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Escape Hunt – trading update, how “encouraging”?

By Steve Moore | Monday 28 June 2021

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.

Shares in “escape-the-room experiences” company Escape Hunt (ESC) remain ahead after my previous scepticism but are down today, further below 40p, despite a trading update including “revenue during the five-week period (to 20th June 2021) was 47 per cent. higher than in the same five-week period in 2019” and “estimated earnings before interest, tax, depreciation and amortisation at site level for the five weeks to 20 June 2021 was 310 per cent. of the site level EBITDA in the same five weeks in 2019”. So why the share price response?…

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