Member Info for JoeKenny

Australians have been going to the pubs and restaurants (based on reservation numbers) twice as much as they were before the pandemic. Great sign for UK pub and restaurant stocks.
Loads more articles like this online too:
https://www.just-drinks.com/news/australian-on-premise-rebound-a-harbinger-for-rest-of-world-analyst_id132599.aspx

Well it's an extremely profitable company atm, so hopefully will see £1-2 levels fairly soon, especially once acquisitions are announced

Yes managed to get a small chunk after around 20 mins, looking forward to normality now, hopefully these will be back to 15p+ by summer when everything reopens :-)

SP seems very high to me at the moment, lots of profit taking, may wait for this to fall back before investing here

Thank you for the quick info here guys, high director holdings is always a good sign. Have invested a small chunk here as part of my recovery portfolio :)

(Just waiting for the damn thing to be negotiated!)

Totally agree with the increase in discretionary spending, people cant wait to go and doll themselves up with these products when the world reopens.
Though I am cautious that maybe a ceiling has been reached here? I understand that this is a very competitive market for CRL

Do you know if their places will reopen after covid? Really unsure if they'll have the liquidity to do so

Have these closed their sites permanently?

If you're looking more short term then the release of their report on April 13th will be a good buy in opportunity. Expecting a drop then as it will obviously be poor

Well to be fair I've lost thousands over the years through daily stock watching, when I'd have actually made tens of thousands if I had taken a longer term view. Decided to increase my holding with RBG when I realised there'd be enough liquidity here to survive until the mass consumer spending starts post-lockdown in June (thought it best not to underestimate the amount people are going to go wild after this is all over and spend spend spend).
Best to just buy a good few of these and forget about them... they'll at least x2 or x3 in value over the course of the year IMO

Just don't understand the mm's, so many more buys than sells, yet where is the increase?

Yes but it can also indicate a large buy... and the way sentiment is looking at the moment I'm predicting the latter

Growing positive sentiment/confidence in RBG I imagine... mm's always nevertheless continue to baffle me when it comes to a share's market price

Have to also say I agree with the Wyckoff Wave pattern here... think this share is currently going through its accumulation phase before the economy improves post-corona.

RBG has a good CFO who has made the fundamentals far more streamlined and gives the bars in my opinion a very good base to emerge from the pandemic. RBG will inevitably release a good trading report later on if we see the expected flocking to pubs/bars (since it will allow RBG to return to profitability and repay their debts).
In terms of investor sentiment, the SP has just experienced its first 'healthy' retrace in over a year.
If all goes to plan, I can't see why this wouldn't be 50p+ come Summer and 70p+ come Xmas.

I have to admit I am very tempted to throw an extra thousand or so into this based on the notion on things will get better once the vaccine is distributed. BUT I am still so wary of these guy's liquidity and how far it can stretch

I enjoy being optimistic, but not reckless, these are ridiculously expensive at £10 a share for an indebted company that, unlike pubs ect, have no guarantee that they'll begin operating ANY time soon... just because the U.K opens up in June, doesn't mean the rest of Europe/the world will! 2021 is going to be a year for staycationing, international travel will only boom again in 2022.
IMO- once this has been realised there will be a big crash in these shares. Hoping to buy in around the £7 mark

These will either stabilise at 30p or 25p (my guess is the latter), that is the issue with a company that's fundamentally on its knees.. all depends on sentiment! Won't see a big rise again until indoor openings IMO

Just want to add that I've decided to invest here today as I believe there is massive upside potential, this SP will gyrate above previous highs IMO due to all the investments the company has been making throughout this pandemic, should emerge very strongly

Pub stocks need a renewed sentiment, which will only come once reopening begins, then we'll see 35p+