Recession Proof Stocks

[andydis]

Firstly,

 

I wanted to say this is a great idea to have this section in the forum!

I am keen to speak with other who enjoy day trading or even just topping up their S+S ISA's every now and again.

Which leads me on to my top pick picks for recession proof stocks

(*Please note this is my opinion only and I am NOT a financial advisor, the value of the stocks can always go down resulting in a loss of money)

 

- Provident financial PFG  
Provident Financial plc is a British sub-prime lender, also described as a "doorstep lender", based in Bradford, West Yorkshire. It specialises in credit cards, home collected credit, online loans and consumer car finance. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index

 

-Corsair Gaming CRSR

Corsair Gaming, Inc., commonly referred to as Corsair, is an American computer peripherals and hardware company headquartered in Fremont, California.

 

- HSS Hire Group  HSS
HSS Hire Group plc is a supplier of tool and equipment hire in the United Kingdom and Ireland, as well as being a logistical and technical partner to businesses of all sizes. Operating under the banner of HSS Hire, the group has a network of over three hundred outlets

 

Rank Group RNK  - (If you know the gmablign industry you should know the name)

The Rank Group is a gambling company based in the United Kingdom

 

 

 

 

 

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Interesting insight.

The only one I am familiar with is Rank Group. With its share price down over 50% these last 12 months, and a very poor acquisition in Stride Gaming for which they paid 115.3M GBP I am unsure if I would call it recession proof. Furthermore, additional regulation around online gambling will make it difficult for them in the future in the UK regulated market. Although it might currently be 'cheap' I would not necessarily consider it recession proof!

 

My recent buy this week has been Plus 500. They are a CFD broker, and with Europeans looking for a Robinhood alternative to capitalize on the $GME and $AMC frenzy I anticipate they will do very well in the future. They are also trading very cheap at around 2 x EBITDA multiple. Worth looking into! https://www.lse.co.uk/SharePrice.asp?shareprice=PLUS&share=Plus500

 

[andydis]

Quote

Worth looking into!

Thanks Ad's!   nice tip there, will have a look.

My thinking around was Rank gorup is -    everyone still loves to go to the Bingo in a recession for a cheap night out 🙂 and yes they are a @cheap@ buy right now 🙂

[cazza6565]

1 hour ago, andydis said:

Thanks Ad's!   nice tip there, will have a look.

My thinking around was Rank gorup is -    everyone still loves to go to the Bingo in a recession for a cheap night out 🙂 and yes they are a @cheap@ buy right now 🙂

Are you serious. When was last time you went to bingo. Cheap it definitely isn't