Member Info for BuyHold

Brokers' forecasts are for EPS about 1p (giving PER of about 7) with strong growth in the year to March 2014. If the 2013 results and trading update are on target, it will be interesting to see the impact on the share price.

The share price has been drifting lately (due to drop in oil price?) but the company seems to do a great job of underpromising and overdelivering on financial results.

Yes. I felt that it was very positive in terms of plans for the business over the next year or two. He seemed to welcome my call and also said that the Kayes welcome small investors. He also said that they are pretty quiet. They like the figures to do the talking. I'm sure that he'd be happy speaking to you if you have questions.

I spoke to the guy there who is the relevant contact and he was very helpful. He could not give specific numbers which were confidential but he was willing to discuss the broad picture. This was a few weeks back.

Though results 'only in line', a very pleasing trading update. I have no worries when the share price drifts as the company continues to produce growing profits and cash.

Well done! I believe that Cenkos have recently given a Buy recommendation and that may account for some of the interest. However, I haven't been able to find out any detail.

I always take the long term view because I have no great skill at guessing whether a share price will go up or down in the short term. The question I ask when buying is simply whether it's worth it at today's price - given my view of the company's future. Sometimes I'm lucky enough to buy at what turns out to be a low price. Other times the price promptly drops 10% and I wish I'd waited! B, I wish you good fortune with your decision.

Yes, heading in the right direction!

I agree that the company's websites could do with upgrading. As you say, they appear not to be linked and in any event none of the websites provide much useful information for potential customers. As well as photos, a map of locations would be good. Look forward to your feedback if you go. Good fortune BH.

Yes, Stratford is open. In the company's December 2012 year end accounts the Chairman says that "Since the year end the Group's two Cafe Pasta restaurants at Shaftesbury Avenue and Stratford-upon-Avon acquired in November 2011 were successfully converted into a new sub-brand of Wildwood, Wildwood Kitchen. If you go to www.wildwoodkitchen.co.uk you can see it listed there. I have no inside knowledge of this company. I'm simply reading what's in the public domain. As the number of restaurants increases so does the cash flow which allows them to open a greater number of locations year by year. I don't live anywhere near them so it will be interesting to hear if you try them out. I make no prediction as to the future of this company but, based on my assessment of the potential and what I look for in an investment, I decided to buy in a couple of weeks back at 75p.

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.

I hope no takeover! I'd prefer to hold and see the Board meet their mid term numbers.

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 press release today from Sopra Banking Software, a supplier to PCF. The article focuses on the savings made by PCF as a result of installing the software. In the article PCF's managing director, Robert Murray, says that the last two months trading have been "our strongest yet for new business and we're going from strength to strength in a difficult market"

Based on the £10.5 EBITDA already announced I estimated PBT at around £6 million. House brokers Shore Capital have gone for £6.4 million in their 3 May forecast, rising to £7.3 million next year. With all enterprises now in profit and with positive cash to reduce debt, the £7.3m looks pretty cautious.

Final Results report: 273% revenue growth in Asia, 98% up in Germany, fast growth in Latin America - and improving margins plus a dividend. While this growth rate is not sustainable long term, another year or so would be great!

In their 10 April note, Equity Development reiterate their fair value on the shares at 150p. For anyone who wants to understand more about what SAL does, ED has an excellent (and free to download) 36 page research note dated 4 December 2012 on the company. Clearly SAL is already posting very promising results and is cash generative. However, there is great scope for growth if it can attract more of the billions spent by UK advertising companies into experiential marketing. In order to achieve this, it has - with other media buying specialists - created a separate company SP+ to educate the advertising agencies.

With recent SP slide, shareholders may have had some concern about current trading. However, today's update is very upbeat and my buy at 11.2p last June is looking good for a long term hold.

At 31 January GTC had £5.5m cash, had paid off long term borrowing and had only 262k short term borrowings. As the market cap is around £20m, this gives a sizeable chunk of cash per share. Dividend payments are quite low - 234k in H1. So, it will be interesting to see what plans the company has for this cash - and the increasing amounts of cash that will hopefully be generated moving forwards. Also, the net of cash P/E ratio may well be down to single figures for the current year to July 2013 - assuming that the H1 momentum can be maintained into the second half.

Revenue up 24% to £3.967m, PBT up 290% to £1.398m. Basic EPS 3.62p (2012 1.00p). 'Significant levels of forward committed income'. Chairman says, "We hence remain confident about our medium and long-term prospects." Interim dividend 0.4p (0.2p)