Updates

Hollywood Bowl - Like-for-like sales growth: +26.8%

May 2022

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.

Just two months after I made Hollywood Bowl a main write-up the shares raced away to a new high of 285p after it said trading for the six months ending March would beat expectations. It said like-for-like sales growth versus 2019 was 26.8% with absolute growth 36.3% and four of its top five record months were achieved in H1 ’22. Net cash increased to £49.6m.Three refurbishments were completed in the period with at least three more planned in H2 while new centres opened in Birmingham (Hollywood Bowl) and Harrow (Puttstars).Management have taken actions to mitigate cost inflation including simplifying food menus and hedging energy costs to end 2024. Additionally it’s planning to have solar panels installed in 15 centres by FY’2 ...

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Hollywood Bowl (July 2020)

Hollywood Bowl (June 2020)

Hollywood Bowl (May 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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