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

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!

well, its heading back in the right direction... lol

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.........

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.

the chart is currently pretty uninspiring, sp having been hit by a single downgrade by Cazenove about 2 weeks ago, while Panmure and (I think) one of the other major houses still maintain their buy stance with a taregt about 1.00 above the present level ..... there are also more generalised concerns that people will have less disposable income thanks to GB and his tax hikes.

Anyway, i shall continue to hold and, if i had spare funds, might even top up for i am still of the opinion that RTN's next figures will not only be (very) good but that their current trading is still strong.

Perhaps rationalising, there was also a nice little para in yesterday's Telegraph as below ......

"RTN's shares have risen 88% to a recent price of 322 against 170 when recommended as a buy in March 2006. Investors may be tempted to take profits, but hold on for further gains."

sp performance of late has been very disappointing and is now resting on 200 dma ...... after friday's fright on wall street, this morning's opening in london and perhaps for the coming week can be expected to be pretty twitchy ...... however, i still rate this company very highly in its own right, and of course it is far from inconceivable that it will not become a t/o target rom one of the brewers who, correctly i think, see future profitability enhanced by food rather than their brewing activities.

This share went ballistic today Have searched and can't find any news Does anyone know something I don't? Chart looking slightly better ( I think!!! only learning) as it seems to have broken out of the down trend?

i caused this too, i sold tuesday at 334p, with my lack of patience...:) lol

Big Ted you don't happen to have any LED shares to sell LOL

i shall be holding faith with this stock for, like DOM, i reckon it will come in with some cracking half year numbers when it reports in 1st week September (reasonable guess)

Good to hear that, makes my day brighter

fyi, am seriously considering topping up to take me o'weight

If you don't mind me asking would you do that in a spread bet or in shares I find the spread betting a bit scary and time consuming ( I can't leave the screen!!!!!)when things begin to tumble

spread betting and CFDs are indeed very scary for it is all heavily geared .... great when shares go up, but can be terrifying in reverse ...... as i work in front of a computer all day and often work at home in the evenings, i am able to keep a constant watch

howver, this morning will be very boring until BoE decides that it will/won't raise rates ..... to my mind, almost irrelevant, for either way, i reckon we are pretty much at the top of the interst rate cycle

Thanks for help Might be better in shares as going on holiday soon.

Thanks for help Might be better in shares as going on holiday soon.

Thanks for help Might be better in shares as going on holiday soon.

Sorry dam thing so slow me so impatient!!!!!

when i go on hol, even though i always take my laptop, i tend to take quite a lot of money off the table beforehand just in case

Good idea at min I'm loosing so much not worthwhile still got another 10 days so who knows?????