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Hollywood Bowl

August 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.

  • Epic Code:
  • BOWL
  • Price:
  • 222p
First half results from ten pin bowling group Hollywood Bowl confirmed the growth story is firmly intact. On turnover up 5.3% it increased pretax profit by 12.5% to £16.4m. Eps went up almost 14% to 8.9p.Growth came through a 4.4% jump in like-for-like sales assisted by ongoing product improvement, refurbishments (cash returns exceed 33%) and new innovation such as Interactive Scoring and Pins on Strings, which is driving up customer satisfaction.During the period it also opened two new sites at Watford and Lakeside while the new opening pipeline is strong.Peel Hunt forecasts eps to grow to 13.6p in the year to September but that assumes like-for-like sales growth of just 3%, even though it only has the soft weath ...

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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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