Updates

Hollywood Bowl

May 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.

Management put out a statement in response to the 42% one day price fall on concerns over the possibility it might breach banking covenants due to a prolonged shut down of its stores, which are now shuttered due to COVID-19.Hollywood Bowl has stated like-for-like sales rose 9% and revenue 12.5% in the five months ended 29 February (pre COVID) and Investec says its H1 forecast is now for EBITDA of c. £22.5m. In response the company is reducing costs and capital expenditure projects.Investec notes Hollywood Bowl would be “way down the list of leisure / retailers banks would be concerned about” as its balance sheet is strong. Pre COVID-19 forecasts were for net debt of £6m, which includes a £3.8m H1 ...

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Brickability

Dunelm

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)

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Hollywood Bowl (July 2020)

Hollywood Bowl (June 2020)

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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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