Member Info for Spades1973

Wink!

Well done all, and hopefully expect a counter bid

World events.

Typically, the day you sell out will be the day the News/offer comes in. It may be volatile but there is value and one day it will be realized.

High volume on sales side .. no news ?

If news comes, then someone's in trouble for insider dealing!

If no news arrives then its a big holder just wanting out, probably spooked by the bond markets

Have I missed something? Carnage over the last few days > blood everywhere?

You can get no risk 6% in the savings market, so IT’s are marked down to reflect this easy return . At 1£ this is a great investment for 7.5% PA but it still has sector market related risk

Its creeping up on small volume an no news, always a good sign of changing sentiment

I don't think they give Quarterly's. Although it maybe be different this year with the activists chirping in their ears.

I'd be happy with 75p, I'd be happier with a £1 .

Due to the shocking weather we had to experience some opportunistic but essential shopping time the Metro Centre. I attempted to increase my satisfaction of the sorry Sunday affair by getting lunch in Wagas... I couldn't! The queue was too big for my allowable lunch time slot, also, the upstairs open. I witnessed a Full restaurant which is approx:

150+ plus covers for 2 hours

300 servings @ £20 each, £6000

Half that for the rest of the day. So my restaurant low estimate turnover approx. £1500 and hour

10 hours a day for 5 days is 75000 a week

3.6MIlion a year based on 48 weeks

low estimate for Group turnover for Waga:

3.6 million X 150 restaurants is 540Million

EBITA 15% 81million

Estimate 7 x EBITA

Market cap 567 Millions

+ a couple of hundred mill for Brunning an Price and others.

Group Market cap *750Mill* or near a £1.00 per share . (based on Metro Centre only)

HUGE positivity in the whole place even Chiquito's was full!

May see a little tick up here _ decent performance under challenging circumstances. Increate in profits made and contracts won.

My best guess is lack of confidence from the market, its related to RTN sitting on bad assets far too long and economy based hesitancy .

For long termers like myself who bought in and averaged down from the Waga transaction, This company structure is where I believe it should be now, and eventually (black swans aside) will re rate to market cap of approx. 750Mil Brunning & price and Waga.

The activists wont wait that long, they'll want a market beating return ASAP. The recent RNS was good and I'm sure they will be disappointed the news didn't pique more interest to drive the price up.

I expect there will be more action and pretty soon.

Only for the dross! Happy days

https://www.thesun.co.uk/money/23883593/restaurant-group-owner-sell-frankie-bennys-chiquito/

As speculation takes hold I think this will climb to >60p . Activists strategy will emerge then the fun will begin.

:-)

I tend to agree about sentiment, but I am struggling to find a better place for my investment , where the value is not yet priced in. This could realistically gain 100% in relativity short period when the sector valuation multiples change. It could take 10 years to get 100% elsewhere.

Although risks still remain - Consumer spending, world events, politics.

I will hold.

Again low volumes so we can assume it's few days to analyze, digest and ask questions _ then we'll know!

May be a good time to top up

Sorry, *ditch Leisure

Time to ditch those concessions for a full houses of positivity.

Reasonable but not stellar- zero negativity though, which is a good sign.

Pretty low volumes considering its results day tomorrow . Comms must be tighter than submarine window!