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it was a low vol day... and more importantly v low AT day i presume you're using some form of pro platform with L2. did u follow the closing auction ?.. i did for the 15mins whilst wrapping up other stuff. It was insignificant examining such a low vol UT is pointless. at the mo the sp is just waiting for news which is due soon ;O)
the 13.5p trade was a tiny !! trade to encourage any sell algo present to dump some shares... none materialised.. i would ignore it ;O)
wait tho, we need 1GW to put a negative spin on this RNS .. lolz :) :)
ta
thanks in advance
yus191.... the volumes are tiny, and the £amounts miniscule today
LOL... they obviously did not think that through.... sheesh
...am awaiting the arrival of 1Kw to say why it isn't ..lol
this is standard.. they would be remiss if they didnt
...what date is the general meeting (just thinking in terms of the irrevocable undertakings received so far, and time left for an alternative bid)
why the sharp 5% spike down stateside??... ta
discussed on FT Alphaville just now
.... have not even woken up and seen it yet... lol..
;O)
its there... see trades data on most platforms
..any info why / broker updates?..??..ta
£600+ mill is 20% up on fri. close
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The Motley Fool 9th June 2016 Did I miss the best buying opportunity? Shares in Restaurant Group fell as low as 265p in May, before rebounding strongly to their current level of 367p. I've been taking a closer look to decide whether it's still worth buying ahead of a possible takeover bid or turnaround. My view is that Restaurant's core franchise, Frankie & Benny's, has become dated and needs refreshing. However, this shouldn't be too difficult for a competent management team. Consumers are eating out in greater numbers than ever and Restaurant's balance sheet is strong, with very little debt. Earnings forecasts have fallen recently, but on a forecast P/E of 12.5, the shares still don't look expensive. There's also a 4.4% dividend yield, which I expect will be maintained. I suspect that any takeover bid would be priced at between 400p and 500p, so buying today could still deliver a worthwhile profit. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Garfunkel’s owner on the menu for activist investor Oliver Shah June 5 2016, 12:01am, The Sunday Times An activist investor is building a stake in The Restaurant Group, owner of eateries such as Frankie & Benny’s and Garfunkel’s. Crystal Amber, whose past targets have included Pinewood film studio and the chocolatier Thorntons, has bought about 1% of the FTSE 250 company — below the 3% threshold at which shareholdings must be disclosed to the market. It could take as much as 5%, sources said. The activist’s swoop comes after a near-halving of The Restaurant Group’s share price since the start of the year amid a trio of profit warnings. The slump, against a background of growing competition in the sector and the falling popularity of retail parks due to online shopping’s advance, has fuelled takeover speculation. Private equity firms linked to bid interest in The Restaurant Group include Cinven, the former owner of Pizza Express, and TA Associates, which has a stake in the fashion and home furnishings company Cath Kidston. A source close to the situation said the company would also make a natural target for Whitbread, the FTSE 100 parent company of Costa Coffee and Premier Inn. Crystal Amber is known for agitating for deals in many of its holdings. A source close to the fund said there would be “huge cost synergies” if The Restaurant Group was combined with another operator. He added: “It’s got a share register with growth investors, and it’s no longer growing.” The fund’s intervention is likely to crank up the pressure on Danny Breithaupt, who has been chief executive since September 2014. Debbie Hewitt, who made her name as the managing director of RAC, joined as chairwoman last month and has already started to shake up the board. Stephen Critoph, the finance director, was ousted in April on the day of the third profit warning. A source close to the company said the old board had been “asleep at the wheel” and suggested that Hewitt’s desire for change would align her with Crystal Amber. Shares in The Restaurant Group closed at 357.5p on Friday, valuing it at £720m.