Updates

Prezzo - Risk to forecasts on the upside

October 2013

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.

Broker Cannacord's research note ends with the words we like to hear, â€œforecast risk on the upside.â€ Revenues in the latest H1 have been driven by positive like-for-like sales growth and contributions from last year's openings with sales up 17% to Â£79.7m. Adjusted pretax profit was up 12% to Â£8.5m and eps by 15% to 2.8p.Prezzo continues to add new space at a frantic pace funded by the Â£30m+ free cashflow it is generating already. Some seven Prezzo and Chimichanga branded units opened in H1 to leave 216 at the end of June but a further six have already opened in Q3. Payback is less than three years and it says it is well on track for at least another 17 to open by the year-end and this will inclu ...

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

Prezzo - Early stage bid talks with ASK-owner (November 2014)

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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