Updates

Prezzo - Early stage bid talks with ASK-owner

November 2014

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.

Three bid approaches for the SCSW Growth Portfolio 2 in a single month. This time it was Prezzo’s turn although so far a preliminary approach from Advent International/TPG Capital and Prezzo says it is likely to be pitched at around 135p a share.TPG already owns the Ask and Zizzi brands, which were set up by other members of the same Kaye family who subsequently set up Prezzo and bringing the chains together would create a casual dining group with 500 units. With the Kayes owning two-thirds of Prezzo’s equity, it would appear they are putting the business up for sale and any deal is clearly in their hands.A few weeks earlier Prezzo reported interims to 30 June and it’s easy to see why the bidders are interes ...

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Restore - Buys rival for £23.5m and becomes no.2 in document management

Acal

Prezzo - 126.5p cash offer from TPG (December 2014)

Prezzo - Risk to forecasts on the upside (October 2013)

Prezzo (May 2013)

Prezzo (May 2012)

Prezzo (October 2011)

Prezzo - Buys six leasehold units for Â£0.55m (May 2011)

Prezzo (October 2010)

Prezzo - Buys 11 restaurants for Â£3.1m (September 2010)

Prezzo - Expects to open 8-10 restaurants this year (May 2010)

Prezzo - To open 10 restaurants versus 2 last year (February 2010)

Prezzo - Resumes restaurant opening programme (October 2009)

Prezzo - Value for money consumer proposition (June 2009)

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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