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Carluccio's - First of many profit upgrades

May 2010

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:
  • CARL
  • Price:
  • 97.4p
It was almost three years ago when we first looked at deli-restaurant-combo Carluccio’s (CARL: 97.4p), although we stopped just short of buy rating them on a reassuringly expensive PE in the 30s. But in line with the derating of the sector, the rating has come down to half that and the company has grown into its valuation, with 45 restaurants now in operation against 28 then. Little wonder there was a bid approach a few months back.Carluccio’s current management bought into the business in 1999, having previously held similar positions at My Kinda Town, which they went on to sell to Capital Radio. Back then the concept was embryonic and they only had a handful of units but it has been successfully refi ...

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Related Articles

Carluccio's - 45% gain in four months (September 2010)
Carluccio's - Finance director buys shares (February 2009)
Carluccio’s - Unique deli restaurant combo (February 2007)

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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