The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
Sentiment seems to be holding up nicely this time, too much good news for another serious dip. Also with regards to ingredients I think the issues surrounding BREXIT supply issues are only temporary
There may well be issues. While FS order in advance, that's not really much of an issue. It's the getting ingredients here that is likely to be the problem with the shortage of delivery drivers.
Tipped at 18p by The Sunday Times.
Anyone think FUL can go below this due to the prevalent supply issues we have (and going to get worse)?
Will be interesting to see what they have to say in their report, which should be imminent, Brexit may well be mentioned
Best spike so far, averaged up here to around 18p now after buying another chunk. This is gaining ground (literally) and publicity nicely.
As we buy a lot of ingredients from Greece for our Real Greek restaurants, I had floated an idea that I'd had relating to an Olive Oil producer in Zakynthos called Aristeon who used to offer a mail order service for their oil. They stopped doing it because of the export costs of sending it out in dribs & drabs. I also passed the idea on to Aristeon as well at the same time.
Aristeon did contact the email address on Fulham Shore's website with a view to a partnership with us, and possibly selling us their mail ordering list, which to me seems a good idea. Not only do we gain access to a great product to add to our offering, also a good number of their customer base to increase brand awareness to ourselves, but as far as I know, FS have not responded.
I hope they do. I can see good advantages for all concerned if this was to bear fruit.
Also, if anyone is planning a trip to Zante, buy a can of it to sample for yourselves. I do all the time. It's good stuff.
Right place right time IMO, sixth months from now this feed will be teaming with new investors and the SP will be on a new level. And you have to think too that the more stores they own the more visible the company becomes
Yes, I agree - I've re-read Peter Lynch's books only recently.
He's a sharp guy and I think he'd like FUL. Especially with the international franchise idea.
5+ bagger from here sounds quite possible.
This is the first company I think I'll actually manage to pull off the Peter lynch tactic- if you see something is getting popular then get in before the papers do.
This is on the rise big time, especially on social media
Great results today:
"Creation of new team to explore and progress the international development of both businesses"
"We plan to open 10 locations during the current financial year and have identified more than 150 additional sites in line with our medium-term plans".
The CEO seems to be quite the entrepreneur
Should find out more and get a clearer picture next week . Signs look promising for the sector going forward. Especially those who have been able to adapt and ride these rocky times like FS
https://www.sharesmagazine.co.uk/events/event/shares-investor-webinar-170821
Interesting points being raised on advfn about a potential raise, but can't see that happening. Though, RBG was unexpected so who knows what these directors sometimes think
Hope so mate.
Likes of franco manca are getting more popular day by day, won't be long before the SP starts to reflect that
Last year the June update was on 6 August so there might be one this week. Last news was positive and hopefully continues with increased revenue including new sites.
@JoeKenny.
I think it will. But not in the short term. Med - long term yes, roughly 12months from now as a minimum in my view, for 2 reasons.
1. Most in this sector have been closed or operating at minimal capacity. They will have still had their operating costs, rents, utilities, insurance blah blah blah.
While they are busy at times now, they will be chasing/recovering those costs in the short term, therefore making negligable profits. Once full lockdown is lifted, and pubs, restaurants can then open up to capacity, then that will be another story, but those figures will not show until next year's trading updates.
2. I know that FUL are looking at obtaining further restaurants, that is a good thing, that was why Ibought in here now at early doors. This to me is a"bigger picture" investing strategy for me, but news on developments on that score has not materialised as yet. I'm sure it will at some point, but these new restarants, (however many of them it turns out that they have signed up to) won't mean anything until they've been set up and are paying their way.
I'd say there won't be much movement in sp until all restaurants are operating at maximum trading capacity, and the new ones showing how they are performing.
As I say, I think we have a 12 month wait as a minimum before we see any serious sp movement.
Still expecting this SP to just fly at some point. Been stuck in the back burner for a while now, lots going on in the background e.g new sites. Maybe a big retrace after restrictions lift or a report comes in?
I'd imagine that there would be a set "lock in time frame" for rents payable to landlords for a set number of years. I'd say that rates will very by location. Landlords where properties have stood empty for some considerable time could well be available at more favorable rates to FUL.
I wonder if prices for possible new venues will be kept low, to FUL's advantage, because of the delay to the 21st June full re-opening? Excited to see if management can get some bargains for new venues.
Just a good historical perspective on this:
https://www.theguardian.com/business/2019/aug/28/casual-dining-downturn-takes-another-bite-out-of-pizza-express-profits
https://www.thescottishsun.co.uk/fabulous/food/7201363/franco-manca-glasgow-pizza-restaurant/
Franco Manca slowly becoming the new PIzza Express, this SP will be correcting big time before long
Yeah I also found the whole takeover suggestion a bit strange... 1. Although Franco Manca is growing in popularity I didn't think RTN were even looking for M&A and 2. I think FUL are too busy with their own expansion programme to be in a position where they would want to sell.
And just a bit of share chat: This SP should fly past the 20p mark soon I think, it'll begin to correct after we get the all clear that normality can resume after June 21st IMO
Too much money in the bank along with too many opportunities for FM to be part or M&A, maybe in a couple of years investors will be onboard.
AIMVHO.
ATB.
Just topped up again with a small chunk alongside my COM shares, quite optimistic here