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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Prezzo - Time to top-slice some profit

June 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:
  • PRZ
  • Price:
  • 141p
The shares have pulled back from their recent highs of 165p but still show many-fold gains on our original buy price of 29p in May ‘09.With the consumer environment brightening considerably results were slightly ahead of forecast with revenues, pretax profit and eps rising 15%, 11% and 16% respectively to £166.5m, £20.4m and 6.9p. In spite of spending a record £26.1m on capital investment strong cash flow meant net cash increased by £1.4m to £5.8m. Although EBITDA margins per outlet rose 0.2% aided by higher average sales and less discounting Prezzo increased central costs on training, marketing and facilities management, which reduced operating profit margins by 0.6% to 12.9%. Prezzo opened 28 new restaurants ...

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Prezzo - Accepts 126.5p offer (December 2014)
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Prezzo - Shares storm to new high (May 2011)
Prezzo - 11% eps upgrade (October 2010)
Prezzo - To open 10 to 12 restaurants this year (May 2010)
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Prezzo - Forecasts upgraded (October 2009)
Prezzo - Restaurant operator sees substantial director buying (May 2009)
Prezzo - Balance sheet remains strong (June 2008)
Prezzo - Slows new openings programme (March 2008)
Prezzo - Results beat expectations (November 2007)
Prezzo - Restaurant owner sees fast roll-out of units (August 2007)
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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