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Loungers

December 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • LGRS
  • Price:
  • 133p
Loungers reported strong trading for the 24 weeks ended 4th October with like-for-like sales up 25.1%, helped by the Eat Out to Help Out campaign. All 168 cafe / bar / restaurants remained open.During the period the group opened three new sites, comprising the Ponto Lounge in Hull, Cosy Club in Brindleyplace, Birmingham and Sentado Lounge in Sittingbourne. A further three are expected to open this financial year.Loungers looks the best recovery play in the café / bar sector, thanks to its strong growth record, balance sheet and high returns on investment. We are strong holders. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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