Updates

Hollywood Bowl - EBITDA 12% ahead of forecast

February 2023

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.

From the depths of 165p last September the shares have surged to almost 250p, helped by final results for the year ended September confirming record revenues, up 49% on FY’19 to £194m while EBITDA of £60.6m was 12% above forecast and 59% higher than 2019. Clearly, alongside fellow TMI idea, Ten Entertainment, 290p, these two are capturing the nation’s zeitgeist for affordable experiences while the free cash just keeps flowing, pushing net cash to £56.1m (FY’21: £2.1m debt). As a result BOWL declared a special dividend of 3p, taking total payout to 14.5p. In the UK growth came through like-for-like sales gains of 28.3% plus three openings. From a base of 67 outlets at the end FY ‘22 it expects to open an additional 10 outlets by F ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Michelmersh - Significantly eps enhancing acquisition

TMI Trader Portfolio 2

Hollywood Bowl - Broker price target 440p (August 2024)

Hollywood Bowl (June 2024)

Hollywood Bowl - Forecasts inch higher (February 2024)

Hollywood Bowl - Trading ahead of expectations; analysts upgrade (December 2023)

Hollywood Bowl - Exciting second leg in Canada (August 2023)

Hollywood Bowl (November 2022)

Hollywood Bowl (July 2022)

Hollywood Bowl - Like-for-like sales growth: +26.8% (May 2022)

Hollywood Bowl - Ten-pin bowling group accelerates rate of openings (March 2022)

Hollywood Bowl (July 2020)

Hollywood Bowl (June 2020)

Hollywood Bowl (May 2020)

Hollywood Bowl - Shares smash through Â£3 mark (February 2020)

Hollywood Bowl (November 2019)

Hollywood Bowl (August 2019)

Hollywood Bowl - â€˜Upside forecast riskâ€™ is building for ten pin bowling operator (June 2019)

Hollywood Bowl - Special dividend cheers investors (February 2019)

Hollywood Bowl (December 2018)

Hollywood Bowl (July 2018)

Hollywood Bowl - Bowling operator enjoys high returns on capital (June 2018)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X