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Share price rose last few days hoping for good news. 10p dividend is what I'm hoping for
MIDAS reporting broker forecasts of 10.5p dividend when results are announced this week. Would take that any day, but think it’s a bit on the hopeful side.
Yep, all good here. Over £50m in the bank, still performing well. That’s the sign of a good business, even during bad times they are ahead of market expectations.
Now that’s what you call a bumper of an RNS.
Fantastic news all around
They are hedged till the end of 2024. The investment in their solar panels was a shrewd move 15 of their locations have solar.
I am invested here but really not much new info coming out these days.
This is a hold for me rather then a sell/buy, not selling as I think places like hollywood bowl are here to stay for a very long time and the sites are easily adapatable to meet customer demands such as escape rooms, larger/smaller drinking/food areas etc. They also take sites on that really no one else will be able to take so they will have aggresively low rental costs etc as it drives footfall into retail parks.
Only concern is cost of energy/utilities whether they are hedged or not.
Even though I’m Talking to myself. I just want to put it out there.
Debt free
Hedged energy costs till 2024
Just bought a Canadian business so now receiving foreign exchange bonus.
And anecdotally the one near me is still very busy.
One thing I noticed was their energy costs are hedged through to the end of 2024.
With £40 million in the bank, if any hospitality survives I think Hollywood will be one of them.
Things may look bleak at the moment but recessions don’t last forever and by the time the economy has picked up so will the share price, so I’ve been buying and getting ready to hunker down and see out the next few months. The sp may go lower in the short run but This seems a well run business so I’m happy to park my money here.
I’m going to be building a position here. The cost of living crisis is going to hurt disposable income but will people still want to bowl in a few years when the crisis abates? This will be a long term hold for me.
as with many indoor activities, seasonal swings can be huge, and as in this country, companies don't think air conditioning is needed, indoor activities like bowling etc will suffer heavily during the summer months when people would rather be outside.
Any idea why the recent drop?
I have bought in, everything about the company is great.
I don’t know about whether BOWL is recession-proof, but I went about a month or two ago and the place was really busy, it still appears that people are going.
I'm sure interest will start flooding in when earnings report gets closer. Or... perhaps, the insiders know something disastrous that we dont!
Going on the numbers, especially from last reported compared to income/balance statements going back to even pre-pandemic times this stock really does seem like a no-brainer imho. I am holding and wanting to buy in more at £2ish
Not sure how well setup the bowling industry is for recessions, I was a child during the last one. Anyone got thoughts regarding this?
Agree doesn't make sense. Just not a sexy stock.
Inflation isn't much of a risk for them either.
Hello all, I used to hold BOWL last year and sold for a small profit. Now I’m thinking to get back in for the longer term.
This sp is almost golden considering the current state of affairs at this company, dividend is back in and the company is rock solid. Any knowledge as to why this sp is falling at this time?
Dead quite board as ever - this company is on fire with profits, revenues, redevelopment of existing sites and new sites opening up.
I went to Hollywood Bowl the other week and it was completely rammed with no pool tables, bowling alleys and some arcade machines never available due to the amount of people in there.
I also think an ace is up the sleeve in terms of utilising some of the dead space if needed similiar to what department stores like Sports Direct and Next are doing where if they dont feel they need the space, convert it into an area for a small pop up/business to utilise and get rent and footfall that way i.e a Costa/Starbucks inside a Hollywood Bowl would be a good move in certain areas.
Previous SP movements for this size have seen sizeable fall backs. Am jumping out for a while but plan to be back. Hope I don’t live to regret it. The two-year prospects here look great.
FYI: TEG figures out today...6 months to Dec 2021 looking very good...should reflect well on BOWL.
FYI: TEG operating in same area....usefully figures come out much earlier than BOWL.
Would like to see more news flow from BOWL, interested to see whats happening with inflation pressures and if they are seeing this impact, also what to see how the mini golf type centres are too and whether they are meeting forecast targets.
Feels like a great business with not much competition, but seems to be relatively underpriced given lockdown risk is virtually 0 at this point which was the main barrier.
Anyone heard about when dividends are likely to be reinstated? I was initially drawn to this stock in part for its decent dividend yield but they stopped when covid came around. Haven't heard any news since about them starting again, has anyone else?
I assume it's market sentiment related to recent Omicrom news (weaker variant). Great recovery and hopefully a positive 2022.
Any idea on what’s going on? Feels like a leak / buyout rumour or something driving this up as it’s been flat for months. I find it hard to believe the markets suddenly realised this has been undervalued and that’s the reason alone ?
Anything that reduces the number of people taking a winter holiday will be good for any business selling family/group activities in a nice, warm indoor setting. BOWL did surprisingly well through the lockdowns managing outgoings and debt very well. Given the success of the growth strategy to date I’m surprised this isn’t trading in a higher range. Expecting good update next week and a very good 2022.
Perhaps the market is factoring in the knock on effects of covid restrictions coming back in the U.K. considerable SP decline today. I’m surprised how well bowl have done this year all things considered and will be keeping an eye out for a buy in opportunity between Dec-March 2022. Anyone any thoughts on how the winter months might affect the share price, please feel free to share?