RE: I think the Government will *** LEGALISE ELEC SCOOTERS***6 Jun 2020 21:47
I would think the Halfords board can hardly believe their luck frankly.
I mean with the Prime Minister and entire Government promoting cycling to work, then with millions furloughed one of the most obvious ways to get out of the house and keep fit, have a good time is..... cycling.
Then we have the fact that the UK Government are also fast tracking whether electric scooters should be legalised and if they are what rules there will be for where they can go, cycle helmets etc... In my opinion there is NO WAY they will keep them banned because so many people are breaking the law every day already. They will have to legalise them so its just a matter of what rules, if any apply. I should think they will be allowed on any cycle lane and on pavements, but not in the road. Elec scooters are ideal as you can pick them up as and when you need to. Take on train, tube, bus, taxi.
It's just not now for all this, it's for the forseeable future so the future for Halfords could hardly be better.
These are a buy and hold for when they re-instate the dividend which is on the cards IMHO. They are a very good long term investment as well I think.
All IMHO.