Updates

Ten Entertainment

November 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.

Ten pin bowling operator Ten Entertainment has clearly been in the Covid-19 firing line these past few months but half year results brought some cautious optimism. While it succumbed to a pretax loss of £5.7m (H1 ’19: profit: £7.3m) on sales down 46% to £22.5m, with just over half the period wiped out by lockdown, strong cost control meant net debt only rose to £6.7m (H1 ’19: £3.2m). That leaves un-used headroom of £18.3m (H1 ’19: £11.8m). Strong cost control, supplier support and Government support reduced cash burn by over 70%.Importantly, all centres have re-opened with 42 re-opening between 6-20 August and the other three in Manchester, which had been subject to a loca ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Boohoo Group

Segro - Gain to date: 55%

Ten Entertainment (January 2024)

Ten Entertainment - Like-for-like sales accelerate (November 2023)

Ten Entertainment (May 2023)

Ten Entertainment (February 2023)

Ten Entertainment - Offers deep value at FY’23 PE of 6.7 in spite of upgrades (November 2022)

Ten Entertainment - Another ‘beat’ triggers 17% upgrade (September 2022)

TEN Entertainment - Ten-pin bowling group increases openings potential (June 2022)

Ten Entertainment (May 2022)

Ten Entertainment (March 2022)

Ten Entertainment (August 2020)

Ten Entertainment - Bowling operator forecast to grow eps 61% between FY'18 - '21 (November 2019)

Ten Entertainment - Ten pin bowling group hitting new highs (December 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.

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