This share’s fallen 70% in a year! Is it now a top turnaround stock to buy for your ISA?

first_img Our 6 ‘Best Buys Now’ Shares Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Simply click below to discover how you can take advantage of this. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. This share’s fallen 70% in a year! Is it now a top turnaround stock to buy for your ISA? Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! See all posts by Royston Wildcenter_img Royston Wild | Friday, 28th February, 2020 | More on: RTN Image source: Getty Images “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Is The Restaurant Group (LSE: RTN) about to become London’s hottest turnaround share? Developments surrounding the coronavirus today suggest any improvement in broader investor confidence will remain elusive for some time yet. But should news flow surrounding COVD-19 improve, then this eateries operator could be one of the most popular on account of its low valuations and bright growth forecasts.City analysts predict annual earnings will flip 13% higher in 2020. This leaves it trading on a rock-bottom forward price-to-earnings (P/E) ratio of 7.7 times. It boasts a corresponding sub-1 price-to-earnings growth (PEG) multiple of 0.6 too.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Fallen dividend heroUp until recently, The Restaurant Group was a big attraction for income chasers because of it huge yields. Its decision to reduce the annual dividend for 2018 took some of the sheen off its appeal, though thanks to its weak share price, yields still sat on the right side of ‘chunky’.All that has come crashing down following this week’s disastrous full-year trading statement, however. The Frankie & Benny’s and Wagamama operator announced it was temporarily suspending the full-year dividend and that, therefore, the total payout for 2019 would be the 2.1p per share interim shelled out previously.Questions over the FTSE 250’s bulky dividends have long been doing the rounds as revenues have weakened and net debt ballooned. So this week’s news was hardly a surprise. Explaining the rationale behind the decision, chairwoman Debbie Hewitt said that axing the dividend would allow it to “retain the flexibility to grow the business, [while] facilitating an acceleration of our Leisure estate rationalisation and strengthening our balance sheet.”Essential repairsAxing the dividend, although painful for shareholders, would appear to be a good idea today. While down fractionally from the prior year, The Restaurant Group had a mighty £286.6m worth of net debt on its books as of December.It also makes sense the business is taking steps to reduce its Leisure estate in response to its huge cost pressures and an oversaturated mid-tier dining market. It plans to reduce the number of core restaurants it operates from around 350 today to between 260 and 275 by the close of 2021.Use your noodleI’m not convinced any of this news will help The Restaurant Group to turn around its battered operations, however. Noodle bar Wagamama might be operating resiliently, but the same cannot be said for the rest of its brands.It plans to get diners flocking though its doors again by refreshing its menus and bolstering its brands. But this isn’t the first time we’ve heard this. A 2.8% fall in like-for-like Leisure sales in 2019 illustrates just how successful this strategy has already proved.Other initiatives, like bolstering its delivery business, are a move in the right direction. However, with competition also intense here, there’s no guarantee it’ll prove the magic wand the group is hoping for.So the business is cheap, but its long-term profits outlook remains extremely patchy at best. Its why the share price has dropped 68% over the past year alone. I’d be happier investing my hard-earned cash elsewhere. Enter Your Email Addresslast_img read more

Weekly unemployment claims continue steep decline

first_imgFor the week of June 5, 2010, there were 662 new regular benefit claims for Unemployment Insurance, a decrease of 177 from the week before. Altogether 10,365 new and continuing claims were filed, a decrease of 533 from a week ago and 4,574 fewer than a year earlier. The Department also processed 3,471 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 115 fewer than a week ago. In addition, there were 2,206 Second Tier claims for benefits processed under the EUC08 program, which is a decrease of 60 from the week before. The Unemployment Weekly Report can be found at: http://www.vtlmi.info/(link is external). Previously released Unemployment Weekly Reports and other UI reports can be found at: http://www.vtlmi.info/lmipub.htm#uc(link is external)last_img read more

Daily Dirt: Blue Ridge Parkway Closure, Whale Freed, and Charlotte Snubbed

first_imgYour daily outdoor news bulletin for July 17, the day Douglas “Wrong Way” Corrigan crossed the Atlantic by rattle-trap plane in 1938, proving once again that great explorers and daredevils can get their heads lost in the clouds, sometimes on purpose:Parkway Closure a Summer BummerA crack in the Blue Ridge Parkway is causing a splitting headache for the National Park Service. The crack is right down the center lane of the iconic byway, and is growing, causing the closure of a healthy section just in time for one of the busiest time of year for tourists. Other than October, no month sees more visitors to the parkway than July – nearly 2 million visitors – but those people will have to find an alternative route for the time being. The Blue Ridge Parkway will be closed indefinitely from Milepost 375.6, just north of Asheville, N.C., to Milepost 355 at Mount Mitchell State Park. That’s 20 miles of primo Blue Ridge Parkway that will be shut down during the peak season. It is also one of the highest and most scenic sections and includes the Craggy Gardens Visitor Center, which could take a $70,000 economic hit according to estimates. Ouch.One silver lining of the closure is that it only applies to motor vehicles. Pedestrians and cyclists are permitted to bypass the closure signs so if you are into 20-mile, high elevation riding with no cars, you can go ahead and rejoice.Virginia Diver Frees WhaleFrom the mountains to the coast, where a good Samaritan is being credited with saving a rare species of whale. Adrian Colaprete was fishing with some friends about 50 miles off the coast of Virginia when they noticed something unusual in the water. It was a rare right whale and it was acting strange. Right whales are endangered, nearly hunted to extinction during the whale hunting heyday, and now the greatest threat is being struck by a ship during their migration. The crew aboard the boat realized the whale was caught on something and Colaprete jumped in the water to get a better look. Armed with a snorkel and big knife, he was able to cut the line and gear that was wrapped around Willy’s fluke, risking his own life in the process. And yes, there is video, because dude-man had the GoPro.Charlotte Won’t Host Summer X-GamesCharlotte, N.C. was in the running to be the next host of the ESPN Summer X-Games; they even made it to the final four cities. Unfortunately for the Tarheel State, Austin, TX was selected to host the next four summer games, beating out Charlotte, Detroit, and Chicago in the process. Over the past decade, Los Angeles has hosted the games, to the tune of an estimated $50 million annual economic impact. The plan called for the games to be held at the Charlotte Motor Speedway, but alas, it twas not to be.last_img read more

Benzema arraigned in court over sex-tape row

first_imgRelatedPosts Benzema ponders boxing career Real Madrid win La Liga title LaLiga: Benzema strikes as Real edge Atletico in Madrid derby The sex-tape row case between Karim Benzema and Mathieu Valbuena returned to court on Monday. The Court of Cassation, the highest-ranked court in the French justice system, assembled on Monday afternoon with 19 magistrates to try and settle a case which first emerged four years ago. Valbuena complained to police in June 2015 after he was contacted by a man who sought a lucrative deal in exchange for not publishing an intimate video of the player and his girlfriend. Benzema has been indicted since 2015 – along with Alex Angot, Mustapha Zouaoui, Younes Houass, Karim Zenati and Djibril Cisse – on grounds of ‘complicity in attempted blackmail and participation in a conspiracy’. Monday’s plenary hearing went through evidence on the record once again, before reaching a verdict before the end of December. But the Real Madrid striker’s defence lawyers believe that the police may have acted dishonestly in the investigation and therefore argue that the case should subsequently be dropped. One policeman went undercover using the pseudonym ‘Lukas’ and lawyers, according to a report in L’Equipe, feel that he implicated Benzema and others with telephone calls later retrieved as evidence. The transcripts are said to reveal that ‘Lukas’, initially speaking to Houass before Benzema was involved, was ‘the first to talk about money and ransom’ and it will remain a key part of the defence at the Court of Cassation. An initial appeal to CAC on July 11, 2018, concluded that “Lukas” had initiated contact after “weeks of silence” with the group and is said to have “provocatively” got on the topic of money.Tags: Karim Benzemalast_img read more

Football: Museveni boosts cash-strapped Ugandan club

first_imgAfter a preliminary round bye, 2010 Confederation Cup winners FUS battled to oust modest UMS Loum of Cameroon 3-2 overall with Mourad Batna scoring the tie clincher.Villa coach Ibrahim Kirya is unconcerned that the Rabat club are favoured to reach the play-off stage, where CAF Champions League last 16 losers join the competition.“We will not tremble at all and I believe my team can achieve a respectable away result,” he promised.Azam of Tanzania and Al Ahly Shendy of Sudan, the other East African survivors, enjoy home advantage first against Esperance of Tunisia and Medeama of Ghana respectively.Ivorian Kipre Tchetche, part of a multi-national Azam squad coached by Briton Stewart Hall, scored the only hat-trick of the previous round in a 7-3 triumph over South African side Wits.Esperance also struck seven goals in eliminating Renassance of Chad and two came from Taha Yassine Khenissi, who is injured and misses the trip to Dar es Salaam.Shendy, making a fifth consecutive appearance, should be wary of Abass Mohammed, whose two goals took Medeama past Al Ittihad of Libya.Winners Hearts of Oak and Asante Kotoko featured in an all-Ghana first Confederation Cup final 12 years ago, but no club from the West African nation has come close to glory since.North African sides have dominated, winning nine of 11 finals, and there are two each from Algeria, Egypt, Morocco and Tunisia among the 16 survivors.Share on: WhatsApp Johannesburg, South Africa | AFPA financial pledge from President Yoweri Museveni will help Uganda football club SC Villa fulfil a CAF Confederation Cup fixture against FUS Rabat in Morocco Friday.The long-serving head of state has promised the cash-strapped Kampala club $120,000 (105,000 euros) toward the costs of the two-leg, round-of-16 tie.Villa are taking only 16 players, two coaches and three officials to the Moroccan capital for the first leg as they attempt to become the first Ugandan qualifiers for the mid-competition play-offs.In the previous qualifying round of the secondary African club competition, the Ugandan outfit slashed costs by making a 25-hour bus and ferry journey to Zanzibar.Travelling by road from Central Africa to Morocco in the north west of the continent was not practical, though, and club president Ben Misagga has hailed the assistance of Museveni.“I thank President Museveni for coming to our rescue with his financial offer,” the official told reporters in Kampala. “We are flying the Ugandan flag in Africa.“The kindness of the head of state is a massive morale boost and makes us even more determined to achieve a good result in Rabat.”Seventeen of 56 football associations eligible to enter the Confederation Cup this year declined, largely due to financial constraints, and two clubs withdrew after the draw was made.Debutants Villa are the only last 16 team boasting a perfect four-match record after home and away wins over Al Khartoum of Sudan and JKU of Zanzibar.Midfielder Godfrey Lwesibawa scored twice and five team-mates also contributed to a 7-0 goal record.last_img read more