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This is a very quite board, are there any key dates on the horizon for Hollywood Bowl? Dont seem to get much movement in price on this one - suprised we havent seen more of an uptick considering its been pretty flat for months.
"Strikingly obvious" lo'
"Hollywood Bowl Group plc, the UK's largest ten-pin bowling operator, will publish its final results for the twelve months ended 30 September 2021 on Wednesday 15th December 2021."
BERENBERG RAISES TARGET ON HOLLYWOOD BOWL
Analysts at Berenberg raised their target price on ten pin bowling centre operator Hollywood Bowl from 280.0p to 300.0p on Tuesday, stating there was a "strikingly obvious upside" to the stock.
Berenberg thinks the risk-reward profile of buying Hollywood Bowl shares has now very much so skewed to the upside, with sales running at a rate well ahead of 2019 levels.
The German bank highlighted that if the company can maintain even part of that momentum, the earnings upgrades this year will be "enormous".
On the other hand, if it doesn't, Berenberg believes the worst-case scenario for the stock will be that it merely meets its estimates and delivers "nice growth" as shareholders have a strong pipeline of new openings to look forward to.
"Based on the trading statement's guidance for the year-end net cash position, we estimate that Hollywood generated EBITDA in H2 2021 of over £20.0m, which is significantly more than it did in H2 2019 (£17m), despite being closed for the first six weeks of H2 2021. This demonstrates the strength of operational gearing at play," concluded Berenberg, which reiterated its 'buy' rating on the stock.
Great results. Crack on.
I’m very happy with what I read, roll on the good times.
Cash burn not nearly as bad as expected, huge amount of rent written off, proven pent up demand, fantastic investments coming on track, fully funded. Next 18 months will bring an almost continual rise. Happy days.
Not sure it will be good? We have been in lockdown and burning cash till reopening?
This share. Looking forward to results day - got high hopes for even more recovery rebound here.
When this company finally gets back on track they need to focus on buy backs not dividends
Bookings being taken.......
I think it will. Slowly building substantial stake in this share. buying on the dips. As a bowler, Hollywood is not for the purists, but it is a good money-making machine with sensible managment. Boom-time when the doors open.
Will this rise now all the way to opening?
Bowl tipped in Daily Mail today. Expect some buying demand this week.
Soon!!
Soon will be 200+
Into the 2£'s ! Going to be a nice close today .
:))
Back into the two’s ££ soon enough:))
Sorry for the double post but have brought in today - regardless of the 10-20% swings some initial thoughts on BOWL:
-Population of the UK will be craving social environment post lockdowns, social activities will be the thing to do over the next 1-2 years in my opinion.
-Competition to BOWL is none existent with the only competition really coming from alternative ways of family activities such as go-ape, cinemas, theme parks but for the most part BOWL is in a unique situation in that most of its centres are in retail parks which should fair much better off then town centres.
-Many ways for them to expand their income, its not just the revenue of bowling and puttstars that will increase but food too, as more restaurants go bust, theres less alternatives for people to go bowling then leave the premises to go for food elsewhere.
-I think we could potentially see more favourable rates on things like soft drinks/alcohol/coffee (though relatively small), with more and more competitors being knocked out it gives those currently in the game that slight bargaining power.
-When i look at my local retail park, the only competition to bowl is cineworld, cineworld is out of action for months, this should give a short term boost to BOWL for atleast 6 months.
-The number of sites BOWL has i think when reading was 70 or so centres? could be very wrong on this but this is still tiny in comparison to the amount of major cities there are throughout the UK, you could easily justify one of these in practically every major town so over the long term i see nothing but growth.
-Operating profits are very high which to me indicates low competition, i always like to look at how much it would cost a new entrant to entre the market and knock out the share im trying to buy (warren buffets approach) "the moat" if you will. I find it hard to believe there will all of a sudden be a boom in bowling alleys and puttstar type businesses even if they are profitable due to the lack of appetite for brick and mortar businesses.
Negatives I would say are not many but perhaps its trading at a fairly aggresive P/E ratio already though still cheap in my book, i also think a negative may be how a recession of sorts will impact the revenues as more and more people lose their jobs. I still think many are living in a bit of a dream at the moment as furlough has been supporting many and businesses are yet to go through radical staff changes till probably financial year ends/new years.
Good luck all holders.
Looking at getting a position in BOWL based on my own research, will take a small stake tomorrow although government announcement tommorrow will cause stocks like this to swing depending on the tier levels and whether places like BOWL can open easily....they really need these open around christmas time to give a much needed boost but who knows.
You dont want it opening in jan/feb when the christmas spending booms over.
Fully agree with you. Great company :))
I am opening position here. This is solid company who managed summer with covid very well.
Later on vaccine will be around. It will boom. I can see 50 percent upside from this price in less than year.
Feeling good to park my money here!
Be £2 soon ;))