RE: £8! Can dream31 Jul 2022 07:42
for periods of lock down / restriction they froze memberships, so did not collect payments. It would have been impossible for them to make money during those yrs.
Their membership numbers are strong & improving, they have some of the best sites up and down the country & significant experience in opening and managing sites. Their recent investor day presentation is worth watching.
PURE GYM is the biggest no frills gym operator in the UK, pre covid GYM group was profitable, whereas PURE gym was not, any good analysis of GYM group would involve also looking @ PURE GYM, from memory, what I could infer GYM group has on average better sites.
In my view this is a a recession proof industry. their costs are largely fixed & having few staff limits the impact of inflation......one can relatively easily calculate what they can / will make using membership numbers & net income of £30m+/yr not unrealistic in the near future......what this will do to the share price i dont know, but I am long :), i also joined gym group & im pretty impressed.