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

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

aldo - why don't you just bugger off and do yourself a favour at the same time?

i suspect, but don't know, that GF is actually following me as this is a stock that i have both held and traded for many a long year

cynic

I leave the buggery to you , is it one of the habits you picked up in the Middle East

not so; it's standard practice at any good public school, either by one of the senior boys or from a master if you were one of the chosen .... but as you're just a pleb (a peasant or one of the great unwashed to the uneducated), you'ld never appreciate the finer art of same, for your sheep just aren't in the same league

Deutsche Bank Hold 696.75 696.50 675.00 785.00 Reiterate

AGM Statement

At the AGM of The Restaurant Group plc ("the Group"), to be held later today, Alan Jackson, Chairman, will provide the following trading update:


Current trading

Trading for the 19 week period ended 10 May 2015 has been good, with total sales 8.5% ahead of the previous year and like-for-like sales 2.0% ahead.

In the year to date we have opened 9 new restaurants. These sites are trading well and are set to deliver strong returns.

In total we expect to open between 42 and 50 new restaurants this year (2014: 40), approximately two thirds of which will open in the second half. The quality and visibility of our new site pipeline over the next three years remains excellent.


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 28 December 2014 of 9.3p per share will be paid on 8 July 2015 to shareholders on the register on 19 June 2015. This will make the full year dividend in respect of 2014 a total of 15.4p per share which represents a 10% increase on the 2013 dividend.


Outlook

The Group is trading in-line with expectations and we are on track to report a good first half performance. With an improving film release schedule and slightly easier comparatives in the last four months of the year, we anticipate momentum continuing to build well in the second half of the year.

curious ...... sp has clunked for no obvious reason
unless someone knows something we do not, this level could be a decent buying opportunity into (what i consider) to be a damn good company in the right sector

.

Half Yearly Report

Strong trading performance across all brands with good growth in turnover, profit and margins:

- Total revenue increased 8% to £334m (2014: £308m)
- Like-for-like sales increased by 2.5%
- Operating profit margins increased by 10bps
- EBITDA increased by 8% to £57.4m (2014: £53.2m)
- Profit before tax increased by 10% to £36.9m (2014: £33.7m)
- EPS rose 12% to 14.3p (2014: 12.8p)
- Operating cash flow of £60.0m (2014: £55.9m)

· Interim dividend increased by 11.5% to 6.8p per share (2014: 6.1p)

· Accelerating new site development:
- 12 new sites opened in the first half
- A further 9 new sites opened so far in the second half
- 43-48 new sites expected for 2015

· Year to date like-for-like sales for the 34 weeks to 23 August 2015 up 2%

· Board is confident of another year of good progress in 2015

Looks interesting, couple of gaps filled on the way up. See how it opens on Monday.

Post Close Update

The Group today provides an update on the 2015 full year trading outturn.

For the 52 weeks ended 27 December 2015, total turnover was up 7.9% on the prior year, and like-for-like sales increased by 1.5%. The Group's full year results will be announced on 9th March. These are expected to show material growth in both earnings and cash flow versus the prior year, with profits for the full year towards the middle of the current range of market expectations.

During 2015 we opened a total of 44 new restaurants. We are very pleased with how these are trading and they are set to deliver strong returns. We have good visibility on the composition of the opening programme and we anticipate opening a broadly similar number of new restaurants during 2016.

It has become apparent from much of the recent data from the retail sector and the wider economy that the trading environment for many consumer facing businesses has been tougher in recent months than it was earlier in 2015. This has caused like-for-like sales growth to trend lower and accordingly we are more cautious than previously on the outlook for 2016. A possible referendum on the UK's continued membership of the European Union, National Living Wage implementation and global uncertainty are all additional issues that we are conscious of going into the new year.

That said TRG has an excellent portfolio of businesses with strong market positions. The Company's move towards a more balanced portfolio is paying dividends and we have a proven track record established over many years of delivering strong financial returns and excellent cash flows, even through more difficult trading periods. Therefore, notwithstanding some of the uncertainties described above, we are confident that TRG is well positioned to deliver further profitable progress in 2016 and subsequent years.

i've followed these for years, but thank goodness i don't currently hold any

Berenberg today reaffirms its buy investment rating on Restaurant Group (The) PLC (LON:RTN) and cut its price target to 750p (from 800p).

JP Morgan Cazenove today downgrades its investment rating on Restaurant Group (The) PLC (LON:RTN) to neutral (from overweight) and cut its price target to 710p (from 815p).

Peel Hunt today upgrades its investment rating on Restaurant Group (The) PLC (LON:RTN) to hold (from sell) and left its price target at 580p.