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as a hold today until better times come rolling along. Definitely a cash generative business with a good geographical spread but I see the Cov 19 disruption going on for 12 to 16 weeks and all this uncertainty will knock the shares. Will be an interesting play though if you time your entry right.
At the best of times, with the lockdown set to last several more weeks and when HB does reopen how many people will have the confidence to go there?
Following this we are going to see a recession kicking in, with lots of austerity because of all this government borrowing. All in all, this is heading back down to 70p and even that represents average trading for HB. To that effect, even 70p is not cheap. However, this company can deal with its debts and has cash.
Will be interesting to see if this does go to that price level again. It is very unpredictable because the length of the impact from Covid 19 is unknown, but at some point there will be a lot of children needing parties and a lot of people who holiday in the UK looking for something to do.......or wanting to socialise again. Yes, it does assume that there is sufficing employment not to make this a ‘luxury’ activity, but I do think there is a future here. Clearly it is all IMHO and time will be a key influencer here...as with many other businesses.
The institutions didn't sell up taking down to 70p knowing it would more than double days later.
The current SP reflects what most SP's reflect, that is not current profits, but what profits will be like in in 12-18 months time.
It will reach a low below 70p, perhaps in the autumn and I fully expect it to be what it is now in 12 months time.
I stand erected
I like BOWL. I have to admit that I have just sold having purchased around £1....only a week or so ago......but i hope to be back. Timing likely to be impossible to get right, but i just couldn’t leave that level of increase on the table after such a short time. Yes, the business is clearly going to struggle in the short term as most of the leisure sector, but this will be back...and strong IMHO. Will be watching carefully for the right opportunity.
It didn't get thumped. :)
This stock will get thumped Monday
Still rising. I topped up yesterday. Although customers will stay away for a while, once the situation gets better these stocks should catapult.
Good bouncwe but can it hold. Stocks are of course volatile but it will be interesting to see if this goes above 100p or falls back on profit taking.
Rallying today. I think customers will support the business when it reopens.
just like their centres will be it seems. Not sure how the market is going to receive this statement when it opens tomorrow. Yes trading was good until almost 3 weeks ago but now it has fallen off a cliff. If it fall tomorrow subtantially I may buy back in with the money from my sale.
Director buy on the 13th.
Govt package to help businesses.
Give it a couple of years...
Thanks scored. I only wish I had been on the ball sooner here but was stuck dithering in the slow lane while I thought the market was going to rebound. Now it seems to be disappearing down a gulley.
Falling knive very lucky
24 million in cash in the bank last year. I'm holding, no point selling.
Hi Martin, The government will be quite selective about who they give loans to. I expect airlines to get assistance but private companies like pubs and bowls centres will have to whistle for it. I expect there will be a kybosh on capital retunrs and slashing or axing of the divi which will be painful for the SP even after these falls. However it it can stay liquid it will be an excellent business in more stable times and a great investment.
If this were France and the survival of the company was guaranteed by the government I would buy more. We might go a year or two without dividends whilst the government was repaid but as you say it is a fundamentally sound business brought low through no fault of the management. Hopefully the UK government will soon emulate France, Germany and the US by offering some support to British companies.
so I decided to head for the exit lane today. I kept my fingers in for as long as I could but I have accepted that COV 19 is a greater strike against my defences and no amount of hunkering down will work. A great company but had to taker a hit myself. I have identified some very companies which have been oversold which will probably recover more quickly than BOWL. I got a reasonable price though at 140p and will look for a re-entry point at some stage.
Ouch. I am a great believer in this company but that must hurt like dropping a bowling ball on your foot. I may sell into a rebound actually as the current investing climate is bugging me.
Another couple of PDMRs buying in today.
I see the CFO bought another 10,000 shares.
i've visited two actual sites the past few weeks and they have been heaving beyond believe. With people not travelling, leisure at home demand could be even higher. BOWL has around 60 sites across the UK, so even with some kind of terrible scenario with several cities being closed down, many will remain open and closed down period is likely to be only a few weeks. Given it 3-4 months with results due in April this could be pushing 320-350 IMHO DYOR
The market has been priced based on sustained performance. Whilst I too like BOWL, the reality is that the virus brings a real threat to certain parts of the travel and leisure industry - anywhere where large groups of people would typically come together. Trying to predict the scale of this impact, IMO, is pretty much impossible right now as I personally feel there is more news to follow. That said, it enables us each to make Our own predictions and make purchases at prices we feel represent good value for the future in quality businesses. GLA and all IMO. PS - I was previously a holder and will be a buyer when I am comfortable with the risks/reward.
couldn't agree more. This is a solid business that should be in the 300s as a min. I topped up when it was around 240 ish as just couldn't believe my eyes. I see standard aberdeen have increased their stake also