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Brilliant video, with excellent insights on the details of a multi site operator. Also good point on risk factors, I’ve also previously ignored these since they always contain every possible risk anyone can think if, but they really do provide a good start for considering the negatives yourself, particularly in such a salesy document. Looking forward to the sequel.

Paul I’m really looking forward to your thoughts on Loungers (LON:LGRS) vs Revolution Bars (LON:RBG). Massive difference in the Enterprise value per site. Looks like Loungers is the shiny new toy. Their Admission document seems very light on facts and numbers. I hold Revolution Bars (LON:RBG).


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