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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

Hollywood Bowl - ‘Upside forecast risk’ is building for ten pin bowling operator

June 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:
  • 228p
Hollywood Bowl (BOWL), one of two ten pin bowling companies to float during 2016, has just seen its shares spring to new highs. With 60 bowling outlets and a capitalisation of £342m, it could be an exciting ride. While its quoted rival, Ten Entertainment (TEG; 226.5p), has grown through acquisition, BOWL has generated the higher returns on investment through an organic approach with two large openings a year and a relentless focus on sweating existing assets harder. Finance director Laurence Keen, who we spoke with over the month, gives the example of how his company is increasing bowling lane utilisation by trialling modest price discounts during the “shoulder period” – that is 10am-12pm on weekends  (just ahead of the really busy time) ...

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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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