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City restaurant (RTN)     

ckmtang - 03 Feb 2004 08:30

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

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.

cynic - 10 Jun 2007 08:13 - 38 of 301

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."

cynic - 25 Jun 2007 07:13 - 39 of 301

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.

maggiebt4 - 18 Jul 2007 23:18 - 40 of 301

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?

BigTed - 19 Jul 2007 10:20 - 41 of 301

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

maggiebt4 - 19 Jul 2007 10:58 - 42 of 301

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

cynic - 02 Aug 2007 08:33 - 43 of 301

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)

maggiebt4 - 02 Aug 2007 09:06 - 44 of 301

Good to hear that, makes my day brighter

cynic - 02 Aug 2007 09:18 - 45 of 301

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

maggiebt4 - 02 Aug 2007 09:53 - 46 of 301

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

cynic - 02 Aug 2007 10:16 - 47 of 301

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

maggiebt4 - 02 Aug 2007 10:44 - 48 of 301

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

maggiebt4 - 02 Aug 2007 10:44 - 49 of 301

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

maggiebt4 - 02 Aug 2007 10:44 - 50 of 301

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

maggiebt4 - 02 Aug 2007 10:45 - 51 of 301

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

cynic - 02 Aug 2007 11:01 - 52 of 301

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

maggiebt4 - 02 Aug 2007 12:25 - 53 of 301

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

cynic - 03 Aug 2007 08:46 - 54 of 301

for maggie's benefit! ..... have contemplated and have indeed topped up ..... holding at today's price is about 135% of norm

maggiebt4 - 03 Aug 2007 11:43 - 55 of 301

thanks for info was waiting for dy's blue dot but might just take a punt anyway

maggiebt4 - 03 Aug 2007 17:19 - 56 of 301

Cynic Took small sb and am only -80p Lowest minus I've seen in a long time! Thanks.
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