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Hollywood Bowl - Shares smash through Â£3 mark

February 2020

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.

Shares in ten-pin bowling operator Hollywood Bowl lifted off to £3 following strong results slightly ahead of expectations and news of a special dividend for the third year running. On the back of this analysts have made small upgrades to forecasts.The group increased revenues almost 8% to £129.9m, while pretax profit increased 15.3% to £27.6m. Eps were 14.8p (ahead of 13.6p forecast).Sales growth came through a 5.5% jump in like-for-like sales, eight centre refurbishments and rebrands, which generated 46% return on investment (well above its 33% ROI target) and two new centre openings including Watford and the Intu shopping centre at Lakeside, the largest bowling centre opening in the UK in the past 10 year ...

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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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