Judging by the tone of today’s interims, things are on track in terms of reviving the Group’s fortunes. Judged against the 4 strategic objective set out by the new CEO, there is tick against all this morning. It is admittedly early days but investors should be reassured. The LFL position is better than earlier guidance and there is no change to full year expectations. The shares trade on a P/E of 13.8x falling to 13.4x with an attractive 5.5% yield. We feel the stock should bounce today and rema ....
31 Aug 2017
N+1 Singer - Restaurant Group - Interims point to the investment thesis being on track
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N+1 Singer - Restaurant Group - Interims point to the investment thesis being on track
- Published:
31 Aug 2017 -
Author:
Sahill Shan -
Pages:
4
Judging by the tone of today’s interims, things are on track in terms of reviving the Group’s fortunes. Judged against the 4 strategic objective set out by the new CEO, there is tick against all this morning. It is admittedly early days but investors should be reassured. The LFL position is better than earlier guidance and there is no change to full year expectations. The shares trade on a P/E of 13.8x falling to 13.4x with an attractive 5.5% yield. We feel the stock should bounce today and rema ....