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Hollywood Bowl - Forecasts inch higher

February 2024

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:
  • 288p
Full year results confirmed a very strong year with revenue up 16.2% to £215.1m while EBITDA rose 12.7% to £64.9m (3% above upgraded forecasts). With net cash of £52.5m (11% of market cap.), the group recently launched a £10m share buy-back, announced another special dividend of 2.73p (total: 14.54p) and increased the ordinary dividend pay-out ratio from 50% to 55% of profit. Like-for-like sales rose 4.5% in the UK and are up in amusements (+7.3%) and food (+9.9%) thanks to continuous improvements in the customer experience and estate quality (pins on strings now in 83% of sites; 13 refurbs in the year). Canada generated £22.5m sales (+15.1% like-for-like) and £4.5m EBITDA from nine sites. In spite of another hefty r ...

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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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