Previously writing on Franco Manca and The Real Greek restaurants company Fulham Shore (FUL), just over two months ago with the shares at 11.25p I noted “trading is resilient”, but what is to come? – concluding to avoid. The shares are currently 9.9p, but that is slightly up on the back of a “Business Development & Trading Update” – so what’s happening now?
Franco Manca and The Real Greek restaurants company Fulham Shore (FUL) has issued an update emphasising “trading is resilient and running in line with management expectations… our customers are attracted by our high quality ingredients and great prices”. So what’s the outlook in the context of a current 11.25p share price?
Previously writing on Franco Manca and The Real Greek restaurants company Fulham Shore (FUL), in December with the shares at 16.75p I questioned whether the ‘ahead of expectations’ justified the valuation. The shares last closed at 11.5p but are currently up to 12.5p on full-year results, so what’s the situation now?
About 24 hours ago I asked Lucy Wallam of Hudson Sandler if she could get a response to a rumour I had heard that her client, Fulham Shore (FUL) is endeavouring to sell its, in my view rather grotty, Franco Manca chain.
Franco Manca and The Real Greek restaurants company Fulham Shore (FUL) has announced results for its half-year ended 26th September 2021 and emphasises “continued buoyant current trading ahead of management's expectations”. Sounds good...but what does it mean financially?...
Previously writing on Franco Manca and The Real Greek restaurants company Fulham Shore (FUL), in September with the shares at 18.75p I noted I’d continue to monitor the cash generation it delivers but at that point avoid. So what of a trading update today?...
