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Ten Entertainment

November 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:
  • TEG
  • Price:
  • 135p
Ten pin bowling operator Ten Entertainment has clearly been in the Covid-19 firing line these past few months but half year results brought some cautious optimism. While it succumbed to a pretax loss of £5.7m (H1 ’19: profit: £7.3m) on sales down 46% to £22.5m, with just over half the period wiped out by lockdown, strong cost control meant net debt only rose to £6.7m (H1 ’19: £3.2m). That leaves un-used headroom of £18.3m (H1 ’19: £11.8m). Strong cost control, supplier support and Government support reduced cash burn by over 70%.Importantly, all centres have re-opened with 42 re-opening between 6-20 August and the other three in Manchester, which had been subject to a loca ...

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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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