Proactiveinvestors Australia Fulham Shore PLC https://www.proactiveinvestors.com.au Proactiveinvestors Australia Fulham Shore PLC RSS feed en Tue, 25 Jun 2019 13:45:30 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Year End Trading Update ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20190328070022_14018685/ Thu, 28 Mar 2019 18:00:22 +1100 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20190328070022_14018685/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20190107154001_13926374/ Tue, 08 Jan 2019 02:40:01 +1100 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20190107154001_13926374/ <![CDATA[RNS press release - Half-year Report ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20181212070003_13900099/ Wed, 12 Dec 2018 18:00:03 +1100 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20181212070003_13900099/ <![CDATA[RNS press release - Trading Update and Notice of Interim Results ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20181107070005_13857607/ Wed, 07 Nov 2018 18:00:05 +1100 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20181107070005_13857607/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20181002110031_13813076/ Tue, 02 Oct 2018 20:00:31 +1000 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20181002110031_13813076/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20180912115845_13788286/ Wed, 12 Sep 2018 20:58:45 +1000 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20180912115845_13788286/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20180824070005_13766899/ Fri, 24 Aug 2018 16:00:05 +1000 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20180824070005_13766899/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20180823113655_13766267/ Thu, 23 Aug 2018 20:36:55 +1000 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20180823113655_13766267/ <![CDATA[RNS press release - AGM Statement and Trading Update ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20180823070007_13765297/ Thu, 23 Aug 2018 16:00:07 +1000 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20180823070007_13765297/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20180809154713_13750405/ Fri, 10 Aug 2018 00:47:13 +1000 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20180809154713_13750405/ <![CDATA[RNS press release - Posting of Annual Report and Notice of AGM ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20180801160756_13740331/ Thu, 02 Aug 2018 01:07:56 +1000 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20180801160756_13740331/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20180730135804_13736361/ Mon, 30 Jul 2018 22:58:04 +1000 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20180730135804_13736361/ <![CDATA[RNS press release - Grant of options ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20180725170001_13731487/ Thu, 26 Jul 2018 02:00:01 +1000 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20180725170001_13731487/ <![CDATA[RNS press release - Final Results ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20180724070006_13728362/ Tue, 24 Jul 2018 16:00:06 +1000 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20180724070006_13728362/ <![CDATA[News - Fulham Shore shares sink in early deals as results reveal site write-downs ]]> https://www.proactiveinvestors.com.au/companies/news/201425/fulham-shore-shares-sink-in-early-deals-as-results-reveal-site-write-downs-201425.html Restauranteur Fulham Shore PLC (LON:FUL) shares shed more than 8% in Tuesday’s early deals after its full-year financial results revealed the impacts of property devaluations and unsuccessful sites.

The company, which operates the Franco Manca and The Real Greek brands, detailed £867,000 of impairments following the disappointment of a Franco Manca restaurant in Brighton Marina which failed to perform to expectations.

It is planned that the Brighton Marina restaurant will close later this year, and the company has now agreed to surrender the lease to the landlord.

Also during the reporting period, the company closed the only site under a third brand, a Bukowski franchise, recognising a £400,000 loss on its investment following the sale of £300,000 of lease and contents.

Fulham Shore told investors that it was now taking a cautious view of its property values and have written down the carrying value of three underperforming sites, resulting in a £900,000 impairment – of which, £500,000 relates to Brighton Marina.

Taking an overview of the restaurant market, the company described a structural imbalance exacerbated by the impacts of Brexit, fragile consumer confidence and inflationary pressures in the UK.

Nonetheless, it added: “Despite this backdrop, it has been a year of growth and strategic progress for the group. 

READ: Tuesday's FTSE 100 market report

“We believe that this demonstrates that Fulham Shore is well placed to ride out the UK economic turbulence as a dynamic operator with strong and popular businesses and a good portfolio of sites.”

In terms of the financial results, the company reported higher revenues at £54.69mln from £40.44mln in the preceding year, albeit the group’s operating profit narrowing markedly to £150,000 from £1.5mln in 2017 and it recorded a £150,000 loss after tax.

It presented a ‘headline earnings’ (EBITDA) figure of £7.43mln, up from £7.27mln.

Net debt stood at £11.99mln as at March 25, up from £5.9mln a year before.

The company opened a total of 13 new restaurants during the year, nine Franco Manca pizzeria and four Real Greek sites, and two further Franco Manca restaurants were opened in the current financial year (one in Bath and one in Cambridge).

It also described “encouraging” first-quarter sales for both restaurant brands whilst highlighting that further expansion will be approached with caution.

“Despite the growth we have reported and our positive first quarter in the current financial year, the remainder of the financial year is difficult to predict. Costs will, in all likelihood, continue to rise but maybe not as much as they did during the past financial year,” the company said.

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Price Monitoring Extension ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20180312140025_13563597/ Tue, 13 Mar 2018 01:00:25 +1100 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20180312140025_13563597/ <![CDATA[RNS press release - Trading Statement ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20180308153605_13560419/ Fri, 09 Mar 2018 02:36:05 +1100 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20180308153605_13560419/ <![CDATA[RNS press release - Director Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20180116100501_13497878/ Tue, 16 Jan 2018 21:05:01 +1100 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20180116100501_13497878/ <![CDATA[RNS press release - Half-year Report ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20171215070003_13466558/ Fri, 15 Dec 2017 18:00:03 +1100 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20171215070003_13466558/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20171004070007_13385057/ Wed, 04 Oct 2017 17:00:07 +1100 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20171004070007_13385057/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20170921070006_13370209/ Thu, 21 Sep 2017 16:00:06 +1000 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20170921070006_13370209/ <![CDATA[RNS press release - PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20170907180001_13355874/ Fri, 08 Sep 2017 03:00:01 +1000 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20170907180001_13355874/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20170907121501_13355449/ Thu, 07 Sep 2017 21:15:01 +1000 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20170907121501_13355449/ <![CDATA[RNS press release - 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Posting of Annual Report and Notice of AGM ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20170816092001_13331675/ Wed, 16 Aug 2017 18:20:01 +1000 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20170816092001_13331675/ <![CDATA[RNS press release - Grant of options ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20170731113526_13313155/ Mon, 31 Jul 2017 20:35:26 +1000 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20170731113526_13313155/ <![CDATA[RNS press release - Final Results ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20170712070003_13291757/ Wed, 12 Jul 2017 16:00:03 +1000 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20170712070003_13291757/ <![CDATA[RNS press release - Notice of Results ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20170705070005_13284187/ Wed, 05 Jul 2017 16:00:05 +1000 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20170705070005_13284187/ <![CDATA[RNS press release - PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20170428070013_13207788/ Fri, 28 Apr 2017 16:00:13 +1000 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20170428070013_13207788/ <![CDATA[RNS press release - Half-year Report ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20161216070008_013069187/ Fri, 16 Dec 2016 18:00:08 +1100 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20161216070008_013069187/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20161031163103_013018856/ Tue, 01 Nov 2016 03:31:03 +1100 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20161031163103_013018856/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20161014181002_013002050/ Sat, 15 Oct 2016 04:10:02 +1100 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20161014181002_013002050/ <![CDATA[RNS press release - Directorate Change ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20160926095231_012978490/ Mon, 26 Sep 2016 18:52:31 +1000 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20160926095231_012978490/ <![CDATA[RNS press release - PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20160908164337_012959724/ Fri, 09 Sep 2016 01:43:37 +1000 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20160908164337_012959724/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20160831070010_012948314/ Wed, 31 Aug 2016 16:00:10 +1000 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20160831070010_012948314/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20160825105230_012943708/ Thu, 25 Aug 2016 19:52:30 +1000 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20160825105230_012943708/ <![CDATA[RNS press release - 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Final Results ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20160714070009_012891901/ Thu, 14 Jul 2016 16:00:09 +1000 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20160714070009_012891901/ <![CDATA[RNS press release - Director Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20160622175204_012864735/ Thu, 23 Jun 2016 02:52:04 +1000 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20160622175204_012864735/ <![CDATA[RNS press release - Change of Registered Office ]]> https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20160411100050_012771506/ Mon, 11 Apr 2016 19:00:50 +1000 https://www.proactiveinvestors.com.au/companies/rns/15911/LSE20160411100050_012771506/