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Nice Trent,
Looking like FUL is one of the stronger positioned hospitality companies
You mentioned a reversal, what is your buy-in target to top up here? I can't imagine it will go below 13-14p before things pick up again tbh
For once with this one. I'm also slightly ahead with my Mars & SGC holdings too. All good to see.
For once with this one. I'm also slightly ahead with my Mars & SGC holdings too. All good to see.
@ lsetown.
Yes, thank you.
I was put on to this one by JoeKenny. I did some research on it and liked more than disliked here. I may well add at some point if things work well here.
Nice to see all the new posters - there weren't many of us here a while ago!
Fulham Shore's product is great and they have shrewd experienced management with skin in the game. I am hopeful!
Well, I've dipped my toe in with a small 1900 share holding. I've liked quite a bit of the information that my research has uncovered.
Agree, their distressed debt strategy is very attractive and will prove lucrative... exciting times ahead IMO
I heard about this one on Mars board. My limited research so far sees more positives than negatives. Liking the expansion plans & low debt levels.
And I have a soft spot for Greek food. Only down side is no Greek food restaurants in my area.
Looks promising about intended expansions (hopefully to be announced over the next few months):
https://www.bighospitality.co.uk/Article/2021/02/08/Fulham-Shore-Franco-Manca-Real-Greek-to-restart-expansion-when-normal-trading-resumes
Well bought almost 1k here at 15p, looking toward 6-9 month timeframe. Hoping in that time that these will continue to make acquisitions and make money as things reopen. Cant see why RBG is 30p and these arent when Rbg are up to their eyeballs in debt and have almost just as many establishments
Have these hit a ceiling? Or are these set to increase post-lockdown?
******
These have had a nice rise whilst closed, IMVHO they will now just be a slow burner before taking over some distressed leases.
This expansion will see growth in the SP.
Profit takers are currently controlling the price which is normal....personally awaiting a reversal to top up before reopening.
ATB.
Have these hit a ceiling? Or are these set to increase post-lockdown? Judging by the past performance, they've been seemingly stagnant around 11p for years.
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
May well invest here alongside my COM shares too
Agree TBS - Finance Director increased his ownership to 2% in February - think he sees this doing well this year!:
Mr Wong's beneficial interest in the Company's Ordinary Shares increases to 12,388,449, equivalent to 2.00% of the Company's share capital as enlarged by the Option Exercise.
Furthermore from the Trading update:
The Company's net debt, before lease liabilities recognised under IFRS 16, as at 5 February 2021 was £5.7m. This compares with net debt of £9.5m as at 29 March 2020. The Group therefore has financial headroom within its loan agreements of circa £20m
Much better position than the likes of RBG in my opinion as so much less debt to worry about so easier to take on new sites at cheaper prices because of bankruptcies and increased vacancies from the damage COVID has done to hospitality and grow into the recovery this summer and beyond (fingers crossed vaccines etc continue to go well for us all)
SP seems very high to me at the moment, lots of profit taking, may wait for this to fall back before investing here
I guess it is on the radar of the IIs now and they have the funds to move the dial.
I am really hopeful we will hear soon of new sites.
I do feel this share has the potential to do very well moving forward. There are some great deals for them on new sites, and it seems they are well positioned and minded to acquire in good locations. I’m on board for the long run.
Same reasoning could be done with Fulham #ful.l, but the quality of the biz is lower than RICK:
??Renting -50% (1/3 costs)
??Deflation in COGS as GBP is surging (1/3 costs)
??LfL sales ??+ higher penetration delivery service
??VAT?
= FCF x2/3 from Pre-COVID + multiple?? = x4/5
From my twitter
Unicorn UK Growth Fund have 5% which makes FUL one of the larger holdings. Fund is small £100m but has some good other holdings and this is a good indicator that they expect FUL material growth. With money available acquire and open more sites at lower costs than pre-pandemic, the future looks very promising.
Glad you are back - it is still moving - there must be an announcement soon.
Franco Manca is the best I reckon - the Real Greek is good - to be honest I only have been to one and it was mid-afternoon so I guess they weren't at their best. The starters were great but the main course meat was a bit dry. The lager (Alpha-Omega?) was really good though!
Phew.....the drop in SP today, combined with crystallising a good leveraged play on the FTSE100, enabled me to re-enter this share this afternoon after a very short absence. Plan to hold long term now - wasn’t happy whilst out, even though it was for less than 2 trading days. I rate Franco Manca highly, look forward to sampling The Real Greek in due course, and await progressive developments with this company over the coming months.
Understandable trade though Trig looks to be an IT at a 20% premium so be careful. Don't stay away too long.
In a moment of spontaneity, I sold out on Friday AM, taking over 60% profit. My thought process was sell FUL now at its recent peak, buy Jet2 which was 7.5% down, as I feel more likely to make bigger gains in Jet2 over the months than I would FUL at this price. I was also able from the profits to re-enter TRIG, which I had previously sold. I definitely want to re-enter and will do so if there is a dip, enabling me to get back in at less than I sold. Good luck in the meantime - great share, and I’m not content to be in monitor and buy back mode, rather than invested in it.
This is motoring!