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

JP Morgan Cazenove Overweight 700.00 700.00 750.00 755.00 Reiterates

Numis Buy 616.75 616.00 725.00 725.00 Upgrades

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

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."

The Restaurant Group plc will issue its Interim Management Statement on Friday, 14 November 2014.

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.

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.

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 :-)

Ohhh id leave it alone. Other opps out there. ITV for instance.

they've bounced a bit but i already hold a few anyway
small loss now running, but minimal

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."

Seem to be getting mark downs on good results declared along with bad results at the moment.

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

RTN Restaurant Group chart looking rather bullish. SP coming off a bullish Double Bottom. Good Broker coverage..... WATCH for entry.

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.

sod's law
banked a very nice profit at 616.5, but it's since whizzed another 8p
never mind

'716.5' perhaps.

indeed :-)

Final Results

cynic , copy trading goldfinger again , no wonder he wants him back on here