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Hollywood Bowl

July 2018

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:
  • 227p
The shares inched higher after Hollywood Bowl announced first half results marginally ahead of expectations. Turnover rose 9% to £63.6m while pretax profit increased 17.4% to £14.6m (forecasts were £13.4m). Adjusted eps rose 18% to 7.85p (forecast: 7.1p). Net debt fell materially to £7.2m from £13.5m thanks to strong cash generation.The good results reflected strong operational progress with spend per game increasing 5.5% in H1, benefiting from dynamic pricing, whilst games volumes rose 3.6%, benefiting from two new openings (performing in line), taking the total to 59. There were three refurbishments (return on investment is ahead of internal expectations) with five more planned for H2.Eps forec ...

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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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