RE: Lockdown nailed on18 Dec 2020 19:21
Waiting for Q2 2021 would be too late? The market surely looks ahead? ESC may drop a little further short term due to misplaced short term sentiment imo, but the management have cash in the bank, are still opening new venues despite the COVID19 restrictions, leveraging better deals in prime locations and they are making good use of the furlough scheme to mitigate staff costs. This company imo will be ideally placed to capitalise on the post pandemic environment, where people will be itching to get out and socialise. Companies will want to re-connect staff that have been working remotely and corporate away days will be the perfect tonic for employees that have been disengaged.