Anyone holding this share, any comment? It recommended by few brokers.

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

thanks for that Toya .... i am already in here, but perhaps waiting for RTN's trading update due on Wednesday

sp looks as though it could go down further today. Still biding my time on this one.

Trading update on Wednesday!

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

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.

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.

Bought a few @132.5

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

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

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

Heading to 90p level..

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

Closed for -10 - not prepared at this stage to hold, but I will be back!

yes this is knackered.......u got to laugh at cynic trying to pretend things r ok

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.

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.

yes it will go back from the value u bought it at in 3 years time!

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.

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.