Member Info for tom231

This feels like a bargain now. I have its intrinsic value at c.£3 a share. Yes they've made some miss steps strategically but they have cash in the bank and + Free cashflow growth.

It's fundamentally a very profitable business whose ambitions got a little too large. Angus and Peter (cofounders) have 37milllin reasons (a piece) to want to get it right. In their last company report they had share option incentive all the way up to £14 a share which may be unrealistic but is a measure of their ambition.

I have every confidence that they will recover. Trying to time the market is madness, your ideal hold time for a share should be forever.

Just used it as a buying opportunity. I still like the fundamentals of the business. For me it's growing pains but we'll see I suppose. The risk I see I'd whether Angus is being too ambitious with his international aspirations when he's already cornered the domestic market.

Whilst the share value remains perceptibly unchange the trade values to appear to be creaping up. I've invested heavily here. Feel like they've suffered from a strategic error but are fundamental a profitable business

Whilst I appreciate this would pay of debts I feel selling B&P would be a mistake. Anyone who has been in them will know the demand they have. As the economic outlook worsens and cost of living crisis takes greater hold I feel B&P is one of their businesses that will be less impacted due to its target customers socio-economic group.

There is little advantage of having no debt if one of your main income streams has been sold off.

If you watch the Q&As on webcast from last year, it's evident that Andy Hornby likes the pub business and the only barrier to buying more / expansion is the relatively inflated cost of pubs.

Personally, B&P was one of the main things that attracted me to this share, if its sold off I'll probably exit my position in TRG due to the resultant rebalancing (good v sh*t) of the portfolio of business its owns.

Not as exciting today but hoping for a positive set of results tomorrow which will push SP up significantly

For me this is a hold. I expect results to be good and push values back up to 50s and potentially 60s but there is no doubt some headwinds coming over next couple of years due to economic climate. My 2 - 5 year target would be in the £1s.

As has been discussed on this board previously the B&P and Wagammas brands are really strong and likely to be less impacted by CoL crisis however the leisure side of the business will struggle. Jury is still out on the consession side, but it's likely not to reach peak until after we get through this global economic turmoil.

Rightly or wrongly it unlikely I will be derisking.

The B&P & Waga brands are superb. I am now up 16.5% and see this continuing to rise into late 40s if not early 50s. I have the intrinsic value of this way beyond that.

If you haven't been to a B&P I can highly recommend it. Its our favourite Sunday roast and always incredibly busy.

Dyor

Vol. Sold 653,235
Sold Value £218,420.12
Vol. Bought 2,094,415
Bought Value £707,597.91

Pretty savage press release by oasis today. Will be interesting to see how the boars respond.

Just seen it as massive buying opportunity... so for me its a win win

Is this Oasis exiting their position ?

Was just thinking the same!? Has word got out about results!?

@GiantSquid - looks like your post about Oasis seems to be playing out.

Lol I thought that. However IMO RTN is a great investment. Brunning & Price and Wagammas are great brands, just need to divest F&B and Chiquitos. Seem to have a good level of Free Cashflow too.

We'll see, i have more money to invest if it goes down again. Eitherway, I am happy with my 41p average in the long term.

I bought more, sub 40 felt like too good an opportunity to miss.

I've been on holiday abroad 3 times this year, every plane, hotel and resort has been full to capacity. It seems being 'locked down' for two years was pretty good incentive to spend significant sums on holidays as it highlighted 'life is short'. I suspect that will continue despite the gloomy economic outlook.

The socioeconomic groups who will be really struggling with the cost of living crisis are not the ones spending £1k -£ 4k on holidays with Tui.

You're p*ssing into the wind Todd, looking down the history of this board everyone stopped listening to you a long time ago.

Suggest you find another share to troll.

Sold Value £522,241.80
Bought Value £1,160,349.62

Yet a drop in SP of 4.6%