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Online bid is up to 5p now and they won't sell you any size. Keep the spread wide to flush out sellers. Restaurants opening and we could see a good rise like at FUL
Australians have been going to the pubs and restaurants (based on reservation numbers) twice as much as they were before the pandemic. Great sign for UK pub and restaurant stocks.
Loads more articles like this online too:
https://www.just-drinks.com/news/australian-on-premise-rebound-a-harbinger-for-rest-of-world-analyst_id132599.aspx
Yes managed to get a small chunk after around 20 mins, looking forward to normality now, hopefully these will be back to 15p+ by summer when everything reopens :-)
Did you manage to get them? Very difficult to buy
Thank you for the quick info here guys, high director holdings is always a good sign. Have invested a small chunk here as part of my recovery portfolio :)
(Just waiting for the damn thing to be negotiated!)
Also according to their website information, as at 31st December 2020, 4 investors hold significant shareholdings totaling 19.1% so Directors (66.5%) and the significant shareholdings (19.1%) have a total of 85.6%.
So that only leaves 14.4% in open hands ,
I have been buying to hold on a long term view that they will pull through - dyor
Just had a look at their website, good news they open up 12 sites on 12th April for outside dining, plus the 2 Westfield sites for takeaways, I cut and paste below
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Outdoor Terraces & Gardens
Government rules permitting, from 12 April we will finally be allowed to welcome you back for outdoor dining on our beautiful terraces and gardens. You can enjoy all those celebrations with your friends & family that you’ve missed over the past year!
Here is the list of Comptoir restaurants where you will be able to join us for lunch and dinner with no booking required:
London Bridge, Chelsea, Liverpool Street, South Kensington, Gloucester Road, Wigmore Street, Kingston, Bath, Exeter, Reading, Manchester, Oxford
Additionally, we are super excited to announce the reopening of Comptoir Westfield London and Comptoir Westfield Stratford for takeaway, click and collect and delivery.
Indoor dining will return soon – we’re already taking bookings from 17th May! To secure your table
*****************************
Do you know if their places will reopen after covid? Really unsure if they'll have the liquidity to do so
66.5% held closely with Directors having a large stake in the company. Currently can only buy around 8K online without going to a negotiated trade.
They haven't they are still doing takeaway
Have these closed their sites permanently?
Cannot even buy 10K online. Looking forward to the re-opening and a re-rating of this depressed price.
If you want these in any size be prepared to pay a premium
Well someone took a chunk of stock yesterday and now they are asking full offer. Not much free float stock about so it's a buy and hold not a trader but can see when it gets going it could move PDQ
from last accounts
**Net cash after deferral of COVID-19 direct related payments and provisions amounting to £3.8m, the ‘normalised’ cash position would be £1.2m
When you consider the likes of FUL have actually recovered to new highs it does beg the question when COM will start to move back to a sensible level. A lot of pent up demand to eat out so should see a move back over 10p in the future.
Last results stated £5M net cash and equivalent. I have started looking at this as if they pull things round and the UK opens as we are expecting this looks like a bit of a cash cow.
What I mean by that is just take a look at pre covid numbers:
For the year ended 31 December 2019
-- Group revenue reduced 2.7% to GBP33.4m (2018: GBP34.3m)
-- Gross profit increased 0.6% to GBP24.9m (2018: GBP24.7m)
-- IFRS loss after tax of GBP0.67m (2018: GBP0.76m loss)
-- Adjusted EBITDA* of GBP5.27m (2018: GBP4.97m)
-- Net cash and cash equivalents at the period end of GBP5.1m (2018: GBP4.6m)
-- Loss per share of 0.54p (2018: 0.62p loss per share)
Any clues to how much cash they have left, hope we don't have to wait till final figs around 21st April to find out, it would be re-assuring to know they have cash to keep them going over next few months so they are able to open up again , think directors should let us shareholders know the situation, if not defo thinking an MBO as directors own most of it anyway and may look to snap up the remaining shares and take it private or maybe a small fund raising exercise will happen, time will tell.
10p MBO, .
Surely this is a no brainer, either the chain recovers and the sp goes up or it is snipped up by a bigger fish for peanuts.
Have you looked at the fundamentals?
Is this company dealing dope now? Why the rise?
Gorgeous food, Lovely flavours and fresh. I used to be chef and I'm not easily pleased. Bagged this today so sold half as I have that rule on bagging. Will hold the rest for years all being well.
I haven't tried their food, but I love Mediterranean / Lebanese style restaurants.