Updates

Prezzo - To open 10 to 12 restaurants this year

May 2010

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.

Shares in restaurant operator, Prezzo soared to a new high of 46p and have gained 57% since we added them to the TMI Trader Portfolio. Results for the year to 27 December, showed pretax profit rising 12% to Â£12.9m, excluding losses of Â£2.6m related to disposal of fixed assets and Â£2.3m for impairment of property. Adjusted eps rose 18% to 3.9p. There were two new openings, as well as three closures, which meant it traded from 138 restaurants at the year-end. Prezzo wasn't idle though and did conduct 12 substantial refurbishments. Overall, it invested Â£7.2m in property, plant and equipment including the purchase of two freeholds. In spite of that and Â£0.9m spent buying back 1.5% of the share capital, net cash balances rose from ...

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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 - 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 - 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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