Updates

Loungers - Strong trading delivers new upgrade

January 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.

Loungers’ value-for-money casual dining concept, the addition of new and fashionable cuisines to its traditional offering (including a new range of tapas and flat breads) and all day trading continues to resonate with hard pressed consumers. Like-for-like sales were +7.6% in the 24 weeks to 1 October while overall revenue grew 22.3% to almost £150m. EBITDA rose almost 24% to £23.9m. Helped by the sales growth and better purchasing, EBITDA margins rose 0.6% versus H1 23, a great achievement given the national living wage increases. New openings continue to perform well and above average. Overall, it expects 31 Lounges, one Cosy Club and two Brightsides (the roadside format) to open this year. In spite of the expansion ...

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Michelmersh

Hill & Smith

Loungers - Agreed bid at 310p; gain 172% (January 2025)

Loungers (December 2024)

Loungers - Opening 35 casual dining outlets annually there’s plenty of runway to 665 target (September 2024)

Loungers (June 2024)

Loungers - Like-for-like sales accelerate to almost 10% (December 2023)

Loungers - Roll-out target upped from 400 to 600 (September 2023)

Loungers (June 2023)

Loungers (February 2023)

Loungers - Accelerating new openings from 24 to 32 as it eyes 500 outlets (September 2022)

Loungers (June 2022)

Loungers (February 2022)

Loungers (January 2021)

Loungers (December 2020)

Loungers (October 2020)

Loungers - Best-in-class cafe bar group looks set to beat forecasts (September 2020)

Loungers - New issue moves to healthy premium (June 2019)

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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