Fishing has been booming, how can investors profit? (Updated)
With growing numbers attracted to fishing, our updated note here reassesses the attractions of this leading angling retailer whose shares have recovered strongly since our original note as its online activities have thrived.
The Environment Agency previously revealed that over 100,000 more people were fishing with fishing retailers reporting huge demand for beginners’ fishing kits and tackle since the first lockdown restrictions eased. There are currently over 750,000 anglers with a licence in England and Wales and in light of renewed demand and the wellbeing benefits of fishing, the Environment Agency has set a new target to get one million people fishing by 2025. Medical professionals are also backing the call to fish and the pursuit of outdoor activities to help people deal with the impact of the pandemic. “Growing evidence suggests that spending time…