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This is so undervalued... so much so I’ve just bought £100k
£2 easy when the bars open again.. 100% upside coming DYOR
Having bought £2.7 million
Director seems confident having!
If Loungers can be open by September this will fly, July is an absolute bonus.
Can see this back up towards £2.20 at least by Xmas
If places start to open in July this will quickly recover some of the drop.
there are two things that people will want to do, go out and socialise and go on holiday.
You have still got to remember that for the majority of people (not elderly and health condition) this virus is very mild, it won’t stop the average person getting back to normal.
In terms of jobs, I think the furlough scheme and mortgage holidays will ensure that people have money again and most still have jobs. Of course there will be a rise in unemployment, but bear in mind that the unemployment figure before the virus hit was very very low.
I think the government probably went in too high at 80%, most people aren’t spending money so will come out of this financially healthier than before it happened.
Business is starting again this week, I am not sure how as it’s against the government guidelines, but it’s happening.
Longer term, I can see a shift away from China, from many countries around the world. This could be great for our industries. Saying that, it needs to happen for the sake of our government and future governments as they are going to be pot less after the handouts.
it depends if people will have the jobs after this to carry on using these places and besides i think people may ( i hope) take a more holistic view on life , not deramping wish you well.
They released an RNS yesterday at about 5pm.
They are a placing and also have secured money from the bank of needed. They have furloughed 99% of staff and directors on 50% pay. All of this, combined with the excellent lease agreements, mean that in a worse case scenario they have enough cash to carry on closed for 46 weeks.
That’s an incredible amount of time and simply won’t happen.
They are so well placed to bounce back quickly, they have got to be an excellent buy at this price...and that’s not ramping, its just looking at the business and figures as they are
RNS News item - As outlined in the launch announcement for the Placing, the directors of the Company (the "Directors") believe that the net proceeds of the Placing (approximately £8.1m) will, when combined with its new bank facilities, provide the Company with sufficient capital to manage through the Covid-19 crisis, even in the event of a protracted period before the Government allows hospitality businesses to re-open, and to subsequently recommence its roll-out at the appropriate time.
Equally, I can't see a stand-out reason for today's rise. One has to acknowledge that social restrictions will remain until end of year - that will clearly have an impact on LGRS. However, I remain a holder.
Hopefully you are correct.
I am invested here too, shame about the big drop yesterday as it’s been pretty steady so far .
Can’t see any reason that this shouldn’t be heading up towards £3 once we can get back to normal.
I've joined the LGRS party, hoping we will all be let out soon to enjoy : )
What are you talking about?
a bit shocked to see people taking small profits when it is obvious that next published results will push price up do they expect sp to go up every day in a new listing idiots?