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dropped below £1.30 the day after I posted and now rebounded 13%, does it all the time, pretty easy trade with the dividend in the background if you do get stuck in it - whats not to like about this one?
I have sold my last tranche because the fall today tells me what I previously thought - prosepcts here very poor, debt and leases will kill off the company if the new ceo needs any help in that regard. good luck to those that remain.
Have been in and out of this a few times in last year, am currently out having made a little on previous rise, was going to buy back in when it went back to 1.22 but didn't and watched annoyed with myself as it climbed back up to 1.50+
I think this reaction is a bit overdone to be honest, new MD (a very bright guy if a bit of a curved ball for this industry) will undoubtedly have wanted to play it down and re set the accounts to make sure he is in the best position to demonstrate his personal impact in the months to come. Appear to be expanding the Brunning & Price brand a little too and they are pretty good places to be fair.
Personally think this may drift a bit lower in next few days but do expect it to rise again in months ahead and the divi is pretty reasonable (not forgetting the 25% vouchers you get for money off food and drink!).
Thanks you Schroders for alerting my suspicion on friday(Wonder how they knew). Market over-reaction? This is what happens when you get poor communications with investors, the majority of who are institutions. On the face of it the business looks ok given the climate but Wagamama clearly can't carry the dead wood on its own and needs to be expanded fairly quickly to offset their disastrous leisure arm which may lead to more right offs. Was going to jump back in, but because of the huge institutional holdings and the fact that their news flow has been slow and deliberately very ambiguous to put it politely, not sure this isn't going to take a lot longer to pull round.
So Schroders have gone below 5%. Interesting timing. This really is a crap site. Re they going to fix it or what. If I was paying for it I'd definitely want my money back. It lags behind real time al day and then packs up an hour before close. Anyway back to RTN. The stock has risen nearly 50% since RI. Very little news flow. On the face of that and other facts I managed to call the top today and pulled the plug. Maybe the results will be good they will certainly need to be excellent. Will look on with interest but a profit is a profit and hard to come by (and much appreciated for the fourth time in the last four months) in this game of cat and mouse. Best wishes to all, I think the management could be much more communicative. Hope they don't mess up with Wagamama. Gl to all invested
Wagamama Stevenage packed with customers. 6pm and theres a queue out the door. Average spend for our family is £30 a head for an hour+ visit.... This place will make a fortune compared to the outgoing chiquito- roll on dividend day!
good job too. Cant afford any giveaways! Had to change my plan slightly and topped up last week and today. The two recent institutional buys seem to have stopped the usual interim slide. Trump must be playing the markets well. Apparently no recession now against although financial pundits.
Norges Bank seem to have dipped into their piggy bank for another purchase yesterday. Interims due September 3rd. Watch mms drag price down till then and pile in the day before results come out is my plan
Berenberg Bank reiterate underrated £1.75 fair price. Amazing the influence these analysts have. £1.22 low yesterday and nearly 10p up. Markets are very strange at the moment, with airlines up and down like airplanes I guess. Must be banks turn to up next if somebody can think of a ludicrous enough reason!
Waga was a deal they had to do and it has already proven that it will enhance the group enormously. Which is why they bought it against 40% shareholder disproval. The most recent update was that trading was inline with Wagamas strong resurgence, rather at odds with the view of 'empty tables and too few visitors' based on what?. RTN was seen to be the best placed group to carry out the previous owners plan to expand that brand globally, as well as converting existing restaurants to Wagamama.Two recent analysts have viewed that the RTN is 37% and 47% undervalued at a time when the sp was nearer £1.40. With the likelihood that interest rates remain low and downward pressure on retail rental I think there is reasonable shot that they can pull it off. Its ambitious and won't happen overnight, but so far the takeover has proved a better move than not to.
WAG can't keep this coy afloat. Too many tables too few visitor and the new exec appointment spells end game. look at the leases and the impairments to those lease arrangements that will need to be asked for from LL. The LL will need to write down just to allow this to survive. SP c£5 with growing dividend - now £1.25 after RI
There has been notable institutional investment last month. The new man from the HBOS isn't due till August. Questor mentions that its going to be tough and sites Jamie's Italian as an example. It isn't. Jamies has been struggling for 3 years, not because the food wasn't excellent, the staff were brilliantly trained. They failed because you can't really expect to go national on 40 quid a head chain. Wagama is a completely different model. Excellent nutritional tasty food at a very competitive price. Easy to drop in for quick meal whilst out and about and great for families and good attention to allergies and special requirements. Beer a bit pricey but hope they keep the free green tea!
Norges Bank took a position here recently. Seeming to be almost immune to the recent turmoil this is quite a big step down (16p altogether). Has debt resurfaced as a concern or impatience on implementation of the new plans. Technically on the chart front direction will be quite decisive tomorrow unless there is a decent update soon
for finally getting to grips with the market cap after 6 months, now try and get the sp right! Billywallstreet .com reckon this is worth 47% more. You could probably say that about a lot of shares. The proof as they say will be in the pudding or number 44 on the wagama menu. So nearly back in but this has held up remarkably well considering.
Banked a very nice 30% profit today, it was all blue until the CEO announcement. GL all who have stayed in. Waga and mamago is the exciting side of this business, I think that will go strength to strength. Will keep a close eye to see if another buying opportunity arises