Langton deserves a drink…
Langton went out after work for some much-needed ‘field research’ at a couple of city centre bars the other night and was struck by the difference between the two. Site #1: This boasted a stylish assortment of characterful chairs and discreet designer lighting. Pre-booking appeared to make up a good chunk of the trade –…
Whitbread H1 Analysts’ Meeting
WHITBREAD (WTB): 4725p H1 numbers: Analysts’ Meeting: Group reports it is on course to deliver results in line with expectations… Year to end-Feb PBT (£m) EPS (p) PER (x) DPS (p) Yield (%) 2015 (E) 480.9 211.6 22.3 81.8 1.7 2016 (E) 542.0 239.8 19.7 91.4 1.9 2017 (E) 613.0 270.0 17.5 103.2 2.2…
Langton in the real world: Food-Led Pub
Langton sent its amateur restaurant testers to analyse the performance of a large food led, managed pub on a retail park, owned by one of the big listed pub companies. Observations are set out below: Menu: Four of Langton’s representatives were in attendance, with ages ranging from 9 to somewhat older than that. The…
M&B Full Year update, CEO change 2015-09-22
MITCHELLS & BUTLERS (MAB): 351p FY update, CEO replaced: Group changes CEO, reports recent LfL sales down 0.7% Year to end-Sep PBT (£m) EPS (p) PER (x) DPS (p) Yield (%) 2014 (A) 170.7 32.4 10.8 Nil Nil 2015 (E) *189.0 36.1 9.7 0.7 0.2 2016 (E) 206.0 39.3 8.9 5.9 1.7 Source: Company &…
Langton eats Deliveroo
Langton looks at……….Deliveroo: Replete as it is with Generation Y talent, Langton Capital looks to have its finger on the pulse of the evolving UK restaurant industry. It was this commitment to the cause in mind, coupled with an unwavering passion for burgers, which led the team to sample the food on offer at online…