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Hi Trent mate,
Totally agree, though think the reasoning behind it is that the bigger players have taken on too much debt to start any sort of expansions (only one I can think of doing this is Jdw, mab certainly isnt). Great opportunity for FUL, lucky for us it's still under the radar at the moment, though I think that'll quickly change over the next few months.
Hoping to genuinely see anywhere between 50-70p for this share this year (may write to them.to come down to Cardiff!)
I don't think it's if it rises, but when.
There are clear expansion plans that have been stated by the BOD. This coupled with lower rents which can be negotiated in FUL's favour bodes well for a good return for those willing to take the risk here. I'm just surprised to see (or not see) others in the sector looking to use this philosophy with a view to expand their own empires. I would have thought that now would be a good time for any company to take full advantage of lower rents being available in empty premises. You'd think that there would be one or two that may well be positioned to take advantage. Unless I've missed them.
You can tell something is building, lots of buys, stable rise... this will spike big time as soon as good news comes in
Better than sitting around in the bank losing value ey! Hospitality booming at the moment, doesn't look as if anyone will be on holidays this year so should bode extremely well for the UK recovery play.
Who knows what this SP may hit once solid stats and acquisitions are announced!
Well done Joe.
Keep pumping in the small amounts....it will soon grow, I am confident of that.
I am buying likewise for my grandson, I hope he gets the benefit in the years ahead also.
Reckon we will get good growth within the next 12 months.
Glah.
85 quid bought today, looking good
Strong open across the board next week IMO
With it being a bank holiday on Monday. Here along with my Mars holding should pick up a few extra quid.
* Weeding out the dogs.
That said, I think that I perhaps need to start thinking about how I can start making my limited funds can start to work a lot harder for me. I don't doubt That there are some good growth companies out there poised for success. It's just a question of fishing them out and wedding out the dogs.
Hi JoeKenny.
I am quite fond of Mars myself personally, as I am with my holding of SGC. I have only a small 3000 holding in each. I did divert some of my SGC holding to buy in here, but I am considering doing the same thing with a small amount of my MARS holding to buy into something with growth potential.
I do want to keep my fingers in those 2 particular pies, but I'm starting to think about getting the limited funds I have working a lot harder and smarter for me.
That said,
Hi trent, sounds great, I reduced my MARS holding as I think that's stagnated slightly and increased my holdings in my growth stock portfolio by around 25%. So I hold a good 15k shares here now. I have quite a lot of faith in the post-economic recovery play, it was an optimism that worked quite well for me last year.
Lots of local places gone bust ready to be bought up by the likes of FUL. I personally think they're at an advantage, since larger firms like MAB are too up to their eyeballs trying to sort their own debts and properties to consider acquisitions.
Going to hold here for the med-long term, we've all seen how quickly SP's can rocket when a company starts actively expanding!
@JoeKenny
I did have a cheeky little add here on Monday. I had planned to only buy a maximum of 2000 shares here as a punt, but I've gone beyond that. I've now got a humble holding of 3700 here.
This will tie in nicely with my Mars & SGC holdings as a recovery play for when normality returns
Although I am considering looking into DX.as a possible swing trade too.
News is indeed building:
https://www.sunderlandecho.com/business/consumer/franco-manca-pizza-chain-looks-to-launch-in-the-north-east-as-its-bosses-seek-out-sites-3215646
Hoping that one can open up in Cardiff soon, can't wait to try out their pizza!
Just topped up here again, hospitality is booming, won't be long until FUL starts implementing a potentially very successful distressed debt/acquisitions strategy
Good morning Glengarth.
It was Crawshaws butchers shops. They'd got quite a few up and running. I understand that they had teamed up with 2 sisters a while back and that was when I lost interest in them.
The one near us is called Sterling meats now so that's where we are with that one.
If Fulham Shore follow a similar pattern, I think that we'd see a similar outcome here sp wise, that was where I got my Guesstimate figures from.
Morning Trent,
Sounds like that company had pretty fantastic success!
Agree, the whole point of increasing the premises footprint is to build the customer base and increase turnover, brand awareness and of course hopefully profit. Now must be an ideal time to exploit weakness of other parties in the industry caused by the pandemic and it's good to see FUL already thinking that way and without the debt pile of others in hospitality.
I would be very pleased if this got to 50p in 12 months - we shall see but there is a v bullish case here imo!
The fact that they have been sniffing round several citys already is encouraging. Even if they open one restaurant in half of those places, it's a good start. And they'll be contributing to The coffers.
I for one will be watching proceedings with great interest.
@Glengarth
I've seen this happen elsewhere. An aim company with huge expansion plans that were opening new shops seemingly every other month. Their share price went from roughly 17p (from memory) up to 68p.
I'm not sure what became of them as I stopped following them a few years back, but that said, I believe that if Fulham expand in a controlled way, taking advantage of potentially negotiating lower rents, I see no reason why 50p per share is not achievable within 12months or so, give ortake.
@
interesting prediction - definitely bullish on this as well, and excited to see the expansion plans come to fruition
Indeed mate. Assuming that expansion proceeds as they plan, I can see an so of between 45 & 55p in med term. Just my Guesstimate of course. Maybe by December - March next year.
Agree Trent, may take the profit from my COM holdings and place them here, have this stock listed as one of my potential multibaggers
Great update, roll on summer
May well add a few more when the news of the RNS settles.