On Fire !!!!23 Apr 2007 15:13
PRZ. Hi chan, a scortching good Co. Red is the colour of fire engines. I will enlighten you, Yes having taken the girl of my dreams to Prezzo on more than one occasion, the first time almost set the place alight when the cheap paper serviette caught alight on the flame from the "T" light, we sat back and watched the staff dowse it which almost caught the cheap paper tablecloth alight, but that is a tale I can tell time and time again, how my investment in a Prezzo meal almost set this Co alight. But cliches aside. This is an expanding Co with more outlets opening up. However the whopping PE of 27 is toppy, but the Kaye (the entreprenurial family behind this) are the owners of Garfunkel's and Chiquitos. But back to business. Turnover up 45%; Pre Tax up 42%; EPS up 54% divi up 40%. Raised £7.1Mns to fund expansion. What this Co does is very clever, it has an internal restaurant credit rating so how we respond to the customer survey cards a staff bonus scheme operates. Only three restaurants opened up since Jan, but another eight are scheduled.