Member Info for NorbertDentressangle

Haha! I'd say you might be disappointed then :D FM is sourdough so thin and chewy, I think they're lovely but I'm biased

These like to pay around 5% so could we see a dividend rise to around 45p perhaps?

Hiya, yeah I'm from SE London. I work for a company that provides fixtures for the new stores. David Page has done it before with Pizza Express and I think he has the hunger to do it again. He'd not bother at all if he didn't want to prove himself again. My guess is that we'll have 50 locations within 2 years and eventually 150+. Short term I don't see why we can't see a rise to mid 20s which would be a nice return

Fantastic news as expected

Two directors hold 2/3rds of the shares. Tight as you like

Volumes greatly increased today, there's not a lot of shares in public hands so could see a sharp rise once stocks go low.

Great stuff! A current SP my yield is around 8.4% based on buy in price. It's a good place to be at the moment with no sign of the pound strengthening against the dollar

Although dividend comes from earnings the company will want to preserve the ratio of dividend cover. I've not known them to pay less than 4% since I've invested (in normal circumstances) but even at current SP the yield is a little high. I'd imagine it dropping 20% if the oil price continues to be weak

Kilburn opens very soon, Kentish town within a fortnight. Will Brexit discourage tourism and encourage dining out? Will the bad summer create a bit of Stay-cationing?

It's not just the dividend, the company trades/accounts in dollars so is benefitting from the weak pound.

That's the key brand in the group. Not sure I get the Real Greek brand and expansion is muted. Someone of iii mentioned last year that David Page will be looking at bringing another fledgling chain in to the group, suggesting Patty & Bun. I work in an ancillary business in the development of new stores for Franco Manca and Patty & Bun and haven't seen any correlation in the management or design side of the businesses so this would be a surprise if it happened.

Franco Manca's appeal is not waning slightly on the high street. New branches in Kentish Town and Kilburn opening in highly prominent sites this month. Kentish Town is right opposite the tube and Kilburn is 20yds from the overground station. I think it's signalling a switch from more low key sites like the Balham and Ealing sites which are slightly slightly away from the town centres. The company are pressing home this brand and sooner rather than later were going to start to know all about them. The sites are getting bigger too which I guess will help profitability. Plenty of directorial support too and David Page is old hand at making a mint from the restaurant industry. Lots of potential at current share price

It already did fall from 10p to 5p etc etc Do you think the market has no forward thinking at all? The company is surviving in very challenging times and 16p is hardly an overstatement of the future prospects here. 16p represents fair risk

The percentage increase is actually nearer 190% if you compound it!

He may differ from most with his opinion but a small rise here is hardly proof that his opinion is incorrect. This is currently 95% below highs and only 20% of historic middle ground. There is huge upside here if the company gets it right but also a big chance that they'll cock it up. Having been invested since 2010 and benefitted from selling shares at up to 10x it's good to sit here and watch with the small investment I held on to

Why didn't you sell it all if you know it's going back to 6p?

Doesn't make happy reading those interims. Profit down 80 odd percent, impacted by the copper price. I noticed it mentions that we have $15M of copper for sales too, as opposed to $55M in 2014. Has production been cut massively whilst the copper price is so subdued?

I sold lots above £2 but wanted to hang on to 10,000 in case they rose further. It's frightening to think that they were worth £24,000 at one stage but that I didn't cash in. Not point thinking about it too much especially when considering my average was about 45p but that ended up banking my initial investment costs plus some profit and had those 10,000 shares as a freebie

Ros :)

Minimal disruption which the market doesn't seem to mind too much. Would be interesting to find out the material cost for carrying out the repairs as well as if the reason for the breakdown was wear and tear or lack of maintenance checks