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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 - 04 Dec 2007 08:49 - 97 of 301

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

mitzy - 04 Dec 2007 13:17 - 98 of 301

Down 10% for some unknown reason.

cynic - 04 Dec 2007 13:34 - 99 of 301

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.

mitzy - 04 Dec 2007 13:44 - 100 of 301

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

cynic - 04 Dec 2007 13:45 - 101 of 301

see also post 96

cynic - 04 Dec 2007 14:20 - 102 of 301

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

kitosdad - 04 Dec 2007 15:27 - 103 of 301

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

cynic - 04 Dec 2007 15:35 - 104 of 301

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

Toya - 04 Dec 2007 17:43 - 105 of 301

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

cynic - 04 Dec 2007 18:12 - 106 of 301

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

Toya - 04 Dec 2007 18:13 - 107 of 301

Well, it's better than nothing I guess.

cynic - 04 Dec 2007 20:39 - 108 of 301

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

cynic - 07 Dec 2007 12:03 - 109 of 301

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

scotinvestor - 10 Dec 2007 14:37 - 110 of 301

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

mitzy - 11 Dec 2007 09:37 - 111 of 301

Now could be the time to buy.

scotinvestor - 18 Dec 2007 09:39 - 112 of 301

dont think so!!

120p before thinking about it

cynic - 18 Dec 2007 09:46 - 113 of 301

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

Chart.aspx?Provider=EODIntra&Code=RTN&Si

hlyeo98 - 18 Dec 2007 09:52 - 114 of 301

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

cynic - 18 Dec 2007 10:03 - 115 of 301

inflation has nowt to do with it ..... we are still running at an historically very low rate .... the prob is peeps lack of confidence and cash to spend on luxuries such as eating out

scotinvestor - 18 Dec 2007 10:04 - 116 of 301

i know u went into this cynic but i aint gloating.........i aint that kind of person.

its going to be hard in market over next 12 -18 months i think.....but even house prices r going to stagnate.

what does one do?

panama perhaps, lol
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