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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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

September 2024

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:
  • LGRS
  • Price:
  • 275p
With average pay settlements running at almost three times the rate of inflation (and further stoked by Labour’s inflation-busting pay settlement for teachers and NHS staff), the first stirrings of a new feel-good factor are sweeping the UK. Another indicator of better times comes from forecaster GfK’s Consumer Confidence Barometer, running since 1974, which has improved for the third month in succession to its highest since November 2021 when the country was still enjoying the Pandemic stimulus. I think one likely beneficiary of this increased disposable income could be Loungers, which operates a fast growing chain of casual dining outlets in the UK. In a hospitality sector on its uppers with a number of restaurants and pubs clos ...

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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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