Share Name Share Symbol Market Type Share ISIN Share Description
Loungers Plc LSE:LGRS London Ordinary Share GB00BH4JR002 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -5.00 -1.79% 275.00 20,826 15:58:40
Bid Price Offer Price High Price Low Price Open Price
270.00 280.00 277.50 275.00 277.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 166.50 -14.78 -14.00 282
Last Trade Time Trade Type Trade Size Trade Price Currency
16:16:58 O 500 270.01 GBX

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Date Time Title Posts
17/6/202110:08Loungers - all day cafe chain (new issue)56

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Loungers (LGRS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-06-21 15:16:59270.015001,350.05O
2021-06-21 14:58:44277.001,0392,878.03O
2021-06-21 14:58:28271.661,0002,716.60O
2021-06-21 14:48:55271.777,00019,023.90O
2021-06-21 14:37:38271.777,18719,532.11O
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Loungers (LGRS) Top Chat Posts

Loungers Daily Update: Loungers Plc is listed in the Travel & Leisure sector of the London Stock Exchange with ticker LGRS. The last closing price for Loungers was 280p.
Loungers Plc has a 4 week average price of 267.50p and a 12 week average price of 257p.
The 1 year high share price is 300p while the 1 year low share price is currently 107.50p.
There are currently 102,400,000 shares in issue and the average daily traded volume is 257,675 shares. The market capitalisation of Loungers Plc is £281,600,000.
alphabeta4: Nice little update today, Liberum added £4m to FY22 sales (now £211m) and upped target price £3.30 to £3.50 as a result.
tomps2: piworld interview: Ken Wotton’s Investing Principles talks about Loungers (LGRS) at 20m43s Watch the video here: Https:// Or listen to the podcast here: Https://
alphabeta4: I'm conscious I've been a bit quiet of late, but I have been busy doing a number of calculations in the background. Early October I went through LGRS site list and was able to estimate 18/138 LGRS and 4/29 Cosy Clubs were impacted by restaurant restriction/ closure of North East, North West and Scotland (look to have zero in Scotland) and Wales so c17% of the group. For the complete closure following the 31/10 announcement I had cash burn of £480k a week from a previous note (I can't remember if this was from my note or theirs) so around £2m of net debt for 4 weeks. Compared with Liberum £26.9m net debt estimate and the chunky headroom looks to be fairly trivial, but I guess with 102.4m shares in issue you could say this is worth a 2p cut in the target price. With the 31/10 closure announcement the shares took a knock with the rest of the sector, the bid dropping from 140p to 128p so around 10%. Curiously though most of the other peers (MAB, JDW, MARS) are now trading at either the same or 5% above the 30/10 close but not here. I can only assume the spread has put people off helping cement the valuation anomaly. With the underlying trading here, limited impact from initial closures / restrictions, solid looking financials, fact that some competitors will never reopen and advances in the science IMHO I think there is at least 25% available here in short order so this afternoon have added to my position, now c3.5% of my portfolio.
thewheeliedealer: Hi all, My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast a few days ago and part of our discussion includes LGRS. We also chatted about loads of other Stocks and Ideas for research, and the outlook for Markets and as usual a fair bit of educational stuff with regards to Investing which this week included the concept of ‘Badwill’ and a lot on how we seek out ‘under the radar’ stocks. Anyway, if you use Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 34) and you can find it on Soundcloud at the link below. I hope you enjoy it and find it useful, Cheers, WD @wheeliedealer hTTps://
zztop: Still less than half price...dive in chaps
deduce101: "Combined with its existing cash and loan facilities, the company said it will have funds of around £31mln, which it estimated was enough to maintain the business for around 46 weeks of closure. In a note on Thursday, analysts at the company’s house broker Peel Hunt retained their ‘buy’ rating and 200p price target on the stock, saying they believed Loungers “ should emerge from the [coronavirus] crisis in a position to resume its leadership…of the licensed retail sector”. hxxps://
zztop: Time to buy less than half price
saucepan: The share price is continuing to inch up after results. That may well be the footprint of institutional accumulation. I won't be surprised to see a holdings RNS in the near future. I might be wrong, of course!
alphabeta4: Decent trading statement, looks as expected but the buying seen today suggests it has raised some awareness IMO. Worth noting Liberum (albeit house) have a chunky 73 page initial coverage document out with a 275p target price. Looks they have a chunky 31% annual eps growth expected for each of the next two years. Can be viewed on Research Tree for subscribers.
alphabeta4: I thought it worth starting a thread on this. It's a recent new issue (29/4/19) that seems a bit under the radar. Analysts originally expected it to be valued at £250m-£300m but it was got away at £185m or £212m including debt. Only institutions could apply. The business has two key brands - Loungers and Cosy Club. Loungers is an all day cafe-bar chain, cosy club more formal bar / restaurants. As at 1/4/19 split is 122 Loungers and 24 Cosy clubs. I've recently had one open near me and I've visited it a few times and found it pretty busy with a diverse range of customers. It isn't a business looking to compete on price but was also not that expensive either. Looking around it felt decent value enough for the drinks and food on offer along with the pleasant interior. I have sampled the food and would do so again. The business is very much at the growth end side of things, (LFL was 6.4% in the 24 weeks to October vs 0.9% for the sector and Christmas came in at 11%). The plan is to open c25 per year. CACI (the planning consultancy) thinks there is the opportunity to grow to 400 Lounges and 100 Cosy Clubs. Proactive investors have the business set to deliver £20m adjusted earnings making for a forward of c10.1 at £2.20 off a business achieving 39% CAGR. That looks very cheap to me, at the time of my research RBG was on 11.2 with a much more uncertain earnings performance and JDW on 17.1 off a far weaker growth profile. Two of the original founders remain (Alex and Jake) and Nick Collins (CEO) and Gregor Grant (CFO) both have 15 years experience in hospitality. Lion Capital has been the largest shareholder since Dec 2016, they did use the issue to sell £11.6m of their holding but remain 38.7% holders. Alex and Jake also reduced around a quarter of theirs but retain c7% of the company each. Lion are now on 6 month lock in, directors 12 months. Overall if they continue to perform IMHO there could be a decent amount to go for here as they build a track record and as awareness of the company grows. As I understand it FUL trades at 21.8 forward and feels a similar successful smaller outfit achieving a decent growth profile. The usual disclaimers apply, the accuracy of the above is on a best endeavours basis and as always DYOR. Admission doc etc: Investor presentation 2/5/19: Various articles:
Loungers share price data is direct from the London Stock Exchange
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