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Hotel Chocolat – smart or lucky?

By Chris Bailey | Tuesday 24 March 2020

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Another round of coronavirus updates know the playbook by now. The only one that really caused me to arch an eyebrow was from my old sparring partner Amigo Holdings (AMGO), which observed that it 'has taken the decision to temporarily pause all new lending activity, except for lending to key workers in exceptional circumstances' and later on talked about switching staff to look after customers who had 'a need for forbearance'. Certainly time for the company to make new friends. Now back to some news out late last week…

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