Updates

Hollywood Bowl

June 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.

Hollywood Bowl has raised £10.9m before expenses at 145p by issuing 7.5m shares (5% of the capital). This will provide additional liquidity over the £15.6m cash and c.£5m un-drawn debt from its £35m bank facility as at 31st March. Since that date, its lenders have agreed an extra £10m credit. This comes at a time when its estate has been shuttered due to COVID-19 but it has mitigated cash burn with non-employee overheads (excluding property costs) expected to reduce from £1.1m to £0.1m per month while centres remain closed. Including property costs the group expects total monthly net cash burn of £1.6m. It also believes that assuming furlough arrangements are available ...

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Manolete

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 - 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 (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