Updates

Hollywood Bowl - Forecasts inch higher

February 2024

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.

Full year results confirmed a very strong year with revenue up 16.2% to £215.1m while EBITDA rose 12.7% to £64.9m (3% above upgraded forecasts). With net cash of £52.5m (11% of market cap.), the group recently launched a £10m share buy-back, announced another special dividend of 2.73p (total: 14.54p) and increased the ordinary dividend pay-out ratio from 50% to 55% of profit. Like-for-like sales rose 4.5% in the UK and are up in amusements (+7.3%) and food (+9.9%) thanks to continuous improvements in the customer experience and estate quality (pins on strings now in 83% of sites; 13 refurbs in the year). Canada generated £22.5m sales (+15.1% like-for-like) and £4.5m EBITDA from nine sites. In spite of another hefty r ...

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Topps Tiles - Missed out on rally; ex-cash PE 8.6 and 7.3

Belvoir

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

Hollywood Bowl (June 2024)

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

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

Hollywood Bowl - EBITDA 12% ahead of forecast (February 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.

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