image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

Prezzo - Results beat expectations

November 2007

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:
  • 69.5p
Restaurant operator, Prezzo, which runs a chain of value-for-moneypizza and pasta restaurants of the same name, has announced interimresults significantly ahead of expectations. Revenues increased 35% to£32.5m, while pretax profit rose 48% to £4.7m. Eps rose 83% to 1.4p.Although the company spent £8.2m on new restaurant fit-outs (includingone freehold), net cash only fell from £9.4m to £7.4m.In spite of those five interest rate rises causing a slight drop intrading at the start of H2, normal patterns of trading have now beenrestored. The expansion program is also in good shape with 10restaurants opening in H1 while seven more have already opened in H2taking the total to 112. A further seven are currently in build whileKaye co ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

LIMTED TIME OFFER

SUBSCRIBE TODAY AND SAVE £30 USING OFFER CODE 30OFFTMI

To access our archive of articles and receive current issues you need to subscribe