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Loungers – argues sales ‘encouragement’, but still early days...

By Steve Moore | Wednesday 5 August 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.


Operator of 165 neighbourhood café / bar / restaurants across England and Wales under the Lounge and Cosy Club brands, Loungers (LGRS“is pleased to update on current trading having now re-opened all 165 sites in the estate, with the exception of Cosy Club in Leicester which opens this Friday” – and the shares have currently responded to 130p, more than 20% higher…

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