Secondary Recommendation

Ten Entertainment - Ten pin bowling group hitting new highs

December 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

An interesting fat note from Berenberg has highlighted how UK consumers are switching away from “product consumption” (leading to a net closure of 500 high street stores a year) and towards “experience consumption”; in other words fewer clothes, cars and white goods and more holidays, festivals and other leisure experiences. A particular leisure activity back in vogue is ten pin bowling and earlier this year the two largest operators floated on AIM. Larger of the two, Hollywood Bowl, 182.5p (market cap: £276m), has traded relatively quietly but its nearest rival, Ten Entertainment Group (market cap: £140m), has moved smoothly up from a placing price of 165p to reach 215.5p.Founded in 2009, the co ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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