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Tortilla Mexican Grill - Next year’s forecast climbs 30%

July 2022

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:
  • MEX
  • Price:
  • 129.5p
I briefly touched on another value-for-money restaurant chain, Tortilla, in February’s SCSW. This month the company acquired rival Chilango. The business was bought from RD Capital, which dubs itself as a “provider of permanent capital” but has flipped it to Tortilla for £2.75m, having bought it for £1m in 2020.The deal brings in eight units, six of which are in London Zone 1 locations, which should benefit from the trend of returning commuters and tourists. Including new openings, it takes the total to 74, up from 64 at the start of the year and another seven openings are expected this year.In Tortilla’s hands Chilango benefits from more favourable buying power and also has access to Tortilla’s 5,500sq ft central production ...

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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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