Richoux Group Share Price (RIC)

Another roasting and stuffing on AIM. Looking like a completely turkey now. The postings here with 2 year intervals is a bit rich!

Hello

Note the director buys around 15p prior to Final Results released on Friday. The signs were there that this looked cheap, and the stock has clawed back some of the losses made in 2014 to reflect positive results. Is it just me, or does it seem unfair the Director was able to purchase knowing full well (or at least aware) of the performance of the business? Outlook for next year looks positive but with the notoriously quiet period ahead people may take profits or sell into any further share price strength. Final results for the 52 weeks ended 28 December 2014 Richoux Group plc, the owner and operator of 17 restaurants under the Richoux, Dean's Diner, Villagio and Zippers brands, today announces its final results for the year ended 28 December 2014. Key points: · Turnover increased 10.4% to £12.68 million (2013: £11.48 million). · Adjusted* EBITDA increased 10.0% to £1.63 million (2013: £1.49 million). · One new restaurant opened in the year. Five further sites have been secured for 2015/2016. · Currently seventeen restaurants trading. · Cash of £3.95 million at year end (2013: £4.01 million). "Although only one restaurant was opened during the period, we have already contracted to open three new sites this year with two further sites already contracted for 2016" Capital expenditure of £1m on the newly opened restaurant gives an idea of costs for further five sites to be opened but also what the operating profit figures are likely to be going forward. Cash pile likely to shrink this year and next but revenue, EBITDA, profits etc expected to increase. One to watch.

Edward Standing, you have f****d this business, well done!

They are going yo build flats on top of the building in st johns wood, so the teashop is all *******s!