We initiate coverage of Hostmore with a 125p share target price, implying 279% upside. Hostmore has been spun out of Electra Private Equity like an unwanted orphan into a market that’s not interested in consumer stocks at present. The PLC is unknown and unloved with a share register that is more reflective of its past rather than its future. Yet it has the exclusive UK franchise for one of the most iconic, well-known and loved restaurant brands in the UK – Fridays. Add to the recipe a capable ma ....
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Hostmore - Recovery on the menu
Hostmore PLC (MORE:LON) | 18.8 0 0.0% | Mkt Cap: 23.8m
- Published:
22 Jun 2022 -
Author:
Michael Clifton | Cavendish Research -
Pages:
22
We initiate coverage of Hostmore with a 125p share target price, implying 279% upside. Hostmore has been spun out of Electra Private Equity like an unwanted orphan into a market that’s not interested in consumer stocks at present. The PLC is unknown and unloved with a share register that is more reflective of its past rather than its future. Yet it has the exclusive UK franchise for one of the most iconic, well-known and loved restaurant brands in the UK – Fridays. Add to the recipe a capable ma ....