Updates

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.

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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Sigmaroc

Reach - CEO and chairman buy shares

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 (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)

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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