image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

The Restaurant Group - Net debt almost eliminated

April 2013

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • RTN
  • Price:
  • 449p
Shares in Restaurant Group, which operates the Frankie & Benny's, Chiquito and Garfunkels chains, registered a new high of 454p on the back of strong final results, which disclosed a 7% rise in pretax profit to £64.6m on revenues, which rose 9% to £533m. Eps increased 10% to 24.1p, while the dividend was raised 12% to 11.8p. With free cash flow rising almost £8m to £69.2m net debt fell £5.6m to £36m, representing net debt / EBITDA of just 0.38x. During the year, Restaurant Group opened 28 new outlets, with capital expenditure hitting almost £40m and this expansion was supplemented by solid like-for-like sales growth of 4.5%, in spite of headwinds from the anaemic UK economy. Cost inflation was an issue, notably food and ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Restaurant Group (November 2023)
Restaurant Group (September 2023)
Restaurant Group (June 2023)
Restaurant Group - New target to increase EBITDA margin 2.5-3.5% by FY’25 (May 2023)
Restaurant Group - Cheerier outlook married to ambitious EBITDA margin targets (April 2023)
Restaurant Group - Acquires Mexican restaurant chain (September 2022)
Restaurant Group (July 2022)
Restaurant Group (May 2022)
Restaurant Group (March 2022)
Restaurant Group - EBITDA guidance upgraded 33% (January 2022)
Restaurant Group - Wagamama shooting the proverbial lights out (November 2021)
The Restaurant Group (April 2020)
The Restaurant Group (November 2019)
The Restaurant Group (January 2019)
Restaurant Group - To buy Wagamama (December 2018)
The Restaurant Group (May 2018)
Restaurant Group - Two directors bought shares (March 2018)
The Restaurant Group (November 2017)
The Restaurant Group (May 2017)
The Restaurant Group - Challenging Q4 leads to downgrades (March 2017)
Restaurant Group - Strategic review signals potentially dramatic recovery (October 2016)
Restaurant Group - Full operating review launched (June 2016)
Restaurant Group (April 2016)
The Restaurant Group - More cautious outlook (March 2016)
The Restaurant Group (November 2015)
Restaurant Group - Affordable restaurant firm’s remarkable growth record looks set to continue (April 2015)
The Restaurant Group (October 2014)
Restaurant Group - To open 36-43 outets this year (July 2014)
Restaurant Group - To open 36-43 outets this year (April 2014)
Restaurant Group - Up to 43 new openings in 2014 (March 2014)
Restaurant Group - Record pipeline of new sites points to acceleration in growth rate (October 2013)
Restaurant Group - Cranking up new openings to 30-35 a year (July 2013)
The Restaurant Group - Acceleration in new openings (February 2013)
The Restaurant Group -New openings deliver strong results (December 2012)
Restaurant Group - Accelerating opening programme to 25 - 30 restaurants p.a (November 2012)
Restaurant Group - To open another 25/30 restaurants (April 2012)
Restaurant Group (March 2012)
Restaurant Group (January 2012)
The Restaurant Group - To open at least 22 outlets in 2011 (October 2011)
Restaurant Group - Broker price target: 385p (May 2011)
Restaurant Group - Shares approaching £3 (February 2011)
Restaurant Group - Cash generative restaurant chain could attract bid (October 2010)
The Restaurant Group (April 2010)
The Restaurant Group - Underlying sales turn positive (February 2010)
Restaurant Group - Casual dining firm sees 30% eps upgrades (October 2009)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

LIMTED TIME OFFER

SUBSCRIBE TODAY AND SAVE £30 USING OFFER CODE 30OFFTMI

To access our archive of articles and receive current issues you need to subscribe

SUBSCRIBE NOW