PRZ on TipTV today at 10:50 UK TIme... http://www.***********/
29 Jun '14
Don't disagree... think they just saw the price as high, well timed ..... the whole AIM market seems to have peaked in early April, especially the larger cap issues such as JHD, NICL, BRK, CLIN. (And some key FTSE250 issues also, e.g. SPX, GNK)... all these without any RNSs to explain....
26 Jun '14
Re: Pizza Express auction
Perhaps, but despite similarities between the two companies more people know of Pizza Express than Prezzo. Whilst Directors are entitled to sell shares after acheiveing higher turnovers, I'm not sure the Market has taken to the recent Sells in April. I could be wrong but I've pulled out for now.
15 Jun '14
Pizza Express auction
It seems possible that that recent run in the PRZ SP is inspired by what's going on at Pizza Express .. owned by private equity (PE) and for sale (potentially to new PE owners) .. the auction is attracting big interest.. today's Sunday Times talks of a "bidding war" and says Pizza Express (with 400 + British outlets) is likely to transact at over £1 billion. I don't know how Pizza Express's turnover and profit per restaurant compare with PRZ, but on a simplistic "per outlet" valuation, the potential Pizza Express transaction would imply a PRZ valuation of over £500 mln, which compares with the current MC of about £350 mln ... as ever DYOR folks....
6 May '14
Annual Report & Notice of AGM
Follow up to the Prelim's in April, as said not much new news, however, positive and worth a read. Posting of Annual Report & Notice of Annual General Meeting________________________________________ The Company announces that it has posted the Annual Report and Accounts for the 52 weeks ended 29 December 2013 to shareholders, together with the Notice of the Annual General Meeting to be held on Friday 6th June 2014. An electronic copy of the document can be accessed on the Corporate section of the Company's website: http://www.prezzorestaurants.co.uk/prezzoplc/prezzo/financialperformance.html.
6 May '14
new annual report published today... not much new news, except that mgt/board's optimism for the Cleaver chain (currently 4 outlets) is growing..
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