View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsRestaurant Group 향후 성장Future 기준 점검 3/6Restaurant Group은 연간 수입과 매출이 각각 99.3%와 2.6% 증가할 것으로 예상되고 EPS는 연간 95.9%만큼 증가할 것으로 예상됩니다.핵심 정보99.3%이익 성장률95.90%EPS 성장률Hospitality 이익 성장18.2%매출 성장률2.6%향후 자기자본이익률n/a애널리스트 커버리지Good마지막 업데이트11 Dec 2023최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공시 • Dec 21The Restaurant Group plc(LSE:RTN) dropped from FTSE All-Share Index (GBP)The Restaurant Group plc(LSE:RTN) dropped from FTSE All-Share Index (GBP)공시 • Nov 08Wheel Topco Doesn't Plan to Buy Restaurant Group, Citing Market ConditionsPizzaExpress Group owner Wheel Topco Limited doesn't plan to make a formal offer for Wagamama owner The Restaurant Group plc (LSE:RTN) due to market conditions, it said November 7, 2023. On Oct. 26 Restaurant Group confirmed that it had received an approach from Wheel Topco for diligence information as it was considering a bid for the company. Earlier in October, Restaurant Group--which also houses Brunning & Price and Frankie & Benny's among its portfolio--agreed to an all-cash takeover worth around £506 million ($624.5 million) by asset manager Apollo's Rock Bidco. Under the terms, accepting shareholders will get 65 pence for each share held.공시 • Nov 04The Restaurant Group Shares to be Suspended from Official List and from London Stock Exchange's Main Market for Listed Securities on 21 December 2023On 12 October 2023, the boards of directors of The Restaurant Group plc (‘TRG’ or the ‘Company’) and Rock Bidco Limited (a special purpose vehicle indirectly owned by certain of the affiliated funds of Apollo Global Management Inc. and its subsidiaries, managed by affiliates of Apollo Global Management Inc.) (‘Bidco’) announced that they had reached agreement on the terms and conditions of a recommended cash acquisition by Bidco of the entire issued, and to be issued, ordinary share capital of TRG. It is intended that the Acquisition will be implemented by way of a Court-sanctioned scheme of arrangement (the ‘Scheme’) under Part 26 of the Companies Act 2006 (the ‘Act’). Cancellation of listing of TRG Shares expected by 7:30 a.m. on 22 December 2023. If the Scheme is sanctioned as outlined, it is expected that the last day of dealings in, and registration of transfers of, TRG Shares on the London Stock Exchange will be 20 December 2023 and no transfers shall be registered after 6:00 p.m. on that date. Following this, it is expected that TRG Shares will be suspended from the Official List and from the London Stock Exchange's Main Market for listed securities from 7:30 a.m. on 21 December 2023. It is intended that, prior to the Effective Date, applications will be made to the London Stock Exchange for TRG Shares to cease to be admitted to trading on its Main Market for listed securities, and to the FCA for the listing of TRG Shares on the Official List to be cancelled, in each case to take effect on or shortly following the Effective Date.공시 • Oct 31The Big Table Group Limited acquired of 75 Frankie & Benny's and Chiquito Restaurants from The Restaurant Group plc (LSE:RTN).The Big Table Group Limited agreed to acquire 75 Frankie & Benny's and Chiquito Restaurants from The Restaurant Group plc (LSE:RTN) for £1 on September 11, 2023. Big Table Group Ltd, will pay a nominal £1 for Restaurant Group’s loss-making Leisure business and will receive a ‘contribution’ from Restaurant Group of £7.5 million. The transaction is expected to close in the early fourth quarter of this year, Lazard & Co., Limited acted as financial advisor to The Restaurant Group plc. Sally Wokes, Chris McGaffin, Sarah Osprey, Jane Edwarde, Duncan Blaikie, Philippa O'Malley and Matthew Tobin of Slaughter and May acted as legal advisor to The Restaurant Group plc. The Big Table Group Limited completed the acquisition of 75 Frankie & Benny's and Chiquito Restaurants from The Restaurant Group plc (LSE:RTN) on October 30, 2023공시 • Oct 27Restaurant Group Attracts New Takeover Interest, No Proposal YetThe Restaurant Group plc (LSE:RTN) or TRG, has been approached by Wheel Topco Limited, the owner of PizzaExpress, but no takeover proposal has been made, the company said on Thursday in response to media reports. Wheel Topco has requested diligence information and TRG will provide it. If the interested party makes a proposal, it will be considered by TRG's board of directors, but there is no certainty that this will happen. Earlier in October, TRG agreed to a takeover offer from funds managed by affiliates of US Apollo Global Management (NYSE:APO) that values TRG at about GBP 506 million (USD 613m/EUR 580m). The company's board of directors still plans to recommend the offer to its shareholders, according to the statement.공시 • Oct 14Apollo Investment Fund X, L.P., managed by Apollo Global Management, Inc. agreed to acquire The Restaurant Group plc (LSE:RTN) from TRG Directors, Oasis Management Company Ltd., Irenic Capital Evergreen Master Fund LP and others for approximately £500 million.Apollo Investment Fund X, L.P., managed by Apollo Global Management, Inc. agreed to acquire The Restaurant Group plc (LSE:RTN) from TRG Directors, Oasis Management Company Ltd., Irenic Capital Evergreen Master Fund LP and others for approximately £500 million on October 12, 2023. It is intended that the acquisition will be implemented by way of a Court-sanctioned scheme of arrangement. Under the terms of the acquisition, each TRG shareholder will be entitled to receive for each scheme share held 65 pence in cash. The cash consideration will be financed by (i) equity to be invested by the Apollo and (ii) third party financing provided by certain third party providers, including RBC, of a £260,000,000 interim senior term facility under the interim facilities agreement. The offeror intends to work with the existing management and employees of TRG to support the business.The TRG Directors unanimously recommended the scheme. The scheme is subject to TRG shareholders approval at the Court Meeting and at the General Meeting, sanctioning of scheme by the court, third part approval, applicable requirements of the Takeover Code, the Panel, the London Stock Exchange, the FCA. The acquisition is currently expected to complete in early 2024.Mark Preston, Ed Boyce, Andrew Diggles and Samuel Jackson of RBCCapital Markets acted as sole financial adviser to Apollo. William Rucker, Louise Campbell and Adam Blin of Lazard & Co., Limited provided independent financial advice to the TRG Directors. Nick Reid, Hadleigh Beals and James Tookman of Centerview Partners UK LLP and Christopher Wren, James Ibbotson, Martin Weltman and Peter Catterall of Citigroup Global Markets Limited acted as financial advisor to TRG. Kirkland & Ellis International LLP is acting as legal adviser to Apollo and Slaughter and May is acting as legal adviser to TRG.공시 • Oct 13The Restaurant Group plc to Request London Stock Exchange and the FCA to Cancel Trading in Shares on the London Stock Exchange's Main Market and the Listing of the Shares from the Official ListThe boards of directors of Rock BidCo Limited ("Bidco") and The Restaurant Group plc ("TRG") announced that they have reached agreement on the terms and conditions of a recommended all cash acquisition by Bidco of the entire issued, and to be issued, ordinary share capital of TRG. It is intended that the Acquisition will be implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the 2006 Act. It is intended that the London Stock Exchange and the FCA will be requested respectively to cancel trading in TRG Shares on the London Stock Exchange's Main Market and the listing of the TRG Shares from the Official List on or shortly after the Effective Date. It is expected that the last day of dealings in TRG Shares on the Main Market of the London Stock Exchange is expected to be the Business Day immediately prior to the Effective Date and no transfers will be registered after 6.00 p.m. (London time) on that date. It is intended that TRG will be re-registered as a private limited company and for this to take effect as soon as practicable on or following the Effective Date.New Risk • Oct 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.공시 • Sep 12The Big Table Group Limited agreed to acquire 75 Frankie & Benny's and Chiquito Restaurants from The Restaurant Group plc (LSE:RTN) for £1.The Big Table Group Limited agreed to acquire 75 Frankie & Benny's and Chiquito Restaurants from The Restaurant Group plc (LSE:RTN) for £1 on September 11, 2023. Big Table Group Ltd, will pay a nominal £1 for Restaurant Group’s loss-making Leisure business and will receive a ‘contribution’ from Restaurant Group of £7.5 million. The transaction is expected to close in the early fourth quarter of this year.공시 • Sep 08The Restaurant Group plc Announces Chairman, Ken Hanna Informs His Intention Not to Seek Re-Election At the Group's Next AGM During 2024The Restaurant Group plc announced that the Company's Chairman, Ken Hanna has informed the Company of his intention not to seek re-election at the Group's next AGM during 2024 due to personal reasons. The Board will now initiate a comprehensive search process to identify a new Chairman and will update the market as and when appropriate. Ken will remain with TRG as Chairman until his successor is appointed in order to allow for an orderly handover.Reported Earnings • Sep 07First half 2023 earnings released: UK£0.002 loss per share (vs UK£0.034 loss in 1H 2022)First half 2023 results: UK£0.002 loss per share (improved from UK£0.034 loss in 1H 2022). Revenue: UK£467.4m (up 10% from 1H 2022). Net loss: UK£1.50m (loss narrowed 94% from 1H 2022). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Buying Opportunity • Jun 26Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.3%. The fair value is estimated to be UK£0.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 60%.공시 • Jun 21The Restaurant Group plc to Report First Half, 2023 Results on Sep 06, 2023The Restaurant Group plc announced that they will report first half, 2023 results on Sep 06, 2023공시 • Jun 08The Restaurant Group plc Announces Board Changes, Effective 1 July 2023The Restaurant Group plc announces that Alex Gersh, an Independent Non-Executive Director of the Company and the Chair of the Audit Committee, has informed the Board of his decision to step down as a Director with effect from 1 July 2023 due to other work commitments. Alex joined the Board on 23 February 2021 and is currently also a member of the Nomination and Remuneration Committees. Loraine Woodhouse, who has been a member of the Board since 4 July 2022, will take over the role of Audit Committee Chair following Alex's departure, with effect from 1 July 2023.Reported Earnings • Mar 09Full year 2022 earnings released: UK£0.09 loss per share (vs UK£0.053 loss in FY 2021)Full year 2022 results: UK£0.09 loss per share (further deteriorated from UK£0.053 loss in FY 2021). Revenue: UK£883.0m (up 39% from FY 2021). Net loss: UK£68.5m (loss widened 78% from FY 2021). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.공시 • Feb 17Oasis Management Company Ltd. Recommends The Restaurant Group plc to Restore Market ConfidenceOn February 16, 2023, Oasis Management Company Ltd. announced that it believed in the underlying value potential of The Restaurant Group’s core brands and emphasized its long-term commitment to the Company. Further, it stated that the Company has raised equity capital three times in the last five years whilst markedly underperforming sector peers and it considered this failure to deliver value to shareholders to have propagated low market confidence and unattractiveness to new investor capital. In addition, Oasis recommended The Restaurant Group to communicate to the market the strategic direction of the Company and means of value creation and it should engage with shareholders on all options for meaningful governance change in the near-term to promote this value creation and alignment with shareholders.공시 • Feb 05+ 1 more updateThe Restaurant Group plc, Annual General Meeting, May 23, 2023The Restaurant Group plc, Annual General Meeting, May 23, 2023, at 11:00 Coordinated Universal Time. Location: 5-7 Marshalsea Road, London SE1 1EP London, Uk United Kingdom공시 • Jan 22Oasis Management (Hong Kong) LLC acquired a 5% stake in The Restaurant Group plc.Oasis Management (Hong Kong) LLC acquired a 5% stake in The Restaurant Group plc on January 20, 2023.Oasis Management (Hong Kong) LLC completed the acquisition of a 5% stake in The Restaurant Group plc on January 20, 2023.Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Loraine Woodhouse was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Sep 09First half 2022 earnings released: UK£0.034 loss per share (vs UK£0.08 loss in 1H 2021)First half 2022 results: UK£0.034 loss per share (improved from UK£0.08 loss in 1H 2021). Revenue: UK£423.4m (up 95% from 1H 2021). Net loss: UK£26.1m (loss narrowed 53% from 1H 2021). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.Recent Insider Transactions • Jul 20CEO & Director recently bought UK£159k worth of stockOn the 15th of July, Andy Hornby bought around 376k shares on-market at roughly UK£0.42 per share. This was the largest purchase by an insider in the last 3 months. This was Andy's only on-market trade for the last 12 months.Buying Opportunity • Apr 28Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 37%. The fair value is estimated to be UK£0.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Meanwhile, the company became loss making.Board Change • Apr 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Chairman Ken Hanna was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Mar 18Independent Non-Executive Chairman recently bought UK£77k worth of stockOn the 16th of March, Kenneth Hanna bought around 100k shares on-market at roughly UK£0.77 per share. This was the largest purchase by an insider in the last 3 months. This was Kenneth's only on-market trade for the last 12 months.Board Change • Jan 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Ken Hanna was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Sep 17First half 2021 earnings released: UK£0.08 loss per share (vs UK£0.39 loss in 1H 2020)The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: UK£216.8m (down 4.6% from 1H 2020). Net loss: UK£56.0m (loss narrowed 73% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.Recent Insider Transactions • Mar 31CEO & Director recently bought UK£86k worth of stockOn the 30th of March, Andy Hornby bought around 86k shares on-market at roughly UK£1.00 per share. This was the largest purchase by an insider in the last 3 months. Andy has been a buyer over the last 12 months, purchasing a net total of UK£92k worth in shares.Reported Earnings • Mar 11Full year 2020 earnings released: UK£0.21 loss per share (vs UK£0.082 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: UK£459.8m (down 57% from FY 2019). Net loss: UK£119.9m (loss widened 197% from FY 2019). Same store sales growth: Down 8.3% vs FY 2019 Over the last 3 years on average, earnings per share has fallen by 95% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Mar 11Revenue misses expectationsRevenue missed analyst estimates by 8.5%. Over the next year, revenue is forecast to grow 20% while theHospitality industry in the United Kingdom is not expected to grow.Is New 90 Day High Low • Feb 20New 90-day high: UK£0.97The company is up 51% from its price of UK£0.64 on 20 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.04 per share.Is New 90 Day High Low • Feb 03New 90-day high: UK£0.81The company is up 78% from its price of UK£0.45 on 05 November 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.08 per share.Is New 90 Day High Low • Dec 03New 90-day high: UK£0.74The company is up 13% from its price of UK£0.66 on 04 September 2020. The British market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Hospitality industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.31 per share.이익 및 매출 성장 예측BATS-CHIXE:RTNL - 애널리스트 향후 추정치 및 과거 재무 데이터 (GBP Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20259953639111912/31/20249422432711112/31/2023935122153117/2/2023927-443598N/A4/2/2023905-5647109N/A1/1/2023883-6859119N/A10/1/2022863-4085136N/A7/3/2022843-11110153N/A4/3/2022740-2684122N/A1/2/2022637-405892N/A10/2/2021543-62050N/A7/4/202144928-189N/A4/4/2021455-48-50-17N/A12/27/2020460-124-81-42N/A9/27/2020622-147-64-13N/A6/28/2020784-169-4817N/A3/28/2020929-105-2646N/A12/29/20191,073-40-475N/A9/29/2019974-61-965N/A6/30/2019876-81-1555N/A3/31/2019781-37-357N/A12/30/201868671059N/A9/30/2018679132163N/A7/1/2018672183267N/A4/1/2018676183674N/A12/31/2017679184181N/A9/30/201768213579N/A7/2/2017685-173078N/A4/2/2017698-32N/A88N/A1/1/2017711-48N/A98N/A10/1/2016710-15N/A107N/A7/3/201671018N/A115N/A4/3/201669843N/A115N/A12/27/201568569N/A115N/A9/27/201567366N/A116N/A6/28/201566163N/A117N/A3/28/201564865N/A111N/A12/28/201463567N/A105N/A9/28/201462167N/A103N/A6/29/201460766N/A100N/A3/29/201459361N/A99N/A12/29/201358056N/A98N/A9/29/201357054N/A96N/A6/30/201356151N/A93N/A3/31/201354750N/A89N/A12/30/201253348N/A85N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: RTNL 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(1.5%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: RTNL (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: RTNL 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: RTNL 의 수익(연간 2.6%)이 UK 시장(연간 4.5%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: RTNL 의 수익(연간 2.6%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: RTNL의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YConsumer-services 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2023/12/23 21:47종가2023/12/20 00:00수익2023/07/02연간 수익2023/01/01데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스The Restaurant Group plc는 18명의 분석가가 다루고 있습니다. 이 중 11명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Victoria Lee SternBarclaysRobert ChantryBerenbergNigel ParsonCanaccord Genuity15명의 분석가 더 보기
공시 • Dec 21The Restaurant Group plc(LSE:RTN) dropped from FTSE All-Share Index (GBP)The Restaurant Group plc(LSE:RTN) dropped from FTSE All-Share Index (GBP)
공시 • Nov 08Wheel Topco Doesn't Plan to Buy Restaurant Group, Citing Market ConditionsPizzaExpress Group owner Wheel Topco Limited doesn't plan to make a formal offer for Wagamama owner The Restaurant Group plc (LSE:RTN) due to market conditions, it said November 7, 2023. On Oct. 26 Restaurant Group confirmed that it had received an approach from Wheel Topco for diligence information as it was considering a bid for the company. Earlier in October, Restaurant Group--which also houses Brunning & Price and Frankie & Benny's among its portfolio--agreed to an all-cash takeover worth around £506 million ($624.5 million) by asset manager Apollo's Rock Bidco. Under the terms, accepting shareholders will get 65 pence for each share held.
공시 • Nov 04The Restaurant Group Shares to be Suspended from Official List and from London Stock Exchange's Main Market for Listed Securities on 21 December 2023On 12 October 2023, the boards of directors of The Restaurant Group plc (‘TRG’ or the ‘Company’) and Rock Bidco Limited (a special purpose vehicle indirectly owned by certain of the affiliated funds of Apollo Global Management Inc. and its subsidiaries, managed by affiliates of Apollo Global Management Inc.) (‘Bidco’) announced that they had reached agreement on the terms and conditions of a recommended cash acquisition by Bidco of the entire issued, and to be issued, ordinary share capital of TRG. It is intended that the Acquisition will be implemented by way of a Court-sanctioned scheme of arrangement (the ‘Scheme’) under Part 26 of the Companies Act 2006 (the ‘Act’). Cancellation of listing of TRG Shares expected by 7:30 a.m. on 22 December 2023. If the Scheme is sanctioned as outlined, it is expected that the last day of dealings in, and registration of transfers of, TRG Shares on the London Stock Exchange will be 20 December 2023 and no transfers shall be registered after 6:00 p.m. on that date. Following this, it is expected that TRG Shares will be suspended from the Official List and from the London Stock Exchange's Main Market for listed securities from 7:30 a.m. on 21 December 2023. It is intended that, prior to the Effective Date, applications will be made to the London Stock Exchange for TRG Shares to cease to be admitted to trading on its Main Market for listed securities, and to the FCA for the listing of TRG Shares on the Official List to be cancelled, in each case to take effect on or shortly following the Effective Date.
공시 • Oct 31The Big Table Group Limited acquired of 75 Frankie & Benny's and Chiquito Restaurants from The Restaurant Group plc (LSE:RTN).The Big Table Group Limited agreed to acquire 75 Frankie & Benny's and Chiquito Restaurants from The Restaurant Group plc (LSE:RTN) for £1 on September 11, 2023. Big Table Group Ltd, will pay a nominal £1 for Restaurant Group’s loss-making Leisure business and will receive a ‘contribution’ from Restaurant Group of £7.5 million. The transaction is expected to close in the early fourth quarter of this year, Lazard & Co., Limited acted as financial advisor to The Restaurant Group plc. Sally Wokes, Chris McGaffin, Sarah Osprey, Jane Edwarde, Duncan Blaikie, Philippa O'Malley and Matthew Tobin of Slaughter and May acted as legal advisor to The Restaurant Group plc. The Big Table Group Limited completed the acquisition of 75 Frankie & Benny's and Chiquito Restaurants from The Restaurant Group plc (LSE:RTN) on October 30, 2023
공시 • Oct 27Restaurant Group Attracts New Takeover Interest, No Proposal YetThe Restaurant Group plc (LSE:RTN) or TRG, has been approached by Wheel Topco Limited, the owner of PizzaExpress, but no takeover proposal has been made, the company said on Thursday in response to media reports. Wheel Topco has requested diligence information and TRG will provide it. If the interested party makes a proposal, it will be considered by TRG's board of directors, but there is no certainty that this will happen. Earlier in October, TRG agreed to a takeover offer from funds managed by affiliates of US Apollo Global Management (NYSE:APO) that values TRG at about GBP 506 million (USD 613m/EUR 580m). The company's board of directors still plans to recommend the offer to its shareholders, according to the statement.
공시 • Oct 14Apollo Investment Fund X, L.P., managed by Apollo Global Management, Inc. agreed to acquire The Restaurant Group plc (LSE:RTN) from TRG Directors, Oasis Management Company Ltd., Irenic Capital Evergreen Master Fund LP and others for approximately £500 million.Apollo Investment Fund X, L.P., managed by Apollo Global Management, Inc. agreed to acquire The Restaurant Group plc (LSE:RTN) from TRG Directors, Oasis Management Company Ltd., Irenic Capital Evergreen Master Fund LP and others for approximately £500 million on October 12, 2023. It is intended that the acquisition will be implemented by way of a Court-sanctioned scheme of arrangement. Under the terms of the acquisition, each TRG shareholder will be entitled to receive for each scheme share held 65 pence in cash. The cash consideration will be financed by (i) equity to be invested by the Apollo and (ii) third party financing provided by certain third party providers, including RBC, of a £260,000,000 interim senior term facility under the interim facilities agreement. The offeror intends to work with the existing management and employees of TRG to support the business.The TRG Directors unanimously recommended the scheme. The scheme is subject to TRG shareholders approval at the Court Meeting and at the General Meeting, sanctioning of scheme by the court, third part approval, applicable requirements of the Takeover Code, the Panel, the London Stock Exchange, the FCA. The acquisition is currently expected to complete in early 2024.Mark Preston, Ed Boyce, Andrew Diggles and Samuel Jackson of RBCCapital Markets acted as sole financial adviser to Apollo. William Rucker, Louise Campbell and Adam Blin of Lazard & Co., Limited provided independent financial advice to the TRG Directors. Nick Reid, Hadleigh Beals and James Tookman of Centerview Partners UK LLP and Christopher Wren, James Ibbotson, Martin Weltman and Peter Catterall of Citigroup Global Markets Limited acted as financial advisor to TRG. Kirkland & Ellis International LLP is acting as legal adviser to Apollo and Slaughter and May is acting as legal adviser to TRG.
공시 • Oct 13The Restaurant Group plc to Request London Stock Exchange and the FCA to Cancel Trading in Shares on the London Stock Exchange's Main Market and the Listing of the Shares from the Official ListThe boards of directors of Rock BidCo Limited ("Bidco") and The Restaurant Group plc ("TRG") announced that they have reached agreement on the terms and conditions of a recommended all cash acquisition by Bidco of the entire issued, and to be issued, ordinary share capital of TRG. It is intended that the Acquisition will be implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the 2006 Act. It is intended that the London Stock Exchange and the FCA will be requested respectively to cancel trading in TRG Shares on the London Stock Exchange's Main Market and the listing of the TRG Shares from the Official List on or shortly after the Effective Date. It is expected that the last day of dealings in TRG Shares on the Main Market of the London Stock Exchange is expected to be the Business Day immediately prior to the Effective Date and no transfers will be registered after 6.00 p.m. (London time) on that date. It is intended that TRG will be re-registered as a private limited company and for this to take effect as soon as practicable on or following the Effective Date.
New Risk • Oct 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
공시 • Sep 12The Big Table Group Limited agreed to acquire 75 Frankie & Benny's and Chiquito Restaurants from The Restaurant Group plc (LSE:RTN) for £1.The Big Table Group Limited agreed to acquire 75 Frankie & Benny's and Chiquito Restaurants from The Restaurant Group plc (LSE:RTN) for £1 on September 11, 2023. Big Table Group Ltd, will pay a nominal £1 for Restaurant Group’s loss-making Leisure business and will receive a ‘contribution’ from Restaurant Group of £7.5 million. The transaction is expected to close in the early fourth quarter of this year.
공시 • Sep 08The Restaurant Group plc Announces Chairman, Ken Hanna Informs His Intention Not to Seek Re-Election At the Group's Next AGM During 2024The Restaurant Group plc announced that the Company's Chairman, Ken Hanna has informed the Company of his intention not to seek re-election at the Group's next AGM during 2024 due to personal reasons. The Board will now initiate a comprehensive search process to identify a new Chairman and will update the market as and when appropriate. Ken will remain with TRG as Chairman until his successor is appointed in order to allow for an orderly handover.
Reported Earnings • Sep 07First half 2023 earnings released: UK£0.002 loss per share (vs UK£0.034 loss in 1H 2022)First half 2023 results: UK£0.002 loss per share (improved from UK£0.034 loss in 1H 2022). Revenue: UK£467.4m (up 10% from 1H 2022). Net loss: UK£1.50m (loss narrowed 94% from 1H 2022). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Buying Opportunity • Jun 26Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.3%. The fair value is estimated to be UK£0.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 60%.
공시 • Jun 21The Restaurant Group plc to Report First Half, 2023 Results on Sep 06, 2023The Restaurant Group plc announced that they will report first half, 2023 results on Sep 06, 2023
공시 • Jun 08The Restaurant Group plc Announces Board Changes, Effective 1 July 2023The Restaurant Group plc announces that Alex Gersh, an Independent Non-Executive Director of the Company and the Chair of the Audit Committee, has informed the Board of his decision to step down as a Director with effect from 1 July 2023 due to other work commitments. Alex joined the Board on 23 February 2021 and is currently also a member of the Nomination and Remuneration Committees. Loraine Woodhouse, who has been a member of the Board since 4 July 2022, will take over the role of Audit Committee Chair following Alex's departure, with effect from 1 July 2023.
Reported Earnings • Mar 09Full year 2022 earnings released: UK£0.09 loss per share (vs UK£0.053 loss in FY 2021)Full year 2022 results: UK£0.09 loss per share (further deteriorated from UK£0.053 loss in FY 2021). Revenue: UK£883.0m (up 39% from FY 2021). Net loss: UK£68.5m (loss widened 78% from FY 2021). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
공시 • Feb 17Oasis Management Company Ltd. Recommends The Restaurant Group plc to Restore Market ConfidenceOn February 16, 2023, Oasis Management Company Ltd. announced that it believed in the underlying value potential of The Restaurant Group’s core brands and emphasized its long-term commitment to the Company. Further, it stated that the Company has raised equity capital three times in the last five years whilst markedly underperforming sector peers and it considered this failure to deliver value to shareholders to have propagated low market confidence and unattractiveness to new investor capital. In addition, Oasis recommended The Restaurant Group to communicate to the market the strategic direction of the Company and means of value creation and it should engage with shareholders on all options for meaningful governance change in the near-term to promote this value creation and alignment with shareholders.
공시 • Feb 05+ 1 more updateThe Restaurant Group plc, Annual General Meeting, May 23, 2023The Restaurant Group plc, Annual General Meeting, May 23, 2023, at 11:00 Coordinated Universal Time. Location: 5-7 Marshalsea Road, London SE1 1EP London, Uk United Kingdom
공시 • Jan 22Oasis Management (Hong Kong) LLC acquired a 5% stake in The Restaurant Group plc.Oasis Management (Hong Kong) LLC acquired a 5% stake in The Restaurant Group plc on January 20, 2023.Oasis Management (Hong Kong) LLC completed the acquisition of a 5% stake in The Restaurant Group plc on January 20, 2023.
Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Loraine Woodhouse was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Sep 09First half 2022 earnings released: UK£0.034 loss per share (vs UK£0.08 loss in 1H 2021)First half 2022 results: UK£0.034 loss per share (improved from UK£0.08 loss in 1H 2021). Revenue: UK£423.4m (up 95% from 1H 2021). Net loss: UK£26.1m (loss narrowed 53% from 1H 2021). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.
Recent Insider Transactions • Jul 20CEO & Director recently bought UK£159k worth of stockOn the 15th of July, Andy Hornby bought around 376k shares on-market at roughly UK£0.42 per share. This was the largest purchase by an insider in the last 3 months. This was Andy's only on-market trade for the last 12 months.
Buying Opportunity • Apr 28Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 37%. The fair value is estimated to be UK£0.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Meanwhile, the company became loss making.
Board Change • Apr 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Chairman Ken Hanna was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Mar 18Independent Non-Executive Chairman recently bought UK£77k worth of stockOn the 16th of March, Kenneth Hanna bought around 100k shares on-market at roughly UK£0.77 per share. This was the largest purchase by an insider in the last 3 months. This was Kenneth's only on-market trade for the last 12 months.
Board Change • Jan 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Ken Hanna was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Sep 17First half 2021 earnings released: UK£0.08 loss per share (vs UK£0.39 loss in 1H 2020)The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: UK£216.8m (down 4.6% from 1H 2020). Net loss: UK£56.0m (loss narrowed 73% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.
Recent Insider Transactions • Mar 31CEO & Director recently bought UK£86k worth of stockOn the 30th of March, Andy Hornby bought around 86k shares on-market at roughly UK£1.00 per share. This was the largest purchase by an insider in the last 3 months. Andy has been a buyer over the last 12 months, purchasing a net total of UK£92k worth in shares.
Reported Earnings • Mar 11Full year 2020 earnings released: UK£0.21 loss per share (vs UK£0.082 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: UK£459.8m (down 57% from FY 2019). Net loss: UK£119.9m (loss widened 197% from FY 2019). Same store sales growth: Down 8.3% vs FY 2019 Over the last 3 years on average, earnings per share has fallen by 95% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Mar 11Revenue misses expectationsRevenue missed analyst estimates by 8.5%. Over the next year, revenue is forecast to grow 20% while theHospitality industry in the United Kingdom is not expected to grow.
Is New 90 Day High Low • Feb 20New 90-day high: UK£0.97The company is up 51% from its price of UK£0.64 on 20 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.04 per share.
Is New 90 Day High Low • Feb 03New 90-day high: UK£0.81The company is up 78% from its price of UK£0.45 on 05 November 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.08 per share.
Is New 90 Day High Low • Dec 03New 90-day high: UK£0.74The company is up 13% from its price of UK£0.66 on 04 September 2020. The British market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Hospitality industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.31 per share.