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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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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 ...

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