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Restaurant Group - To open 36-43 outets this year

July 2014

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:
  • 580p
Restaurant group, owner of the Frankie & Benny’s, Chiquito and Garfunkels chains, produced a strong trading update with total sales rising 11% (including 4% like-for-like) for the first 19 weeks of the year. 15 new restaurants opened, which are trading well and set to deliver good returns and in total 36-43 are expected to open in the year. Encouragingly, the quality of the new site pipeline over the next three years is the strongest it’s been since before the financial crisis. The balance sheet remains strong with good cash generation from operations. Originally tipped at 196p in October ’09, the shares have gained 196%. Part profits should have been taken at prices as high as 700p but we would hold the ...

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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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