Good morning!

I hope you didn't mind me taking a duvet day yesterday - but since I'd written reports all the way through my holiday in Greece, fancied a rest. Also, there was nothing of interest on the RNS, so it would have just been going through the motions on boring stocks.

Investor show tomorrow

Tomorrow it's the Shares Live investor show, at the Islington Business Design Centre - a good venue, and easy to get to (almost opposite Angel tube station).

Looking at the agenda, there are plenty of interesting talks. Our own Ed (the boss!) is doing his brilliant talk on behavioural finance. He does it once at each investor show. If you haven't heard it yet, then it's worth coming along to this show just to see it - fascinating stuff, and brilliantly demonstrated, with entertaining audience participation too.

I'll be dropping in at some point in the afternoon, to wander around and chat to people, ending up in the pub opposite no doubt at some point.

The rest of the Stockopedia team will be on the usual stand, and we all enjoy meeting members, so do stop by to say hello!

Richoux (LON:RIC)

Share price: 20.6p (down 8.4% today)
No. shares: 92.1m
Market cap: £19.0m

Interim results, 28 weeks to 10 Jul 2016 - it seems odd that the company is reporting figures for a 28 week period. I could understand 27 weeks (as opposed to the normal 26 weeks), because companies which work on a weekly reporting basis have to occasionally have a catch up week, due to 7 days * 52 weeks only being 364 days, 1 day less than a normal year, and 2 days less than a leap year.

I've been keeping an eye on this share for many years, and did briefly hold a few c.2004, but decided at the time that it was dead money, because the company wasn't really going anywhere. It's a potentially good roll-out though, of restaurants, including the rather quaint "Richoux" cafe/restaurants - there's one on Piccadilly.

However, not all retail roll-outs are good, and deserve a premium rating. This one strikes me as a bit of a muddle. Although small, it has 3 different formats - Richoux, Dean's Diners, and Villagio. To my mind, small retailers need to really focus on one format, and make that a commercial success, then roll it out nationally.…

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