Updates

Prezzo - 15 restaurant openings

October 2012

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.

In spite of headwinds from the wet summer and the economy restaurant operator Prezzo's interims showed progress. For the six months to 1 July revenues rose 14% to £68.1m, while pretax profit increased 4% to £7.6m. Eps rose 11% to 2.43p, helped by lower tax charge of 26% (2011: 30%). Prezzo opened 12 (H1 2011: 7) new restaurants and with a further three already open in H2 it now has 193, compared with 168 at the same stage a year ago. These openings include the first at a transport hub, the main concourse at Kings Cross railway station, together with the South East (Cobham, Arundel, Sevenoaks) and North West (Southport and New Brighton on the Wirral). Prezzo generated substantial free cash of £11.4m, allowi ...

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New Britain Palm Oil

Weir

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 - Restaurant operator expands estate by 37% in last two years (May 2012)

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 - 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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