Updates

Ten Entertainment - Another ‘beat’ triggers 17% upgrade

September 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.

Strong trading momentum has continued at ten-pin bowling operator, TEN, whose first half update stated that trading had been so strong that it would now beat full year expectations. Impressively, customer footfall is 43% higher than FY’19 levels and drove 46% growth in like-for-like sales, more than enough to outpace inflationary pressures with entertainment prices held at 2019 levels.Liberum says the customer database has also grown by 89%, driving an increase in the frequency of visits while online ordering has boosted ancillary sales with food & beverage up 41%.A centre was acquired in May 2022 and a brand new centre in Walsall will open in Q3. Three further new centres have been agreed and expected to open over the ne ...

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Hill & Smith

Reach - Plus products now over 30% of Digital

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

Ten Entertainment (May 2022)

Ten Entertainment (March 2022)

Ten Entertainment (November 2020)

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.

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