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Hey there great to get some feedback on here. Looking at the locations they should all be good around these parts. I noticed today in Haverhill that the Prezzo was real quiet but then again so was the other adjoining takeaway/ restaurants. Maybe ppl are holding back for next Sunday as its Fathers Day eerm also my birthday so i am off to a hotel Spa, maybe i can drop by the Wildwoods in Newmarket for a bite to eat afterwards. Have they given up the idea of the one in Stratford upon Avon (Nov 2011) as i can see no log of it on their location listing.
If you look at their track record over the past few years they started with 'dim sum' restaurants (and still have some) but, when the figures were not quite working, started the Wildwood idea. They then swopped some dimsums to Wildwoods and have closed down under-performing locations. From the figures each restaurant appears to be turning over about £1 million a year. All this suggests a very businesslike approach, focused on results. Your comments about the daytime trade are interesting. I wonder whether that is typical of their successful locations.
Have this on my watchlist they have almost overnight appeared all around affluent Cambridge areas. I walked past the one in Newmarket last week and the menu outside looked interesting and the inside very cosy with lots of wood finishing and a big flame grill area in view of diners. I believe more to come to this area soon my worry is the lack of customers during the day it looks more like an evening venue also not sure how kiddie friendly with a lot of fancy burgers on menu.
With the Wildwood Pizza & Grill formula looking to be a tried and tested winning formula, TAST could be a classic rollout. Numbers of restaurants are due to increase markedly in the next 12 months with the growth funded from cash flow. An added positive is the involvement of the Kaye brothers.
Interesting!
Tasty Sell 18-Jul-12 £299,999.73 Daniel Jonathan Plant 470,514 @ 63.76p Tasty Buy 18-Jul-12 £60,739.05 Adam Kaye 95,262 @ 63.76p Tasty Buy 18-Jul-12 £60,739.05 Samuel Kaye 95,262 @ 63.76p
Aptly named restaurant group Tasty has agreed a 2.5m-pound three-year revolving bank facility which will allow it to continue the expansion of its restaurant estate.
A couple of decent director buys also
Pre-Close Update and Change of Adviser The Company today announces a pre-close update for the 52 weeks ended 1 January 2012 and the appointment of a new NOMAD and Broker. As at 1 January 2012, the Company operated 18 restaurants. Of the 18 restaurants, nine operate under the Wildwood brand and six under the Dim T brand. The Company operates a further three restaurants under temporary brand names. The Directors intend to convert these three temporary brands into Wildwoods during 2012. Despite the difficult consumer environment, the Company recorded strong trading in November and December. Due to this strong trading the Directors can confirm that they expect to report financial results for the year ended 1 January 2012 ahead of current market expectations. The Directors remain cautiously optimistic for the year ahead. The Board today also announces that is has appointed Cenkos Securities plc as its Nominated Adviser and Broker with immediate effect.
http://www.investegate.co.uk/Article.aspx?id=201201160700265683V
The restaurant group Tasty served up its maiden profit yesterday after bucking the slowdown in consumer spending. The AIM-listed company, which operates 14 restaurants under the DimT and Wildwood banner, cooked up a pre-tax profit of GBP244,000 for the 53 weeks to 2 January, following a loss of GBP2.08m the year before. While it trades on a forward earnings multiple of more than 30 times after yesterday’s jump, the Independent thinks that over the long term, the stock will prove true to its name as an investment proposition and recommends buying the shares.
Apologies last post on wrong board
Aviva cuts Delta Lloyd stake again Date: Tuesday 12 Apr 2011 LONDON (ShareCast) - Insurance titan Aviva is to raise £381m through the sale of part of its stake in Dutch and Belgian subsidiary Delta Lloyd. The insurer said 25m Delta Lloyd ordinary shares, representing 15% of Delta's total shares in issue, have been placed with institutional investors at a price of €17.25 per share. The sale reduced Aviva's holding in Delta Lloyd from 58% to 43%. Delta Lloyd is a financial services provider offering life insurance, general insurance, asset management and banking products and services. It was once a wholly owned subsidiary of Aviva but the UK company floated off 42% of the company in November 2009 on the NYSE Euronext Amsterdam exchange at €16 a share. "Reducing our share holding in Delta Lloyd will not only enhance our liquidity and further strengthen our balance sheet but is also consistent with our focus on pursuing profitable growth in markets where we have strength and scale,” said Andrew Moss, chief executive of Aviva. In 2010, Delta Lloyd contributed to Aviva an international financial reporting standards (IFRS) operating profit of £536m and IFRS profit before tax of £895m. As at 31 December 2010, it had IFRS net assets of £4.3bn, or net assets of £3.1bn using the market consistent embedded value accounting practice.
Preliminary results for the 53 weeks ended 2 January 2011 Highlights * Revenue up 15% to £10,560,000 (2009 - £9,185,000) * Improvement in the trading position despite the adverse economic climate * Operating profit excluding pre-opening costs and non-trading items of £528,000 (2009 - loss £84,000) * Statutory pre-tax profit of £244,000 (2009 - loss £2,080,000) * Current trading shows continued improvement in profits * Further new units in pipeline and well positioned to continue expansion
http://www.investegate.co.uk/Article.aspx?id=201104120700067180E
Tasty profits from DimT and Wildwood operator Date: Tuesday 12 Apr 2011 LONDON (ShareCast) - The tough consumer environment has failed to suppress diners’ appetites for affordable meals out, judging by the latest update from branded restaurant operator Tasty. The company, which operates Wildwood pizza restaurants and the DimT oriental-themed chain, moved into profit in 2010 and said trading improved in the first quarter of 2011. A pre-tax loss of £2.08m in the 52 weeks to 27 December 2009 turned in to a profit of £244,000 in the subsequent 53 week period. Revenues rose to £10.56m from £9.19m. Tasty operates six DimTs and eight Wildwoods. The restaurants operate in London and the southeast. Tasty has just exchanged contracts for a new unit in London’s Canary Wharf, expected to be opened next month. Last week, Tasty’s much bigger peer Prezzo, the Italian restaurant chain, posted a sharp rise in profits and also said trading remains strong. Shares in Tasty jumped more than 5% after today’s announcement.
do they have an outlet in ****stan
Being interested in Food Stocks been following Tasty for some time. I've eaten at the Victoria / Pimlico Branch and thought it was ok. I suspect Tasty will be in a better position in a year or two when the Economy shapes up. As seen, wide Spread at present with low volume trading. The Kaye Family ( Prezzo ) have a large Interest and there's a sign of Kaye fingerprinting in the Image. Well worth watching for a while.
and further to that i would give pig-STY a little consideration.GL.dweezil.
..i also noticed(in passing) graph showing a cup and (nearly) handle: except we didnt get the handle but we did get the subsequent shift upwards.
Hi.I am currently doing the rounds on any number of sharesand i couldnt resist the urge to post.
just how tasty we talking, delicious or just plain georgeous
tasty