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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Hollywood Bowl - EBITDA 12% ahead of forecast

February 2023

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:
  • 241p
From the depths of 165p last September the shares have surged to almost 250p, helped by final results for the year ended September confirming record revenues, up 49% on FY’19 to £194m while EBITDA of £60.6m was 12% above forecast and 59% higher than 2019. Clearly, alongside fellow TMI idea, Ten Entertainment, 290p, these two are capturing the nation’s zeitgeist for affordable experiences while the free cash just keeps flowing, pushing net cash to £56.1m (FY’21: £2.1m debt). As a result BOWL declared a special dividend of 3p, taking total payout  to 14.5p. In the UK growth came through like-for-like sales gains of 28.3% plus three openings. From a base of 67 outlets at the end FY ‘22 it expects to open an additional 10 outlets by F ...

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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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