Updates

Restaurant Group

June 2018

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.

Restaurant Group’s AGM was told that during the first 20 weeks of the year, the pubs and concessions business continued to outperform the market. It expects to add 10 pubs this year (including four acquired from Ribble Valley Inns) alongside 12 new concessions. On the leisure side it has exited a further five sites bringing the number of sites exited to 41.Like-for-like sales for Q1 excluding the impact of snow declined 3.1% while a better exit rate saw Q2 like-for-like sales decline 1.8%.The shares still carry the large 10.6p final dividend (ex-div 7 June). Keep buying. ...

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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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