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Why Wetherspoons’ shares could recover
The pub group, founded and still run by vocal Brexiteer Tim Martin, has been able to raise money from shareholders on several occasions. This has helped it through the pandemic to date. The most recent raising was for £93.7m. Last year, it raised £141m.
The latest cash will help strengthen the balance sheet. Bullishly, the group has also said it wants to buy attractively-priced properties. Management thinks this will help it emerge stronger from the pandemic.