Tasty plc (TAST) “is pleased to announce… it has raised £9.25 million (before expenses)… In addition, a retail offer via the Bookbuild platform to raise up to £1 million”. So what about the market response not being “pleased”, with the shares currently more than 27% lower at 0.60p?
Writing on casual dining restaurants company Tasty plc (TAST) early this month with the shares then up to 1p I concluded that, with some already-admitted “disappointing” trading detail to follow in the next few weeks, still avoid. Now a “Trading Update” which argues the company’s plans “will enable the return to profitability and should secure the company's long-term future”. So what of a current 0.90p share price?
Casual dining restaurants company Tasty plc (TAST) has issued an “Insurance Settlement and Trading Update” announcement including that it “is pleased to announce that it has agreed a full and final settlement with its insurer for the amount of £2.5 million… The settlement sum is payable to the company within 21 days”. With a prior market cap below £2 million, why are the shares currently only up just over 5% to 1p in response?
Previously writing on ‘Wildwood’ ('pizza, pasta, grill') and ‘dim t’ (pan-Asian) casual dining restaurants company Tasty (TAST), just over a year ago with the shares down to 2.25p I wrote full-year results, cash flow and balance sheet sickly. The shares most recently closed at 1.05p and now an intra-day (uh oh!), 10:47am, “Trading Update, Restructuring Plan and Loan”-titled announcement.
Previously writing on ‘Wildwood’ ('pizza, pasta, grill') and ‘dim t’ (pan-Asian) casual dining restaurants company Tasty (TAST), in June with the shares down from previously 5.5p to below 4p I noted share price performance tasty for the CEO, not for other investors!, concluding that ‘with £135,000 basic salary apparently not enough to sufficiently incentivise and the noted challenges now, continue to avoid / sell’. The shares most recently closed at 2.6p… and now results for the company’s year ended 25th December 2022.
Previously writing on ‘Wildwood’ and ‘dim t’ casual dining restaurants company Tasty (TAST), in March with the shares at 5.5p I noted that, with performance having benefitted from pent-up demand, disposable income and staycation drivers, it will be interesting how optimistic about even sales performance it is sensible to be now. The shares are now below 4p... and today from the company a “Directorate Changes and Conversion of B Shares” announcement.
Previously writing on ‘Wildwood’ and ‘dim t’ casual dining restaurants company Tasty (TAST), earlier this month I concluded that there was potential for the balance sheet to be back under pressure and, at a slightly further lower 4.75p share price, £6.7 million market cap, I continued to avoid. So what of results today currently helping the shares up to 5.5p?...
Previously writing on ‘Wildwood’ and ‘dim t’ casual dining restaurants company Tasty (TAST), in January with the shares at 5.25p I concluded ‘I suggest it still currently a lack-of-financial-specifics avoid and a further caution on recent hospitality sector trading’. So what of a further trading update today?...
A trading update from ‘Wildwood’ and ‘dim t’ casual dining restaurants company Tasty (TAST) concludes that “it is confident in its brands and optimistic about the trading potential of the group, especially with the strong revenue stream provided by takeaway and delivery services”. So what of a current slightly increased 5.25p share price and down from 7.5p as recently as September?...
A trading update from ‘Wildwood’ and ‘dim t’ casual dining company Tasty (TAST) includes that “since the relaxation of indoor dining restrictions, the six-week period to 27 June 2021 as a comparison to 2019 has shown strong like-for-like growth” and “takeaway and delivery sales performed well during the most recent lockdown and throughout H1”. Sounds encouraging...
