dubzy
16 Nov 2015
Re: fall in share price Thanks for your input BILLFISH.So, interesting to see the downgrade this morning by Nomura to 635p, and the SP gladly obliges in a flash. Curious as to why investors seem to react to a downgrade, whereas a stock that constantly receives upgrades to a higher SP, never seems to budge ! What a strange place this stock market is !
BILLFISH
13 Nov 2015
Re: fall in share price Hi Guys, The SP is down because basically the trading statement is pants.While taking the figures in isolation make them seem OK, when you place them in context with the other two sets of results announced this year the picture looks a bit different. The Full Year to 28th Dec 2014 were announced on 27th Feb and accompanying those results the current trading was described as " Strong start to the new financial year with total sales up 9.5% and like-for-like sales up 2.5% for the 8 weeks to 22 February 2015"When the half year results were announced on 28th Aug the half year figures to end June included the following"- Total revenue increased 8% to £334m (2014: £308m)- Like-for-like sales increased by 2.5%"Current trading was described thus "Year to date like-for-like sales for the 34 weeks to 23 August 2015 up 2%"For the first 26 weeks to show 2.5% LFL growth and for this to turn 8 weeks later into merely 2% growth implies next to no growth at all in those 8 weeks.To then report week 45 figures as"total sales are 8% ahead of the comparable period in 2014 and like-for-like sales are 2% ahead"implies some recovery from the July/Aug position but the year is not going to end as well as the first 8 weeks would have led us to believe we were going to do.The bottom line is going to look better though as the half years figures show that what growth there is in the top line is translating better down the accounts as the operating profits rose by 10bps and PTP is +10% from a top line growth of +8%, probably due to the food price deflation the supermarkets keep banging on about, as that is a big cost input for RTN.This is a one off effect only and will not be repeated next year.As far as Gideon's gamble on raising inflation by artificially stoking wages, we will have to see. There are some pretty horrific examples of that backfiring to date and I would cite the example of Edinburgh Council, where, after they were elected two years ago boldly announced that they were setting an example by paying their staff the living wage rather than the minimum wage. This month however , tails between their legs, they have announced 1,200 of their own staff have to pay for their hubris by losing their jobs.RTN will benefit from those who retain their jobs when the living wage comes in, but will lose out from those that do not. I suspect that it will be the bigger companies who have the pricing power to pass on the increase who benefit while the smaller ones who will have to lay staff off to find the money who will lose out.Still Gideon seems to follow a "suck it and see" approach to economics, in the vain hope he will learn enough about the subject to present himself as a credible successor to Dave when he decides the time is right to go.He was forced to back track by the North Sea oil industry when they sat him down with an economics 101 primer. He is in the process of being re-educated by the House of Lords on the issue of working tax credits and apparently the dichotomy of graduates leaving university with a 30k overdraft with the average house prices at 8 times the average wage which is only sustainable with almost zero interest rates is completely lost on him. It is difficult to see how he will engineer the somersault that will be required to correct this mess if and when the effects manifest themselves with unexpected consequences.Perhaps he will grow the backbone that is required to go after those who artificially deflate their profits to avoid corporation tax rather than include honest businesses in his effort to reclaim that lost resource via PAYE on employees.If the knock on effects of the increase in wage bills is to raise inflation and hence interest rates then the reduction in RTNs top line growth could quite easily accelerate.The question could quite easily become "is it fair for a business like RTN to be disadvantaged to subsidise the tax do
dubzy
13 Nov 2015
Re: fall in share price I'm really not looking forward to the day that results are slightly below market expectations !!
philanderer
12 Nov 2015
Re: fall in share price Brokers all unchanged:12th nov Panmure buy -12th nov ShoreCap sell -12th nov N 1 Singer buy tp 750p12th nov Numis buy tp 860p12th nov Canaccord buy tp 760p12th nov Peel Hunt add tp 768p
tejo
12 Nov 2015
fall in share price Probably due to results failing to excite. Nothing wrong with them but seem rather pedestrian especially against background of living wage costs rising.
Nu on the block
12 Nov 2015
Fall in share price Can anyone offer an explanation for the large fall in sp today?
tejo
28 Aug 2015
Results The results look good and the outlook positive but the small increase in like with like revenue looks less than might have been expected. With continued increase in openings, the accounting treatment of pre opening and start up costs can have a distorting effect on annual profits. Good quality company but only a hold, I feel.
oldjoe1
04 Aug 2015
RTN Collective Brokers Views....... Restaurant Group PLC (LON: RTN) recently received a number of ratings updates from brokerages and research firms:8/3/2015 – Restaurant Group PLC had its “buy” rating reaffirmed by analysts at Numis Securities Ltd. They now have a GBX 860 ($13.43) price target on the stock.7/31/2015 – Restaurant Group PLC had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a GBX 760 ($11.87) price target on the stock.7/27/2015 – Restaurant Group PLC had its “neutral” rating reaffirmed by analysts at Citigroup Inc.. They now have a GBX 740 ($11.56) price target on the stock.7/24/2015 – Restaurant Group PLC had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a GBX 760 ($11.87) price target on the stock.7/22/2015 – Restaurant Group PLC had its “equal weight” rating reaffirmed by analysts at Barclays. They now have a GBX 760 ($11.87) price target on the stock.7/17/2015 – Restaurant Group PLC had its “buy” rating reaffirmed by analysts at Nomura. They now have a GBX 810 ($12.65) price target on the stock.7/13/2015 – Restaurant Group PLC had its “neutral” rating reaffirmed by analysts at Citigroup Inc.. They now have a GBX 740 ($11.56) price target on the stock.7/10/2015 – Restaurant Group PLC had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a GBX 760 ($11.87) price target on the stock.7/1/2015 – Restaurant Group PLC had its “buy” rating reaffirmed by analysts at Numis Securities Ltd. They now have a GBX 860 ($13.43) price target on the stock.6/26/2015 – Restaurant Group PLC had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a GBX 760 ($11.87) price target on the stock.6/18/2015 – Restaurant Group PLC had its “equal weight” rating reaffirmed by analysts at Barclays. They now have a GBX 760 ($11.87) price target on the stock.6/15/2015 – Restaurant Group PLC had its “buy” rating reaffirmed by analysts at Numis Securities Ltd. They now have a GBX 860 ($13.43) price target on the stock.6/11/2015 – Restaurant Group PLC had its “hold” rating reaffirmed by analysts at Deutsche Bank. They now have a GBX 785 ($12.26) price target on the stock.6/5/2015 – Restaurant Group PLC had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a GBX 760 ($11.87) price target on the stock.Restaurant Group PLC (LON:RTN) opened at 670.5000 on Tuesday. The company’s market cap is GBX 1.33 billion. The stock has a 50 day moving average price of GBX 685.35 and a 200 day moving average price of GBX 696.54. Restaurant Group PLC has a 1-year low of GBX 596.00 and a 1-year high of GBX 748.70.Restaurant Group plc is a United Kingdom-based Company, which operates over 450 restaurants and pub restaurants. The Company’s portfolio covers a range of categories, including table service, counter service, sandwich shops, pubs and bars. The Company’s principal trading brands include Frankie & Benny’s, Chiquito, Coast to Coast and Garfunkel’s. The Company’s Concessions division delivers catering solutions. It trades at about 60 outlets in the United Kingdom airports, other transport locations and shopping centers. Its restaurants include: Frankie & Benny’s, Chiquito, Garfunkel’s, Coast to Coast, Filling Station, Pub Restaurants and TRG Concessions. Frankie & Benny’s restaurant serves American-Italian style cuisines. Chiquito is a Mexican restaurant. Garfunkel’s offers British and international cuisines. Coast to Coast is an American restaurant.
oldjoe1
28 Jul 2015
Re: RTN Broker View.......... <b>Restaurant Group PLC 12% Potential Upside Indicated by CitigroupBY AMILIA STONE BROKER RATINGS</b>Restaurant Group PLC with EPIC LON:RTN has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ this morning by analysts at Citigroup. Restaurant Group PLC are listed in the Consumer Services sector within UK Main Market. Citigroup have set their target price at 740 GBX on its stock. This is indicating the analyst believes there is a potential upside of 12% from the opening price of 660.5 GBX. Restaurant Group PLC LON:RTN has a 50 day moving average of 698.08 GBX and the 200 Day Moving Average price is recorded at 691.48 GBX. The 1 year high for the share price is 668 GBX while the year low share price is currently 5.89 GBX.
oldjoe1
24 Jul 2015
Re: RTN Broker View.......... 24 Jul 2015 Restaurant Group... RTN Canaccord Genuity Buy 663.00 665.50 760.00 760.00 ReiteratesSP Target 760p
oldjoe1
24 Jul 2015
RTN Broker View.......... <b>Restaurant Group PLC Earns “Buy” Rating from Canaccord Genuity (RTN)Posted by Shane Hupp on Jul 24th, 2015</b>Restaurant Group PLC (LON:RTN)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity in a note issued to investors on Friday, Market Beat reports. They currently have a GBX 760 ($11.86) target price on the stock. Canaccord Genuity’s target price suggests a potential upside of 14.20% from the stock’s previous close.Restaurant Group PLC (LON:RTN) opened at 668.0000 on Friday. Restaurant Group PLC has a one year low of GBX 584.50 and a one year high of GBX 748.70. The stock has a 50-day moving average of GBX 691.05 and a 200-day moving average of GBX 696.98. The company’s market cap is £1.33 billion.RTN has been the subject of a number of other recent research reports. Analysts at Barclays reiterated an “equal weight” rating and set a GBX 760 ($11.86) price target on shares of Restaurant Group PLC in a research note on Wednesday. Analysts at Nomura reiterated a “buy” rating and set a GBX 810 ($12.64) price target on shares of Restaurant Group PLC in a research note on Friday, July 17th. Analysts at Citigroup Inc. reiterated a “neutral” rating and set a GBX 740 ($11.55) price target on shares of Restaurant Group PLC in a research note on Monday, July 13th. Analysts at Numis Securities Ltd reiterated a “buy” rating and set a GBX 860 ($13.42) price target on shares of Restaurant Group PLC in a research note on Wednesday, July 1st. Finally, analysts at Deutsche Bank reiterated a “hold” rating and set a GBX 785 ($12.25) price target on shares of Restaurant Group PLC in a research note on Thursday, June 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 782.10 ($12.21).Restaurant Group plc is a United Kingdom-based Company, which operates over 450 restaurants and pub restaurants. The Company’s portfolio covers a range of categories, including table service, counter service, sandwich shops, pubs and bars. The Company’s principal trading brands include Frankie & Benny’s, Chiquito, Coast to Coast and Garfunkel’s. The Company’s Concessions division delivers catering solutions. It trades at about 60 outlets in the United Kingdom airports, other transport locations and shopping centers. Its restaurants include: Frankie & Benny’s, Chiquito, Garfunkel’s, Coast to Coast, Filling Station, Pub Restaurants and TRG Concessions. Frankie & Benny’s restaurant serves American-Italian style cuisines. Chiquito is a Mexican restaurant. Garfunkel’s offers British and international cuisines. Coast to Coast is an American restaurant.
BILLFISH
15 May 2015
Re: Why the drop Hi Guys, Who knows? Maybe it was the 8% vote against the chairman - who does not seem to enjoy universal support amongst some if the institutions. That would have been a bit naughty as the slide started from the off and the AGM did not start until 11am.Maybe there was a whiff of a rumour that they may use their balance sheet strength to acquire more assets? A rumour that would have no doubt aided any institution seeking to acquire shares at a more advantageous price. Either way it was an opportunity not to be missed and at 689p, a large slug of this years ISA allocation has been invested here.Nice to see today's rebound start the recovery.GLABF
dubzy
14 May 2015
Re: Why the drop Baffled myself after what was a very good update again from the BOD. I suppose the usual sell on news, which is pretty normal with RTN. Expect a bounce back soon, maybe tomorrow !
Nu on the block
14 May 2015
Why the drop All these bullish comments. Why the large drop in share price today
oldjoe1
11 May 2015
Re: RTN, Bullish Broker Upgrade..... <b>Restaurant Group PLC Given “Buy” Rating at Numis Securities Ltd (RTN)May 11th, 2015 • 0 comments • Filed Under • by ABMN Staff</b>Restaurant Group PLC (LON:RTN)‘s stock had its “buy” rating restated by equities research analysts at Numis Securities Ltd in a research note issued to investors on Monday. They currently have a GBX 860 ($13.28) target price on the stock. Numis Securities Ltd’s price target would suggest a potential upside of 22.79% from the company’s current price.A number of other firms have also recently commented on RTN. Analysts at Deutsche Bank raised their price target on shares of Restaurant Group PLC from GBX 675 ($10.42) to GBX 785 ($12.12) and gave the company a “hold” rating in a research note on Wednesday, March 25th. Analysts at Panmure Gordon raised their price target on shares of Restaurant Group PLC from GBX 750 ($11.58) to GBX 770 ($11.89) and gave the company a “buy” rating in a research note on Friday, March 20th. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Restaurant Group PLC in a research note on Wednesday, March 11th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Restaurant Group PLC currently has an average rating of “Hold” and an average target price of GBX 805 ($12.43).Restaurant Group PLC (LON:RTN) opened at 702.5000 on Monday. Restaurant Group PLC has a 1-year low of GBX 551.5000 and a 1-year high of GBX 748.7000. The stock has a 50-day moving average of GBX 684.54 and a 200-day moving average of GBX 680.87. The company’s market cap is £1.40 billion.Restaurant Group plc is a United Kingdom-based Company, which operates over 450 restaurants and pub restaurants. The Company’s portfolio covers a range of categories, including table service, counter service, sandwich shops, pubs and bars. The Company’s principal trading brands include Frankie & Benny’s, Chiquito, Coast to Coast and Garfunkel’s.
