Updates

Prezzo - Slows new openings programme

March 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.

The problems at rival Clapham House have clearly weighed onrestaurant operator Prezzoâ€™s share price, although its pre-closetrading statement wasnâ€™t as bad as feared. Prezzo has seen some evidence of a softening in consumer spending,particularly in November and the effect on profit has been magnified bythe fact that 14 of the 22 new restaurants only opened in the last twomonths of 2007. Therefore the high pre-opening costs were not fullyrecovered. As a result Prezzo expects pretax profit for 2007 to be atthe lower end of the current range of market forecasts, while inaddition it will also incur an excpetional Â£3m asset impairment charge.Final results are due on 9 April. Keep holding. ...

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Connaught - Wins new contracts worth Â£370m

NCC - H1 earnings rise 44%

Prezzo - Accepts 126.5p offer (December 2014)

Prezzo - Receives bid approach (November 2014)

Prezzo - Time to top-slice some profit (June 2014)

Prezzo - Gain to date: 290% (November 2013)

Prezzo - Shares have gained a massive 290% (June 2013)

Prezzo - 15 restaurant openings (October 2012)

Prezzo - Restaurant operator expands estate by 37% in last two years (May 2012)

Prezzo (February 2012)

Prezzo - H1 ahead of expectations (October 2011)

Prezzo - Fast-growing restaurant chain likely to beat forecasts (September 2011)

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)

Prezzo - Shares wake up again (February 2010)

Prezzo - Forecasts upgraded (October 2009)

Prezzo - Restaurant operator sees substantial director buying (May 2009)

Prezzo - Balance sheet remains strong (June 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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