Previously writing on Gym Group (GYM), last year with the shares around 282p I concluded that it looked to need to deliver very impressively to justify the valuation. The shares last closed at 123.6p and are further down today on the back of a “trading update”, so what’s going on now?
Gyms operator Gym Group (GYM) has announced “successful completion” of a placing raising a gross £31.2 million. How ‘successful’ is the placing and what’s the outlook from here?...
The Gym Group (GYM) has updated including “three-month period ongoing paying members were up 2.4% at 588,000 compared to re-opening (25 July 2020: 574,000)… has traded profitably and cash generatively” and “continues to see an opportunity to access attractive potential new sites and is building a pipeline for new openings in 2021”, but its shares have soared for another reason...
