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looking at the bookings in manchester this week 3 hours, next week 6 hours, easter week when kids off..2 hours. this is a massive loss making period. no one is turning up. massive losses on the way looks over priced at 3p, replicate that across the world and massive losses coming
Lol the muppet
Plenty of cash here to ride it out.
Government support and insurance as back up, will come out stronger. 12p last Wednesday
3p today
Easy 2 3 bags today. Wouldn't be surprised to see double digits come up.
absolute clown always he ever does is talk out of his back $!de ignore or filter
Ignore nickel investor or better still check his posting history he’s shorting, spreading negativity with each comments
They’ve been burning cash for yonks and now with no visitors it will be a matter of time before a placing happens - that’s if they can get it away
I did say, smart money with higher averages are gonna be loading up down here.
Voila 8 minutes later you got major holder adding to his position. Expect others to start hoovering up down here.
This is easily a £6m market cap company, that's 10 bags from here. Last raise in June was at 60p for £4m. Now available for 3.5p. Imagine that. 20x discount.
Add down here to reduce your average. And you can be in profit again within weeks at 8p. Multibagger alert
Anyone with a 10p-20p average will be doubling up down here.
Most likely they haven't seen the unreasonable drop in SP today and will be buying up first thing in the morning.
No stock available and will fly from here.
Beat the rush and get your orders in before close of play today. 3p won't be around for long
NT to buy now at 3p
MM's have no stock
Finish around 4.3p on the cards looking at the book
Agreed. Sounds like a leak with the huge SP drop - would not surprise me if a negative RNS is about to drop.
Not sure what that is about today, but in terms of treating shareholders equally and fairly the company should probably put everyone in the picture.
Nope, went into it with a 3 year horizon and this sort of thing happens. It's called investment and risk, and what these markets are meant to be for, rather than the emotional casino that they actually are.
Obviously, not great for trading at the moment but as a small business, Esc should at least benefit from the budget support from gov't which will help mitigate some costs.
But if there is less revenue then I guess we may well be putting our hand in our pocket. However, imagine how tough things might be for 'mom and pop' small operators of escape rooms over the next 6-8 weeks if they haven't built up cash and don't have shareholders to tap?
It's a delicate situation that could go either way. Yes, the outlook is murky and there is a material risk of failure, but on the other hand there is also a possibility that Esc survives (with some shareholder help) and comes out in a very interesting and stronger market position. Eventually, life will return to normal and people will want to restart their leisure.
Which will it be?!
Hope you’re not selling Lavenonews
That’s the bigger issue now in the short term and will impact Ebitda
bet a few glad they didn't buy the ramp now!!
Never a good idea when the balance sheet is eroding like it is and placees are flipping from 10p!!!
No and it’s not punt money
He's not playing around any more.
Stuart Hawthorne is building his stake. 2 mil shares now
thank danvers, good to read some counter views and be challenged. It is high risk and I agree it is not a straight and easy road ahead but the valuation probably fairly reflects that. Much rests on good management execution and a supportive shareholder base.
In any case, I agree that their best bet is to focus on owner-operated expansion. As this segment of their business is still net-negative, for now they must work harder to retain their remaining profit-generating franchise relationships to avoid shortening their cash runway further. A concern I have with their owner-operated segment is game shelf-life. Unlike other entertainment options such as bowling, escape games do not attract repeat customers. Once a customer has played a game, they are not going to go back to play the same game. They may come back 2-3 more times to play the other games on offer, but then they are lost as customers until a new game is installed. In theory they could visit other Escape Hunt locations, but unfortunately the same few games have been installed at all their UK locations, eliminating the opportunity of crossover customers. I would imagine it wouldn't take long to reach market peak before fill rates start to decline, similar to a film's run in theatres (although some films do attract repeat viewers). In addition, due to the physical nature of these games, wear-and-tear must be a factor in game shelf-life. I may explore typical escape room game shelf-life a bit further to project when Escape Hunt will need to begin replacing their games, and how much cash they may need at that time to do so. Or I may not; I'm beginning to lose interest in this project and may move on at the end of the month. Good luck to you all regardless!
Thank you for your analysis, lavenonews. I wonder whether some of the other escape room chains are employing the strategy you suggested of easier rollout while still private, then listing later. I'm not convinced that Escape Hunt is taking things to a new level; I checked several escape room aficionado blogs to see which brands they thought were best and Escape Hunt rarely receives a mention: https://topescaperoomsproject.com/, https://escapetheroomz.com/top-100-escape-rooms-in-the-world-march-2019/, https://escapethereview.co.uk/best-escape-games/, https://thelogicescapesme.com/uk-guide/, https://unlockandroll.com/tag/recommended/, http://www.reallyfun.uk/best-escape-rooms-in-the-world/. Interestingly, one of Escape Hunt's top master franchisers has launched her own VR escape room company outside of the brand, while leveraging her relationship with Escape Hunt in marketing: https://enterthemission.com/about/#gref. Her NZ sub-franchise recently rebranded and is now operating as Escape HQ, the most recent of several former franchises to rebrand. I agree that it is expected to see some franchise attrition, but there is reason to pause when former franchises continue operating under different names or when master franchises launch related side businesses cutting out Escape Hunt's revenue share potential. Perhaps this master franchiser was ready to take things to the next level before Escape Hunt was, or perhaps Escape Hunt's franchise management and support services are weak?
Its the fact the shares dont match the voting rights he is correct its a mistake and both should read 1,500,000
sorry see what you mean, ignore my post.
Don't think it is wrong, look at the dates of the notifications and transactions in the releases - clearly done on different days, it is just that both the holdings releases only got published today.
Well spotted – I think you will see a correction issued
Two RNS's
First: increase from 500,000 shares to 900,000, with 900,000 voting rights
Second: remained at 900,000 shares, but voting rights increased to 1,500,000, with no financial instruments.
Can someone explain how tf you add 600,000 voting rights without buying more shares?