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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Prezzo - Receives bid approach

November 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:
  • 126p
Restaurant operator Prezzo has received a bid from private equity groups, Advent International and TPG Capital, although the company states that any offer is “unlikely to be at a premium over the current price.”Earlier, Prezzo also published interims, which showed healthy growth. Turnover and pretax profit each rose 16% to £92.4m and £9.8m, respectively while eps gained 13% to 3.15p.During the period Prezzo opened 9 (H1 ‘13 – 7) new restaurants (seven Prezzo and two Chimichanga), including at York, Ripon, Hereford and Milton Keynes and closed two units. As a result there were 244 outlets trading (up 28 year-on-year), which comprised 200 Prezzo and 37 Chimichanga. Meanwhile the pipeline for ...

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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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