Member Info for JoeKenny

In their statement a month ago, RBG announced that they planned to reopen 20 sites for outdoor drinking...
On their instagram however it only says 14? I have messaged them to ask about this...
Is this a warning sign for tomorrow? Are they struggling with liquidity so much that they can't reopen those 6?

COM previously suffered from the decline in 'casual dining', however I say this trend is set for a total reversal as lockdown comes to an end... I think people will be meeting out all the time for food for years to come after all this

Aw yeah because people are gagging to go there

Personally think time is running out to cash in on recovery stocks, think the likes of MARS and MAB have hit their ceilings, whereas the smaller caps still have a way to go. I've got a bit in RBG and COM and, like this, think they'll increase big time between now and December if all goes to plan with covid easing

I looked into buying this as a potential recovery stock... can see people gambling a lot more as sports/pubs properly restart.
It seems for the first time since the early 2010s this seems to be picking up above the 20-30p mark... though can anyone tell me HOW this was £70 ten years ago!!??

Agree, sound as if the mm's are getting ready for a rerate

Next leg up on it's way me thinks personally

Good point. Bigger/older/more conservative investors (who tend to invest a lot more) enjoy lower risk so are far more likely go for something that's on the 250 rather than what's on the AIM.
Financially restructured and perceived to be a more sound investment (lest we forget that moody's also recently rerated this share)... RTN should fly once lockdown ends... should hit the upper target of £3 by September IMVHO.

No offence but it's pessimists like you are going to seriously miss the boat

Just topped up here. Especially like that CRL are manufacturers and supplies of beauty products which are sold via retailers. Should serve very nicely for when lockdown ends and the consumer boom begins.

Just topped up here, looking forward to the post-lockdown boom now

So what are people thinking about the report? Trading will have been bad obvs but will it give a positive outlook e.g 'we have enough liquidity to last until full unsocially distanced reopening in June etc.'... will there be another level up (maybe 40p?) like we've seen with some previous RNS's? Or retrace to 20-25p?

This share just needs more attention, something which it will hopefully get when things reopen

Great thank you guys, may well buy an extra chunk here pending the price this week. I have not entered here with a target but looking at a 6-9 month time frame, no doubt staycationing will also go on to help this sector big time- can't see why this won't be at the same level as RBG before long (or even MARS if they can follow a good enough distressed debt strategy)...

Tempted to invest another chunk here as I think they'll fly once opening begins and acquisitions are announced...though is anyone waiting for a buy-in opportunity (e.g below 15p)? Personally think this has stabilised at 15p now (particularly judging by the no. of buys). but I'd love for some more experienced FUL investor opinions

You mentioned a reversal, what is your buy-in target to top up here? I can't imagine it will go below 13-14p before things pick up again tbh

Sentiment will push this to at least 1.50 by June alone and then up from there.
The end of social distancing in June coincides well with the half-year reporting (and that's for all leisure stocks). All we need is a couple of good HY and Q3 reports that tells us of high customer numbers- and there will be more than ever given the pent up demand- and money rolling in, and these shares will be worth at least £2-3 IMO.

Someone who is pessimistic when it comes to recovery stocks will, IMO, miss out big time.
I like to be optimistic and look forward to making good returns as improved trading reports fly in. Festival tickets already booked for me and I cant wait to pop into wagamama's beforehand:)

Hello,

Lots of smaller firms haven't made it through this pandemic, giving chains like this to sweep up customers (not that I'm indicating a distressed debt strategy). Interesting article regarding this and some factors revolving around this here:

https://www.ii.co.uk/analysis-commentary/uk-shares-pros-are-backing-play-post-pandemic-recovery-ii515573

Agree, their distressed debt strategy is very attractive and will prove lucrative... exciting times ahead IMO