Tasty, the operator of the Dim T chain of restaurants, has announced that it plans to launch a new upmarket pizza concept called Wildwood. The company will open its first site under the brand in Gerrards Cross at the end of this week, with a second outlet set to follow shortly. The announcement came as the group reported reduced pre-tax losses of £92,000 for the first half of the year ended 29 June 2008, down from losses of £137,000 in 2007. On the back of the results, analysts at Evolution Securities reduced Tasty’s PBT forecasts to December 2009 to break-even from a £425,000 profit and zero earnings per share. Nigel Parsons from Evolution said Tasty had progressed to break-even, with cashflow improving. He pointed out that while trading was tougher and the share price had suffered in line with the rest of the sector, the Kaye family had an excellent track record of developing and operating businesses to the benefit of its shareholders. Parsons said: “This is a £11.5m market capitalisation stock where the management own c70% of the equity. Investors have bought the stock because of the track record of the family and this should give them confidence to hold their investment as their interests are aligned.” He described the Dim T brand as having evolved into a consistent, good quality concept with plenty of roll-out potential in London. He highlighted the company had sufficient cashflow to fund one or two new restaurant openings per annum. Tasty’s share price remained unchanged at 37p at close of trading yesterday.