BREAKING: The Gervais Williams Miton Small cap fund hurtles closer to precipice in March despite outperformance
Sunday Long Reads: Big Cat People, Cop Talk, Constitutional Authoritarianism, Sharon Stern, Harry Houdini
As I write shares in Restaurant Group (RTN) have plunged by 18%. There is a false market here. Some folks know the reason, others do not as boss Andy Hornby has told regulators to feck themselves by NOT issuing a statement about price sensitive information. What a complete banker.
In the circumstances this is a bullish update. Restaurant Group (RTN) admits things are awful and will get worse but it has a cunning plan to survive based on assumptions which seem prudent but, I fear, might just be optimistic. And what will be the value of the group that does survive?
Financial market strife can lead to some great deals, however the best corporate transactions tend to occur after a few years of strife when sellers are desperate. Deals tend to be at their worst when the buyer is desperate and the seller has not felt much pain from troubled times. It is the latter instinct which is dominant in my mind when thinking about today's news from The Restaurant Group (RTN), that is:
Hello, Share Cats. The rise of the internet has had some unintended consequences all right. One is the horde of eating places which are popping up all over the place. This is because you can’t buy your dinner online unless it's a boring takeaway. Therefore, I am swapping a bit of my share allegiance to restaurants. Though not the posher kind, as wages are still pretty stagnant, despite this week’s slightly more encouraging news.
This time last year I concluded bearishly on Frankie & Benny's, Chiquito, Coast to Coast and Brunning & Price operator Restaurant Group PLC (RTN) as the shares headed towards 300p – noting there looked something of a perfect storm of issues. There’s now a post year-end Trading update…
Restaurant Group (RTN), owner of the Frankie & Benny's and Chiquito brands, has been struggling to turn itself around for a while now as it attempts to combat falling sales and somewhat tired brands.
Frankie & Benny's, Chiquito, Coast to Coast and Brunning & Price operator, Restaurant Group (RTN) has announced a “Post Close Trading Update” including that “results are expected to be in line with previous guidance”. However, the shares are currently more than 10% lower, heading towards 300p (though a still more than £600 million market cap), in response...
This morning brought interim results from Restaurant Group (RTN), the owners of 500 restaurants including Frankie & Benny’s, Chiqito and Coast to Coast. The company is not happy with its own recent performance but there are still great signs for its long-term potential.
Hello Share Munchers. I’ve been having a terrible time finishing my tax return. Talk about complicated!. Normally, I thump it in before now. But don’t worry, there’s still till the end of the month to get yours in.
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