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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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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.

  • Epic Code:
  • PRZ
  • Price:
  • 46p
The problems at rival Clapham House have clearly weighed onrestaurant operator Prezzo’s share price, although its pre-closetrading statement wasn’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 £3m asset impairment charge.Final results are due on 9 April. Keep holding. ...

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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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