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Ten Entertainment

March 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:
  • TEG
  • Price:
  • 265.5p
Like its rival Hollywood Bowl (see pages 4 to 6), Ten Entertainment is enjoying the re-opening surge with like-for-like sales up 29% between 17 May and 26 December, albeit held back by some larger groups cancelling in December due to Government messaging and constraints in Wales and Scotland (where 13% of outlets are located). In the week beginning 27 December, the previous +30% like-for-like resumed with record sales at Christmas and New Year. Like-for-like volumes grew by c. 24% with the VAT cut boosting sales less than 3% while pricing remained stable. Peel Hunt has upgraded forecasts with new eps of 3.6p in FY’21, rising to 17.5p and then 19.9p in ’22 and ’23. Peel’s price target is 350p. With minimal debt and a fav ...

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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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