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Prezzo - Balance sheet remains strong

June 2008

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:
  • 55p
Although sentiment has been against consumer related shares in recent months, restaurant firm Prezzo showed it remains a top class operator by producing strong final results. For the year ended 30 December, pretax profit increased 23% to £10.6m on turnover that rose 29% to £70.1m. Eps increased 32% to 3.4p. Prezzo has employed an aggressive expansion program in recent years and 2007 was no exception with 32 restaurants opened, taking the total to 127. So far this year it has opened five more units with another five currently being built. Its geographical coverage has now been expanded beyond its heartland in the south and south-east, with recent openings including Harrogate and Hull in the north, Cardiff in the west and Falmouth ...

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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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