Updates

Prezzo - H1 ahead of expectations

October 2011

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.

Prezzo, our other main write-up last month, also reported results ahead of expectations. For the six months to 3 July turnover rose 23% to Â£59.6m while pretax profit increased 17% to Â£7.3m, beating Numis' forecast of Â£6.8m. Diluted eps rose almost 21% to 2.19p while net cash increased from Â£5.4m to Â£6m. Although no like-for-like sales were disclosed Numis estimated they grew over 5% helped by easy comparatives from last January, the opening of larger sites and refurbishments. In common with others Prezzo had to grapple with rising input costs but still limited the decline in branch profit margins from 14.4% to 14.0%. Prezzo opened seven sites in H1 and is on track to open 20 for the year. In spite of the beat, Numis is ...

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Supergroup - Shares soar after strong update

The Restaurant Group - To open at least 22 outlets in 2011

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 - 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 - 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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