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Hollywood Bowl - Special dividend cheers investors

February 2019

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.

Despite the weather (Beast from the East, followed by long hot summer) making it a challenging year, ten-pin bowling operator Hollywood Bowl has delivered strong final results with pretax profit rising 13.4% (3% ahead of consensus expectations) on sales that rose 6% to £120.5m.Net debt fell 69% to just £2.5m while the shares were also cheered by a 4.3p special dividend, alongside a 4.2p ordinary final, which took the full year pay-out to 10.6p.Growth came through a 1.8% rise in like-for-like sales and tight cost control. The introduction of a dynamic pricing system helped increase average spend per game by 6.1%, while the re-branding of all 11 former Bowlplex sites also boosted sales. Out of 58 outlets, in total 5 ...

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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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