The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Eagerly awaiting numbers . Aberdeen Union square was busy again queues for the hour I was there.
Probably the only share in my portfolio I’m 100% confident in. It ticks most of the progressive 2020 investment boxes.
I hope we get an update later this month on some form of reorganisation. The new team have had a chance to review where they are at and what needs to be done going forward, I believe there will be some disposal of brands with a more focused approach on the key strengths being most likely Wagamamas and F&B, I also believe there may have been a few leadership changes which may be updated on. Let's see, as I said previously I think Xmas will have been OK for them and there have been some big films out which also has a large impact on performance based on locations.
I am optimistic, more and more people are choosing to eat out and RTN sit in a good price bracket for the younger audience and families where the money is spent.
Not sure on timelines but believe 1.50s will be reached again so should get my 10% here, even if that takes 3 months it will be worth it and the dividend sits behind it still which goes some way to mitigating any delay in getting to where I hope / believe.
GLA
One thing that makes this so volatile is the high ownership by institutions (80/90%?), so pretty small amount for PI's. Huge fan of Wagamammas, but desperately disappointed with expansion plans (lack of). Thats was for me the driving factor to deliver growth again and mitigate any further write downs. There is so little news to justify these kind of swings. This is a classic trading pattern pre update. You could well have timed it right. Very good luck.
Wish I’d got out at 156 but I’d be back in now if I did! in the name of research went to wagas in union square Aberdeen. Queue of 12 waiting to get in. Didn’t wait so broke my F&B virginity ... steady stream of punters but by no means busy ... no staff stood about thou so local manager got his numbers right, I wasn’t expecting much but was pleasantly surprised with the quality. King prawn starter was delicious and Italian hot pizza decent too. I’d go again .
Amazed this got into £1.60's. I got out in £1.56. Lost faith with their lack of ambition in rolling out more Wagamamas especially internationally. Might be running before they can walk but thats what they paid the premium for for Waga, to balance their other pile of croc that they don't like to mention too often. Like hows the offloading loosing brands and premises going and what happened to the trial with Sainsbury? Naked trader has taken a short to £1.20. He reckons he's better at shorts than longs. Norges Bank seem to have mastered the art of buying and selling at exactly the wrong time. Gonna wait for the update and see if I've mastered it too!
Today is an Absolute no brainer . If you have been to Wagas this last year you will see how busy they are. I'm in the Aberdeen Union Square one( supporting my investment ) quite often and even on a Tuesday in January its busy .. I know they have some dog brands too, but from my bums on seats calculations at 25 a head average spend. This restaurant alone turns over about a million. My other haunt is Newcastle and that's also not far off this figure. If i had any more money i'd be topping up at these prices. Hopefully there are no skeletons in the closet. I reckon Market Cap of 1B is fair value on waga alone (but I sold Greggs at 15quid!! , because I thought they were expensive!!! ) DOH
I hope so but it's got a long way to bounce before it gets to my average of 417p. Not one of my best investments
UBS downgrade I believe. Not worried, will bounce back up, always does.
"Being manipulated by algos/bots" But surely something must give them a kick start? A leak about next weeks update? Someone taken to hospital with food poisoning?
Being manipulated by algos/bots. Most of the trades are bots and very thin volume. You can check trade types on the London Stock Exchange websites. I reloaded to.
Back to the 1.40 I mentioned so back in for a few, wish me luck!
Quiet on here.................