image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Our latest issue will be released in 7 days, don't miss out!

Ten Entertainment - Another ‘beat’ triggers 17% upgrade

September 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:
  • 222p
Strong trading momentum has continued at ten-pin bowling operator, TEN, whose first half update stated that trading had been so strong that it would now beat full year expectations. Impressively, customer footfall is 43% higher than FY’19 levels and drove 46% growth in like-for-like sales, more than enough to outpace inflationary pressures with entertainment prices held at 2019 levels.Liberum says the customer database has also grown by 89%, driving an increase in the frequency of visits while online ordering has boosted ancillary sales with food & beverage up 41%.A centre was acquired in May 2022 and a brand new centre in Walsall will open in Q3. Three further new centres have been agreed and expected to open over the ne ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

LIMTED TIME OFFER

SUBSCRIBE TODAY AND SAVE £30 USING OFFER CODE 30OFFTMI

To access our archive of articles and receive current issues you need to subscribe