Updates

Applegreen

November 2019

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.

Shares in Applegreen inched towards their highs after the motorway service station and petrol forecourt retailer released strong interims showing revenues rising 73% to Eu1.5bn (70% constant currency) while EBITDA jumped 201% to Eu58.9m. The first time contribution from Welcome Break provided the biggest boost to growth but even excluding this EBITDA rose 37% to Eu26.5m. Net debt was Eu470m (31st December ’18: Eu 507m), giving net debt / EBITDA of 3.5x, down from 3.9x.Expansion continues apace even when you’d think management would have their hands full integrating Welcome Break (where synergies remain on track to be realized by end of 2021). On 26 June the group acquired 46 sites in the US Mid West followed by a small ...

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Hollywood Bowl

Town Centre Securities

Applegreen - Cash offer of €5.75 a share (January 2021)

Applegreen (November 2020)

Applegreen (September 2020)

Applegreen - Welcome Break deal shifts focus towards convenience retail and food services (July 2020)

Applegreen (September 2019)

Applegreen - Service station group makes transformational Welcome Break acquisition (May 2019)

Applegreen (June 2018)

Applegreen - Irish petrol retailer expanding rapidly into UK and US (November 2017)

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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