Primary Recommendation

Prezzo - Restaurant owner sees fast roll-out of units

August 2007

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.

It’s no exaggeration to say that Prezzo, which operates 105 restaurants in the casual dining sector, is a money making machine. The company, which was founded seven years ago by chief executive Jonathan Kaye and his illustrious uncle Philip, has increased in size so rapidly that on several occasions analysts have been forced to upwardly revise their growth assumptions. Sales have already increased from £3.8m in 2002 to £54m last year, taking Prezzo’s pretax profit from a small loss to £9.1m but our belief is that this is just the beginning. The key point is that the company is really putting its foot on the gas when it comes to new openings and with a healthy pipeline of new sites available, the expectation ...

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Lavendon - Profits upgraded sharply

Prezzo - Accepts 126.5p offer (December 2014)

Prezzo - Receives bid approach (November 2014)

Prezzo - Time to top-slice some profit (June 2014)

Prezzo - Gain to date: 290% (November 2013)

Prezzo - Shares have gained a massive 290% (June 2013)

Prezzo - 15 restaurant openings (October 2012)

Prezzo - Restaurant operator expands estate by 37% in last two years (May 2012)

Prezzo (February 2012)

Prezzo - H1 ahead of expectations (October 2011)

Prezzo - Fast-growing restaurant chain likely to beat forecasts (September 2011)

Prezzo - Shares storm to new high (May 2011)

Prezzo - 11% eps upgrade (October 2010)

Prezzo - To open 10 to 12 restaurants this year (May 2010)

Prezzo - Shares wake up again (February 2010)

Prezzo - Forecasts upgraded (October 2009)

Prezzo - Restaurant operator sees substantial director buying (May 2009)

Prezzo - Balance sheet remains strong (June 2008)

Prezzo - Slows new openings programme (March 2008)

Prezzo - Results beat expectations (November 2007)

Prezzo - The new Ask Central? (May 2002)

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.

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