Make your money go further for just 25p per day

Fulham Shore: more questionable director transactions

16/07/2019 · Fulham Shore (FUL) 

AIM ESG Travel UK

Franco Manca pizza restaurant exterior

Results from the owner of the Franco Manca and The Real Greek restaurant chains were accompanied by yet another questionable transaction with the directors. We continue to question this company’s governance.


Headline numbers from Fulham Shore (LON: FUL) for the year ending 31 March 2019 highlighted revenue growth of 17% to £64m. Management commented that this was primarily driven by good trading in the company's existing restaurant estate. But it should be noted that four new pizzeria were opened during the year out of a period-end total of 43 Franca Manca restaurants, suggesting new openings were a major contributor. Unfortunately, the results statement fails to clarify what the new openings contributed to this overall growth.

A lower note (for those willing to read more than the headline numbers and embarrassingly boastful opening statement)…

Sign up and read the full article

Register to continue reading this article.

Get FREE access now

Already a member? Login


Previous article Next article

Have your say

Log in or register to view or add comments.

For access to the top news and insights from the investment world

REGISTER FREE TODAY

Become a Champion Investor for as little as £3.20 per report or get a year's worth of money-making analysis for just £90.

START FREE TRIAL

More on Fulham Shore

Fulham Shore: more questionable director transactions

16/07/2019 · News & Insights

Results from the owner of the Franco Manca and The Real Greek restaurant chains were accompanied…


Conflicts, excessive pay, management woes… no, not Patisserie Holdings

15/11/2018 · News & Insights
Hasn't AIM had enough bad news for the year? Our recent research on restaurant owner and…

More News & Insights

Weekend round-up: Brexit business and four other big stories

18/10/2019 · Netflix · Sophos

Was Woodford wronged?

US earnings preview: watch out for these five key stories

15/10/2019 · Alphabet · Amazon · Apple · Comcast · Facebook · Microsoft · Netflix · PayPal