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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Loungers

February 2022

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:
  • 284p
Shares of casual dining operator Loungers surged towards their high after it released strong interims, the highlight being a remarkable 23.4% like-for-like sales increase for H1 to 3 October (but flattered by the reduced VAT benefit). All times of day were in growth across both its Lounges and Cosy Club brands with brunch, cocktails, puddings and premium drinks particularly strong. Investment in outdoor areas, its order at table app and improved menus were also contributing factors. H1 EBITDA margins were up 840 basis points, albeit underlying margins were up 60 basis points since Mid-May after adjusting for Government support. 25 new sites should open this year, two more than forecast and openings to date are generating above aver ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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