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The Restaurant Group – argues “well positioned to benefit from a sustained removal of restrictions”. Really?...

By Steve Moore | Friday 18 December 2020

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

“Further Covid-19 update” from WagamamaFrankie & Benny’s and Brunning & Price owner The Restaurant Group (RTN) commencing, “Through a range of decisive management actions, cash-burn during the November national lockdown was minimised to c. £5.5m for the month”. Is a current 7% lower share price response, to below 63p, justified?…

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