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Fulham Shore - Signs of a recovery

September 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.

The shares bounced off lows after Fulham Shore reported its results for the year to end March, a period in which it opened nine new Franco Manca pizzerias to take it to 41 units, with Oxford and Bristol particularly well received, and four new The Real Greeks to leave 16 in this brand. The new openings left net debt of £12m, up from £5.9mAlong with the wider restaurant sector, Fulham had a challenging year. Sales were up 35% to £54.7m but it recorded a pretax loss of £0.1m (2017: £1.37m pretax profit) after an impairment charge on three underperforming sites. Fulham said that the more touristy areas are doing well (33 of the Franco Mancas are in London) and better than the more suburban are ...

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