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Everyman Media

May 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • EMAN
  • Price:
  • 116.5p
Everyman closed all its cinemas on 17 March as the coronavirus crisis unfolded and this month has just placed 17.5m new shares at 100p to raise £17.5m before costs. The proceeds will protect it against an extended closure continuing into the summer months, in addition to ensuring prudent levels of debt. Everyman previously had £9.8m net debt within its loan facility of £30m running through to 2024 and the fundraise ensures Everyman's existence is no longer under threat even if there is prolonged closure.Earlier in the month the company also reported its full year results which are now of academic interest only. Sales were up 25% to £65m whilst EBITDA grew ahead of revenue by 31% to £12m. A further ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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