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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Restaurant Group

March 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • RTN
  • Price:
  • 103p
In soggy markets, this was one of the TMI New Year NAPS to break to new highs helped by an unscheduled update that noted EBITDA is now expected to be at the top of the previous range of £73m-£79m due to better than expected trading and cost containment. Importantly, net debt is now expected to be £10m lower at below £180m. Investec has, however, cautiously cut FY’22 sales by 1% and eps by 8% due to “Plan B” omicron restrictions. But it also notes TRG like-for-like sales have been comfortably ahead of peers, with Wagamama +1% in December ’21 versus ’19 against minus 4% for the sector and pubs down 7% versus 12%. Concessions were down 34% (still an outperformance versus the sector’s minus 47%) but with the pandemic seemingly now behi ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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