Nightcap Share Price (NGHT)

Not great H1 numbers. Despite a good revenue increase, due to new bar openings, like for like down 10%.

Short on cash and now high borrowing charges mean some way from being profitable - EBITDA a bit meaningless when a company has high borrowing costs.

Whilst i'm sure train strikes have had an impact there are clearly bigger issues. WFH cannot be helping these city centre locations in midweek.

What a great idea. Happening now in Sheffield and Nottingham they said.

Day Fever Clubs for Afternoon Partying. Will likely catch on in London too, if not already !

should be a good buy for recovery & they did have a write up in citya.m. that sounded promising.

have also included some market details.

market cap £11.98 million. shares in issue:217.88 million.

revenue reached £9.2m in december. back in june they bought the dirty martini chain.

near to 50 sites are owned across the uk. ****tails seem to be very popular.

the ex dragon's den star sarah willingham owns this company. '' we expect to see the benefits of the integration and the synergies during the coming year from the transformation of our management team and improving our systems.

That being said , this could well get back to 15p by this time next year. The on-trade will do much better in 2024 so i would expect good financial updates over the course of the year. Especially around June/ July

I work in the drinks industry just for context

Rum will make a resurgence in the coming 2 years. Already is to a certain extent. Diageo recently bought Don Papa and will be plowing a lot of money into it as they predict that sector to grow.

Red Leg Spiced will be positioned to do well again in my opinion. Gin on the other hand is completely on a downcycle.

I wont be investing but will spectate on this one.

GLA