Updates

La Tasca - Opening programme ahead of target

January 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.

It wasn’t the results for the six months to 30 October which helped the shares to hit new highs. Instead it was the news that the company is to open 14 units this year, against earlier expectations of 10 to 12. As it was, six restaurants opened in H1 taking the estate to 56. Five of the six were in the La Tasca format and one was in the La Vina format (now 3). Overall, trading has been strong with sales up 18% to £27m. Pretax profit was £2.7m for adjusted eps of 3.7p. Return on assets (profit after depreciation against capital spend) was 28%. In terms of US expansion, the third unit at Baltimore has been delayed slightly but we are told it will open in February, nine months later than expected (largely du ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

XKO

Retail Decisions - Acquires leading Australian gift card operator

La Tasca - 200p a share bid; gain 50.4% (May 2007)

La Tasca - Attracts two bidders (April 2007)

La Tasca - Trading strongly over Christmas (January 2007)

La Tasca - Results expected 12 December (December 2006)

La Tasca - Trade disrupted by World Cup (August 2006)

La Tasca (May 2006)

La Tasca (October 2005)

La Tasca - Maiden results (August 2005)

La Tasca - Largest chain of Spanish restaurants (March 2005)

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