Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Anyone else quite worried by what the government are saying... looks like a very slow reopening.... escape rooms are probably looking at May or beyond... I really can’t stand this government...
It sounds to me like we good even be looking at July/August. Why so cautious?!
I think them 1.5m trades were sells OR very late reported buys from last week no way they were buys on Friday and it was 5% down think we could see consolidation now and hopefully support at 20p.
Looks like there will be delays in opening up but good thing is the monthly costs are low so not worried just means rerate will be delayed!
My thinking is that the 2020 and 2021 financials are going to look pretty dire here - the revenue is going to be shocking and ultimately its a loss making business... However, if you can look passed this and are truly a long term holder, buying around £10m market cap is good bet. I do feel that ESC will be one of the worst treated companies by this government.
I do see it dropping to 20p or 18p minimum don’t think we will see £10m Mcap again TBH no chance
Yes the figures will look terrible, that could be the next buying opportunity imo
Sorry i meant £20m market cap not 10!
The figures will look pretty dire, but they'll already be factored into the SP. What will be interesting is how the online format is performing, and full credit to them for coming up with a way of bringing in income while the physical centres are shut. There's going to be loads of pent up demand for stuff like this, and as lockdown is eased we'll likely see a real boost compared to last year.
This is my smallest holding as I saw it as a bit of a punt, but typically it's one of the best returns I've got so far. I nearly sold up just before the online stuff was announced, but glad I decided not to. We'll have to see how things pan out, but I'm really positive over the next 12 months.
@Brooko19 - what's the commercial logic for your SP downgrade ?
+ves would be buying Paris franchise. opening of Kingston and Watford, on-line and post-lockdown. Popularity as I understand is stronger on the continent. My take is this is a corker.
Interested to hear your logic for downgrade from 25p to 20p.
I was just saying it’s risen quickly and if it’s going to fall back I could see it coming back to 20p it’s not a price downgrade just a temporary pullback, however after reading about Boris going to announce easing of restrictions next week and I feel we will do well like before when 6 people were allowed to meet and the fact he stated irreversible easing of restrictions I have topped up twice today £45k and £15k....
@Brooko19 - good luck with the top-ups. I've dipped in and out on this one.
Do you have an outlook for ESC ?
Thanks bull I was in at 9p but did take some out few weeks back as I wanted to pick up some ARB bagged on that and cashed in so today was putting back in what I’d taken out... tbh I was gonna wait to see if it pulled back but I just thought I’d rather be in at this level incase it doesn’t pull back because this will move quick! I’ll be in till £1 now which we’ll see this year I’m very confident! GLA