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the purchase means nothing in relation to bid / or no bid ...this noddy does not start until june ... theres no doubt RTN's been considered.. no rns just means no data room set up / nothing tabled.... yet, ,,or if ever

http://uk.advfn.com/stock-market/london/restaurant-group-RTN/share-news/Restaurant-Group-PLC-Director-PDMR-Shareholding/71592747 RNS this morning stating: £50k purchase of shares by the new non.exec dir

re yesterdays spike action on heavy volume, FT said Instinet/Nomura (which barely trades the stock usually) crossed more than 1mill shares running into the close, not known who for/why/etc

http://uk.advfn.com/stock-market/london/restaurant-group-RTN/share-news/Restaurant-Group-PLC-Holdings-in-Company/71573936 RNS : Major interest in Shares 25 May 2016 3.33pm Prudential 11,233,917 -----> 11,305,974 ie another £250k bought on tuesday 24th see the discussion over on advfn for more info

~~~~~~~~~~~~~~~~~~~~~~~~ Restaurant Group plc The Motley Fool Takeover target? Restaurant Group(LSE: RTN) has endured a very difficult period, with its guidance coming under pressure due to an uncertain outlook for the UK economy. Its shares have halved this year, but with them now trading on a P/E ratio of just 11.7 they appear to offer excellent value for money. And while Restaurant Group's bottom line is forecast to fall by 12% this year, it is expected to return to growth next year. Furthermore, with Restaurant Group rumoured to be a potential private equity takeover target, its shares could gain a boost from a bid approach. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

http://uk.advfn.com/stock-market/london/restaurant-group-RTN/share-news/IN-THE-KNOW-N-1-Puts-Price-On-Restaurant-Group-In/71538730 20/05/2016 14:04pm ALNC News: "N+1 Singer on Friday provided an estimate of what it thinks Restaurant Group's shares could be valued at if it is bought by another company." N+1 Singer : "Using SOTP analysis we arrive at 460p but envisage a price >500p if competitive tension builds." see discussion on advfn forum/bb

note the ...500p below...... http://news.sky.com/story/1698794/cinven-eyes-bid-for-ailing-garfunkels-owner Private equity firms including Pizza Express's former owner are mulling bids for struggling Restaurant Group, Sky News learns. By Mark Kleinman, City Editor The former owner of Pizza Express is weighing a takeover bid for the struggling listed company which operates the Garfunkel's restaurant chain. Sky News has learnt that Cinven, the private equity firm, is in the early stages of evaluating an approach to the board of Restaurant Group, which has seen its shares plunge by more than half during the last 12 months. Cinven, which sold Pizza Express to a Chinese investor two years ago, is not the only private equity firm circling Restaurant Group, which also owns Frankie & Benny's. City sources said that TA Associates and other parties had been running the numbers on a possible bid, although it was unclear whether a formal approach would materialise. Restaurant Group has endured a torrid few months, announcing the departure of its long-serving finance director and a third profit warning in quick succession less than a fortnight ago. The company, which also owns the Mexican-themed chain Chiquito and Joe's Kitchen, which is focused on a fresh food offer, has warned investors that this year's profits to be no higher than £80m. Shares in Restaurant Group were trading at around 327p on Thursday, giving the company a market capitalisation of just over £630m. It was unclear what level of takeover premium would be required to persuade the company's big investors to sell, but one source suggested an offer would have to be pitched above 500p to be credible. Another insider said it was far from certain that Cinven's interest would result in a firm offer being made for Restaurant Group. Cinven is also a former owner of the Byron, Ask and Zizzi restaurant chains through Gondola Holdings, their one-time parent company, before the latter two were sold to another private equity investor, Bridgepoint. Confidence in the pace of the consumer spending recovery during the last five years has buoyed confidence in the UK's casual dining sector, with a flurry of deals involving chains such as Cote and TGI Friday taking place. A person close to Restaurant Group said Cinven's operational expertise in the restaurant industry meant there could be considerable scope to improve its performance. "The company's reputation has been badly damaged in recent months, made worse by the poor advice of its financial public relations advisers," the source said. Alongside last month's profit warning, Danny Breithaupt, Restaurant Group's chief executive, announced a strategic review, the results of which would be announced in August. "We are focused in the short term on the operational levers that will improve our trading performance," he said. "In the medium term, we are reviewing the co

http://betaville123.blogspot.co.uk/ RARE Alert: Apollo/Casual Dining Group said to be circling The Restaurant Group Loyal readers will have picked up on my scepticism about the recent The Restaurant Group bid rumours in my "Burnt fingers" series. However, perhaps too much time in journalism (over a decade now) can make you too cynical. So, I'm prepared to air The Restaurant Group takeover tale that I have stumbled across recently as it contains a lot more detail than your standard "private equity" bid rumours that go around the market every couple of weeks. Sources say US private equity firm Apollo, which controls the Casual Dining Group (formerly known as Tragus), has been looking at combining The Restaurant Group - owner of Frankie and Benny's, Chiquito and Garfunkel's - with the Casual Dining Group. It's not clear, however, whether Apollo has submitted a formal approach for The Restaurant Group but word is the buy-out house, founded by Wall Street buccaneer Leon Black, has got bankers at Morgan Stanley, advising on how it should pursue a deal. Apparently, talks have already been held with The Restaurant Group. Apollo took control of Casual Dining Group - owner of Cafe Rouge, Las Iguanas and La Tasca - via a debt for equity swap in 2014. So, it's not hard to see what the US predator's angle might be given The Restaurant Group has issued three poor trading updates in a row and seen its shares crash 55pc over the last twelve months. Now, readers need to aware this information is RARE of the RAREST kind. If you don't remember what RARE is, here is the definition: Market gossip that hasn't been tested through formal journalistic channels (public relations executives, bankers etc). The rumour might be total codswallop but then again there may be something in it, so it's worth airing on Betaville. What will be interesting is to see whether The Restaurant Group or Apollo/Casual Dining Group make a statement. The trend recently has been for potential offerors to go "pens down" once they are outed in the media so they don't have to confirm a report. Restaurant Group and Apollo both declined to comment.

from the advfn bb on RTN: another instit. buying more of RTN..... 17/5/2016 9.16am RNS : Holding(s) in Company: NOTIFICATION OF MAJOR INTEREST IN SHARES Deutsche Bank AG 5,393,339 ------> 5,959,097

RNS late yesterday re Prudential picked up another 450,000 shares

Valuation: Price target of 305p based on relative multiple valuation We change our valuation methodology from DCF to relative multiples to reflect the uncertainty surrounding the strategy of the group, pending the ongoing review. We value RTN on 10.5x 2016E P/E, in line with the pubs sector (range 6.9x – 14.3x, average 10.5x). Our DCF valuation remains higher at 430p reflecting the potential long-term opportunity, but does not incorporate the heightened execution risk given the ongoing strategic review.

Restaurant Group Ripe for takeover, but will shareholders want to sell? Investors in Frankie & Benny’s, Garfunkel’s and Chiquito owner Restaurant Group (RTN) should brace themselves for a dividend cut following three profit warnings this year. While this would add to shareholders’ pain, the 60% share price decline so far in 2016 leaves the company vulnerable to a takeover bid so don’t rush to sell the shares. http://www.sharesmagazine.co.uk/article/restaurant-groups-terrible-year

broker notes, post fall.... Numis: Buy. The Frankie & Benny's brand is 38 per cent exposed to retail-only sites, which are seeing lower footfall and increased competition. The current priority for management is to reduce exposure to retail-only outlets and the Frankie's brand; more than 50 per cent of the portfolio is Frankie's and the aim is to reduce this to around 40 per cent to better balance the portfolio. The poor share price performance since the prelims suggests that the market has been anticipating a profit warning. Expectations have now been set at a realistic level and, while there are challenges ahead, on a PE ratio of 13 the shares are attractive. We have cut our target price to 475p. Canaccord Genuity: Hold. Peel Hunt : Hold. Investors Chronicle VIEW: Buy. The group's shares have almost halved in value this year. This is in sharp relief to their stellar performance subsequent to the financial crisis. And though management doesn't "anticipate any improvement to underlying like-for-like trends", the group remains highly cash generative and net debt is relatively modest. So while the rebalancing of the portfolio isn't achievable overnight, the group's shares now trade at a sizeable earnings discount to their peer group, against a double-digit historic premium. It's difficult to imagine there's no upside from the current share valuation, particularly with a yield pushing 6 per cent. Buy. 03/05/2016 – Restaurant Group had its “Neutral” rating reiterated by analysts at JP Morgan Cazenove. Target price GBP 400.00

Paul Scotts 3 stocks that he chose at the UK Investor Show, were Avesco, Waterman, and Restaurant Group RTN (following the fall)...so at least 1 analyst thinks its good value now ;O)

the FT.... (FT Alphaville) ..is really sticking its neck out this morning , saying: ~~~~~~~~~~~~~~~~~~~~~~~~~ ......."The PE firm looking at Fidessa is Advent International https://www.adventinternational.com Which makes sense, as rumours go. And the bank working on a possible deal is Morgan Stanley No approach yet, I am told. But there almost certainly will be one. " ~~~~~~~~~~~~~~~~~~~~~~~~~~~

for "bakers"....read "Bankers"..... typo,sorry

from FT Alphaville today.... FDSA is being closely looked at possible PE ,,,bakers appointed... ...very early stage

"Mr. Davis is an internationally recognised political leader"..... ummm... ????

courtesy of Rivaldo over on the advfn bb about OPAy http://uk.advfn.com/cmn/fbb/thread.php3?id=24804581 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ New Edison note - this summary says it all: Http://www.edisoninvestmentresearch.com/research/report/optimal-payments22 "Optimal has confirmed that trading in H115 was strong and in line with expectations. Depending on the timing of regulatory approvals, the Skrill acquisition is likely to complete at end July/early August. On our illustrative estimates for the combined Optimal/Skrill business, the stock is trading on a FY16e P/E of only 10.7x, at a significant discount to its peer group. We would expect this discount to start to close on completion of the deal and as Optimal moves to a main market listing, and ultimately FTSE 250 inclusion" ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Broker upgrades..... Canaccord reiterate "Buy" ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ After a 21% decline in the share price over the last month alone, Optimal Payments provided an update that we believe may address some negative speculation in the market. The update addresses three key share price catalysts: First, Optimal stated that trading in H1 2014 remains strong and in line with market expectations. We believe this should address concerns that Optimal’s largest client might drive disappointment. Second, Optimal stated that the completion of the Skrill acquisition is due to take place shortly after the receipt of FCA approval, which is expected no later than 30 July. Seeingthat the acquisition remains on track should give investors confidence that Optimal’s earnings should benefit from acquisition synergies over the coming quarters, in our view. Finally, Optimal detailed its continued progress towards a move to the LSE Main Market. Therefore, investors should continue to expect Optimal’s inclusion in the FTSE 250 and we believe, potentially, a rerating of the shares. We reiterate our BUY recommendation. Shares now trade at a deep discount to peers. Optimal trades at 7.8x EV/ 2016E EBITDA on our estimates compared to 13.8x for Safecharge and 13.5x for Wirecard on consensus estimates. Optimal plans to announce H1 2015 results on 26 August and host a Capital Markets Day in November 2015. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~