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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Prezzo - Shares wake up again

February 2010

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:
  • PRZ
  • Price:
  • 33.5p
Shares in Prezzo sprang to life after the restaurant group put out a trading update noting that results for the year to 27 December will be ahead of  market expectations, following stronger trading in the second half. In addition, the results will benefit from a once-off national insurance reclaim. Although Prezzo cautioned that the market remains highly competitive, it is confident enough that it will open a further 10 restaurants this year.  A consensus of broker forecasts point to eps of 2.8p for 2009, rising to 3.2p for the year just started. Buy. ...

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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

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