Market's view on Tasty
Published on April 2024
- There are concerns about a potential takeover bid and speculation of increased share price if bids are around 20p.
- Recognition of a restructuring plan involving costly debt and the closure of 20 loss-making sites.
- Observations on a recent flurry of activity suggesting a possible organised pump and dump scenario.
- Discussions around an upgraded financial outlook for the year, indicating a road to recovery.
- Expectations set for upcoming interim reports to show steady progress.
- Concerns about the company’s lack of information regarding recent unusual stock price spikes, hinting at more buyers than sellers without insider reasons.
- Fears expressed regarding the company’s solvency, emphasising high staff costs and potential issues with supplier payment terms challenging profitability.
- Positive note on the trading momentum of a competitor (The Restaurant Group) which could reflect similar progress.
- The closure of competing restaurants like Prezzo, which is expected to increase foot traffic and revenue for Wildwoods.
- A detailed analysis of financials revealing a significant accounting loss, but with cash reserves providing a buffer for potential recovery.
- Mixed views on the company’s future, with some stock watchers predicting insolvency and others foreseeing significant capital appreciation.