Updates

Loungers - Agreed bid at 310p; gain 172%

January 2025

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.

Loungers has received a bid from private equity firm Fortress, at 310p per share, a 30% premium to the previous day’s closing price. Loungers’ directors (with 7.5%) have accepted the offer, which values the group on a prospective PE of around 20x, hardly a knock-out given its strong balance sheet and tremendous growth prospects. Indeed, three major investors are said to be voting against. A main write-up at 112p in September ‘20 and most recently at 275p in September ‘24, the gain is as much as 172%. Await developments. ...

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Luceco - Three directors buy shares

Vistry

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

Loungers (June 2024)

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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 (February 2022)

Loungers (January 2021)

Loungers (December 2020)

Loungers (October 2020)

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

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