Updates

Fulham Shore

January 2019

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Having flagged in September that it would reduce its opening programme from the nine new restaurants last year, the latest H1 saw Fulham Shore open only two Franco Manca pizzerias (Bath and Cambridge) with a further one to open in H2 (Aldersgate). The lower level of openings resulted in investment of £1.7m (2017: £7m), which helped net debt reduce from £12m to £8.9m. Sales improved by £5.5m as last year’s stores made a full period contribution and grew to £33m (no like-for-like information provided). Ebitda was £4.1m, up from £3.3m. Adjusted profit after tax was £0.9m from £0.6m. Subject to how political events unfold, it said that it plans to accelerate its opening progra ...

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The Restaurant Group

Kainos - Employee number reaches 1,300

Fulham Shore (May 2023)

Fulham Shore - To open 18 units this year (August 2022)

Fulham Shore (July 2022)

Fulham Shore - New site success (May 2022)

Fulham Shore (August 2019)

Fulham Shore - Signs of a recovery (September 2018)

Fulham Shore - Still expanding by 14 restaurants a year (March 2018)

Fulcrum Pharna - Set to expamd in US, Europe and Japan (July 2002)

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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