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Hollywood Bowl

July 2022

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:
  • 229.5p
The ten-pin bowling group has announced record interims (prompting a broker upgrade), which had been well flagged, showing revenues up 36% to £100.2m and EBITDA rising 47% to £31m. It also announced its first overseas move via the Canadian-based acquisition of Teaquinn, which operates five bowling centres, for £10.6m. The five units, two of which in Toronto and Vancouver Island are freehold, are said to have over 30 bowling lanes each, with 35-40,000 sq. ft. space, so much larger than its existing units. An exciting new market to go for then and its plans are to build a further 10 outlets. Investec has included Teaquinn in its new numbers and has upgraded eps by 6% and 7%, respectively, for FY’23 and FY’24 to 17.2p and 17.9p. ...

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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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