image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

The Restaurant Group - Acceleration in new openings

February 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:
  • 372p
Restaurant Group has cheered investors by announcing that profits for the year to end December 2012 will be just ahead of consensus forecasts. Turnover was ahead 9% with like-for-like sales 4.5% ahead, helped by strong cinema attendances, while group operating margins are expected to be similar to 2011. New openings were ahead of the previous year with 28 restaurants opened in 2012. Encouragingly, trading at these sites has been excellent and generating strong returns and the group is accelerating its 2013 program from 25-30 to 28-35 new openings. Broker, JP Morgan Cazenove has pared 2013 eps forecasts 1% to 26.5p reflecting higher than expected food cost inflation. Nevertheless, the acceleration in expansion will boost eps ...

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

Subscribe now

Already a subscriber? Login

Related Articles

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