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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Restaurant Group - EBITDA guidance upgraded 33%

January 2022

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:
  • 86.5p
Restaurant Group, owner of Wagamama, Frankie & Bennys and Chiquito chains, delighted investors with a hefty upgrade to full year guidance driven by Wagamama, pubs and leisure businesses (helped by James Bond) and a small improvement in concessions due to a small improvement in UK airport passenger volumes.As a result management has raised FY’21 EBITDA guidance from £57m (consensus) to £73m-£79m, subject to no unexpected further Covid-19 disruptions. Full year net debt is now expected to be less than £190m, down from £340m in FY’20.Peel Hunt has upgraded from a £7.6m loss to £11.1m pretax profit under IAS accounting with unchanged IAS forecasts for FY’22 and &rsqu ...

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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.

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