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Hollywood Bowl

June 2020

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:
  • 141p
Hollywood Bowl has raised £10.9m before expenses at 145p by issuing 7.5m shares (5% of the capital). This will provide additional liquidity over the £15.6m cash and c.£5m un-drawn debt from its £35m bank facility as at 31st March. Since that date, its lenders have agreed an extra £10m credit. This comes at a time when its estate has been shuttered due to COVID-19 but it has mitigated cash burn with non-employee overheads (excluding property costs) expected to reduce from £1.1m to £0.1m per month while centres remain closed. Including property costs the group expects total monthly net cash burn of £1.6m. It also believes that assuming furlough arrangements are available ...

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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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