Updates

Clapham House - Bid approach

September 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.

Clapham House's confirmation that it is in offer talks overshadowed results last month; the obvious predator was Capricorn Ventures, the owner of Nando's, which already owns 27% of the shares. For the year to 28 March on a continuing basis, Clapham House reported sales up 4% to Â£44.5m and adjusted profit of Â£3m. The primary brand of Gourmet Burger Kitchen accounted for 90% of the Â£6m EBITDA during the year. Although the strategy was to stabilise trading without raising operational risks by opening new units too quickly in a weak market, two new GBK restaurants were opened in the UK plus five franchised ones overseas leaving it with 51 in the UK and 15 internationally. Clapham's other brand, The Real Gr ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Carluccio's - 45% gain in four months

Prezzo - Buys 11 restaurants for Â£3.1m

Clapham House - Nandos bids 74p (October 2010)

Clapham House (April 2010)

Clapham House - Writes down Tootsies ahead of sale (August 2009)

Clapham House (May 2009)

Clapham House (February 2009)

Clapham House (January 2009)

Clapham House - 'Highly positive' about future (October 2008)

Clapham House - Sells Bombay Bicycle Club (August 2008)

Clapham House (April 2008)

Clapham House - Capricorn takes holding to 25% (February 2008)

Clapham House - Nandoâ€™s owner buys 11% stake (January 2008)

Clapham House - Reigns in opening programme (December 2007)

Clapham House - Broker sets 465p target (October 2007)

Clapham House - GBK to almost double in size in FY08 (September 2007)

Clapham House - Fastest growing restaurant operator (July 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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X