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City restaurant (RTN)     

ckmtang - 03 Feb 2004 08:30

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

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.

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.

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

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

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!
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