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La Tasca - Trading strongly over Christmas

January 2007

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:
  • 150p
As we highlighted in August, H1 trading was upset by the World Cup which put off the company’s predominantly female clientele from entering city centre restaurants due to boisterous all male groups in bars and clubs. As a result, like-for-like sales growth was only 1% (2.6% excluding the World Cup period) but helped by six new openings, La Tasca’s sales increased 20% to £32.2m. Pretax profit was up only marginally at £2.2m from £2.1m. Earnings per share were 2.9p. The six new restaurants opened during the half were bunched up in the final nine weeks (2 La Tasca UK; 1 La Tasca USA; 1 La Vina; 2 Sam & Maxie's), leaving 70 units across the various formats. With a pretty mature restaurant profile ...

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Related Articles

La Tasca - 200p a share bid; gain 50.4% (May 2007)
La Tasca - Attracts two bidders (April 2007)
La Tasca - Results expected 12 December (December 2006)
La Tasca - Trade disrupted by World Cup (August 2006)
La Tasca (May 2006)
La Tasca - Opening programme ahead of target (January 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.

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