Updates

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.

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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Frenkel Topping - Assets under management growing at 15%+

Dunelm - Well-placed to beat forecasts

Loungers (December 2024)

Loungers - Opening 35 casual dining outlets annually there’s plenty of runway to 665 target (September 2024)

Loungers (June 2024)

Loungers - Strong trading delivers new upgrade (January 2024)

Loungers - Like-for-like sales accelerate to almost 10% (December 2023)

Loungers - Roll-out target upped from 400 to 600 (September 2023)

Loungers (June 2023)

Loungers (February 2023)

Loungers - Accelerating new openings from 24 to 32 as it eyes 500 outlets (September 2022)

Loungers (June 2022)

Loungers (January 2021)

Loungers (December 2020)

Loungers (October 2020)

Loungers - Best-in-class cafe bar group looks set to beat forecasts (September 2020)

Loungers - New issue moves to healthy premium (June 2019)

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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