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Ten Entertainment

May 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:
  • 251p
Shares in ten-pin bowling group, TEN, have been on a bit of a tear after it produced results strong enough to drive large double digit forecast upgrades. The company, which owns and operates 46 bowling centres, posted sales down 20% to £67.5m with its estate open for just two thirds of the year. However, a strong H2 meant it still posted a £4.1m pretax profit while net debt fell from £12.6m to £2.5m, even without an equity issue.This year has started with a bang with sales growth over the first 12 weeks +42% ahead of the same period in 2019. Four new openings and seven refurbishments (targeting 30%+ROI) are expected in 2022 with the pipeline also strong for ’23.In spite of some caution due to a late Easter, the Platinum Jubil ...

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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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