Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Visited Hollywood Bowl last night with some friends, pleased to say the place was PACKED. We had to wait 5/10 mins for a lane to be free after our slot time even though we'd prebooked the spot days before.
The bar was queuing & busy, lanes were packed full of groups of at least 4. Arcade was also very busy.
It's the first time I've played at a bowling alley with the pins on strings which seemed to make things a bit easier (though less enjoyable for me personally). But there is an obvious benefit when it comes to maintenance costs (its a much simpler mechanism) and also makes games run a bit quicker ;).
Some meaty trades going through this morning
All bodes well for holders long term
Upcoming Events for BOWL source Stockopedia
Thursday, December 14th 2023
Full Year 2023 Hollywood Bowl Group PLC Earnings Release
Year end now so let's have a great updated on the close due early October
Such a well run business this
Certainly looks like it's coming alive again.
Could be good news around the corner here
@Louie - The latest RNS relates to the amount of new shares they have issued for employees under the SAYE programme.
The have issed c 641k new shares out of 171m so a tiny % of the overall shares in issue.
Really annoyed that there's no real explanation as to why the stock has tanked 20% since may. Managed to find anything other than some directorate change? I don't understand the latest RNS
In Merry Hill at weekend and seen converting former TK Maxx into new outlet, local media says at cost of 3.7 million, not a huge floor area and hopefully lease is on very good terms, will be one of the few companies in shopping centre providing leisure, if discount shopping and eating. Company seems confident spending on bowling and other atractions will continue. Holding.
Can see one of the directors dumped 125k shares in April, maybe she knew something we didn't. Other than that can't find any news that would indicate something to worry about.
Can anyone else?
Any ideas why we have been on a downward slide since the beginning of June?
Finally where it should be.
Against a dreadful market for smaller Companies.
QUALITY in spades.....
From Evening Standard: “… it said with the trading boost a year earlier from the temporary VAT reduction stripped out, profits lifted 7.7% to £24.8 million.
It saw like-for-like sales rise 3.5% and notched up record revenues of £110.2 million over the half year.”
Paul’s opinion - I can’t find fault in BOWL - it’s trading very well, generating tons of cash, which it’s using to self-fund growth, refurbs, international expansion, and pay a fairly decent divi yield forecast at 4.3%. That’s an impressive combination. So it has to be a thumbs up from me!
Obviously the big unknown is whether, and for how long, the current popularity in bowling is likely to last. Maybe it’s permanent? Remember though, that if demand really drops off, eg in a big recession, then that 83% gross margin, and a largely fixed overheads base, could generate high operational gearing on the downside. For that reason, I don’t think it’s necessarily a good idea to be chasing this share higher in such a wobbly macro environment.
I see BOWL shares qualify for a GARP (growth at reasonable price) screen - I've not looked at this one before, but it might be worth checking this to see if we can find other similar shares. This is a clickable link - I see this GARP screen only picks up companies with a >£200m mkt cap, but that can be easily amended to look for smaller companies, if you wish.
Healthy-looking chart, given that we're in a pretty horrible bear market for smaller companies - although it's quite surprising it still hasn't recovered to the pre-pandemic peak, given how well the business has performed since then. Although note the share count has risen from c.150m to almost 172m over the period of this chart, so some dilution -
Read well to me, with divi up to 3.27 (was 3p)... on my first reading
CEO overview "I am delighted with our record performance in the first half, and I would like to thank our fantastic team members for all the hard work that goes into delivering excellent value for money, high quality experiences. It is clear from our high customer satisfaction scores that our continually evolving proposition appeals to all generations looking to enjoy affordable leisure activities together.
"We are looking forward to driving further growth in the UK and Canada, capturing the significant market opportunity ahead. Our resilience to inflationary pressures, strong balance sheet and cash-generative model gives us confidence in the future as we continue to invest so that our customers have the best experience possible in our centres.
‘We are delighted with our fist half performance’
Very Good Trading Update out Today (see RNS)
'
Interims Tuesday 30th May 2023
No debt, profitable, so the current banking crisis has no effect on #bowl. This market turmoil is great for picking up bargains.
This still seems cheap imo. I've been buying more. That was a very pleasant dividend.
This is a well-run company that clearly know how to run effective businesses.
I like the look of BOWL and have just bought a few at 250. Which showed up as 4 sells. So I hope my purchase doesn't make the price go down. I see analysts forcasts are nicely up from the current sp.
I’m going to bang on this is a well run company, keep up the good work
They’re forecasting a shallow recession if there’s one at all. I’m still adding too.
Added bit more today. Visit ocassionally and site use always seems quite busy and trustpilot reviews generallly very positive, seems to fit a lot of atractions into small area with good deals on rent, looks very cash generative, board incentivised via stake holdings to keep costs down, decent dividends and cash on hand helps with any possible risk with the company's expansion of operating model in Canada.
Wow 11.53p total dividend. Fantastic update
Fantastic set of results - massively positive in a time most companies are struggling to control costs, maintain revenues and have negative outlooks.