Engaged in the management and operation of The Real Greek, Franco Manca and Bukowski restaurants in the United Kingdom.
15-Dec-2017 – 11.75p – £67.1m – PER 17.3
Unaudited Interim Results For The 6 Months Ended 24 September 2017 – LFL Revenue up to £27.5m from £19.5m, Profit up to £0.6m from £0.5m. Classed as “satisfactory” the outlook sounds more pessimistic than optimistic.
After a 50% fall from 2017 highs this is still way too expensive for me.
24-Jul-2018 – 10.15p – £58.0m – PER 14.5
Results For The 12 Months To 25th March 2018 – This looks like a miss with Revenue below forecasts (on Stockopedia) and a small Loss rather than a small Profit.
Not sure we’ve seen the bottom here yet, I remain on the side-lines.
23-Aug-2018 – 11.35p – £64.9m – PER 147.4
AGM Statement And Trading Update (1st 21 Weeks Of The Financial Year) – Not particularly useful, Revenue up (no numbers).
No much here to get me off the side-lines, I remain Neutral.
7-Nov-2018 – 10.75p – £61.4m – PER 139.6
Trading Update – Turnover and customer numbers higher than LFL 6 1st 6 months of last year.
With no numbers at all or any mention of Profit it’s hard to do anything other than remain Neutral here for now. A quite useless update.
12-Dec-2018 – 9.4p – £53.7m – PER 122.1
Unaudited Interim Results For The 6 Months To 23rd September 2018 – Revenue up 20% to £33.0m with PBT up 35% to £1.5m.
Seems to be heading in the right direction but not enough to tempt me just yet – Will await the FY results.
28-Mar-2019 – 11.25p – £64.3m – PER 167.9
Year End Trading Update – In-line, considering Dividend.
Still seems to be heading in the right direction however the sector remains out of favour. I’m not quite tempted into the sector just yet.
16-Jul-2019 – 12p – £66m – PER 179
Results For The 12 Months To End March 2019 – Revenue up 17%, from £54.7m to £64m with PBT of £1.4m (loss of -£0.1m last time) and Net Debt is down from £12m to £9.4m. The current year has stated well.
Still seems to be heading in the right direction but still not enough here for me.
28-Aug-2019 – 11p – £63m – PER 72
Trading Update – In-line.
Still looks to be heading in the right direction but still not enough for me at present.