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City restaurant (RTN)     

ckmtang - 03 Feb 2004 08:30

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

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!

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!

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.........

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.
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