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Loungers

October 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:
  • 136p
When we spoke with CEO Nick Collins last month, his guidance was that the next news wouldn’t come until late September (final results) but instead the group released an unscheduled trading update on 5th August (just before our issue landed), which caused the shares to spike on a flurry of very high volume buying.This confirmed that all 165 sites in its estate have now reopened while like-for-like sales have been minus 1.7% over the period since 4th July through to 2nd August. While still early days, this is impressive given the Covid-19 disruption and the fact that the government’s “eat out to help out scheme” only started 1st August.Results for the year ended April are expected in late September. ...

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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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