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Small Cap Stocks Down Under 8 April 2022: Viva Leisure (ASX:VVA)
Viva Leisure: Open for business again, but investors haven’t yet noticed
Viva Leisure (ASX: VVA) is ahead of its 2019 IPO price but is down from recent highs. As an operator of fitness clubs it has had significant disruption to COVID-19 but been able to grow its portfolio substantially through becoming the master franchisor of Plus Fitness. It has over 310,000 members and is targeting 400 locations by the end of CY25. Viva has several niche features that make it particularly attractive including easy to use technology that makes it easy for members to manage their membership (and cheaper for the company), large management share ownership and regular company updates.
Click here to read the previous edition of Small Cap Stocks Down Under published 1 April 2022.