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City restaurant (RTN)     

ckmtang - 03 Feb 2004 08:30

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

skinny - 17 Feb 2012 15:26 - 183 of 301

Just north of 310 on good volume.

Chart.aspx?Provider=EODIntra&Code=RTN&Si

skinny - 29 Feb 2012 07:14 - 184 of 301

Final Results.

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

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

skinny - 05 Oct 2012 12:46 - 188 of 301

12 month high @372.10 earlier.

L&G over 3%

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.

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.

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

skinny - 27 Feb 2013 08:26 - 192 of 301

12 month high on results.

Chart.aspx?Provider=EODIntra&Code=RTN&Si

skinny - 07 Mar 2013 09:21 - 193 of 301

Recession over ?

Chart.aspx?Provider=EODIntra&Code=RTN&Si

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

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.

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

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

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.
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