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

180p or (more likely 160) in a couple of weeks...

RTN directors were buying in at 220p a few days ago.

if no smart recovery, then 160 def on the cards

Well, then: what are they playing at?

"they"?

hlyeo mentioned "directors" - the "they" was the pronoun relating to them. Your post came in between...

guess they reckon RTN is a good buy, and certainly its results have yet to disappoint, but always a first time

Or were they hoping to impress the outside world? I'm not at all familiar with this one - are results due, or have they recently come out? I just don't like the direction the chart is travelling in. Is there some compelling reason for it to pick up? - Like Xmas?

Actually a quick read of their Interims would not give cause for concern. It must just be current sentiment. All this doom-and-gloom about a credit crunch etc, and no certainty that interest rates will come down this year. Restaurants tend to suffer in those circumstances. RTN may not be able to continue with some of their 'growth plans' that they talk about in the Interims. D'accord?

I shall leave you gourmets to ponder where to spend your money! Time to open the wine I reckon, and spend the rest of the evening by the fire.

no Toya .... no compelling reason at all ..... watch for fun .... and btw, RTN is not for the gourmet; more for the slightly up-market post-cinema mob

Target 90p..!

This proved that home-cooked food is the most yummy of all

Cynic - my "gourmet" remark was somewhat tongue-in-cheek. I did have a quick look at what they do when I scanned through the Interims and would not expect you to choose RTN for a night out; from what you tell me, your taste is far more refined :)

Happy trading!

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.