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La Tasca - Results expected 12 December

December 2006

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:
  • LAT
  • Price:
  • 138p
La Tasca shares have resumed a positive trajectory. Helping was a pre-close statement for the six months to 29 October, a period which has seen trading return to more normalised levels following the World Cup plus the opening of a further six restaurants. That takes the total to 70 at the period end with a further eight sites to open in H2, of which three are currently secured. The shares look close to breaking out ahead of results on 12 December. Numis forecasts £6.8m pretax (eps 8.9p) in the current year to 30 April with £8.2m (10.7p) next year. Interims are scheduled for 12 December; still a buy for those prepared to take a 2/3 year view. ...

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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.

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