£142k bought today by the looks of it. Institutions loading up
68p being paid
Background buying, share price creeping up
18 Feb '15
80p by April
73k buys earlier this month but not much else happening however today I think there's a background buyer mopping shares up, spread seemed to move a few times and the last recorded purchase was 66p. We could well have bottomed now and be in an ascending channel as we approach results next month.
16 Feb '15
Half Term this week I believe, will be increased trading as nearly all the bowling facebook pages are expecting to busy. We won't know the breakdown of post-year results for a while but we should hear about the general outlook and in my view it has to be improving - more people in jobs and fewer businesses reporting bankruptcy. Confidence should deliver cracking results :) http://www.tradingeconomics.com/united-kingdom/bankruptcies
9 Feb '15
Hopefully yes :) Not long to wait now The issue of liquidity in small caps limits the trading opportunities but I quite like the stability and not having to worry about institutions jumping in and out. ESR is another illquid stock, very little action for weeks and then suddenly moves higher. The same for DWHT which fell quite a bit recently although is now rising after an excellent update. Of interest was this article in the news - Hull is to open a new leisure facility http://www.hulldailymail.co.uk/New-1-6m-8216-Hull-Superbowl-8217-bowling-alley/story-25937410-detail/story.html This will mean new competition for Essenden come May. Our Doncaster and York facilities are about an hour away from Hull. However it's not so much an issue as Hull is right on the East coast and so we are more likely to attract people closer to Leeds and Sheffield. It does suggest demand is sufficient in the leisure sector which bodes well for us! Also another Superbowl is to open in Cardiff. http://www.walesonline.co.uk/business/appointments/bowling-boss-hopes-strike-lucky-8513388 That is due to open this month. Our closest site is in Swansea, about an hour away. The average family would likely stick with what's closer and more convenient. Not to mention Swansea only has the one bowling leisure facility whilst Cardiff already has the Hollywood Bowl so this new Stadium Plaza superbowl will have to be competitive. http://www.cardiff-superbowl.co.uk/
8 Feb '15
All good news from Doncaster then. Clearly the forthcoming March statement is what we are initially interested in. Worryingly not many shares being traded currently. Hopefully things will change in March.
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