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Ten Entertainment - Like-for-like sales accelerate

November 2023

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:
  • 292p
The structural shift in consumer spending towards low-cost family entertainment has lasted throughout the Pandemic and beyond and ten pin bowling operator Ten Entertainment, has seen its forecasts significantly upgraded. As recently as 18 months ago brokers were expecting eps of 19.9p for the year ending December 23 but these have lifted to 32.1p. Most recent trading shows  like-for-like sales increasing 12.8% in the 10 weeks to 10th September, up from just 1.6% in H1, helped by the unseasonal cool and wet weather in July and August, putting it well on track to meet expectations. Ten was originally part of the sprawling Allied Leisure empire, which spanned bars, fast-food outlets and ten-pin bowling alleys around the turn o ...

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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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