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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Restaurant Group

September 2023

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:
  • 44.5p
Press reports that shareholder TMR Capital is looking to acquire two of Restaurant Group’s four divisions (pubs and leisure, which make up more than 100 outlets) have moved the shares higher. Its update also provided good cheer with three divisions enjoying progress. Wagamama registered growth of 5% in the 13 weeks ended 2nd July and a further 21% in the two weeks ended 16th July. Pubs (+13% and 7%, respectively) and Concessions (+23% and 34%) also grew with only Leisure down. It also confirmed incremental cost savings of £5m; acceleration of rationalisation in Leisure with 35 sites (including 8 freeholds) to have closed by the year-end; and the opening of four new Wagamamas and one pub. Management continue to review their ...

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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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