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Well he said he hadn't been actually approached but the rumour has clearly come from somewhere. Good to see either way. Should also get more news of acquisitions soon, very tempted to increase holding again as to not miss out on any further developments that push up the SP, can see this rocketing (personally think they're playing it tactical and not releasing any HY or Q reports until after June 21st)
Too many ifs, buts, & maybes to make any kind of educated guess. Anything is possible.
That said, at 68 years of age, retirement plans may well have crossed David Page's mind, so why not sell?
Andy Hornby's name is not one I had expected to see again in fairness. I did work for HBOS during his tenure, and being polite, he was described (not by myself) as being "no banker". To be fair to him though, Even though I never met him, he was described as a decent man. I did wonder what had become of him, and now I know. Maybe he will put a bid in, and a fair one which may well be accepted. Who knows.
I think the best thing (for me) to do is to hold on to my holding to see what happens.
Thoughts anyone? This could fly if a bid came in (personally didn't think RTN would want to expand but there you are)
https://www.thisismoney.co.uk/money/markets/article-9632691/Restaurants-toast-summer-deals-says-boss-Franco-Manca.html
Nice to see some more positive news coming in, should be a nice boom for the sector come June
I had a small chunk there and its been decimated, really dodgy thing to do... crooked even, I mean its totally suspect to release reports of such good trading, drive up the SP to 40 odd pence and then to raise such a huge amount at 20p!
FUL on the other hand are run by genuine entrepreneurs and I feel it won't be long before this surpasses RBG, the popularity of the likes of Franco Manca is on the rise while Revs have been in decline since 2018. Have a much larger holding here and I'm tempted to top up again
Wow - just seen the after hours placing announcement over at RBG, very sorry for any holders there. Something like a 40% discount to the closing share price today.
In contrast, Fulham Shore is in a good financial position without the massive debt that RBG has and without a crushing banking covenant. FUL is looking to expand its portfolio of Franco Manca and the Real Greek restaurants for what should be a summer full of pent up demand being unleashed with the success of the vaccination programme, and a great environment for healthy companies to exploit the unfortunate situation caused by the previous year and pandemic imo.
hoping for a lot of positivity come next month when things can reopen fully/without social distancing
As will my other holding MARS will also be too.
@JoeKenny.
Judging by historic RNS reports, there's an update due in a few months (in August,I think).
That said, I noticed that COM have issued an rns saying that they have opened all their restaurants, and subject to social distancing etc etc.
It's safe to assume that FUL are following the same scenario under the same protocols.
Just that they're opening new stores etc. surely a Q or HY report isn't far off
@JoeKenny
An rns saying what though? Not much (that I know of) has happened. they've opened a new shop in Holborn and have recently been allowed to open up for inside dining.
Shouldn't be long before an RNS is released now, it needs to in all honesty because the lack of news is creating stale bulls.
Same with my COM shares to be fair... casual dining seems to be very popular now after covid (as you said we only have to walk down our high streets to see that) so stocks like that and this one are no doubt set to boom over the next while as what was once normal is now an exciting novelty
Thank you Glen! I think so too, absolutely packed out down here in Cardiff. Read a great book by Peter Lynch a while back that conveyed a simple message: 'if it seems popular then get in before the market does!'
Always try to follow that and judging by what I see on social media etc. Franco Manco seems as if it's to be the next Pizza Express... I think us early investors here are set to thrive
Nice find JK - i've returned to London as of last week and so far everywhere has been absolutely full to the brim - good sign!
The branch in Holborn is opening on Tuesday the 18th. I saw an advert from them on Facebook saying so this morning.
Great news but how have you heard of this btw?
Hoping they come to Cardiff! Hopefully we'll get an RNS that informs us of acquisitions ... an annual or Q report shouldn't be far off either
Looks like two new openings are due in the next few weeks, Holborn and Glasgow.
Good luck!
RBG just released a very solid report... sign of things to come with FUL me thinks, shows how positive the market is currently reacting to good news!
Hopefully see at least 30p here when solid stats come in
Just almost shot up to 19p... really gaining momentum now (unfortunate that these penny stocks can take a while but think these retraces are healthy nonetheless).
@JoeKenny.
Good luck with your COM holding. May your confidence in them hear fruit.
I'm just not as confident in them as you seem to be. I'm a lot more convinced that this one is the better investment (at least IMHO). That said maybe you can see something with them that I'm simply not seeing. Either way, fingers crossed that it works for you.
I'm expecting to see a bit more of a rise over the next week or so In light of the Gov't a announcement of easing of lockdown next week.
I'm also in MARS & SGC as well as here so I'm expecting to see a nice boost in all 3 of my holdings over the short to med term.
Plenty of pent up demand for both here and mars. Plus hopefully more bums on bus seats too.
Looking forward to watching my investments grow.
I've done all my averaging up here for now, but I did increase my COM holdings the other day as they look to do well from the increase in casual dining over the next while.
In terms of FUL, if we take their reports literally, then we could see news of acquisitions as early as late June!
Hi JoeKenny.
Yes, I believe you are correct with the big players with high debt levels not doing so for a couple of reasons. First being their debt levels is one of the big ones, then of course they are already big players. MARS being one of them as we know.
But the smaller players, such as FUL and I'm sure there must be others in a similar position that could potentially exploit the status quo with negotiating better rents for themselves on vacant properties to expand and grow their offerings.
I'm hoping to stumble on a couple of others too in a similar position to this one but nothing has come up this far. Maybe I'll have another look at COM. Perhaps another small cheeky are here too.