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Lebanese and Eastern Mediterranean restaurants group Comptoir (COM) is “pleased to report that trading for the 52 weeks to 31st December 2018 was in line with market expectation with the expected strong finish to the second half of the year” and that “the directors continue to be excited by the prospects of the group”. The shares have responded 5% higher to 10.5p – though that compares to a 50p price of just a June 2016 AIM IPO. So what’s the story here?...
In June 2016 Comptoir Group (COM) was “pleased to announce its admission to trading on AIM” at a placing price of 50p per share, stating it “provides us with the platform to accelerate the growth of the business”. Now the Comptoir Libanais, Yalla Yalla, Shawa, Levant and Kenza restaurant group is “pleased to report that trading for the 52 weeks to 31st December 2017 was above market expectations”. The shares have responded, er, less than 3% higher to, er, 19.5p. Hmmm…
Lebanese and Middle Eastern-offering restaurant group Comptoir (COM) has announced a pre-costs £2.69 million property auction sale of its central processing unit, with it to “use funds raised from the sale for general working capital purposes and to assess further new restaurant opportunities”. The shares have responded from 16.5p to a current 23.5p…
A 10:15am “Trading Update” announcement from restaurant group Comptoir (COM), which IPO’d at 50p per share on AIM less than a year ago. An unusual time for a trading update + a restaurant group, with all the pressures facing that sector currently = I think I can guess much of how the announcement is going to go…
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