As an investor it’s always nice to try the products from a company one invests in. The trouble is that I have little use in my daily life for the laser flat concrete from Somero, sheep monoclonal antibodies from Bioventix and certainly am not ready to personally sample the final drive services of Dignity. So in truth my chances to sample the quality of the service & products offered by the companies I invest in is down to the likes of Dart Group, WH Smith and a recent initial purchase in Fulham Shore who run the Franco Manca & Real Greek restaurants.
Now I should say that Fulham Shore is a fairly unlikely investment for me to even take a small initial holding in and that’s simply for the following reasons:
The less good bits:
The bits that interest me:
Now pizza itself is not my number one choice of food as I find the majority of high street offerings simply far too heavy with stodgy bases and well overdosed with tomato base. I do in fact make my own Australian pizza at home using a pizza stone. Why Australian? Well although I am a pretty decent in the kitchen, the round pizza shape escapes my skills and every pizza that sits on the stone resembles the map of Australia, sometimes even Tasmania can be seen.
So after some late 2016 research, I took a small position in Fulham Shore in January this year fully appreciating the downside risk.
As it happens, on Saturday my Hatters travels took me to London, we were playing Barnet, giving me a perfect opportunity to have lunch at the Tottenham Court Road Franco Manca. Yes, I know it’s nowhere near Barnet but who cares when you have a multi-zone travel card for the day: terrific value.
I was impressed with my visit I have to say. The service was very good, a free jug of tap water in a recycled wine bottle delivered to your table on arrival. The drinks reasonably priced and the sourdough pizza one of the most impressive I have had; you could appreciate the taste of the fresh ingredients so rapidly cooked via their blast cooking process. Also, the staff were hugely impressive and appeared genuinely attentive. All in all a thoroughly enjoyable eating experience at very reasonable cost in the centre of London: two plate-sized pizzas, a glass of red and a glass of white with a bill of £25; can’t be bad.
The broker view: data from SharePad:
Well, where do we go from here? In truth, it’s only a tiny % of my portfolio at well under 0.5% but it’s something I will keep an eye on and maybe add to as time progresses remembering that it’s a crowded marketplace and roll outs can by their nature become self-limiting in terms of growth.
Happy eating & happy investing.
Welcome to my Blog Page - I hope you find my whittling on to be of some interest. I am a private investor who is happy to share thoughts on the market and individual stocks. Please remember that I am definitely not offering tips or investment advice.