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A bit of Hotel Chocolat...and then onto Vodafone

By Chris Bailey | Friday 23 July 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.

I have been really impressed by Hotel Chocolat (HOTC) as a (very) occasional consumer, but never (to date) as an investor. A couple of months ago I observed that I was waiting for a 300p or below share price, a level we have not seen for around a year. Yesterday early evening PrimaryBid offered an opportunity to participate in a money-raising for the group. You can guess what I said at a 355p share price (equivalent to a then discount of 2.74%) offer.

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