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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Loungers

June 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:
  • 218p
Casual dining group Loungers cheered investors by saying “profitability will be slightly ahead of expectations” for the year just ended on sales of £237m, 5% above consensus forecasts. Like-for-like sales were +22% over the same period in 2019. Net debt fell almost £45m to just £2.6m, comfortably better than broker Singer’s expectations for debt of £24.7m.Over the course of the year it opened a record 27 new sites (26 Loungers, one Cosy Club) taking the total to 195. CEO Nick Collins also said, “the new site pipeline is in excellent shape and we are optimistic as we head into FY ‘23.”Singer has left forecasts unchanged – eps of 10.3p for FY’23 -  but sees “upside risk.” The prospective PE might seem high at 21 but ...

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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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