The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
More great signs of success from LinkedIn
https://www.linkedin.com/posts/elisha-khan_uk-dubai-activity-7147661165433692161-ieyC?utm_source=share&utm_medium=member_desktop
£50m feels light given the growth and progress I expect the to evidence in their January Trading update.
If they can demonstarte its scalability, pace of growth and improved profitability - there is no reason why this wont be closer to £100m by the end of FY24
Sorry got carried away - yes a £50m short term valuation is c29p a share, not 50p. However, even that is c 70% higher than the current SP.
50p share price -- a 90 million market cap ??
Pretext - The SP of 17.5p is in line with the SP 1 year ago. Last year it then dipped a few pence before a +40% rise at the time of the Trading update.
January
- Further directors buying very likely
- Trading Update for the 12mth to Dec 31st expected w/c 22 Jan (I'm expecting stellar results)
March
- Results for the 12mth to 31 Dec (but with year end changing, the full results will not be formally out til Q3 as it will be a one-off 15mth FY)
Looking forward to seeing their growth plans for FY23 - I know they are keen to maintain their tradjectory of growth
Have to agree - and short term, based on current trading a 50p valuation, c£50m valuation, seems quite conservative IMHO.
I'm hoping for a really impressive Jan trading period covering the last 6 months. For example, Oxford St only opened in late Nov last year and was impacted by at least 2 train strike weekends last Dec. This year it will have been able to organise a lot more corporate events and there was only 1 strike day impacting London this December. This store must be doing £10k to £20k per week so even with high rents this will be making a material improvement to both revenue and profits.
At H1 Boom did £11.3m revenue, it would be nice to see maybe £25m for the full 12 months. Add maybe £13m for Escape Hunt (c£10m in 2022) and that's another year of impressive growth.
No reason this cannot hit £1 within 2-3 years.
It's a rapidly growing business - with opportunity to maintain level of growth in future years
Seemingly undervalued
Cash generative - able to self fund future growth and refurbs
Growing market and peers performing well
High customer and employee satisfaction
Potential M&A target - tie up with Puttshack would be nice as gr8 opportunity for Puttshack to grow quickly in UK
I think that the leisure sector will boom in the next few years - still a lot of pent up socialising from the horrible lockdown.
Yeah always been a quite board this, thanks for highlighting the linkedin posts. Looking through other posts on there the general vibes throughout the company seem really amazing, the general managers like you say are very happy with themselves, the teams seem to be having fun, hopefully this all translates to excellent customer experiences and better than expected sales.
I think 90% is harsh.
Most AIM stocks in my honest opinion are not scams
Not sure how long you have been investing - its feels like your judgemennt may have been impacted by the long bear run on AIM.
In Bear markets, it is the smaller businesses that suffer most.
Many are optimistic that we have seen trhe worst now and that AIM is entering a new phase - I'm predicting a 40%+ increase in AIM index in 2024
I follow 6 businesses on AIM very closely tha are grossly undervalued - like this one.
This is my favourite though right now, given the timing.
We'll get a trading update in January - which I expect will show phenomenal revenue growth - strong cash generation and an improving handle on costs as they learn more about hteir market.
I saw a targeted FB add that showed a "date night" package , at £25 pp I thought, a bit out of my price range for regular but perhaps for a special occasion if I want to treat Mrs J. When I clicked on the Ipswich site, for said £25 , you get unlimited games between 6-11 and unlimited buffet from their street food menu. I thought well if food is included too, it makes it much more appealing. However, when I clicked through to Canterbury , where I live, said £25 gets you three games, one of which is Crazy Golf and two others of their choosing and no food. I'm sure it's done on demographics ect, but was a little disappointed as Ipswich is clearly way better value. (And I'm tight) . I don't mind per say, just thought an interesting observation that I found. I do however like the fact that they have a date night option as I think this alone could entice people to their venues.
I think the reason it is a quiet bulletin board is purely because it's an AIM stock , there is not that much interest in aim companies because like 90% of them are scams or destined to fail .
It’s a very quite bulletin board
It suggests to me that this is probably flying below the radar a bit
Given the name change, I think many investors are not aware of the history here before the Boom Bar acquisition. E.g the growth of Escape rooms
Wow that’s quite incredible. Definite validation that they’ve had a great Xmas period. No wonder directors have been buying. Looks like this could be the inflection point. Looking forward to 2024!
All on Linkedin - yes
Great post hedgehogarth. Were where the comments made? On LinkedIn?
The trading update is eagerly anticpated:
Recent comment from Head of Operations at Boom Bars:
"broken our Friday & Saturday revenue week on week for the last 4 weeks, and delivered incredible LFL growth – and emptied our suppliers of their shot glasses and sparklers, and left our residents DJs in awe. It’s been THE party. This has been 2 years in the building – and yet just feels like the beginning"
And from the GM
"Christmas came early! We done our record breaking Saturday going straight into the following record breaking Friday."
Oxford Street Store
"Oxford Street, who continue to smash the records book this Christmas period. Breaking daily and weekly records with infectious smiles, they embody the true spirit of not only Boom Battle Bar, but true hospitality"
Norwich
"Here’s to an epic (and record-breaking) time at Boom Battle Bar Norwich! "
And...2023 was a great year for Puttshack - a similar offering in the same industry
+62.3% up on Xmas LY
+10% up on the full year
146% of target achieved with EVERY site hitting Q4 target
Maxi
I would add that the people at Boom make a real difference. They seemingly have a great culture and the team seem to love working there.
Particularly at this time of year, they seem to have some great party hosts and hostesses who really live and breathe their role and ensuring the corporate parties have a brilliant experience
No problem Cheezer. For what it’s worth I’ve been to 3 boom battle bars- Wandsworth, Oxford st and Ipswich. I personally feel they’re a lot better offering than competitors such as flight club or swingers, mainly because you have more options. I loved the fact we could play golf, darts, beer pong and karaoke all in one place. And from a business perspective means more dwell time and greater spend per person imo.
I did my first escape room in Woking yesterday. We did the blackbeards treasure game. Granted I’m not sure I’m quite their target market but we did it as our works do. And I really enjoyed it. And again it seems to be a great business model. Can’t be too high capex to start one of these and once operational ongoing costs can’t be high. We had a great host also which I feel is important for one of these and I think that’s reflective of their great reviews on trip advisor. Can definitely see the appeal for a group of friends, couples on date night, corporate and families. So definitely a good range of target market.
Maximus thanks for sharing your views on the Oxford street venue, Its valuable to get first had experiences I think. Not been out much as of yet but planning a visit to the Exeter one with friends between Christmas and New year for a bit of shuffle board.
Interesting reading....
https://www.alphaspread.com/security/lse/xpf/summary
And let's face it - the share price has significantly undervalued this business or a long time now.
The last 2 or 3 RNS have been outstanding
The company have 76 venues - That's a lot of happy punters every night (and every daytime) at this time of year
Directors have been loading up
There are also numerous posts on Linkedin that allude to record breaking 'nights takings' ant multiple venues and a genarle 'smashing' of the Xmas period across both brands
18% up today… people finally waking up?
Not sure if anyone else has been out for Xmas parties etc last few weeks. I went boom battle bar Oxford st last Thursday and it was absolutely heaving- had a great time. Also was in London on Sunday and could hardly move in borough market and down Oxford street. Not sure if London is a bubble and not representative of country but undoubtedly has to be a good sign for Xpf.
You have to remember that this is a AIM stock. Beware of what you read on here and …….