jevanss25

ESCAPE HUNT - LONG

做多
jevanss25 已更新   
LSE:ESC   None
Fundamental Trade here,

Expecting the stock to trade sideways for a while, but any break of 27.00 will be watched closely. The logic behind the trade largely assumes that by May 17th sites will be open in the UK, and other countries will follow not too far behind.

1) Escape hunt has used the pandemic to acquire new 'super sites' at a significant discount - owner-operated sites have risen 89% from 2019 to 2020 (largely aided by point no.2)

2) Escape Hunt is acquiring its French master franchise partner BGP Escape (also has operations in Belgium) - again at a massive discount EBITA near 1!?

3) American Franchise opened up should deliver significant longer term growth (Struggling to find details of this - but was mentioned by one of their investors during an interview on 25/01/2021) - as a side note Crate Joy, a leading subscription service in America revealed that Puzzle Boxes - which emulate the same kind of experience as escape rooms, was the No.1 subscription product on their site - showing a healthy appetite among consumers for Escape Room style activities.

4) Escape Hunt PLC - has responded to the pandemic by creating digital / remote play products, which have performed well, topping internal expectations as of December, and "significantly offsetting the reduction in site revenues resulting from the temporary closure of a number of the company's sites"
评论:
We have had the break of 27.00 up to 29.6. The breakout is confirmed by strong volume (well above the 20MA Volume in relative terms)

Didn't take the trade as the above breakout happened on friday. Will look to take something mid day monday if the price is stable / trending up
评论:
We got into this trade Monday last week with an average buy price of 30p, after an initial upward push to 35p price has come back to 29p

We may look to add to the position here, provided that price can hold above the previous consolidation zone of 23 - 27p
评论:
This trade is a beauty! Still holding and keeping to my profit targets
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