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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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The Gym Group

June 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:
  • GYM
  • Price:
  • 141p
The Gym Group has raised funds more aggressively than most retailers, by issuing new shares equivalent to 20% of existing share capital. That has raised £41.3m gross at a price of 161p a share. Alongside this, it has increased bank borrowing capacity by £30m (over its existing fully drawn £70m facility) for an 18 month period. Previously, it had £22.4m cash on hand. Together it says this will help it take advantage of growth opportunities in the immediate aftermath of the COVID-19 crisis in terms of adding new members and re-starting its site roll-out program. Management actions have reduced monthly cash burn during COVID-19 lockdown to £5m, excluding the unwinding of working capital and other cap ...

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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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