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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Gym Group

November 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:
  • 132p
As expected, H1 results were dominated by the Covid-related closure of all gyms during Q2. This resulted in revenues halving to £7m, while it declared a £7.7m EBITDA loss, mitigated by £3.3m of business rate savings and £9.4m rent deferrals. Adjusted pretax loss was £26.3m, while net debt was £29m, down from £47m in December ’19, helped by the £41m share placing proceeds. Liquidity remains comfortable with c.£71m headroom against the group’s recently expanded facility.Latest data as at 31 August 20 shows 676,000 members (639,000 paying ones and 37,000 on “free freeze”), versus 771,000 in 2019, so a 17% decrease, albeit better than Numis’ forecast fo ...

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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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