Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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.
Are we expecting a trading update soon, it was on Thursday 16th November last year.
Shares rallied 16% last year.
Well this 9% down is annoying
Tightly held . Not even 0.15% of shares traded on 765m in issue . Massive swings to stimulate trades . Don’t fall for it - Long game
Suspect trading will be slightly sub-par (not massively … on limited primary research) the Q will be whether this couples with the energy and interest hedges plus rent renegotiations create a profit margin… who knows … I think it will be wobbly for 18 months but it maybe a lot of the competition falls by the wayside and/or and these levels a buyout is on the cards…
The jewel in the crown was bought for 400M, current RTN Mk cap is 250M. so taking into account the increased revenue from Waga, and the protected state of the company balance sheet any bid ITRO 0.5B (70p) would be at the bottom end. Although massively below what i expected these shares to achieve i'd have to consider accepting it.
They had a rights issue in 2018 that raised circa £275m (to buy waga), followed by a placing last year for another £175m. The average SP was circa 105p. I cannot see the institutional shareholders accepting a 70p offer as the underlying value has to be greater but you never know! A lot depends on how profitability is impacted in the next year or so as RTN deal with the headwinds facing it and to date they have managed well. Whilst we maybe in recession for some time to come it may be shallow so spending may not be impacted by as much as is being currently suggested, we will see! Hopefully the trading update provides some reasons to be cheerful!
Sit on hands time!
Sorry I stand corrected 357Mil to buy Waga. Near enough 400Mil Tho
"The Restaurant Group plc ("TRG"), is pleased to announce that it has conditionally agreed to purchase the entire issued share capital of Mabel Topco Limited ("Wagamama"), the holding company of a group that owns and operates the Wagamama restaurant business (the "Acquisition") for a cash payment of £357 million"
We may be approaching a recession but many visitors to the UK aren’t. They’ve already saved their hard earned cash for holidays and meals out. I was in London last week and the wag at Covent Garden was packed so went elsewhere… the next day we called in around 3 at the one in Soho… was about 80%. Used our vouchers there. Some may disagree, but I though the budget was better than I thought. Hopefully the recession will people over to my bus company lol
Ps - apologies for the poor grammar… bumpy London cab is my excuse
Jesus sold for 10pc of their high around 2015 I think, another U.K. dog investment to go with all the other capital destructive shxt the indexes are full of…rule, never buy anything from Private Equity, they overpaid for Wagamama and the debt level incurred has fxcked them ever since.
Since the purchase and until B&P came alone Wagamama was the only thing that kept this company solvent, world events have kept this in the doldrums since the ridiculous Covid farce. Its grossly undervalued based on future earnings and the reduction of debt, but who knows what the world gov wants to happen next to destroy business.
If you believed in this company you would have averaged down and made quite a tidy profit of the last few years. 65p is ok but its not great. Waga and B&P are 1billion without debt . but while they are knocking lumps out of each other all over the world you are not getting that.