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

more importantly, RTN put out an announcement yesterday, following CHG's dire warning, that their own profit forecast remains the same ...... next figures are not due until Feb, and it will be the on-going trading forecast that will be watched most carefully.

following is worth reading .....

Shares in Restaurant Group PLC were lower early morning as its peer Clapham House PLC gave a profit warning with Pamure Gordon retaining its 'buy' stance on the group and target price of 425 pence, according to traders.

At 9.26 am, Restaurant Group shares were 21-1/2 pence lower at 196-1/4, while the FTSE 250 index was 77 points lower at 10,671.8. Clapham House was down 116 pence at 132-1/2, while the FTSE Small Cap index was down 7.7 points at 3,439.8.

In a note published this morning, Panmure Gordon said that there is no read through for Restaurant Group from Clapham House's profit warning.

The broker added that Restaurant Group has confirmed to us that its trading remains strong, targeting the low spend, value-for-money custom in captive markets that have high barriers to entry.

Panmure Gordon said that it would use related weakness as a buying opportunity.

The broker added that it has no recommendation on Clapham House, but are cutting our forecasts by 40 pct for 2008 and by 47 pct for 2009 and 2010.

Elsewhere, Landsbanki said that Clapham House Group trading statement's 'read across' for the pub sector is poor.

The broker added that it continues to recommend that investors avoid the pub sector.

market does not care, so stay away but worth watching and perhaps buying at a future date

Down 10% for some unknown reason.

prob because there was a lot of tv coverage last night re Tootsies (part of CHG) and peeps in the street saying how they were cutting down on eating out.

looking back, there ought to be support at 160, which is where sp was in early 2006, and one might reasoanbly argue for a decent bounce at that level ..... while i would agree that the (extent of the) collapse over the last 2 days has no real justification, there are indisputably times when pissing against the wind has unpleasant consequences.

Heard that Goldman Sacks have advised invetors to sell leisure and pub stocks today cynic could be the main reason.

see also post 96

extraordinary ..... i go out for 10 mins and sp has recovered to -3 after -21

Don't it always happen like that. I've got to where I take the laptop to the loo now. LOL.

at least you can then piss on the market rather than the usual reverse!

There seems to have been a lot of p---ing around here today! I hope you've been making some profits as well!

not a lot! ..... minor comfort from 50 point profit on Dow long (banked)

Well, it's better than nothing I guess.

offsets some of the other shit that was inevitable given the general state

in a moment of rashness and bravery, i bought 50% of norm yesterday on basis that stock was (a) o'sold and (b) rate cut might induce a sense of public relief ...... apart from that, RTN says that figures due in Feb will show they have met targets, though it wuill be the forward trading that will be watched

falling again..............this has much more to go!!!

Now could be the time to buy.

dont think so!!

120p before thinking about it

for once we pretty much agree, though with considerable sadness .... not that we agree, but because i was a great fan of this company and as a result hung onto the stock longer than i should have.

i post a 3 year chart below, and though 120 is a possibility, you can easily pick out a couple of other levels that could provide support ..... i am afraid this is not the right sector into which to now throw money ..... however, i guess there is a chance that RTN could become a t/o target as it has an excellent brand and reputation

With inflation rising, RTN, CPH and DOM are to be avoided. Profit will undoubtedly be disappointing in this trend.