:12
- 77 of 301
don't know
Toya
- 03 Dec 2007 20:14
- 78 of 301
No, I wasn't expecting you to know, Cynic!
Look at the chart - its horrible!
Look at the chart - its horrible!
cynic
- 03 Dec 2007 20:17
- 79 of 301
CPH? ..... it's not that good .... as i said on that site, it's positively toxic ..... and yes, are almost certainly right too about RTN
Toya
- 03 Dec 2007 20:19
- 80 of 301
They'll give you serious indigestion! Tell me where the charts are heading you guys!
BigTed
- 03 Dec 2007 20:20
- 81 of 301
180p or (more likely 160) in a couple of weeks...
hlyeo98 - 03 Dec 2007 20:21 - 82 of 301
RTN directors were buying in at 220p a few days ago.
cynic
- 03 Dec 2007 20:22
- 83 of 301
if no smart recovery, then 160 def on the cards
Toya
- 03 Dec 2007 20:23
- 84 of 301
Well, then: what are they playing at?
cynic
- 03 Dec 2007 20:23
- 85 of 301
"they"?
Toya
- 03 Dec 2007 20:26
- 86 of 301
hlyeo mentioned "directors" - the "they" was the pronoun relating to them. Your post came in between...
cynic
- 03 Dec 2007 20:27
- 87 of 301
guess they reckon RTN is a good buy, and certainly its results have yet to disappoint, but always a first time
Toya
- 03 Dec 2007 20:32
- 88 of 301
Or were they hoping to impress the outside world? I'm not at all familiar with this one - are results due, or have they recently come out? I just don't like the direction the chart is travelling in. Is there some compelling reason for it to pick up? - Like Xmas?
Toya
- 03 Dec 2007 20:39
- 89 of 301
Actually a quick read of their Interims would not give cause for concern. It must just be current sentiment. All this doom-and-gloom about a credit crunch etc, and no certainty that interest rates will come down this year. Restaurants tend to suffer in those circumstances. RTN may not be able to continue with some of their 'growth plans' that they talk about in the Interims. D'accord?
Toya
- 03 Dec 2007 20:47
- 90 of 301
I shall leave you gourmets to ponder where to spend your money! Time to open the wine I reckon, and spend the rest of the evening by the fire.
cynic
- 03 Dec 2007 20:58
- 91 of 301
no Toya .... no compelling reason at all ..... watch for fun .... and btw, RTN is not for the gourmet; more for the slightly up-market post-cinema mob
mitzy - 03 Dec 2007 20:58 - 92 of 301
Target 90p..!
hlyeo98 - 03 Dec 2007 21:12 - 93 of 301
This proved that home-cooked food is the most yummy of all
Toya
- 04 Dec 2007 07:04
- 94 of 301
Cynic - my "gourmet" remark was somewhat tongue-in-cheek. I did have a quick look at what they do when I scanned through the Interims and would not expect you to choose RTN for a night out; from what you tell me, your taste is far more refined :)
Happy trading!
Happy trading!
cynic
- 04 Dec 2007 07:13
- 95 of 301
more importantly, RTN put out an announcement yesterday, following CHG's dire warning, that their own profit forecast remains the same ...... next figures are not due until Feb, and it will be the on-going trading forecast that will be watched most carefully.
cynic
- 04 Dec 2007 07:19
- 96 of 301
following is worth reading .....
Shares in Restaurant Group PLC were lower early morning as its peer Clapham House PLC gave a profit warning with Pamure Gordon retaining its 'buy' stance on the group and target price of 425 pence, according to traders.
At 9.26 am, Restaurant Group shares were 21-1/2 pence lower at 196-1/4, while the FTSE 250 index was 77 points lower at 10,671.8. Clapham House was down 116 pence at 132-1/2, while the FTSE Small Cap index was down 7.7 points at 3,439.8.
In a note published this morning, Panmure Gordon said that there is no read through for Restaurant Group from Clapham House's profit warning.
The broker added that Restaurant Group has confirmed to us that its trading remains strong, targeting the low spend, value-for-money custom in captive markets that have high barriers to entry.
Panmure Gordon said that it would use related weakness as a buying opportunity.
The broker added that it has no recommendation on Clapham House, but are cutting our forecasts by 40 pct for 2008 and by 47 pct for 2009 and 2010.
Elsewhere, Landsbanki said that Clapham House Group trading statement's 'read across' for the pub sector is poor.
The broker added that it continues to recommend that investors avoid the pub sector.
Shares in Restaurant Group PLC were lower early morning as its peer Clapham House PLC gave a profit warning with Pamure Gordon retaining its 'buy' stance on the group and target price of 425 pence, according to traders.
At 9.26 am, Restaurant Group shares were 21-1/2 pence lower at 196-1/4, while the FTSE 250 index was 77 points lower at 10,671.8. Clapham House was down 116 pence at 132-1/2, while the FTSE Small Cap index was down 7.7 points at 3,439.8.
In a note published this morning, Panmure Gordon said that there is no read through for Restaurant Group from Clapham House's profit warning.
The broker added that Restaurant Group has confirmed to us that its trading remains strong, targeting the low spend, value-for-money custom in captive markets that have high barriers to entry.
Panmure Gordon said that it would use related weakness as a buying opportunity.
The broker added that it has no recommendation on Clapham House, but are cutting our forecasts by 40 pct for 2008 and by 47 pct for 2009 and 2010.
Elsewhere, Landsbanki said that Clapham House Group trading statement's 'read across' for the pub sector is poor.
The broker added that it continues to recommend that investors avoid the pub sector.
cynic
- 04 Dec 2007 08:49
- 97 of 301
market does not care, so stay away but worth watching and perhaps buying at a future date
mitzy - 04 Dec 2007 13:17 - 98 of 301
Down 10% for some unknown reason.
cynic
- 04 Dec 2007 13:34
- 99 of 301
prob because there was a lot of tv coverage last night re Tootsies (part of CHG) and peeps in the street saying how they were cutting down on eating out.
looking back, there ought to be support at 160, which is where sp was in early 2006, and one might reasoanbly argue for a decent bounce at that level ..... while i would agree that the (extent of the) collapse over the last 2 days has no real justification, there are indisputably times when pissing against the wind has unpleasant consequences.
looking back, there ought to be support at 160, which is where sp was in early 2006, and one might reasoanbly argue for a decent bounce at that level ..... while i would agree that the (extent of the) collapse over the last 2 days has no real justification, there are indisputably times when pissing against the wind has unpleasant consequences.
mitzy - 04 Dec 2007 13:44 - 100 of 301
Heard that Goldman Sacks have advised invetors to sell leisure and pub stocks today cynic could be the main reason.
cynic
- 04 Dec 2007 13:45
- 101 of 301
see also post 96
cynic
- 04 Dec 2007 14:20
- 102 of 301
extraordinary ..... i go out for 10 mins and sp has recovered to -3 after -21
kitosdad
- 04 Dec 2007 15:27
- 103 of 301
Don't it always happen like that. I've got to where I take the laptop to the loo now. LOL.
cynic
- 04 Dec 2007 15:35
- 104 of 301
at least you can then piss on the market rather than the usual reverse!
Toya
- 04 Dec 2007 17:43
- 105 of 301
There seems to have been a lot of p---ing around here today! I hope you've been making some profits as well!
cynic
- 04 Dec 2007 18:12
- 106 of 301
not a lot! ..... minor comfort from 50 point profit on Dow long (banked)
Toya
- 04 Dec 2007 18:13
- 107 of 301
Well, it's better than nothing I guess.
cynic
- 04 Dec 2007 20:39
- 108 of 301
offsets some of the other shit that was inevitable given the general state
cynic
- 07 Dec 2007 12:03
- 109 of 301
in a moment of rashness and bravery, i bought 50% of norm yesterday on basis that stock was (a) o'sold and (b) rate cut might induce a sense of public relief ...... apart from that, RTN says that figures due in Feb will show they have met targets, though it wuill be the forward trading that will be watched
scotinvestor - 10 Dec 2007 14:37 - 110 of 301
falling again..............this has much more to go!!!
mitzy - 11 Dec 2007 09:37 - 111 of 301
Now could be the time to buy.
scotinvestor - 18 Dec 2007 09:39 - 112 of 301
dont think so!!
120p before thinking about it
120p before thinking about it
cynic
- 18 Dec 2007 09:46
- 113 of 301
for once we pretty much agree, though with considerable sadness .... not that we agree, but because i was a great fan of this company and as a result hung onto the stock longer than i should have.
i post a 3 year chart below, and though 120 is a possibility, you can easily pick out a couple of other levels that could provide support ..... i am afraid this is not the right sector into which to now throw money ..... however, i guess there is a chance that RTN could become a t/o target as it has an excellent brand and reputation
i post a 3 year chart below, and though 120 is a possibility, you can easily pick out a couple of other levels that could provide support ..... i am afraid this is not the right sector into which to now throw money ..... however, i guess there is a chance that RTN could become a t/o target as it has an excellent brand and reputation
hlyeo98 - 18 Dec 2007 09:52 - 114 of 301
With inflation rising, RTN, CPH and DOM are to be avoided. Profit will undoubtedly be disappointing in this trend.
cynic
- 18 Dec 2007 10:03
- 115 of 301
inflation has nowt to do with it ..... we are still running at an historically very low rate .... the prob is peeps lack of confidence and cash to spend on luxuries such as eating out
scotinvestor - 18 Dec 2007 10:04 - 116 of 301
i know u went into this cynic but i aint gloating.........i aint that kind of person.
its going to be hard in market over next 12 -18 months i think.....but even house prices r going to stagnate.
what does one do?
panama perhaps, lol
its going to be hard in market over next 12 -18 months i think.....but even house prices r going to stagnate.
what does one do?
panama perhaps, lol
cynic
- 18 Dec 2007 10:15
- 117 of 301
i know not ..... nor do i ever take umbrage for long if at all .....
as for investing for the next 12 months ..... hmm! not sure; there will be opportunities for sure and i dare say there will be M&A activity, but the difficulty is to choose the right sector let alone the right stock
if i was told to pick just 4 of my own portfolio to hold or even buy, i would assuredly take SCHE (buy!) and PFC + prob HAWK and PMO or IEC or TAN (to spread the risks)
as for investing for the next 12 months ..... hmm! not sure; there will be opportunities for sure and i dare say there will be M&A activity, but the difficulty is to choose the right sector let alone the right stock
if i was told to pick just 4 of my own portfolio to hold or even buy, i would assuredly take SCHE (buy!) and PFC + prob HAWK and PMO or IEC or TAN (to spread the risks)
cynic
- 27 Dec 2007 09:13
- 118 of 301
perhaps foolishly, i have bought back in here, not least because i noted that RTN is bringing out a trading up-date much earlier than demanded .... forgotten the exact date, but around mid january
skinny
- 27 Dec 2007 09:21
- 119 of 301
Notification of date of Year End trading update
The Restaurant Group will be announcing its usual year end trading update on
Wednesday 9 January 2008.
The Restaurant Group will be announcing its usual year end trading update on
Wednesday 9 January 2008.
cynic
- 02 Jan 2008 12:11
- 120 of 301
others also seem to be thinking that RTN is oversold and/or figures will be useful
cynic
- 02 Jan 2008 12:13
- 121 of 301
others also seem to be thinking that RTN is oversold and/or figures will be useful ... sp now tryinmg to break up through 25 dma
BAYLIS
- 02 Jan 2008 21:28
- 122 of 301
MAY 07 2JAN 07
RTN 360p 191
JDW 710 363
MAB 820 416
MARS 450 330
are they all over sold. JUST THINKING.
RTN 360p 191
JDW 710 363
MAB 820 416
MARS 450 330
are they all over sold. JUST THINKING.
cynic
- 02 Jan 2008 21:34
- 123 of 301
have no idea of the i/d of the other companies you mention .... you don't want to buy into RTN? .... that's fine ..... what the price was is pretty irrelevant, unless you are still holding ..... i bought back in at 183 on the basis that imo, sp was hammered unfairly on the back of results from M&B .... RTN said at the time that their projection for the year was still on target, and i remain confident that the figures to be produced on 9th Jan will very much support that.
BAYLIS
- 02 Jan 2008 21:42
- 124 of 301
JDW. has a sale now on GUINIS 199p. 1664 199p.cheap beer.off to drink,cheers happy new year.
Toya
- 07 Jan 2008 07:06
- 125 of 301
From The Times today:
"Douglas Jack, at Panmure, said: 'Premium-end and value-for-money restaurants are outperforming the more mortgage-sensitive midmarket.' In the quoted sector, he tipped shares of The Restaurant Group, the owner of Frankie & Benny's and Garfunkels, as a 'buy', forecasting earnings growth this year of more than 28 per cent.
Full article:
YO! Sushi makes gloom merchants eat their words
"Douglas Jack, at Panmure, said: 'Premium-end and value-for-money restaurants are outperforming the more mortgage-sensitive midmarket.' In the quoted sector, he tipped shares of The Restaurant Group, the owner of Frankie & Benny's and Garfunkels, as a 'buy', forecasting earnings growth this year of more than 28 per cent.
Full article:
YO! Sushi makes gloom merchants eat their words
cynic
- 07 Jan 2008 08:06
- 126 of 301
thanks for that Toya .... i am already in here, but perhaps waiting for RTN's trading update due on Wednesday
Toya
- 07 Jan 2008 08:34
- 127 of 301
sp looks as though it could go down further today. Still biding my time on this one.
skinny
- 07 Jan 2008 16:04
- 128 of 301
Trading update on Wednesday!
cynic
- 07 Jan 2008 16:09
- 129 of 301
not sure if it is wishful thinking, but i would have thought there was a 75%+ chance of their figures being good ..... perhaps a bit more scary will be the prognostication for the rest of the year
skinny
- 07 Jan 2008 16:27
- 130 of 301
Restaurant Re Post Close Update
RNS Number:2495L
Restaurant Group PLC
07 January 2008
The Restaurant Group plc
('the Group' or 'TRG')
Change of Dial-In Details for Post Close Update
As previously announced, The Restaurant Group will be announcing its usual post
close update on Wednesday, 9 January 2008.
There will be an Analyst conference call at 7:10am on the morning of 9 January
2008. Further to the announcement made on 21 December 2007, the dial-in details
for the call have changed and are as follows: Dial-in: +44 (0)1452 555566 and
quote Conference ID: 30313901.
RNS Number:2495L
Restaurant Group PLC
07 January 2008
The Restaurant Group plc
('the Group' or 'TRG')
Change of Dial-In Details for Post Close Update
As previously announced, The Restaurant Group will be announcing its usual post
close update on Wednesday, 9 January 2008.
There will be an Analyst conference call at 7:10am on the morning of 9 January
2008. Further to the announcement made on 21 December 2007, the dial-in details
for the call have changed and are as follows: Dial-in: +44 (0)1452 555566 and
quote Conference ID: 30313901.
hlyeo98 - 07 Jan 2008 19:52 - 131 of 301
I don't believe Panmure Gordon's tips to buy RTN. Look at its own sp - dropped from 230p to 90p in 2007. RTN is a SELL now at 165p. Possible buy at 120p.
skinny
- 09 Jan 2008 11:16
- 132 of 301
Bought a few @132.5
scotinvestor - 09 Jan 2008 11:31 - 133 of 301
lol at cynic
losing more money....another duff company u bought into
u still slagging the other threads off that u log onto about a million times a day
losing more money....another duff company u bought into
u still slagging the other threads off that u log onto about a million times a day
stroreysj - 09 Jan 2008 13:24 - 134 of 301
Goldilocks needs a crash helmet and two seatbelts to survive the ride the bears are giving her on this stock. Nothing in current trading stament to justify a 30% drop (met expectations and grew 5.5% and continuing expansion as planned). So what if food prices go up a bit they have so many captured markets they can pass the costs on to the public easier than brokers are suggesting. Im so pleased i didnt jump the gun yesterday and pay over the odds but at 125 these have to be a steel
cynic
- 09 Jan 2008 13:37
- 135 of 301
confess buying into the retail sector was not one of my brightest ideas of late, but as you say, the results are certainly a lot better than poor and even the brokers' comments are neutral at worst
mitzy - 09 Jan 2008 14:52 - 136 of 301
Heading to 90p level..
stroreysj - 09 Jan 2008 15:07 - 137 of 301
Well if they do will just have to hold a little bit longer. They wont be the only loser im sitting on LOL. In fact they are keeping up the side with a clean sweep. Unless im having a nightmare the FTSE250 has lost nearly a 1000 points in a week. Im a big believer in the current ratio being greater than 1 and there must be a few stocks at the moment where assets are way in excess of mkt cap. Anyway at least its not snowing in Singapore LOL
skinny
- 09 Jan 2008 16:30
- 138 of 301
Closed for -10 - not prepared at this stage to hold, but I will be back!
scotinvestor - 09 Jan 2008 16:36 - 139 of 301
yes this is knackered.......u got to laugh at cynic trying to pretend things r ok
skinny
- 09 Jan 2008 16:41
- 140 of 301
To be honest, I can't see anything in the RNS to warrant the size of the fall. I'm just not prepared to hold it overnight in this market.
stroreysj - 09 Jan 2008 16:45 - 141 of 301
dont panic captain mannering. Its only a loss if you sell it . it will go up again sometime soon, although I remember saying that when I bought Barrats at 656 and still holding. Ive moved from a day trader, to a swing trader to a value investor in a matter of months and now im just counting the holes in my pockets. Still no doom and gloom - cant wait for the next slapping, sorry instalment.
scotinvestor - 09 Jan 2008 16:58 - 142 of 301
yes it will go back from the value u bought it at in 3 years time!
ptholden
- 09 Jan 2008 17:52
- 143 of 301
scotinvestor
Laughing at other posters losing money has to be considered pretty low even by your standards, I take it you have no problem sliding under a snake's belly?
Cynic posts how he sees it, rightly or wrongly, you on the other hand are full of bile and probably the most obnoxious poster on MAM.
FWIW the lesson here is not to fall in love with a share nor trade against the trend; picking tops and bottoms is the most dangerous art of all, success reaping the greatest rewards, failure the greatest losses.
Laughing at other posters losing money has to be considered pretty low even by your standards, I take it you have no problem sliding under a snake's belly?
Cynic posts how he sees it, rightly or wrongly, you on the other hand are full of bile and probably the most obnoxious poster on MAM.
FWIW the lesson here is not to fall in love with a share nor trade against the trend; picking tops and bottoms is the most dangerous art of all, success reaping the greatest rewards, failure the greatest losses.
Toya
- 09 Jan 2008 18:06
- 144 of 301
Well said pth - Cynic is always prepared to air his mistakes, which takes courage I reckon, and he's not one to crow about those made by others.
Let's hope scotinvestor speaks in jest.
Let's hope scotinvestor speaks in jest.
cynic
- 09 Jan 2008 18:50
- 145 of 301
the pict is serious at least to himself ..... he should keeping to tossing the caber rather than himself, but seemingly he has a problem which i do not share
hlyeo98 - 09 Jan 2008 20:22 - 146 of 301
Got this right within 2 days.
stroreysj - 10 Jan 2008 02:30 - 147 of 301
If this doesnt rebound significantly by the end of jan Im packing up and going skiing for three months. There is so much doom and gloom out there about a recession which is not happening any tme soon in the UK. The dynamics of supply and demand of the housing market are different to the US, with the start of interest rate easing, improving exports from depreciating sterling (remember previously artificially high to dollar) as well as sustained growth in Asia I find myself agreeing with Gordon Brown (one time only) that the growth rate of the Uk will fall only fractionally. There is no RECESSION . I agree never buck the trend but this is going to reverse soon and sharply once someone is brave enough to put the pieces together.
Toya
- 10 Jan 2008 07:15
- 148 of 301
Quite agree stroreysj - RTN got bludgeoned. All this talk of recession - anyone would think we want one! And what with global warming you may not even be able to escape to ski for as long as three months!
Toya
- 10 Jan 2008 07:36
- 149 of 301
RTN apparently a 'buy' recommendation in today's Telegraph and Independent - anyone have the details?
stroreysj - 10 Jan 2008 07:42 - 150 of 301
Recommended in the Guardian also. I know the numbers were more than a bit skewed yesterday, so support and resistance numbers can be a wee bit off. But assuming they follow logic they produce a first resistance level of 146 so plenty of upside for the day trader
Toya
- 10 Jan 2008 07:59
- 151 of 301
Thanks st
skinny
- 10 Jan 2008 16:12
- 152 of 301
In auction again!
cynic
- 10 Jan 2008 16:18
- 153 of 301
curious stuff ..... meanwhile DOM is performing relatively strongly, yet i have always regarded them together even though their markets are slightly different
scotinvestor - 11 Jan 2008 09:52 - 154 of 301
still going down
going sub 100p soon
going sub 100p soon
stroreysj - 13 Jan 2008 06:25 - 155 of 301
as ive said before its only a loss if you sell it. Given me an excuse to go on holiday for a week
stroreysj - 22 Jan 2008 10:31 - 156 of 301
scotinvestor..not that im one to gloat but as you appear to appreciate peoples mis fortune ..just for the record - held on to this long enough to make a sizeable profit. Will reinvest if it goes south again
cynic
- 22 Jan 2008 11:21
- 157 of 301
the "scaly pict" loves to gloat .... rather suspect he has been bitten rather hard, which of course is very sad
though a long time follower of RTN, i confess i find it difficult to convince myself that this is currently the right sector - if there is such a thing at the moment!
though a long time follower of RTN, i confess i find it difficult to convince myself that this is currently the right sector - if there is such a thing at the moment!
cynic
- 04 Mar 2009 17:59
- 158 of 301
i have steered well clear of high street and restaurant stocks for some time, but RTN (as well as DOM) just may be worth buying on the back of their results and the break out through 200 dma
RTN said for the year ended 28th December 2008 statutory pretax profit increased by 10% to 47.1m, while revenue rose 14% to 426,5m with like-for-like revenue up 1.5%. Full year dividend was hiked 6% to 7.7p per share.
The group said current trading was satisfactory given the economic climate with like-for-like sales down 2.5% for the nine weeks to 1st March 2009, an improvement on the last two months of 2008.
roll out of new sites continues, with 40 new sites (24 net new sites) opened in the period - all self-funded. 15-20 new sites are targeted for 2009.
the current year has started well with total revenues 4% ahead of last year.
RTN said for the year ended 28th December 2008 statutory pretax profit increased by 10% to 47.1m, while revenue rose 14% to 426,5m with like-for-like revenue up 1.5%. Full year dividend was hiked 6% to 7.7p per share.
The group said current trading was satisfactory given the economic climate with like-for-like sales down 2.5% for the nine weeks to 1st March 2009, an improvement on the last two months of 2008.
roll out of new sites continues, with 40 new sites (24 net new sites) opened in the period - all self-funded. 15-20 new sites are targeted for 2009.
the current year has started well with total revenues 4% ahead of last year.
skinny
- 21 Jul 2009 10:00
- 159 of 301
These had fallen off my radar - but starting to look interesting again.
skinny
- 12 Aug 2009 14:49
- 160 of 301
12 month high - reporting on the 26th.
cynic
- 12 Aug 2009 14:54
- 161 of 301
me too .... no longer sure what i think of this group, or about investing in high street stocks at all in the current climate
skinny
- 12 Aug 2009 15:04
- 162 of 301
Noisy area chart wise (like so many atm) RNS show L&G now below 5% - maybe short before figures?
cynic
- 12 Aug 2009 16:47
- 163 of 301
you might find the chart below quite interesting
cynic
- 20 Aug 2009 08:43
- 164 of 301
glad i bought back into these .... chart now looking very good, figures out 28th august and i also notice that yield is 6.86% ...... obviously it presupposes that divi is held
skinny
- 28 Aug 2009 07:08
- 165 of 301
Restaurant Interim Results
TIDMRTN
RNS Number : 1528Y
Restaurant Group PLC
28 August 2009
?
The Restaurant Group plc
Interim results for the 26 weeks ending 28 June 2009
The Restaurant Group plc operates 358 restaurants and pub restaurants
predominantly in leisure locations and airports. Its primary offerings are
Frankie and Benny's (182 sites), Chiquito (60), Brunning & Price (15),
Blubeckers (29) and Garfunkel's (21).
The Group had a resilient performance in the first half of 2009:
o Revenue increased 3% to GBP210m (like-for-like -3%)
o Adjusted EBITDA increased by 3% to GBP36.3m (2008: GBP35.3m)
o Adjusted profit before tax increased by 3% to GBP21.7m (2008: GBP21.1m)
o Adjusted EPS rose 4% to 7.49p (2008: 7.20p)
o Interim dividend maintained at 1.4p per share
o Statutory profit before tax decreased by 9% to GBP20.1m (2008: GBP22.1m)
o Statutory EPS increased by 14% to 8.68p (2008: 7.60p)
*Results marked as adjusted are stated excluding non-trading items (refer to
note 2)
Performance demonstrates the resilience of TRGs business and strength of
its brands
Operations strongly cash generative; net debt reduced by GBP10m since
year end to GBP69m
Continuing new site development
o Eight new sites opened in the period
o 15-20 new sites targeted for 2009
Resilient current trading with year to date like-for-like sales for the
34 weeks to 23 August 2009, -3.5% against strong comparatives
Board is confident of another year of progress in 2009
Andrew Page, Chief Executive of The Restaurant Group plc commented as follows:
"These are good results, with sales, profits and earnings per share all
increasing. Our strategic market positioning combined with a clear focus on
value, margins, service and hospitality has enabled the Group to make further
profitable progress during 2009, despite the severe economic downturn.
In addition to delivering these strong results, our team has also successfully
opened twelve new restaurants so far this year and they are all performing well.
Although conditions remain tough, going forward we will be looking to maintain
our profitable progress."
28 August 2009
TIDMRTN
RNS Number : 1528Y
Restaurant Group PLC
28 August 2009
?
The Restaurant Group plc
Interim results for the 26 weeks ending 28 June 2009
The Restaurant Group plc operates 358 restaurants and pub restaurants
predominantly in leisure locations and airports. Its primary offerings are
Frankie and Benny's (182 sites), Chiquito (60), Brunning & Price (15),
Blubeckers (29) and Garfunkel's (21).
The Group had a resilient performance in the first half of 2009:
o Revenue increased 3% to GBP210m (like-for-like -3%)
o Adjusted EBITDA increased by 3% to GBP36.3m (2008: GBP35.3m)
o Adjusted profit before tax increased by 3% to GBP21.7m (2008: GBP21.1m)
o Adjusted EPS rose 4% to 7.49p (2008: 7.20p)
o Interim dividend maintained at 1.4p per share
o Statutory profit before tax decreased by 9% to GBP20.1m (2008: GBP22.1m)
o Statutory EPS increased by 14% to 8.68p (2008: 7.60p)
*Results marked as adjusted are stated excluding non-trading items (refer to
note 2)
Performance demonstrates the resilience of TRGs business and strength of
its brands
Operations strongly cash generative; net debt reduced by GBP10m since
year end to GBP69m
Continuing new site development
o Eight new sites opened in the period
o 15-20 new sites targeted for 2009
Resilient current trading with year to date like-for-like sales for the
34 weeks to 23 August 2009, -3.5% against strong comparatives
Board is confident of another year of progress in 2009
Andrew Page, Chief Executive of The Restaurant Group plc commented as follows:
"These are good results, with sales, profits and earnings per share all
increasing. Our strategic market positioning combined with a clear focus on
value, margins, service and hospitality has enabled the Group to make further
profitable progress during 2009, despite the severe economic downturn.
In addition to delivering these strong results, our team has also successfully
opened twelve new restaurants so far this year and they are all performing well.
Although conditions remain tough, going forward we will be looking to maintain
our profitable progress."
28 August 2009
skinny
- 28 Aug 2009 08:07
- 166 of 301
Results going down well!
cynic
- 28 Aug 2009 08:34
- 167 of 301
good reminder a couple of weeks back skinny ..... another little cracker on top of PXS and GKP and a few others
skinny
- 28 Aug 2009 08:36
- 168 of 301
Up 11% and on good volume.
skinny
- 03 Mar 2010 07:09
- 169 of 301
Preliminary Results.
The Group had a resilient 2009:
- Revenue up 5% to 436m
- Adjusted EBITDA increased by 3% to 80m
- Adjusted profit before tax increased by 2% to 50m
- Adjusted EPS rose 5% to 17.5p per share
- Second interim dividend of 6.3p per share declared and proposed final dividend of 0.3p per share giving a full year dividend of 8.0p per share, up 4%
- Statutory profit before tax increased by 2.5% to 48m
- Statutory EPS rose 15% to 18.90p
The Group had a resilient 2009:
- Revenue up 5% to 436m
- Adjusted EBITDA increased by 3% to 80m
- Adjusted profit before tax increased by 2% to 50m
- Adjusted EPS rose 5% to 17.5p per share
- Second interim dividend of 6.3p per share declared and proposed final dividend of 0.3p per share giving a full year dividend of 8.0p per share, up 4%
- Statutory profit before tax increased by 2.5% to 48m
- Statutory EPS rose 15% to 18.90p
skinny
- 06 May 2010 07:45
- 170 of 301
The Restaurant Group plc
AGM Statement
At the AGM of The Restaurant Group plc ("TRG" or "the Group"), to be held later today, Alan Jackson, Chairman, will make the following statement, which comprises the Group's Interim Management Statement as required by the FSA's Disclosure and Transparency Rules:
Current trading
The Group has continued its positive start to 2010 with total sales 6% ahead of 2009 and like-for-like sales 0.5% ahead for the 18 weeks to 2 May 2010. We estimate that Group like-for-like sales would have been approximately 1.5% ahead of the comparable prior year period had it not been for the impact on our Concessions division resulting from the disruption to air travel caused by the volcanic ash from Eyjafjallajokull. Our Concessions division was in good growth until the ash cloud halted air travel and we saw five days of sales decline in excess of 90% in our airport business.
AGM Statement
At the AGM of The Restaurant Group plc ("TRG" or "the Group"), to be held later today, Alan Jackson, Chairman, will make the following statement, which comprises the Group's Interim Management Statement as required by the FSA's Disclosure and Transparency Rules:
Current trading
The Group has continued its positive start to 2010 with total sales 6% ahead of 2009 and like-for-like sales 0.5% ahead for the 18 weeks to 2 May 2010. We estimate that Group like-for-like sales would have been approximately 1.5% ahead of the comparable prior year period had it not been for the impact on our Concessions division resulting from the disruption to air travel caused by the volcanic ash from Eyjafjallajokull. Our Concessions division was in good growth until the ash cloud halted air travel and we saw five days of sales decline in excess of 90% in our airport business.
skinny
- 02 Sep 2010 08:15
- 171 of 301
Interim Results.
Record interim results despite a very challenging half year:
Statutory and adjusted results stated on a 27 week basis in 2010 compared with a 26 week basis for 2009
Note: 26 weeks comparable
- Revenue increased 9% to 229m (2009: 210m)
+5%
- Adjusted EBITDA increased by 10% to 39.8m (2009: 36.3m)
+6%
- Adjusted profit before tax increased by 13% to 24.6m (2009: 21.7m)
+10%
- Adjusted EPS rose 13% to 8.5p (2009: 7.5p)
+10%
- Statutory profit before tax was 24.8m (2009: 20.1m)
- Statutory EPS was 8.6p (2009: 8.7p)
Record interim results despite a very challenging half year:
Statutory and adjusted results stated on a 27 week basis in 2010 compared with a 26 week basis for 2009
Note: 26 weeks comparable
- Revenue increased 9% to 229m (2009: 210m)
+5%
- Adjusted EBITDA increased by 10% to 39.8m (2009: 36.3m)
+6%
- Adjusted profit before tax increased by 13% to 24.6m (2009: 21.7m)
+10%
- Adjusted EPS rose 13% to 8.5p (2009: 7.5p)
+10%
- Statutory profit before tax was 24.8m (2009: 20.1m)
- Statutory EPS was 8.6p (2009: 8.7p)
cynic
- 05 Jan 2011 10:06
- 172 of 301
both DOM and RTN (this one) are worth keeping an eye on for the year ahead.
both have good products and are targeting solid middle-market households ..... assuredly higher "softs" will impact as will the increase in VAT, but people will still want to "treat" themselves
both have good products and are targeting solid middle-market households ..... assuredly higher "softs" will impact as will the increase in VAT, but people will still want to "treat" themselves
skinny
- 12 Jan 2011 08:22
- 173 of 301
Pre-Close Update.
Turnover for the 53 week period to 2 January 2011 was 7% ahead of 2009 (a 52 week period) and like-for-like sales were 1% below the prior year. Turnover for the final part of November and the first four weeks of December was impacted by the unusually harsh weather conditions experienced throughout the UK, although since then trading has been very strong. New openings were ahead of the previous year with 24 new restaurants opened during 2010. Trading at these new sites has been above expectations and they are expected to deliver strong returns. The Group is targeting 22 to 27 new openings during 2011.
Turnover for the 53 week period to 2 January 2011 was 7% ahead of 2009 (a 52 week period) and like-for-like sales were 1% below the prior year. Turnover for the final part of November and the first four weeks of December was impacted by the unusually harsh weather conditions experienced throughout the UK, although since then trading has been very strong. New openings were ahead of the previous year with 24 new restaurants opened during 2010. Trading at these new sites has been above expectations and they are expected to deliver strong returns. The Group is targeting 22 to 27 new openings during 2011.
Chris Carson
- 18 Jan 2011 21:57
- 174 of 301
This one is motoring!
cynic
- 19 Jan 2011 05:19
- 175 of 301
should have kept an eye on my own suggestions!
Chris Carson
- 19 Jan 2011 06:31
- 176 of 301
Indeed Cynic, re ur post 172, if you add Cineworld (CINE) then you hopefully have a profitable hat trick.
skinny
- 19 Jan 2011 06:47
- 177 of 301
Yum Yum :-)
HARRYCAT
- 27 May 2011 12:22
- 178 of 301
Panmure Gordon has a current price target of 350p, based on anticipated strong growth coming out of a recession and 2010 results being slightly ahead of expectations. Ex-divi date was the 18th may '11.
Sp not far from the 200 DMA post divi date.
Sp not far from the 200 DMA post divi date.
skinny
- 10 Jan 2012 07:08
- 179 of 301
The Restaurant Group plc
("the Group")
Post-close update
The Group's full year results will be announced by early March 2012 and profits for the 52 weeks to 1 January 2012 are expected to be in line with the consensus of market forecasts.
Turnover for the 52 weeks to 1 January 2012 was 7.25% ahead of the comparable (52 week) period in 2010 and like-for-like sales were 3.25% ahead. The Group recorded strong levels of like-for-like sales growth during both November and December 2011.
New openings were ahead of the previous year with 25 new restaurants opened in 2011. Trading at these sites has been above our expectations and they are set to deliver strong returns. The Group is targeting 25-30 new openings in 2012.
The Group continues to be highly cash generative and net debt at the end of 2011 was well below the level at the end of 2010. During October 2011, the Group concluded a refinancing exercise and now has in place a five year, £140m revolving credit facility. This provides the Group with enhanced flexibility to accelerate the rollout of new restaurants once economic conditions improve and new property development activity restarts, and to ensure that the capital structure is sensibly and prudently positioned to enable the Group to continue to grow earnings, dividends and shareholder value.
Looking forward, whilst we anticipate a continuation of challenging economic conditions, our efforts will be focused on delivering further profitable progress in 2012.
Andrew Page, CEO of The Restaurant Group plc, said:
"We faced challenging trading conditions in 2011 but, despite this, revenues were up by 7.25% and like-for-like sales were 3.25% higher. Our profits for 2011 were well ahead of those for the previous year and cash flow was also very strong. Last year we opened 25 new restaurants, creating more than 500 new jobs. These new openings are trading ahead of our expectations and this year we expect to open 25 to 30 new restaurants throughout the UK which should create around 600 new jobs. Whilst we expect trading conditions to remain tough in 2012, the TRG team will be working to deliver another year of profitable progress."
10 January 2012
("the Group")
Post-close update
The Group's full year results will be announced by early March 2012 and profits for the 52 weeks to 1 January 2012 are expected to be in line with the consensus of market forecasts.
Turnover for the 52 weeks to 1 January 2012 was 7.25% ahead of the comparable (52 week) period in 2010 and like-for-like sales were 3.25% ahead. The Group recorded strong levels of like-for-like sales growth during both November and December 2011.
New openings were ahead of the previous year with 25 new restaurants opened in 2011. Trading at these sites has been above our expectations and they are set to deliver strong returns. The Group is targeting 25-30 new openings in 2012.
The Group continues to be highly cash generative and net debt at the end of 2011 was well below the level at the end of 2010. During October 2011, the Group concluded a refinancing exercise and now has in place a five year, £140m revolving credit facility. This provides the Group with enhanced flexibility to accelerate the rollout of new restaurants once economic conditions improve and new property development activity restarts, and to ensure that the capital structure is sensibly and prudently positioned to enable the Group to continue to grow earnings, dividends and shareholder value.
Looking forward, whilst we anticipate a continuation of challenging economic conditions, our efforts will be focused on delivering further profitable progress in 2012.
Andrew Page, CEO of The Restaurant Group plc, said:
"We faced challenging trading conditions in 2011 but, despite this, revenues were up by 7.25% and like-for-like sales were 3.25% higher. Our profits for 2011 were well ahead of those for the previous year and cash flow was also very strong. Last year we opened 25 new restaurants, creating more than 500 new jobs. These new openings are trading ahead of our expectations and this year we expect to open 25 to 30 new restaurants throughout the UK which should create around 600 new jobs. Whilst we expect trading conditions to remain tough in 2012, the TRG team will be working to deliver another year of profitable progress."
10 January 2012
skinny
- 15 Feb 2012 09:40
- 180 of 301
Notification of date of Final Results
The Restaurant Group plc will be announcing its Final Results for the 52 weeks ended 1 January 2012 on Wednesday, 29 February 2012.
The Restaurant Group plc will be announcing its Final Results for the 52 weeks ended 1 January 2012 on Wednesday, 29 February 2012.
cynic
- 15 Feb 2012 09:52
- 181 of 301
a very good alternative to DOM
skinny
- 15 Feb 2012 09:55
- 182 of 301
I haven't looked at these recently, but with the Olympics, its probably worth dusting down the slide rule!
skinny
- 17 Feb 2012 15:26
- 183 of 301
Just north of 310 on good volume.
;MA(50)&IND=MACD(26,12,9);RSI(14);VOLMA(60)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=)
skinny
- 29 Feb 2012 07:14
- 184 of 301
skinny
- 17 May 2012 08:27
- 185 of 301
AGM Statement
At the AGM of The Restaurant Group plc ("TRG" or "the Group"), to be held later today, Alan Jackson, Chairman, will make the following statement, which comprises the Group's Interim Management Statement as required by the FSA's Disclosure and Transparency Rules:
Current trading
Trading for the first 19 weeks has been strong with total sales 8% ahead of the previous year and like-for-like sales 4% ahead. Since the end of February we have seen a significant uplift in sales with good growth in March, April and May to date. Margins are in line with expectations.
During the first 19 weeks we have opened one new Frankie & Benny's restaurant, two new Garfunkel's and one new Pub restaurant. These sites are trading well and are set to deliver strong returns.
In November 2011 we opened our first "Coast to Coast" restaurant, alongside an existing Frankie & Benny's restaurant at the Brighton Marina. "Coast to Coast" is a new TRG brand which we have been developing over the past two years. Our intention with this brand was to create a unique restaurant offering that has scaleability and which will complement our existing Frankie & Benny's and Chiquito brands. The performance of our first "Coast to Coast" restaurant has been superb and we are particularly pleased with how well it is complementing the existing Frankie & Benny's restaurant located adjacent to it. As a result, we have now committed to two new "Coast to Coast" sites which will open later this year. We are also exploring further site opportunities for new "Coast to Coast" restaurants.
In total we expect to open between 25 and 30 new restaurants this year with a strong pipeline developing for 2013 and beyond. We anticipate that one half of our new restaurant openings this year will be under the Frankie & Benny's brand.
Balance sheet and financial position
The Group's balance sheet remains strong and continues to benefit from good cash generation from our operations.
Subject to approval at the AGM, the final dividend in respect of the year ended 1 January 2012 of 6.5p per share (making the full year dividend in respect of 2011 a total of 10.5p per share) will be paid on 19 July 2012 to shareholders on the Register on 29 June 2012 - this represents a 17% increase on the previous full year's dividend.
Outlook
The Group is trading in line with expectations and is on track to report a strong first half performance.
17 May 2012
At the AGM of The Restaurant Group plc ("TRG" or "the Group"), to be held later today, Alan Jackson, Chairman, will make the following statement, which comprises the Group's Interim Management Statement as required by the FSA's Disclosure and Transparency Rules:
Current trading
Trading for the first 19 weeks has been strong with total sales 8% ahead of the previous year and like-for-like sales 4% ahead. Since the end of February we have seen a significant uplift in sales with good growth in March, April and May to date. Margins are in line with expectations.
During the first 19 weeks we have opened one new Frankie & Benny's restaurant, two new Garfunkel's and one new Pub restaurant. These sites are trading well and are set to deliver strong returns.
In November 2011 we opened our first "Coast to Coast" restaurant, alongside an existing Frankie & Benny's restaurant at the Brighton Marina. "Coast to Coast" is a new TRG brand which we have been developing over the past two years. Our intention with this brand was to create a unique restaurant offering that has scaleability and which will complement our existing Frankie & Benny's and Chiquito brands. The performance of our first "Coast to Coast" restaurant has been superb and we are particularly pleased with how well it is complementing the existing Frankie & Benny's restaurant located adjacent to it. As a result, we have now committed to two new "Coast to Coast" sites which will open later this year. We are also exploring further site opportunities for new "Coast to Coast" restaurants.
In total we expect to open between 25 and 30 new restaurants this year with a strong pipeline developing for 2013 and beyond. We anticipate that one half of our new restaurant openings this year will be under the Frankie & Benny's brand.
Balance sheet and financial position
The Group's balance sheet remains strong and continues to benefit from good cash generation from our operations.
Subject to approval at the AGM, the final dividend in respect of the year ended 1 January 2012 of 6.5p per share (making the full year dividend in respect of 2011 a total of 10.5p per share) will be paid on 19 July 2012 to shareholders on the Register on 29 June 2012 - this represents a 17% increase on the previous full year's dividend.
Outlook
The Group is trading in line with expectations and is on track to report a strong first half performance.
17 May 2012
cynic
- 17 May 2012 08:29
- 186 of 301
quite so - see my comment alluding to RTN on the DOM thread .... i hold both RTN and DOM for much the same reason = good prospects ahead as mid-priced and good value eating + olympic year
skinny
- 31 Aug 2012 07:03
- 187 of 301
Interim Results
· Continued strong performance in a difficult market:
Results marked as adjusted are stated excluding non-trading items.
- Total revenue increased 7.5% to £252m (2011: £234m)
- Like-for-like sales increased by 3.25%
- Adjusted operating profit increased by 8% to £27.3m (2011: £25.2m)
- Adjusted profit before tax increased by 7% to £26.1m (2011: £24.4m)
- Adjusted EPS rose 10.3% to 9.6p (2011: 8.7p)
- Statutory profit before tax was £26.1m (2011: £17.2m)
- Statutory EPS was 9.6p (2011: 5.6p)
· Excellent performance demonstrating the resilience of TRG's business in difficult markets and the continued strength of its brands
· Operations are strongly cash generative; adjusted operating cash flow of £38.5m (2011: £38.7m)
· Interim dividend increased by 12.5% to 4.5p per share (2011: 4.0p)
· Continuing new site development
- Eight new sites opened in the first half year
- A further five new sites opened to date in the second half year
- 25-30 new sites targeted for 2012
· Continued strong trading with year to date like-for-like sales for the 34 weeks to 26 August 2012 at 3.25%
· Board is confident of another year of good progress in 2012
· Continued strong performance in a difficult market:
Results marked as adjusted are stated excluding non-trading items.
- Total revenue increased 7.5% to £252m (2011: £234m)
- Like-for-like sales increased by 3.25%
- Adjusted operating profit increased by 8% to £27.3m (2011: £25.2m)
- Adjusted profit before tax increased by 7% to £26.1m (2011: £24.4m)
- Adjusted EPS rose 10.3% to 9.6p (2011: 8.7p)
- Statutory profit before tax was £26.1m (2011: £17.2m)
- Statutory EPS was 9.6p (2011: 5.6p)
· Excellent performance demonstrating the resilience of TRG's business in difficult markets and the continued strength of its brands
· Operations are strongly cash generative; adjusted operating cash flow of £38.5m (2011: £38.7m)
· Interim dividend increased by 12.5% to 4.5p per share (2011: 4.0p)
· Continuing new site development
- Eight new sites opened in the first half year
- A further five new sites opened to date in the second half year
- 25-30 new sites targeted for 2012
· Continued strong trading with year to date like-for-like sales for the 34 weeks to 26 August 2012 at 3.25%
· Board is confident of another year of good progress in 2012
skinny
- 05 Oct 2012 12:46
- 188 of 301
skinny
- 01 Nov 2012 07:52
- 189 of 301
Interim Manegment Statement
Current trading
TRG has continued to make good progress and, after 43 weeks trade in 2012, total sales are 8.25% ahead of the comparable period in 2011 and like-for-like sales are 3.5% ahead.
We have opened 16 new sites in 2012 to date. These openings are performing well and are set to deliver strong returns. A second Coast to Coast restaurant at The Gate in Newcastle opened in August and two weeks ago we opened a third Coast to Coast in Stevenage. All three Coast to Coast restaurants are trading strongly and we expect to have five Coast to Coast restaurants in total by the end of this year. Across the Group we expect to open a total of between 26 and 29 new restaurants in 2012 and we have a good pipeline developing for 2013 and beyond.
Balance sheet & financing
The Group's balance sheet position remains very solid with continuing strong cash generation, which allows the Group to continue to invest in our existing portfolio and open new restaurants whilst continuing to reduce its net debt.
Outlook
Since our interim announcement at the end of August, the Group has continued to trade strongly, with consistent like-for-like sales growth in both September and October. We remain on track to meet expectations for the full year.
TRG has a distinct market positioning with strong brands and great value-for-money offerings and a superb pipeline of new sites. We have an experienced and highly motivated team and a clear focus on delivering consistently excellent levels of service and hospitality. Our team is working to ensure that the Group continues its profitable progress.
Current trading
TRG has continued to make good progress and, after 43 weeks trade in 2012, total sales are 8.25% ahead of the comparable period in 2011 and like-for-like sales are 3.5% ahead.
We have opened 16 new sites in 2012 to date. These openings are performing well and are set to deliver strong returns. A second Coast to Coast restaurant at The Gate in Newcastle opened in August and two weeks ago we opened a third Coast to Coast in Stevenage. All three Coast to Coast restaurants are trading strongly and we expect to have five Coast to Coast restaurants in total by the end of this year. Across the Group we expect to open a total of between 26 and 29 new restaurants in 2012 and we have a good pipeline developing for 2013 and beyond.
Balance sheet & financing
The Group's balance sheet position remains very solid with continuing strong cash generation, which allows the Group to continue to invest in our existing portfolio and open new restaurants whilst continuing to reduce its net debt.
Outlook
Since our interim announcement at the end of August, the Group has continued to trade strongly, with consistent like-for-like sales growth in both September and October. We remain on track to meet expectations for the full year.
TRG has a distinct market positioning with strong brands and great value-for-money offerings and a superb pipeline of new sites. We have an experienced and highly motivated team and a clear focus on delivering consistently excellent levels of service and hospitality. Our team is working to ensure that the Group continues its profitable progress.
skinny
- 09 Jan 2013 07:08
- 190 of 301
Post-close Update
The Group's full year results will be announced by early March 2013 and profits for the 52 weeks to 30 December 2012 are expected to be just ahead of the consensus of market forecasts.
Turnover for the 52 weeks to 30 December 2012 was 9% ahead of prior year and like-for-like sales were 4.5% ahead. Group operating margins for 2012 are expected to be at a similar level as 2011.
New openings were ahead of the previous year with 28 restaurants opened in 2012. Trading at these sites has been excellent and they are set to deliver strong returns. The Group expects to open between 28-35 new sites in 2013.
Looking forward, whilst we anticipate similar economic conditions to 2012, our efforts will be focused on delivering further profitable progress in 2013.
The Group's full year results will be announced by early March 2013 and profits for the 52 weeks to 30 December 2012 are expected to be just ahead of the consensus of market forecasts.
Turnover for the 52 weeks to 30 December 2012 was 9% ahead of prior year and like-for-like sales were 4.5% ahead. Group operating margins for 2012 are expected to be at a similar level as 2011.
New openings were ahead of the previous year with 28 restaurants opened in 2012. Trading at these sites has been excellent and they are set to deliver strong returns. The Group expects to open between 28-35 new sites in 2013.
Looking forward, whilst we anticipate similar economic conditions to 2012, our efforts will be focused on delivering further profitable progress in 2013.
skinny
- 27 Feb 2013 07:08
- 191 of 301
Final Results
· Operations strongly cash generative and net debt further reduced, by £5.6m to £36m
· Roll out continues
o 28 new sites opened in the period
o 28-35 new sites targeted for 2013
· Over 700 new jobs created in 2012
· Strong current trading, with total sales up 14% and like-for-like sales at 6.5% for the eight weeks to 24 February 2013
· Operations strongly cash generative and net debt further reduced, by £5.6m to £36m
· Roll out continues
o 28 new sites opened in the period
o 28-35 new sites targeted for 2013
· Over 700 new jobs created in 2012
· Strong current trading, with total sales up 14% and like-for-like sales at 6.5% for the eight weeks to 24 February 2013
skinny
- 27 Feb 2013 08:26
- 192 of 301
12 month high on results.
skinny
- 07 Mar 2013 09:21
- 193 of 301
Recession over ?
skinny
- 25 Mar 2013 09:36
- 194 of 301
N+1 Singer Hold 471.65 430.00 430.00 Downgrades
skinny
- 10 May 2013 07:25
- 195 of 301
Citigroup Neutral 0.00 500.00 500.00 Downgrades
Canaccord Genuity Buy 494.25 482.40 540.00 540.00 Reiterates
Canaccord Genuity Buy 494.25 482.40 540.00 540.00 Reiterates
skinny
- 15 May 2013 07:09
- 196 of 301
AGM Statement
AGM Statement
At the AGM of The Restaurant Group plc ("the Group"), to be held later today, Alan Jackson, Chairman, will make the following statement, which comprises the Group's Interim Management Statement as required by the FCA Disclosure and Transparency Rules:
Current trading
Trading for the first 19 weeks has been strong with total sales 11% ahead of the previous year and like-for-like sales 4.5% ahead reflecting another period of outperformance.
During the first 19 weeks we have opened 2 new Frankie & Benny's restaurants and 1 new Pub restaurant. These sites are trading well and are set to deliver good returns.
In total we expect to open between 30 and 35 new restaurants this year, most of which will be in the second half and at least half of these will be Frankie and Benny's. Looking further forward the new site pipeline for 2014 and beyond is better than we have seen for a number of years. The performance of our new Coast to Coast restaurants is particularly pleasing. Coast to Coast is both distinct and scalable and we expect to open a further 4-5 sites in 2013.
Balance sheet and financial position
The Group's balance sheet remains strong and continues to benefit from good cash generation from our operations.
Subject to approval at the AGM, the final dividend in respect of the year ended 30 December 2012 of 7.3p per share (making the full year dividend in respect of 2012 a total of 11.8p per share) will be paid on 10 July 2013 to shareholders on the Register on 21 June 2013 - this represents a 12% increase on the previous full year's dividend.
Outlook
The Group is trading in line with expectations, margins have improved and we are on track to report a very satisfactory first half performance.
AGM Statement
At the AGM of The Restaurant Group plc ("the Group"), to be held later today, Alan Jackson, Chairman, will make the following statement, which comprises the Group's Interim Management Statement as required by the FCA Disclosure and Transparency Rules:
Current trading
Trading for the first 19 weeks has been strong with total sales 11% ahead of the previous year and like-for-like sales 4.5% ahead reflecting another period of outperformance.
During the first 19 weeks we have opened 2 new Frankie & Benny's restaurants and 1 new Pub restaurant. These sites are trading well and are set to deliver good returns.
In total we expect to open between 30 and 35 new restaurants this year, most of which will be in the second half and at least half of these will be Frankie and Benny's. Looking further forward the new site pipeline for 2014 and beyond is better than we have seen for a number of years. The performance of our new Coast to Coast restaurants is particularly pleasing. Coast to Coast is both distinct and scalable and we expect to open a further 4-5 sites in 2013.
Balance sheet and financial position
The Group's balance sheet remains strong and continues to benefit from good cash generation from our operations.
Subject to approval at the AGM, the final dividend in respect of the year ended 30 December 2012 of 7.3p per share (making the full year dividend in respect of 2012 a total of 11.8p per share) will be paid on 10 July 2013 to shareholders on the Register on 21 June 2013 - this represents a 12% increase on the previous full year's dividend.
Outlook
The Group is trading in line with expectations, margins have improved and we are on track to report a very satisfactory first half performance.
skinny
- 15 May 2013 09:00
- 197 of 301
N+1 Singer Buy 503.50 430.00 515.00 Upgrades
Canaccord Genuity Buy 503.50 540.00 540.00 Reiterates
Liberum Capital Buy 503.50 412.00 - Reiterates
Numis Reduce 504.00 485.90 400.00 400.00 Retains
Canaccord Genuity Buy 503.50 540.00 540.00 Reiterates
Liberum Capital Buy 503.50 412.00 - Reiterates
Numis Reduce 504.00 485.90 400.00 400.00 Retains
skinny
- 15 May 2013 11:10
- 198 of 301
Closed here - been in since march.
skinny
- 30 Aug 2013 07:02
- 199 of 301
Interim Results
The Restaurant Group plc ("TRG" or "the Group") operates over 400 restaurants and pub restaurants throughout the UK. Its principal trading brands are Frankie & Benny's, Chiquito and Garfunkel's. In addition it operates a Pub restaurant business and a Concessions business which trades principally at major UK airports.
· Excellent performance across the whole business:
- Total revenue increased 11.5% to £280m (2012: £252m)
- Like-for-like sales increased by 5%
- EBITDA increased by 13% to £46.9m (2012: £41.7m)
- Profit before tax increased by 15% to £30.0m (2012: £26.1m)
- EPS rose 16% to 11.2p (2012: 9.6p)
· TRG is strongly cash generative; operating cash flow up 22% at £47.1m (2012: £38.5m)
· Net debt further reduced to £27.1m (2012: £38.4m)
· Interim dividend increased by 17% to 5.25p per share (2012: 4.5p)
· Continuing new site development
- Seven new sites opened in the first half year
- A further four new sites opened to date in the second half year
- 30-35 new sites for 2013 as a whole
· Current trading strong, with year to date like-for-like sales growth for the 34 weeks to 25 August 2013 at 4.25%
· The Board is confident of another year of continued good progress in 2013
The Restaurant Group plc ("TRG" or "the Group") operates over 400 restaurants and pub restaurants throughout the UK. Its principal trading brands are Frankie & Benny's, Chiquito and Garfunkel's. In addition it operates a Pub restaurant business and a Concessions business which trades principally at major UK airports.
· Excellent performance across the whole business:
- Total revenue increased 11.5% to £280m (2012: £252m)
- Like-for-like sales increased by 5%
- EBITDA increased by 13% to £46.9m (2012: £41.7m)
- Profit before tax increased by 15% to £30.0m (2012: £26.1m)
- EPS rose 16% to 11.2p (2012: 9.6p)
· TRG is strongly cash generative; operating cash flow up 22% at £47.1m (2012: £38.5m)
· Net debt further reduced to £27.1m (2012: £38.4m)
· Interim dividend increased by 17% to 5.25p per share (2012: 4.5p)
· Continuing new site development
- Seven new sites opened in the first half year
- A further four new sites opened to date in the second half year
- 30-35 new sites for 2013 as a whole
· Current trading strong, with year to date like-for-like sales growth for the 34 weeks to 25 August 2013 at 4.25%
· The Board is confident of another year of continued good progress in 2013
skinny
- 09 Sep 2013 11:36
- 200 of 301
Ex dividend Wednesday 5.25p.
cynic
- 18 Oct 2013 16:12
- 201 of 301
have hummed and haed over these for a while, though i used to trade them regularly ...... anyway, i have now taken the plunge again on the basis of a growing "feelgood factor" this is the sort of medium priced restaurant group that should fare well
skinny
- 15 Nov 2013 07:02
- 202 of 301
Interim Management Statement
Continued good trading, in line with expectations
The Restaurant Group plc ("TRG" or "the Group") provides the following update on trading for the 45 weeks to 10 November 2013 together with a commentary on the outlook for the remainder of the financial year (52 weeks to 29 December 2013).
Current trading
TRG has continued to make good progress and, after 45 weeks trade in 2013, total sales are 9.1% ahead of the comparable period in 2012 and like-for-like sales are 3.5% ahead, in line with expectations.
We have opened 21 new sites in 2013 to date. These openings are performing well and are set to deliver strong returns. Across the Group we expect to open a total of between 33 and 35 new restaurants in 2013. We anticipate opening more new restaurants in 2014 than in 2013.
Balance sheet & financing
The Group's balance sheet position remains very solid with continuing strong cash generation, which allows the Group to maintain investment in our existing portfolio and open new restaurants.
Outlook
Since our interim announcement at the end of August, the Group has traded well, with like-for-like sales growth in both September and October. Although the like-for-like comparatives are much tougher during November, we are confident that the business will continue to make good progress during the remainder of the year and we are on track to meet expectations for the full year.
Continued good trading, in line with expectations
The Restaurant Group plc ("TRG" or "the Group") provides the following update on trading for the 45 weeks to 10 November 2013 together with a commentary on the outlook for the remainder of the financial year (52 weeks to 29 December 2013).
Current trading
TRG has continued to make good progress and, after 45 weeks trade in 2013, total sales are 9.1% ahead of the comparable period in 2012 and like-for-like sales are 3.5% ahead, in line with expectations.
We have opened 21 new sites in 2013 to date. These openings are performing well and are set to deliver strong returns. Across the Group we expect to open a total of between 33 and 35 new restaurants in 2013. We anticipate opening more new restaurants in 2014 than in 2013.
Balance sheet & financing
The Group's balance sheet position remains very solid with continuing strong cash generation, which allows the Group to maintain investment in our existing portfolio and open new restaurants.
Outlook
Since our interim announcement at the end of August, the Group has traded well, with like-for-like sales growth in both September and October. Although the like-for-like comparatives are much tougher during November, we are confident that the business will continue to make good progress during the remainder of the year and we are on track to meet expectations for the full year.
skinny
- 20 Dec 2013 12:03
- 203 of 301
Notification of post-close update
The Restaurant Group plc will release a post-close update on Thursday, 9 January 2014.
The Restaurant Group plc will release a post-close update on Thursday, 9 January 2014.
skinny
- 24 Dec 2013 10:10
- 204 of 301
Broken above its trading range to a new high @596p.
;MA(50);MA(200)&IND=MACD(26,12,9);RSI(14);VOLMA(60)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=)
cynic
- 06 Jan 2014 13:12
- 205 of 301
either sp is getting overheated ahead of the figures, or some know a lot more than we all do
cynic
- 09 Jan 2014 10:09
- 206 of 301
good figures +
Canaccord Genuity raises price target to 680p from 650p; rating buy
Panmure raises target price to 684p from 600p; rating buy
Canaccord Genuity raises price target to 680p from 650p; rating buy
Panmure raises target price to 684p from 600p; rating buy
skinny
- 09 Jan 2014 10:59
- 207 of 301
Numis Add 615.75 595.00 - 660.00 Retains
HARRYCAT
- 21 Jan 2014 12:02
- 208 of 301
Jefferies note today:
"After 12 years, CEO Andrew Page has announced his retirement. The company's market cap has grown from £75m to greater than £1.2bn during his tenure.
The Restaurant Group's more than decade long success is due in no small part to the strategy and focus implemented by the top team, led by CEO Andrew Page. What was formerly City Centre Restaurants was in a sorry state when the new team arrived, with a stretched balance sheet and broad range of underperforming brands. Some continuity will remain with chairman Alan Jackson in place (he was the first in to City Centre) and Andrew Page will advise the chairman for two days a week.
Focus on cash generation, cash returns and high barriers to entry. The Restaurant Group has consistently focused on cash, both generation and returns. The strategic exit from the challenging high street environment in 2006 enabled the company to avoid the worst of the recent vouchering and promotional activity. Its trading locations are typically high barrier to entry: leisure/retail parks, airport concessions and fringe-of-town. Significant re-rating, absolutely and relative to the listed peer group. Two years ago the shares were rated at the lower end of peers on a lease adjusted EV/EBITDAR multiple at some 7x prospective. That multiple has now expanded to 10x and is now at the upper end of peer valuation multiples.
Jefferies view. The Restaurant Group remains one of our favourite businesses in the sector but we argue that the shares are unlikely to enjoy a further re-rating or material earnings upgrades until a new CEO is recruited. We particularly like the high and consistent returns, double-digit EPS growth rate, recent acceleration of the self-funded openings programme and balance sheet strength.
Valuation/Risks We lift our PT to 685p to maintain the 15% premium rating to the peer group (which has enjoyed a recent mini re-rating). We have not changed our estimates after the positive recent post close trading update. Risks: changes in UK employment rates, increased competition on leisure retail parks, uncertainty over new top management."
"After 12 years, CEO Andrew Page has announced his retirement. The company's market cap has grown from £75m to greater than £1.2bn during his tenure.
The Restaurant Group's more than decade long success is due in no small part to the strategy and focus implemented by the top team, led by CEO Andrew Page. What was formerly City Centre Restaurants was in a sorry state when the new team arrived, with a stretched balance sheet and broad range of underperforming brands. Some continuity will remain with chairman Alan Jackson in place (he was the first in to City Centre) and Andrew Page will advise the chairman for two days a week.
Focus on cash generation, cash returns and high barriers to entry. The Restaurant Group has consistently focused on cash, both generation and returns. The strategic exit from the challenging high street environment in 2006 enabled the company to avoid the worst of the recent vouchering and promotional activity. Its trading locations are typically high barrier to entry: leisure/retail parks, airport concessions and fringe-of-town. Significant re-rating, absolutely and relative to the listed peer group. Two years ago the shares were rated at the lower end of peers on a lease adjusted EV/EBITDAR multiple at some 7x prospective. That multiple has now expanded to 10x and is now at the upper end of peer valuation multiples.
Jefferies view. The Restaurant Group remains one of our favourite businesses in the sector but we argue that the shares are unlikely to enjoy a further re-rating or material earnings upgrades until a new CEO is recruited. We particularly like the high and consistent returns, double-digit EPS growth rate, recent acceleration of the self-funded openings programme and balance sheet strength.
Valuation/Risks We lift our PT to 685p to maintain the 15% premium rating to the peer group (which has enjoyed a recent mini re-rating). We have not changed our estimates after the positive recent post close trading update. Risks: changes in UK employment rates, increased competition on leisure retail parks, uncertainty over new top management."
cynic
- 21 Jan 2014 12:07
- 209 of 301
i remain a fan and see this as one of my core holdings - at least for 2014!
skinny
- 24 Jan 2014 08:07
- 210 of 301
JP Morgan Cazenove Overweight 0.00 625.50 665.00 750.00 Reiterates
skinny
- 26 Feb 2014 07:06
- 211 of 301
Final Results
· Operations strongly cash generative. Operating cash flow £116.8m, up 15%
· Roll out continues
o 35 new sites opened in the period
o 36-43 new sites targeted for 2014
· Over 1,000 new jobs created in 2013
· Strong current trading, with total sales up 10% and like-for-like sales at 3.5% for the eight weeks to 23 February 2014.
· Operations strongly cash generative. Operating cash flow £116.8m, up 15%
· Roll out continues
o 35 new sites opened in the period
o 36-43 new sites targeted for 2014
· Over 1,000 new jobs created in 2013
· Strong current trading, with total sales up 10% and like-for-like sales at 3.5% for the eight weeks to 23 February 2014.
cynic
- 28 Feb 2014 16:21
- 212 of 301
just bought some more at 668.5
skinny
- 04 Mar 2014 07:20
- 213 of 301
The Restaurant Group plc
Sally Cowdry appointed non-executive Director
The Board of The Restaurant Group plc is pleased to announce the appointment of Sally Cowdry as an independent non-executive Director with effect from 1 March 2014.
Ms Cowdry is Marketing and Consumer Director at Camelot Lotteries UK Limited where she is accountable for the strategic development and commercial performance of The National Lottery brand portfolio across the UK. Prior to joining Camelot in 2013, Ms Cowdry was Marketing and Consumer Director at Telefonica UK which operates the O2 brand.
There is no additional information to disclose pursuant to Listing Rule 9.6.13R (1) to (6).
Alan Jackson, Chairman of The Restaurant Group plc, said:
"I am delighted to welcome Sally Cowdry to the Board of The Restaurant Group. Sally has significant marketing expertise in consumer facing businesses and I am confident that she will be a valuable addition to the Board."
Sally Cowdry appointed non-executive Director
The Board of The Restaurant Group plc is pleased to announce the appointment of Sally Cowdry as an independent non-executive Director with effect from 1 March 2014.
Ms Cowdry is Marketing and Consumer Director at Camelot Lotteries UK Limited where she is accountable for the strategic development and commercial performance of The National Lottery brand portfolio across the UK. Prior to joining Camelot in 2013, Ms Cowdry was Marketing and Consumer Director at Telefonica UK which operates the O2 brand.
There is no additional information to disclose pursuant to Listing Rule 9.6.13R (1) to (6).
Alan Jackson, Chairman of The Restaurant Group plc, said:
"I am delighted to welcome Sally Cowdry to the Board of The Restaurant Group. Sally has significant marketing expertise in consumer facing businesses and I am confident that she will be a valuable addition to the Board."
skinny
- 12 Mar 2014 15:53
- 214 of 301
New all time high @700p.702p.
;MA(50);MA(200)&IND=MACD(26,12,9);RSI(14);VOLMA(60)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=)
cynic
- 12 Mar 2014 16:05
- 215 of 301
glad i added more about a week ago :-)
skinny
- 02 Apr 2014 07:08
- 216 of 301
Appointment of Chief Executive Officer
The Board of The Restaurant Group plc is pleased to announce the appointment of Danny Breithaupt as Chief Executive Officer. Mr Breithaupt will join the Board on 1 September 2014 at which point he will take up the position of Chief Executive Officer following the retirement of Andrew Page at the end of August. Over the next few months he will be working closely with Mr Page to ensure a smooth handover of responsibilities.
Mr Breithaupt is currently Managing Director of the Group's Leisure business. He originally joined The Restaurant Group in 2001 and has held a number of senior positions in the Group before taking on his current role in 2012. His earlier career included a number of years in Whitbread PLC. Mr Breithaupt's appointment follows completion of an extensive search carried out by a leading Executive Search firm.
The Board of The Restaurant Group plc is pleased to announce the appointment of Danny Breithaupt as Chief Executive Officer. Mr Breithaupt will join the Board on 1 September 2014 at which point he will take up the position of Chief Executive Officer following the retirement of Andrew Page at the end of August. Over the next few months he will be working closely with Mr Page to ensure a smooth handover of responsibilities.
Mr Breithaupt is currently Managing Director of the Group's Leisure business. He originally joined The Restaurant Group in 2001 and has held a number of senior positions in the Group before taking on his current role in 2012. His earlier career included a number of years in Whitbread PLC. Mr Breithaupt's appointment follows completion of an extensive search carried out by a leading Executive Search firm.
skinny
- 03 Apr 2014 07:27
- 217 of 301
JP Morgan Cazenove Overweight 700.00 700.00 750.00 755.00 Reiterates
skinny
- 03 Jul 2014 10:41
- 218 of 301
Numis Buy 616.75 616.00 725.00 725.00 Upgrades
goldfinger
- 13 Aug 2014 15:55
- 219 of 301
RTN got a lot going for it at the moment..13 Aug 2014 Restaurant Group... RTN Numis Buy 651.25 639.50 725.00 725.00 SP Target 725p
skinny
- 29 Aug 2014 07:38
- 220 of 301
Interim Results
· Another strong financial performance:
* all results are stated excluding non-trading items
- Total revenue increased 10% to £308m (2013: £280m)
- Like-for-like sales increased by 2.5%
- Operating profit margins increased by 20bps
- EBITDA increased by 13.5% to £53.2m (2013: £46.9m)
- Profit before tax increased by 12.3% to £33.7m (2013: £30.0m)
- EPS rose 15% to 12.8p (2013: 11.2p)
- Operating cash flow of £55.9m (2013: £49.4m)
· Interim dividend increased by 16% to 6.1p per share (2013: 5.25p)
· Acceleration of new site development:
- 17 new sites opened in the first half
- A further three new sites opened so far in the second half
- 38-43 new sites expected for 2014
· Continued strong trading with year to date like-for-like sales for the 34 weeks to 24 August 2014 at 3.5%
· Board is confident of another year of good progress in 2014
Andrew Page, Chief Executive of The Restaurant Group plc commented as follows:
"The Restaurant Group has delivered another record set of results, with double digit growth in earnings, dividends and cashflow.
These results reflect the hard work and efforts of all of the TRG team and I would like to record my thanks to them for delivering another outstanding performance.
The Restaurant Group is in great shape, I am confident that it will continue to prosper and I wish Danny and the TRG team well as they take the business forwards."
Danny Breithaupt, incoming Chief Executive, added:
"I am delighted to be taking on the leadership of TRG with the business in such great shape. TRG has a clear strategy, successful brands and a great team of people. This is a terrific platform for the further growth of the business, and I am looking forward to building on this and leading the Company through its next phase of development."
· Another strong financial performance:
* all results are stated excluding non-trading items
- Total revenue increased 10% to £308m (2013: £280m)
- Like-for-like sales increased by 2.5%
- Operating profit margins increased by 20bps
- EBITDA increased by 13.5% to £53.2m (2013: £46.9m)
- Profit before tax increased by 12.3% to £33.7m (2013: £30.0m)
- EPS rose 15% to 12.8p (2013: 11.2p)
- Operating cash flow of £55.9m (2013: £49.4m)
· Interim dividend increased by 16% to 6.1p per share (2013: 5.25p)
· Acceleration of new site development:
- 17 new sites opened in the first half
- A further three new sites opened so far in the second half
- 38-43 new sites expected for 2014
· Continued strong trading with year to date like-for-like sales for the 34 weeks to 24 August 2014 at 3.5%
· Board is confident of another year of good progress in 2014
Andrew Page, Chief Executive of The Restaurant Group plc commented as follows:
"The Restaurant Group has delivered another record set of results, with double digit growth in earnings, dividends and cashflow.
These results reflect the hard work and efforts of all of the TRG team and I would like to record my thanks to them for delivering another outstanding performance.
The Restaurant Group is in great shape, I am confident that it will continue to prosper and I wish Danny and the TRG team well as they take the business forwards."
Danny Breithaupt, incoming Chief Executive, added:
"I am delighted to be taking on the leadership of TRG with the business in such great shape. TRG has a clear strategy, successful brands and a great team of people. This is a terrific platform for the further growth of the business, and I am looking forward to building on this and leading the Company through its next phase of development."
skinny
- 28 Oct 2014 07:10
- 221 of 301
The Restaurant Group plc will issue its Interim Management Statement on Friday, 14 November 2014.
goldfinger
- 13 Nov 2014 22:03
- 222 of 301
RTN RESTAURANT GROUP looking good after breakout. 06 Nov Berenberg Buy 684.50 - 800.00 Initiates/Starts. Quality Company, not cheap on fundies but plenty of momentum behind it. Interim Management Statement Release tomorrow, see how it pans out before buying if interested.
goldfinger
- 14 Nov 2014 08:08
- 223 of 301
Although results will be in line with expectations the market is marking it down, one best left alone I think unless we get a miraculous recovery.
cynic
- 14 Nov 2014 08:15
- 224 of 301
the price has been thumped which certainly looks well overdone to me
no great selling pressure, so may be worth a blood worm on a ledger :-)
no great selling pressure, so may be worth a blood worm on a ledger :-)
goldfinger
- 14 Nov 2014 08:20
- 225 of 301
Ohhh id leave it alone. Other opps out there. ITV for instance.
cynic
- 14 Nov 2014 08:40
- 226 of 301
they've bounced a bit but i already hold a few anyway
small loss now running, but minimal
small loss now running, but minimal
HARRYCAT
- 14 Nov 2014 08:53
- 227 of 301
StockMarketWire.com
The Restaurant Group remains confident it will continue to make good progress during the remainder of the year, although sales have shown lower growth since end-August and the company is seeing some cost pressures.
"Nevertheless, we still expect to report good full year results, showing material progress on the prior year," said the company in an interim management statement for the 45 weeks to Nov. 9.
"Since our half-year results announcement at the end of August, the Group has continued to make progress. After 45 weeks trade in 2014, total sales are 10.3% ahead of the comparable period in 2013 and like-for-like sales are 3.0% ahead.
"We have opened 24 new restaurants in 2014 to date. These are performing well and are set to deliver strong returns in line with our usual targets.
"We expect to open a further 16 sites before the end of the year, taking the total to 40 new sites in 2014 (2013: 35). The pre-opening costs for these and a number of new sites that will open in January 2015 will be incurred in the last quarter of the current year as we continue to invest in the Group's future.
"Our pipeline of new site openings continues to improve and we expect to further strengthen the rate of new openings in 2015.
"The Group's balance sheet position remains strong and cash continues to be generated at levels which allow the Group to maintain investment in our existing portfolio and open new restaurants."
The Restaurant Group remains confident it will continue to make good progress during the remainder of the year, although sales have shown lower growth since end-August and the company is seeing some cost pressures.
"Nevertheless, we still expect to report good full year results, showing material progress on the prior year," said the company in an interim management statement for the 45 weeks to Nov. 9.
"Since our half-year results announcement at the end of August, the Group has continued to make progress. After 45 weeks trade in 2014, total sales are 10.3% ahead of the comparable period in 2013 and like-for-like sales are 3.0% ahead.
"We have opened 24 new restaurants in 2014 to date. These are performing well and are set to deliver strong returns in line with our usual targets.
"We expect to open a further 16 sites before the end of the year, taking the total to 40 new sites in 2014 (2013: 35). The pre-opening costs for these and a number of new sites that will open in January 2015 will be incurred in the last quarter of the current year as we continue to invest in the Group's future.
"Our pipeline of new site openings continues to improve and we expect to further strengthen the rate of new openings in 2015.
"The Group's balance sheet position remains strong and cash continues to be generated at levels which allow the Group to maintain investment in our existing portfolio and open new restaurants."
goldfinger
- 14 Nov 2014 08:56
- 228 of 301
Seem to be getting mark downs on good results declared along with bad results at the moment.
skinny
- 14 Nov 2014 08:58
- 229 of 301
Panmure Gordon Buy 640.50 684.50 750.00 750.00 Retains
N+1 Singer Hold 640.50 684.50 700.00 700.00 Reiterates
N+1 Singer Hold 640.50 684.50 700.00 700.00 Reiterates
goldfinger
- 25 Nov 2014 14:44
- 230 of 301
RTN Restaurant Group chart looking rather bullish. SP coming off a bullish Double Bottom. Good Broker coverage..... WATCH for entry.
skinny
- 09 Jan 2015 07:01
- 231 of 301
Post close update and Christmas trading
The Group is pleased to provide an update on the 2014 full year trading outturn. For the 52 weeks ending 28 December, total turnover was up 9.6% on the prior year, and like-for-like sales increased by 2.8%. Christmas trading was strong with like-for-like sales growth of 5% over the 2 week holiday period to 4th January.
During 2014 we opened a total of 40 new restaurants, compared to 35 in the previous year. We are very pleased with how these are trading and they are set to deliver strong returns. Since 2009 we have increased the number of openings each year and we expect to do so again in 2015. We have excellent visibility on the composition of this opening programme and anticipate opening between 42 and 50 new restaurants during 2015.
The Group's full year results will be announced at the end of February, and are expected to be within the range of market forecasts. The results will show material growth in both earnings and cash flow versus the prior year, notwithstanding the cost issues noted at the time of the November IMS.
The outlook for 2015 and beyond is very positive with growth in disposable consumer incomes, an increasing number of new site openings, and a considerably improved outlook for UK Cinema performance. Following 2014, which has been the weakest year for cinema admissions for many years, 2015 and 2016 are expected to show significant growth as a result of much stronger film release schedules. After 5 years of decline, we are now starting to see increasing real incomes, a trend which is expected to become more strongly established during the course of 2015.
These factors are all clearly positive for the future prospects of the Group and underpin our confidence in delivering further profitable progress in 2015 and subsequent years.
The Group is pleased to provide an update on the 2014 full year trading outturn. For the 52 weeks ending 28 December, total turnover was up 9.6% on the prior year, and like-for-like sales increased by 2.8%. Christmas trading was strong with like-for-like sales growth of 5% over the 2 week holiday period to 4th January.
During 2014 we opened a total of 40 new restaurants, compared to 35 in the previous year. We are very pleased with how these are trading and they are set to deliver strong returns. Since 2009 we have increased the number of openings each year and we expect to do so again in 2015. We have excellent visibility on the composition of this opening programme and anticipate opening between 42 and 50 new restaurants during 2015.
The Group's full year results will be announced at the end of February, and are expected to be within the range of market forecasts. The results will show material growth in both earnings and cash flow versus the prior year, notwithstanding the cost issues noted at the time of the November IMS.
The outlook for 2015 and beyond is very positive with growth in disposable consumer incomes, an increasing number of new site openings, and a considerably improved outlook for UK Cinema performance. Following 2014, which has been the weakest year for cinema admissions for many years, 2015 and 2016 are expected to show significant growth as a result of much stronger film release schedules. After 5 years of decline, we are now starting to see increasing real incomes, a trend which is expected to become more strongly established during the course of 2015.
These factors are all clearly positive for the future prospects of the Group and underpin our confidence in delivering further profitable progress in 2015 and subsequent years.
cynic
- 22 Jan 2015 16:14
- 232 of 301
sod's law
banked a very nice profit at 616.5, but it's since whizzed another 8p
never mind
banked a very nice profit at 616.5, but it's since whizzed another 8p
never mind
cp1 - 22 Jan 2015 16:32 - 233 of 301
'716.5' perhaps.
cynic
- 22 Jan 2015 16:36
- 234 of 301
indeed :-)
skinny
- 27 Feb 2015 07:27
- 235 of 301
aldwickk
- 14 Mar 2015 08:26
- 236 of 301
cynic , copy trading goldfinger again , no wonder he wants him back on here
cynic
- 15 Mar 2015 13:50
- 237 of 301
aldo - why don't you just bugger off and do yourself a favour at the same time?
i suspect, but don't know, that GF is actually following me as this is a stock that i have both held and traded for many a long year
i suspect, but don't know, that GF is actually following me as this is a stock that i have both held and traded for many a long year
aldwickk
- 15 Mar 2015 15:12
- 238 of 301
cynic
I leave the buggery to you , is it one of the habits you picked up in the Middle East
I leave the buggery to you , is it one of the habits you picked up in the Middle East
cynic
- 15 Mar 2015 15:36
- 239 of 301
not so; it's standard practice at any good public school, either by one of the senior boys or from a master if you were one of the chosen .... but as you're just a pleb (a peasant or one of the great unwashed to the uneducated), you'ld never appreciate the finer art of same, for your sheep just aren't in the same league
skinny
- 25 Mar 2015 06:55
- 240 of 301
Deutsche Bank Hold 696.75 696.50 675.00 785.00 Reiterate
skinny
- 14 May 2015 11:24
- 241 of 301
AGM Statement
At the AGM of The Restaurant Group plc ("the Group"), to be held later today, Alan Jackson, Chairman, will provide the following trading update:
Current trading
Trading for the 19 week period ended 10 May 2015 has been good, with total sales 8.5% ahead of the previous year and like-for-like sales 2.0% ahead.
In the year to date we have opened 9 new restaurants. These sites are trading well and are set to deliver strong returns.
In total we expect to open between 42 and 50 new restaurants this year (2014: 40), approximately two thirds of which will open in the second half. The quality and visibility of our new site pipeline over the next three years remains excellent.
Balance sheet and financial position
The Group's balance sheet remains strong and continues to benefit from good cash generation from our operations.
Subject to approval at the AGM, the final dividend in respect of the year ended 28 December 2014 of 9.3p per share will be paid on 8 July 2015 to shareholders on the register on 19 June 2015. This will make the full year dividend in respect of 2014 a total of 15.4p per share which represents a 10% increase on the 2013 dividend.
Outlook
The Group is trading in-line with expectations and we are on track to report a good first half performance. With an improving film release schedule and slightly easier comparatives in the last four months of the year, we anticipate momentum continuing to build well in the second half of the year.
At the AGM of The Restaurant Group plc ("the Group"), to be held later today, Alan Jackson, Chairman, will provide the following trading update:
Current trading
Trading for the 19 week period ended 10 May 2015 has been good, with total sales 8.5% ahead of the previous year and like-for-like sales 2.0% ahead.
In the year to date we have opened 9 new restaurants. These sites are trading well and are set to deliver strong returns.
In total we expect to open between 42 and 50 new restaurants this year (2014: 40), approximately two thirds of which will open in the second half. The quality and visibility of our new site pipeline over the next three years remains excellent.
Balance sheet and financial position
The Group's balance sheet remains strong and continues to benefit from good cash generation from our operations.
Subject to approval at the AGM, the final dividend in respect of the year ended 28 December 2014 of 9.3p per share will be paid on 8 July 2015 to shareholders on the register on 19 June 2015. This will make the full year dividend in respect of 2014 a total of 15.4p per share which represents a 10% increase on the 2013 dividend.
Outlook
The Group is trading in-line with expectations and we are on track to report a good first half performance. With an improving film release schedule and slightly easier comparatives in the last four months of the year, we anticipate momentum continuing to build well in the second half of the year.
cynic
- 17 Jul 2015 09:01
- 242 of 301
curious ...... sp has clunked for no obvious reason
unless someone knows something we do not, this level could be a decent buying opportunity into (what i consider) to be a damn good company in the right sector
unless someone knows something we do not, this level could be a decent buying opportunity into (what i consider) to be a damn good company in the right sector
HARRYCAT
- 17 Jul 2015 09:06
- 243 of 301
.
skinny
- 28 Aug 2015 07:04
- 244 of 301
Half Yearly Report
Strong trading performance across all brands with good growth in turnover, profit and margins:
- Total revenue increased 8% to £334m (2014: £308m)
- Like-for-like sales increased by 2.5%
- Operating profit margins increased by 10bps
- EBITDA increased by 8% to £57.4m (2014: £53.2m)
- Profit before tax increased by 10% to £36.9m (2014: £33.7m)
- EPS rose 12% to 14.3p (2014: 12.8p)
- Operating cash flow of £60.0m (2014: £55.9m)
· Interim dividend increased by 11.5% to 6.8p per share (2014: 6.1p)
· Accelerating new site development:
- 12 new sites opened in the first half
- A further 9 new sites opened so far in the second half
- 43-48 new sites expected for 2015
· Year to date like-for-like sales for the 34 weeks to 23 August 2015 up 2%
· Board is confident of another year of good progress in 2015
Strong trading performance across all brands with good growth in turnover, profit and margins:
- Total revenue increased 8% to £334m (2014: £308m)
- Like-for-like sales increased by 2.5%
- Operating profit margins increased by 10bps
- EBITDA increased by 8% to £57.4m (2014: £53.2m)
- Profit before tax increased by 10% to £36.9m (2014: £33.7m)
- EPS rose 12% to 14.3p (2014: 12.8p)
- Operating cash flow of £60.0m (2014: £55.9m)
· Interim dividend increased by 11.5% to 6.8p per share (2014: 6.1p)
· Accelerating new site development:
- 12 new sites opened in the first half
- A further 9 new sites opened so far in the second half
- 43-48 new sites expected for 2015
· Year to date like-for-like sales for the 34 weeks to 23 August 2015 up 2%
· Board is confident of another year of good progress in 2015
Chris Carson
- 04 Dec 2015 22:56
- 245 of 301
Chris Carson
- 04 Dec 2015 23:01
- 246 of 301
Looks interesting, couple of gaps filled on the way up. See how it opens on Monday.
skinny
- 14 Jan 2016 08:12
- 247 of 301
Post Close Update
The Group today provides an update on the 2015 full year trading outturn.
For the 52 weeks ended 27 December 2015, total turnover was up 7.9% on the prior year, and like-for-like sales increased by 1.5%. The Group's full year results will be announced on 9th March. These are expected to show material growth in both earnings and cash flow versus the prior year, with profits for the full year towards the middle of the current range of market expectations.
During 2015 we opened a total of 44 new restaurants. We are very pleased with how these are trading and they are set to deliver strong returns. We have good visibility on the composition of the opening programme and we anticipate opening a broadly similar number of new restaurants during 2016.
It has become apparent from much of the recent data from the retail sector and the wider economy that the trading environment for many consumer facing businesses has been tougher in recent months than it was earlier in 2015. This has caused like-for-like sales growth to trend lower and accordingly we are more cautious than previously on the outlook for 2016. A possible referendum on the UK's continued membership of the European Union, National Living Wage implementation and global uncertainty are all additional issues that we are conscious of going into the new year.
That said TRG has an excellent portfolio of businesses with strong market positions. The Company's move towards a more balanced portfolio is paying dividends and we have a proven track record established over many years of delivering strong financial returns and excellent cash flows, even through more difficult trading periods. Therefore, notwithstanding some of the uncertainties described above, we are confident that TRG is well positioned to deliver further profitable progress in 2016 and subsequent years.
The Group today provides an update on the 2015 full year trading outturn.
For the 52 weeks ended 27 December 2015, total turnover was up 7.9% on the prior year, and like-for-like sales increased by 1.5%. The Group's full year results will be announced on 9th March. These are expected to show material growth in both earnings and cash flow versus the prior year, with profits for the full year towards the middle of the current range of market expectations.
During 2015 we opened a total of 44 new restaurants. We are very pleased with how these are trading and they are set to deliver strong returns. We have good visibility on the composition of the opening programme and we anticipate opening a broadly similar number of new restaurants during 2016.
It has become apparent from much of the recent data from the retail sector and the wider economy that the trading environment for many consumer facing businesses has been tougher in recent months than it was earlier in 2015. This has caused like-for-like sales growth to trend lower and accordingly we are more cautious than previously on the outlook for 2016. A possible referendum on the UK's continued membership of the European Union, National Living Wage implementation and global uncertainty are all additional issues that we are conscious of going into the new year.
That said TRG has an excellent portfolio of businesses with strong market positions. The Company's move towards a more balanced portfolio is paying dividends and we have a proven track record established over many years of delivering strong financial returns and excellent cash flows, even through more difficult trading periods. Therefore, notwithstanding some of the uncertainties described above, we are confident that TRG is well positioned to deliver further profitable progress in 2016 and subsequent years.
cynic
- 14 Jan 2016 08:37
- 248 of 301
i've followed these for years, but thank goodness i don't currently hold any
HARRYCAT
- 15 Jan 2016 09:34
- 249 of 301
Berenberg today reaffirms its buy investment rating on Restaurant Group (The) PLC (LON:RTN) and cut its price target to 750p (from 800p).
JP Morgan Cazenove today downgrades its investment rating on Restaurant Group (The) PLC (LON:RTN) to neutral (from overweight) and cut its price target to 710p (from 815p).
Peel Hunt today upgrades its investment rating on Restaurant Group (The) PLC (LON:RTN) to hold (from sell) and left its price target at 580p.
JP Morgan Cazenove today downgrades its investment rating on Restaurant Group (The) PLC (LON:RTN) to neutral (from overweight) and cut its price target to 710p (from 815p).
Peel Hunt today upgrades its investment rating on Restaurant Group (The) PLC (LON:RTN) to hold (from sell) and left its price target at 580p.
cynic
- 22 Jan 2016 08:34
- 250 of 301
at the current level (517) this may be a worth a punt
the hammering the share took after its quite good results is probably overdone, though don't forget that we are still in potential bear-market territory
the hammering the share took after its quite good results is probably overdone, though don't forget that we are still in potential bear-market territory
HARRYCAT
- 09 Mar 2016 07:32
- 251 of 301
StockMarketWire.com
Restaurant Group has hiked its FY pretax profit by 11.2% to GBP86.8m, with revenues up 7.9% to GBP685m and FY dividend up 13% to 17.4p a share. This was a record financial performance.
CEO Danny Breithaupt commented:
"TRG (The Restaurant Group) has made good progress in 2015 and, despite difficult trading conditions, delivered double digit growth in profits and earnings per share.
"Our strategy of improving the balance of the portfolio is starting to take shape. During the year we opened 44 new restaurants and pubs, taking us past 500 sites for the first time, an important milestone for the business. Our new sites are set to deliver strong returns.
"In common with most consumer businesses we will again have some challenges to face in 2016. However, I am confident that the underlying strengths of our business will enable us to successfully navigate our way through this more challenging external environment."
Restaurant Group has hiked its FY pretax profit by 11.2% to GBP86.8m, with revenues up 7.9% to GBP685m and FY dividend up 13% to 17.4p a share. This was a record financial performance.
CEO Danny Breithaupt commented:
"TRG (The Restaurant Group) has made good progress in 2015 and, despite difficult trading conditions, delivered double digit growth in profits and earnings per share.
"Our strategy of improving the balance of the portfolio is starting to take shape. During the year we opened 44 new restaurants and pubs, taking us past 500 sites for the first time, an important milestone for the business. Our new sites are set to deliver strong returns.
"In common with most consumer businesses we will again have some challenges to face in 2016. However, I am confident that the underlying strengths of our business will enable us to successfully navigate our way through this more challenging external environment."
cynic
- 09 Mar 2016 08:22
- 252 of 301
so why has the share been hammered 17%?
looking at L2, there are no buyers and loads of sellers ..... peculiar
===============
it's so silly that i have taken a small punt at 445.2 which looks good risk/reward
looking at L2, there are no buyers and loads of sellers ..... peculiar
===============
it's so silly that i have taken a small punt at 445.2 which looks good risk/reward
skinny
- 09 Mar 2016 08:28
- 253 of 301
Blimey - I had these in my diary to buy yesterday - for no other reason than memory, I didn't!
skinny
- 09 Mar 2016 09:06
- 254 of 301
Peel Hunt Hold 454.35 580.00 459.00 Retains
skinny
- 09 Mar 2016 09:21
- 255 of 301
Numis Buy 454.50 725.00 725.00 Reiterates
cynic
- 09 Mar 2016 11:48
- 256 of 301
got out at a tiny fraction about b/e as sp does not look to want to recover
wouldn't be surprised to see some hefty bear covering later in the day, but don't want to take the chance
wouldn't be surprised to see some hefty bear covering later in the day, but don't want to take the chance
HARRYCAT
- 09 Mar 2016 12:17
- 257 of 301
Singer note today:
"The FY15 outcome is in-line with previously reduced expectations. So in summary PBT rose by 11.2% to £86.8m, with LFL growth of 1.5%. This fed through to 12.8% EPS growth to 33.8p and EBIT margin was +30bps. The main positive surprise was on the net-debt side of things which came in at £29.2m vs our £39.6m. Divisionally we note positive commentary around Chiquito, Coast to Coast, Pub Restaurants and Concessions.
However, the top-brand, Frankie & Bennny’s had a more challenging year it seems, with increased competition cited as one of the drag features of the year. In FY15 44 new units were added to the overall group portfolio and a broadly similar number is targeted for FY16, albeit we fear there is risk on the downside here. The main talking point this morning is the weak start to FY16 with LFL’s -1.5% after 10 weeks vs a c.2.5% comp. This is below expectations and we fundamentally believe this reflects strong competitive headwinds/over supply – as outlined in our large sector note recently. We accept there may be some cannibalisation of RTN sites as a factor also.
Management put the slow start down to faltering UK consumer demand, but judging by recent updates from Greggs, Revolution Bars and Domino’s, we would argue that over supply in the casual dining sector is the key factor.
With management effectively guiding to flat LFL’s this morning and given the ST NLW headwind, we see 3-4% downside risk to current year forecasts and greater than 5% for FY17 and FY18. We move back to Sell with a reduced 12m TP of 450p – effectively 13.5x FY16 earnings."
"The FY15 outcome is in-line with previously reduced expectations. So in summary PBT rose by 11.2% to £86.8m, with LFL growth of 1.5%. This fed through to 12.8% EPS growth to 33.8p and EBIT margin was +30bps. The main positive surprise was on the net-debt side of things which came in at £29.2m vs our £39.6m. Divisionally we note positive commentary around Chiquito, Coast to Coast, Pub Restaurants and Concessions.
However, the top-brand, Frankie & Bennny’s had a more challenging year it seems, with increased competition cited as one of the drag features of the year. In FY15 44 new units were added to the overall group portfolio and a broadly similar number is targeted for FY16, albeit we fear there is risk on the downside here. The main talking point this morning is the weak start to FY16 with LFL’s -1.5% after 10 weeks vs a c.2.5% comp. This is below expectations and we fundamentally believe this reflects strong competitive headwinds/over supply – as outlined in our large sector note recently. We accept there may be some cannibalisation of RTN sites as a factor also.
Management put the slow start down to faltering UK consumer demand, but judging by recent updates from Greggs, Revolution Bars and Domino’s, we would argue that over supply in the casual dining sector is the key factor.
With management effectively guiding to flat LFL’s this morning and given the ST NLW headwind, we see 3-4% downside risk to current year forecasts and greater than 5% for FY17 and FY18. We move back to Sell with a reduced 12m TP of 450p – effectively 13.5x FY16 earnings."
cynic
- 09 Mar 2016 15:07
- 258 of 301
a scary 5-year chart ..... in particular, look at what happened immediately following the last 2 sets of figures ..... i had a lucky escape earlier :-)
HARRYCAT
- 10 Mar 2016 08:02
- 259 of 301
Berenberg today downgrades its investment rating on Restaurant Group (The) PLC (LON:RTN) to hold (from buy) and cut its price target to 550p (from 750p).
2517GEORGE
- 10 Mar 2016 09:16
- 260 of 301
I'd have thought with 140p (33%) upside to their tp it would remain a buy.
2517
2517
HARRYCAT
- 10 Mar 2016 09:21
- 261 of 301
We are talking about brokers, who seem to exist in their own world totally devoid of reality! They almost never include at time line in their recommendations, so their target price could be achieved tomorrow or next year or..........
I only add them to any thread as another opinion to throw into the mix, but I don't have much faith in them.
skinny
- 10 Mar 2016 09:49
- 262 of 301
They come from Barcelona and they know .......
HARRYCAT
- 11 Mar 2016 09:33
- 263 of 301
Deutsche Bank today downgrades its investment rating on Restaurant Group PLC (LON:RTN) to hold (from buy) and cut its price target to 525p (from 690p).
cynic
- 11 Mar 2016 10:15
- 264 of 301
i stare in wonderment at the massive fall in this stock
i really can't see that it's warranted, especially as the markets are (mistakenly!) trying to head north
i had a very lucky escape the other day
i really can't see that it's warranted, especially as the markets are (mistakenly!) trying to head north
i had a very lucky escape the other day
HARRYCAT
- 11 Mar 2016 10:20
- 265 of 301
You did, and it doesn't look as though the sp is about to change direction atm. However, certainly worth watching imo, as at some point, if it changes direction, there are some significant gaps to trade.
skinny
- 31 Mar 2016 13:25
- 266 of 301
Just had a small long here.
;MA(50);MA(200)&IND=MACD(26,12,9);RSI(14)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=)
cynic
- 29 Apr 2016 08:13
- 267 of 301
very serious OUCH OUCH OUCH if you are a holder ..... fortunately i haven't been for quite a while
* Restaurant Group down 15 pct after company cuts its full-year outlook again and warns that it sees no improvement in the short-term
* Co says competition from online shopping, pubs and other chains continues to weigh [nL3N17W23L]
* Shares, already reeling from a dismal outlook issued last month, fell to their lowest since Aug 2012
* Co says trading conditions deteriorated further since the March update and that it has now commenced a review of operating strategy
* Co's CFO to leave with immediate effect
* Restaurant Group down 15 pct after company cuts its full-year outlook again and warns that it sees no improvement in the short-term
* Co says competition from online shopping, pubs and other chains continues to weigh [nL3N17W23L]
* Shares, already reeling from a dismal outlook issued last month, fell to their lowest since Aug 2012
* Co says trading conditions deteriorated further since the March update and that it has now commenced a review of operating strategy
* Co's CFO to leave with immediate effect
2517GEORGE
- 29 Apr 2016 12:56
- 268 of 301
Sector seems ripe for consolidation.
2517
2517
Claret Dragon
- 30 Apr 2016 06:52
- 269 of 301
F & B Chaıns are awful. Chıquıto the same. How they got away wıth ıt for so long ıs the real shock.
Is ıt a buy yet? :)
Is ıt a buy yet? :)
cynic
- 01 May 2016 14:33
- 270 of 301
read ST
arguably a t/o target but prepare for a bumpy ride
arguably a t/o target but prepare for a bumpy ride
HARRYCAT
- 03 May 2016 08:58
- 271 of 301
The chart looks like the terracing of the vineyards in northern Portugal, where I am at mo!!! Strangely Just Eat seems to be doing quite well, but that is internet delivery rather than bums on seats in a restaurant. I wonder if people's tastes in dining are changing again! (Excl London)
cynic
- 03 May 2016 09:28
- 272 of 301
we went to cascais for the first time last summer and liked it so much - and the fish! - that we'll be back there at the end of june
HATE the algarve though and would certainly never pay to go back there
HATE the algarve though and would certainly never pay to go back there
HARRYCAT
- 03 May 2016 10:16
- 273 of 301
I am half way down now. Was going to head towards Algarve. It's not yet the holiday season here, so all pretty quiet. Absolutely lovely country, lovely food and wine (my first time). A friend said Portugal is like the UK in the 60's. The young hate it, but us older folks think it's really quaint.
cynic
- 03 May 2016 10:20
- 274 of 301
algarve is full of ex pats and overpriced 2nd-rate restaurants with menus in german!
HARRYCAT
- 03 May 2016 10:25
- 275 of 301
Thanks for the tip Mr C. Will have to see what the weather forecast is to decide on north or south for our next day's journey (in Motorhome).
cynic
- 03 May 2016 11:12
- 276 of 301
lisbon is well worth a visit, but don't try to drive into the city to park
far better to park outside and catch a train in - very easy and frequent service
far better to park outside and catch a train in - very easy and frequent service
Fred1new
- 03 May 2016 12:06
- 277 of 301
Harry,
If you are wandering south from Lisbon take the coastal road from Setubal, via Grandola, Sines and Vila Nova de Milfontes, Odemira, Aljezur. Also, go to Vila Do Bispo
and Sagres.
Milfontes, is a beautiful bay and does have a campsite for parking. (Never used it.)
Very nice patisserie on the main street.
Beautiful, coast with many good restaurants, but stick to the simpler dishes. Fish food is fresh and generally grilled.
I have driven that coast in my 33foot motorhome and had no difficulties even though at the time some of the roads were being upgraded.
The Campsites are basic, but all I needed was occasional dumping and fresh water.
I wild camped in Portugal on and off for 3-4 or more years. The people were nice, friendly and helpful.
The country is beautiful.
The centre of Portugal and its lakes are also beautiful, but fill up with diesel or petrol.
Good luck.
I hope that I can revisit the country.
If you are wandering south from Lisbon take the coastal road from Setubal, via Grandola, Sines and Vila Nova de Milfontes, Odemira, Aljezur. Also, go to Vila Do Bispo
and Sagres.
Milfontes, is a beautiful bay and does have a campsite for parking. (Never used it.)
Very nice patisserie on the main street.
Beautiful, coast with many good restaurants, but stick to the simpler dishes. Fish food is fresh and generally grilled.
I have driven that coast in my 33foot motorhome and had no difficulties even though at the time some of the roads were being upgraded.
The Campsites are basic, but all I needed was occasional dumping and fresh water.
I wild camped in Portugal on and off for 3-4 or more years. The people were nice, friendly and helpful.
The country is beautiful.
The centre of Portugal and its lakes are also beautiful, but fill up with diesel or petrol.
Good luck.
I hope that I can revisit the country.
Fred1new
- 03 May 2016 12:19
- 278 of 301
PS.
Oporto is a beautiful town and if you drift up the Douro and back down the other side there are some lovely little towns and it is fascinating to see the small patches in the hillside used for growing grapes for Port.
-=-=-=
Coimbra the university town is another visit and Tomar.
Tomar has a beautiful little campsite and a little restaurant near the bridge leading to the campsite serving barbequed Goat kid.
-=-=-=
I think it is time to dream again.
Oporto is a beautiful town and if you drift up the Douro and back down the other side there are some lovely little towns and it is fascinating to see the small patches in the hillside used for growing grapes for Port.
-=-=-=
Coimbra the university town is another visit and Tomar.
Tomar has a beautiful little campsite and a little restaurant near the bridge leading to the campsite serving barbequed Goat kid.
-=-=-=
I think it is time to dream again.
Fred1new
- 03 May 2016 12:26
- 279 of 301
PS.
If you go to Lisbon in the motor-home you camp safely at Orbitur Campsite across the Tragus at Costa Caparica and take the ferry into the city centre.
The campsite is a bit rough and ready, but transport to the ferry is easy.
Go to the old town in Lisbon.
If you go to Lisbon in the motor-home you camp safely at Orbitur Campsite across the Tragus at Costa Caparica and take the ferry into the city centre.
The campsite is a bit rough and ready, but transport to the ferry is easy.
Go to the old town in Lisbon.
cynic
- 03 May 2016 12:32
- 280 of 301
conducted (private) walking tours of lisbon are also very much worthwhile
shame tomar is so far (2 hours drive) from cascais ..... makes it a bit of a fag to go there and back for the day
shame tomar is so far (2 hours drive) from cascais ..... makes it a bit of a fag to go there and back for the day
HARRYCAT
- 03 May 2016 14:14
- 281 of 301
Thanks for the info guys. Looks like low pressure moving in for the next five days, so doesn't really matter north or south. Suspect south will be the preferred option. Currently at Pedrogao. No complaints really as it's 26 deg at noon most days!
skinny
- 03 May 2016 14:29
- 282 of 301
Harry - enjoy!
HARRYCAT
- 03 May 2016 18:43
- 283 of 301
Thanks skinny. Sadly we have a storm approaching from the south west, so not sure which direction to go now!!!
HARRYCAT
- 09 May 2016 18:44
- 284 of 301
UBS note today:
"Short term uncertainty overrides long-term opportunity
Restaurant Group’s profit warning on 29th April highlighted a deteriorating LFL trend, with -2.7% LFL for the 17 weeks to 24 April indicating a LFL decline of -4.4% for the last 7 weeks. Management appear yet to have a clear explanation for the weakness, let alone a solution. As a result, we are cautious on the near term potential for a LFL turnaround. Whilst there is some valuation support at these levels, we downgrade from Buy to Neutral to reflect the lack of visibility, pending details of the strategic review.
LFL weakness a combination of factors, but clarity on problem is limited The sharp decline in group LFL growth looks to be a combination of; (1) tougher consumer backdrop; (2) increased competition driven by strong supply growth; (3) brand positioning. In particular, there are clearly questions around the brand positioning of F&B, and how effectively it can compete against newer formats. The LFL run-rate implies F&B could be seeing near double-digit LFL declines if you assume other brands are flat, and Pubs & concessions are growing by +2%.
Reduce forecast for LFL growth and new site openings: The group have launched a strategic review of the business, however, we don’t expect any detail until August, and see limited scope for solutions that will meaningfully change the underlying trends in 2016. As a result, we now forecast LFL growth for 2016 of -4.0% vs. management guidance of -2% to -5%, and 2016 PBT of £74.9m vs. guidance of £74-80m. In addition, we forecast new openings of 30 this year to reflect more caution in choice of new sites as part of the strategic review. However, we note that the group remains cash generative despite our forecast margin decline, which implies a 2016E FCF yield of 6.4%, and a c.13% yield excluding expansionary capex.
Valuation: Price target of 305p based on relative multiple valuation We change our valuation methodology from DCF to relative multiples to reflect the uncertainty surrounding the strategy of the group, pending the ongoing review. We value RTN on 10.5x 2016E P/E, in line with the pubs sector (range 6.9x – 14.3x, average 10.5x). Our DCF valuation remains higher at 430p reflecting the potential long-term opportunity, but does not incorporate the heightened execution risk given the ongoing strategic review."
"Short term uncertainty overrides long-term opportunity
Restaurant Group’s profit warning on 29th April highlighted a deteriorating LFL trend, with -2.7% LFL for the 17 weeks to 24 April indicating a LFL decline of -4.4% for the last 7 weeks. Management appear yet to have a clear explanation for the weakness, let alone a solution. As a result, we are cautious on the near term potential for a LFL turnaround. Whilst there is some valuation support at these levels, we downgrade from Buy to Neutral to reflect the lack of visibility, pending details of the strategic review.
LFL weakness a combination of factors, but clarity on problem is limited The sharp decline in group LFL growth looks to be a combination of; (1) tougher consumer backdrop; (2) increased competition driven by strong supply growth; (3) brand positioning. In particular, there are clearly questions around the brand positioning of F&B, and how effectively it can compete against newer formats. The LFL run-rate implies F&B could be seeing near double-digit LFL declines if you assume other brands are flat, and Pubs & concessions are growing by +2%.
Reduce forecast for LFL growth and new site openings: The group have launched a strategic review of the business, however, we don’t expect any detail until August, and see limited scope for solutions that will meaningfully change the underlying trends in 2016. As a result, we now forecast LFL growth for 2016 of -4.0% vs. management guidance of -2% to -5%, and 2016 PBT of £74.9m vs. guidance of £74-80m. In addition, we forecast new openings of 30 this year to reflect more caution in choice of new sites as part of the strategic review. However, we note that the group remains cash generative despite our forecast margin decline, which implies a 2016E FCF yield of 6.4%, and a c.13% yield excluding expansionary capex.
Valuation: Price target of 305p based on relative multiple valuation We change our valuation methodology from DCF to relative multiples to reflect the uncertainty surrounding the strategy of the group, pending the ongoing review. We value RTN on 10.5x 2016E P/E, in line with the pubs sector (range 6.9x – 14.3x, average 10.5x). Our DCF valuation remains higher at 430p reflecting the potential long-term opportunity, but does not incorporate the heightened execution risk given the ongoing strategic review."
HARRYCAT
- 13 May 2016 09:52
- 285 of 301
Berenberg today reaffirms its hold investment rating on Restaurant Group (The) PLC (LON:RTN) and cut its price target to 300p (from 550p).
cynic
- 25 May 2016 16:17
- 286 of 301
on the bubble again on reasonable volume
it's been rather a good buy for a change .... bought a modest number just 5 days ago at 339
it's been rather a good buy for a change .... bought a modest number just 5 days ago at 339
cynic
- 05 Jun 2016 17:51
- 287 of 301
RTN
longish article in today's ST, indicating that t/o may be on the cards, even if not tomorrow
tomorrow may well see a surge unless the markets are badly unsettled by the report of "out" having a 3 point lead - all the referendum polls lie i reckon, the motive being to scare people into (a) voting at all and (b) for remaining
longish article in today's ST, indicating that t/o may be on the cards, even if not tomorrow
tomorrow may well see a surge unless the markets are badly unsettled by the report of "out" having a 3 point lead - all the referendum polls lie i reckon, the motive being to scare people into (a) voting at all and (b) for remaining
cynic
- 22 Jul 2016 09:36
- 288 of 301
RTN + CINE
if CINE is reckoned to be good defensively in these difficult times, then it may be worth revisiting RTN (sp bouncing on 50 dma) many of whose sites are alongside
RTN has been justifiably whacked in recent weeks, but there is the additional thought that some predator may take them out - not a reason to buy in itself
============
just bought a few for my sipp at 321
may need to tuck away for a while,but looked a reasonable risk/reward
if CINE is reckoned to be good defensively in these difficult times, then it may be worth revisiting RTN (sp bouncing on 50 dma) many of whose sites are alongside
RTN has been justifiably whacked in recent weeks, but there is the additional thought that some predator may take them out - not a reason to buy in itself
============
just bought a few for my sipp at 321
may need to tuck away for a while,but looked a reasonable risk/reward
cynic
- 12 Aug 2016 11:28
- 289 of 301
RTN
big rise (+13% = 50p = 427) with similar volume
already 5m traded against norm of 2m for the day
CEO has been booted and also not impossible that a bid is being lined for them as was suggested some time back following the lousy results
big rise (+13% = 50p = 427) with similar volume
already 5m traded against norm of 2m for the day
CEO has been booted and also not impossible that a bid is being lined for them as was suggested some time back following the lousy results
Chris Carson
- 12 Aug 2016 15:14
- 290 of 301
Well done here cynic.
dreamcatcher
- 12 Aug 2016 17:18
- 291 of 301
Well done :-))
cynic
- 12 Aug 2016 17:34
- 292 of 301
thanks chaps :-)
as always, one regrets not having more, but we all know about the greed syndrome
as always, one regrets not having more, but we all know about the greed syndrome
dreamcatcher
- 12 Aug 2016 17:46
- 293 of 301
You did say as well :-))
Cineworld thread
cynic - 11 Jul 2016 20:11 - 384 of 393
worth looking at RTN in conjunction with this
Cineworld thread
cynic - 11 Jul 2016 20:11 - 384 of 393
worth looking at RTN in conjunction with this
dreamcatcher
- 12 Aug 2016 22:59
- 294 of 301
12 Aug Canaccord... 550.00 Buy
12 Aug Panmure Gordon 335.00 Hold
12 Aug Peel Hunt 380.00 Hold
12 Aug Panmure Gordon 335.00 Hold
12 Aug Peel Hunt 380.00 Hold
HARRYCAT
- 13 Aug 2016 09:27
- 295 of 301
cynic
- 21 Aug 2016 17:35
- 296 of 301
another interesting article in today's ST
dividend likely to be cut by about 12%, reflecting crummy trading results (due this coming friday)
however, there remainns a strong possibility of a takeover
it'll be interesting to see which way the shares move in the coming days
dividend likely to be cut by about 12%, reflecting crummy trading results (due this coming friday)
however, there remainns a strong possibility of a takeover
it'll be interesting to see which way the shares move in the coming days
HARRYCAT
- 26 Aug 2016 07:44
- 297 of 301
StockMarketWire.com
Restaurant Group said its trading is in line and maintained its guidance for the FY as it swung to an H1 loss.
Pretax loss for the six-month period was £22.5m, from a profit of £36.9m. Revenue was £358.67m, from £333.78m.
"This has been a challenging trading period for our Leisure brands, albeit with a good performance from our pubs and concessions businesses," said chair Debbie Hewitt in a statement.
"The Board has moved quickly to undertake a review of the operating strategy and we now have clarity on the issues facing our Leisure brands, particularly Frankie & Benny's.
"The brand remains relevant and popular and we are confident that improved performance will be achieved by being more customer-focussed and data-driven, and through better operational execution.
"a new executive team is in place to lead the implementation of this first phase of the review and to apply the learnings to our other brands.
"The Company is profitable, highly cash generative and has a strong balance sheet, and given our confidence in the current trading forecast, we are declaring an interim dividend of 6.8 pence per share, unchanged from last year."
HIGHLIGHTS:
- Challenging trading period across Leisure brands; good performance from Pubs and Concessions
- Total revenue up 3.4%* to £358.7m with like-for-like sales down 3.9%
- Operating profit down 4.4%* to £37.5m
- Strong free cash flow of £35.8m
- 33 underperforming sites identified for closure/sale
- Exceptional charge of £59.1m reflecting prospective site closures and 29 site asset value impairments
- EPS down 3.0% to 14.3p on a trading basis and down to -11.2p on a statutory basis
- Interim dividend maintained at 6.8p per share, reflecting confidence in our current trading forecast
- First phase of operating strategy review completed
- Appointment of new Executive team; strengthening of Board with appointment of two new NEDs.
Restaurant Group said its trading is in line and maintained its guidance for the FY as it swung to an H1 loss.
Pretax loss for the six-month period was £22.5m, from a profit of £36.9m. Revenue was £358.67m, from £333.78m.
"This has been a challenging trading period for our Leisure brands, albeit with a good performance from our pubs and concessions businesses," said chair Debbie Hewitt in a statement.
"The Board has moved quickly to undertake a review of the operating strategy and we now have clarity on the issues facing our Leisure brands, particularly Frankie & Benny's.
"The brand remains relevant and popular and we are confident that improved performance will be achieved by being more customer-focussed and data-driven, and through better operational execution.
"a new executive team is in place to lead the implementation of this first phase of the review and to apply the learnings to our other brands.
"The Company is profitable, highly cash generative and has a strong balance sheet, and given our confidence in the current trading forecast, we are declaring an interim dividend of 6.8 pence per share, unchanged from last year."
HIGHLIGHTS:
- Challenging trading period across Leisure brands; good performance from Pubs and Concessions
- Total revenue up 3.4%* to £358.7m with like-for-like sales down 3.9%
- Operating profit down 4.4%* to £37.5m
- Strong free cash flow of £35.8m
- 33 underperforming sites identified for closure/sale
- Exceptional charge of £59.1m reflecting prospective site closures and 29 site asset value impairments
- EPS down 3.0% to 14.3p on a trading basis and down to -11.2p on a statutory basis
- Interim dividend maintained at 6.8p per share, reflecting confidence in our current trading forecast
- First phase of operating strategy review completed
- Appointment of new Executive team; strengthening of Board with appointment of two new NEDs.
hlyeo98 - 26 Aug 2016 14:35 - 298 of 301
The Restaurant Group, the owner of the Frankie & Benny's and Chiquito chains, will sell or close 33 outlets.
Restaurant Group, which runs 500 theme restaurants, said it had been a "challenging trading period".
It said its Frankie & Benny's chain had "suffered due to insufficient focus on value, unsuccessful menu development and poor operational execution".
Those outlets had lost customers after "significant price increases and the removal of popular value offers".
Restaurant Group, which runs 500 theme restaurants, said it had been a "challenging trading period".
It said its Frankie & Benny's chain had "suffered due to insufficient focus on value, unsuccessful menu development and poor operational execution".
Those outlets had lost customers after "significant price increases and the removal of popular value offers".
HARRYCAT
- 25 Jan 2017 10:03
- 299 of 301
StockMarketWire.com
The Restaurant Group sees its FY results in line with previous guidance, but adds that, while total turnover in the 53 weeks to Jan. 1 was up 3.7% to £710.7m, like-for-like sales fell 3.9%. It sees a difficult H1 2017.
"Recent trading continues to be challenging, with 2016 quarter four like-for-like sales down 5.9%, driven by underperformance across our Leisure brands," the company said.
"We expect the trading performance of the business in the first half of 2017 to remain difficult, but anticipate momentum improving towards the end of this transitional year as our initiatives start to take effect."
The group added that during 2017 it would also face well-documented external cost pressures from the increases in the National Living Wage, the National Minimum Wage, the Apprenticeship Levy, the revaluation of business rates, higher energy taxes and increased purchasing costs due to the combined effects of a devalued pound, and commodity inflation.
The group closed 37 sites and opened 24 during the 53-week period that ended 1st Jan.
As presented at the time of its interims, The Restaurant Group had started price and menu trials across Frankie & Benny's, which confirmed that substantial price and proposition changes were required.
"Our strategic review of our other Leisure brands has revealed a need for similarly significant change. We are at the beginning of a transformation programme."
The Restaurant Group sees its FY results in line with previous guidance, but adds that, while total turnover in the 53 weeks to Jan. 1 was up 3.7% to £710.7m, like-for-like sales fell 3.9%. It sees a difficult H1 2017.
"Recent trading continues to be challenging, with 2016 quarter four like-for-like sales down 5.9%, driven by underperformance across our Leisure brands," the company said.
"We expect the trading performance of the business in the first half of 2017 to remain difficult, but anticipate momentum improving towards the end of this transitional year as our initiatives start to take effect."
The group added that during 2017 it would also face well-documented external cost pressures from the increases in the National Living Wage, the National Minimum Wage, the Apprenticeship Levy, the revaluation of business rates, higher energy taxes and increased purchasing costs due to the combined effects of a devalued pound, and commodity inflation.
The group closed 37 sites and opened 24 during the 53-week period that ended 1st Jan.
As presented at the time of its interims, The Restaurant Group had started price and menu trials across Frankie & Benny's, which confirmed that substantial price and proposition changes were required.
"Our strategic review of our other Leisure brands has revealed a need for similarly significant change. We are at the beginning of a transformation programme."
skinny
- 07 Mar 2018 09:38
- 300 of 301
Final results for the 52 weeks ended 31 December 2017
Strategic highlights
· Proposition enhancements in Frankie & Benny's are driving improving volume momentum
· Good progress across other Leisure brands
· Pubs business continues to outperform the market and pipeline of new opportunities further strengthened
· Concessions business expanding into new infrastructure hubs, and with relevant new brands
· Cost reduction programme of £10m delivered ahead of plan, enabling reinvestment in Leisure business
· Enhanced senior leadership team in place
Financial highlights
· Like-for-like sales down 3.0%
· Total sales down 1.8% on a 52 week comparable basis; down 4.4% on a statutory basis
· Adjusted1 profit before tax of £56.7m (2016: £77.1m). Statutory profit before tax of £43.6m (20162: loss of £49.3m)
· Exceptional pre-tax charge of £13.2m (20162: £126.5m)
· Adjusted1 EBITDA of £95.1m (2016: £121.0m)
· Adjusted1 EPS of 22.3p (2016: 30.0p). Statutory EPS of 16.4p (20162: 24.0p loss per share)
· Continued strong free cash flow of £84.9m (2016: £78.9m)
· Operating cash flow of £107.6m (2016: £122.1m)
· Net bank debt of £21.6m at year-end (2016: £28.3m)
· Total full year dividend maintained at 17.4p per share, reflecting the Board's confidence in delivery of the plan
The highlights reflect the statutory 52 week year in 2017 versus the statutory 53 week year in 2016 unless stated otherwise
1 Adjusted reflects pre-exceptional costs and is further defined in the glossary at the end of this report
2 As restated, refer to note 1 for details
Andy McCue, Chief Executive Officer, commented:
"As expected, 2017 was a transitional year for the Group, with significant investments made in price and proposition within our Leisure business, which is driving improving volume momentum. We start 2018 with a significantly more competitive offering in our Leisure business, a strengthened pipeline of growth opportunities in both our Pubs and Concessions businesses, and a leaner, faster and more focused organisation. I'd like to thank our colleagues for embracing the change agenda and for their contribution to stabilising the business."
Strategic highlights
· Proposition enhancements in Frankie & Benny's are driving improving volume momentum
· Good progress across other Leisure brands
· Pubs business continues to outperform the market and pipeline of new opportunities further strengthened
· Concessions business expanding into new infrastructure hubs, and with relevant new brands
· Cost reduction programme of £10m delivered ahead of plan, enabling reinvestment in Leisure business
· Enhanced senior leadership team in place
Financial highlights
· Like-for-like sales down 3.0%
· Total sales down 1.8% on a 52 week comparable basis; down 4.4% on a statutory basis
· Adjusted1 profit before tax of £56.7m (2016: £77.1m). Statutory profit before tax of £43.6m (20162: loss of £49.3m)
· Exceptional pre-tax charge of £13.2m (20162: £126.5m)
· Adjusted1 EBITDA of £95.1m (2016: £121.0m)
· Adjusted1 EPS of 22.3p (2016: 30.0p). Statutory EPS of 16.4p (20162: 24.0p loss per share)
· Continued strong free cash flow of £84.9m (2016: £78.9m)
· Operating cash flow of £107.6m (2016: £122.1m)
· Net bank debt of £21.6m at year-end (2016: £28.3m)
· Total full year dividend maintained at 17.4p per share, reflecting the Board's confidence in delivery of the plan
The highlights reflect the statutory 52 week year in 2017 versus the statutory 53 week year in 2016 unless stated otherwise
1 Adjusted reflects pre-exceptional costs and is further defined in the glossary at the end of this report
2 As restated, refer to note 1 for details
Andy McCue, Chief Executive Officer, commented:
"As expected, 2017 was a transitional year for the Group, with significant investments made in price and proposition within our Leisure business, which is driving improving volume momentum. We start 2018 with a significantly more competitive offering in our Leisure business, a strengthened pipeline of growth opportunities in both our Pubs and Concessions businesses, and a leaner, faster and more focused organisation. I'd like to thank our colleagues for embracing the change agenda and for their contribution to stabilising the business."
skinny
- 24 Jan 2019 07:11
- 301 of 301
Trading Update
The Restaurant Group plc (the "Group") today provides an update on trading for the 52 weeks ended 30 December 2018 ("the period").
Like-for-like sales for the period were down 2.0%, with total sales increasing by 1.0%*. The Group has delivered like-for-like sales growth since the World Cup, with our Pubs business continuing to consistently trade ahead of the pub restaurant sector and our Concessions business trading strongly. Our Leisure business exhibited improved like-for-like sales momentum through 2018, but was impacted by weaker cinema admissions in December.
We opened a record 21 new pubs (inclusive of acquisitions) and a record 21 new concessions units during the year.
We expect to deliver an adjusted PBT outcome for the 2018 full year in line with current market expectations.
As previously announced, the acquisition of Wagamama formally completed on 24 December 2018. Wagamama has continued to trade well over the festive period and we look forward to delivering the benefits of the acquisition as outlined in the "2018 Prospectus" and creating significant long-term value for our shareholders.
Andy McCue, Chief Executive Officer, commented:
"2018 has been a pivotal year for the Group in which we have opened a record number of new sites in both our Pubs and Concessions businesses as well as acquiring an extremely high quality business in Wagamama.
The enlarged business is now orientated strongly towards growth with a number of exciting opportunities ahead. We are focused on executing on our multi-pronged growth strategy and plans for the site conversions and cost synergies are progressing well."
* The total sales figure includes one week of trade from Wagamama. The like-for-like sales figure does not include Wagamama.
The Restaurant Group plc (the "Group") today provides an update on trading for the 52 weeks ended 30 December 2018 ("the period").
Like-for-like sales for the period were down 2.0%, with total sales increasing by 1.0%*. The Group has delivered like-for-like sales growth since the World Cup, with our Pubs business continuing to consistently trade ahead of the pub restaurant sector and our Concessions business trading strongly. Our Leisure business exhibited improved like-for-like sales momentum through 2018, but was impacted by weaker cinema admissions in December.
We opened a record 21 new pubs (inclusive of acquisitions) and a record 21 new concessions units during the year.
We expect to deliver an adjusted PBT outcome for the 2018 full year in line with current market expectations.
As previously announced, the acquisition of Wagamama formally completed on 24 December 2018. Wagamama has continued to trade well over the festive period and we look forward to delivering the benefits of the acquisition as outlined in the "2018 Prospectus" and creating significant long-term value for our shareholders.
Andy McCue, Chief Executive Officer, commented:
"2018 has been a pivotal year for the Group in which we have opened a record number of new sites in both our Pubs and Concessions businesses as well as acquiring an extremely high quality business in Wagamama.
The enlarged business is now orientated strongly towards growth with a number of exciting opportunities ahead. We are focused on executing on our multi-pronged growth strategy and plans for the site conversions and cost synergies are progressing well."
* The total sales figure includes one week of trade from Wagamama. The like-for-like sales figure does not include Wagamama.
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