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.
Looks like this isn't showing signs of losing momentum ahead of Wednesday....
Tightly held.
I must admit I am tempted to top slice and lock in … but, I must remember my initial purchase was well above what we are now, and things are much better now than they were then!
Mine too! 90p entry point so need a good boost here. Upward spiral.
I started at 83. I have a good feeling about RTN. Gut is better than any brokers forecast ;-)
Another great day for those who bought in/topped up sub 30. Not me unfortunately, but every step closer to break even is welcome!
Agreed! Super day - just booked the prae wood arms in St Albans, taking wife, kids and my 25% voucher to celebrate. Walk past Waga St Albans nearly every day and its always packed.
Not as exciting today but hoping for a positive set of results tomorrow which will push SP up significantly
https://www.morningadvertiser.co.uk/Article/2023/03/03/Is-TRG-set-to-sell-off-Brunning-Price
Whilst I appreciate this would pay of debts I feel selling B&P would be a mistake. Anyone who has been in them will know the demand they have. As the economic outlook worsens and cost of living crisis takes greater hold I feel B&P is one of their businesses that will be less impacted due to its target customers socio-economic group.
There is little advantage of having no debt if one of your main income streams has been sold off.
If you watch the Q&As on webcast from last year, it's evident that Andy Hornby likes the pub business and the only barrier to buying more / expansion is the relatively inflated cost of pubs.
Personally, B&P was one of the main things that attracted me to this share, if its sold off I'll probably exit my position in TRG due to the resultant rebalancing (good v sh*t) of the portfolio of business its owns.
Just hitting Bloomberg TV headlines now, Irenic Capital has had private discussions with RTN, I’ll try and find out more.
Bloomberg “ March 7 (Reuters) - The Restaurant Group has become a target of activist investor Irenic Capital Management, which is pushing for a change at the Wagamama and Frankie & Benny's owner, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Irenic Capital has had private discussions with the company, including potential divestiture of its pubs and concessions businesses, increasing disclosure around the profitability of Wagamama and reducing corporate costs, the report said.
In February, shareholder Oasis Management publicly called for the company to take immediate steps to restore market confidence, after requesting a board seat last year, which the Restaurant Group said it had rejected.
The company and Irenic Capital did not immediately respond to Reuters' requests for comment. (Reporting by Amna Karimi in Bengaluru; Editing by Anil D'Silva and Shinjini Ganguli)