Loungers (LGRS)

Sector:

Tourism and Leisure Services

Index:

FTSE AIM 100

269.00p
   
  • Change Today:
    -14.00p
  • 52 Week High: 284.00
  • 52 Week Low: 182.50
  • Currency: UK Pounds
  • Shares Issued: 103.83m
  • Volume: 41,535
  • Market Cap: £279.30m
  • RiskGrade: 184

Loungers makes two senior management appointments

By Josh White

Date: Tuesday 09 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Hospitality operator Loungers announced two senior management appointments on Tuesday to facilitate its continued growth.
The AIM-traded firm said Justin Carter, managing director (MD) of the Lounge brand, had been promoted to the newly-created position of group MD.

In the new role, Carter would assume responsibility for overseeing all three of Loungers' brands, leveraging his industry experience and operational expertise to drive success across the organisation.

The board said Carter's journey with Loungers started in 2015 when he joined as chief operating officer (COO), subsequently transitioning to the role of Lounge MD in 2017.

Prior to his tenure at Loungers, he held was operations director at Fuller, Smith & Turner, and was also the founder of the Elbow Room pool bar chain.

Loungers also announced the appointment of Kate Eastwood as the new Lounge MD, succeeding Justin Carter in that role.

The board said Eastwood would bring a wealth of experience to Loungers, having also served as operations director at Fuller, Smith & Turner for the last four years.

Previously, she held various roles at Revolution Bars Group, including sales and marketing director and director of business development.

"As we grow and our ambitious site roll-out plan continues, it is critically important that we have a senior leadership structure in place that allows us to protect our unique culture whilst also building on the outstanding levels of hospitality and value that our brands are known for," said chief executive officer Nick Collins.

"Justin has played an integral role in the huge success that our Lounge brand has enjoyed in recent years, and his promotion to the new position of group MD is richly deserved."

Collins added that he was "delighted" to be welcoming Eastwood to Loungers.

"She has a fantastic track record from her time at Fullers and Revolution, and I am confident that she will be more than capable of building on the strong foundations that Justin has helped to create."

At 1009 BST, shares in Loungers were flat at 212p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Loungers Market Data

Currency UK Pounds
Share Price 269.00p
Change Today -14.00p
% Change -4.95 %
52 Week High 284.00
52 Week Low 182.50
Volume 41,535
Shares Issued 103.83m
Market Cap £279.30m
RiskGrade 184

Loungers Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
16.66% below the market average16.66% below the market average16.66% below the market average16.66% below the market average16.66% below the market average
3.85% below the sector average3.85% below the sector average3.85% below the sector average3.85% below the sector average3.85% below the sector average
Price Trend
85.71% above the market average85.71% above the market average85.71% above the market average85.71% above the market average85.71% above the market average
92.86% above the sector average92.86% above the sector average92.86% above the sector average92.86% above the sector average92.86% above the sector average
Income Not Available
Growth
75.43% below the market average75.43% below the market average75.43% below the market average75.43% below the market average75.43% below the market average
92.45% below the sector average92.45% below the sector average92.45% below the sector average92.45% below the sector average92.45% below the sector average

Loungers Dividends

No dividends found

Trades for 18-Jun-2024

Time Volume / Share Price
16:19 1,500 @ 268.40p
16:14 125 @ 267.16p
15:48 1,000 @ 267.16p
14:13 6,714 @ 268.50p
13:27 197 @ 268.33p

Loungers Key Personnel

CEO Nick Collins
CFO Stephen Marshall

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