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What's going on here? Why does it keep dropping after such results? Shorting, boredom or maybe there is something we don't know yet? Some kind of communication from the company would be very helpful.
Could just be the anticipation of a further interest rate rise. Always seems to dip around that time and spring back after. Although must admit not seen it in the 15's for a while.
So then. What sh17 reason for the serious drop other than fake MM’s?
Shenanigans!!
Yes, very muted response to excellent progress.
I note the broker note says July trading (so Q3) was very good too.
https://www.sharepickers.com/xp-factory-04-08-23/
Surprised we have not seen a flurry of buying since the RNS?
The future looks bright for XP as they enter a key trading period - I have zero doubts that they will prosper and we can look forward to some stunning results in the new year.
I'm also keen to get an update on growth aspiration for the next few years - there are not near enough battle bars in the UK
The 50,000 trade at 09:25 today is my top up. Not sure why it’s showing as unknown.
Christmas party options at Boom. This would have been almost zero last year so only a couple a day through December would really boost like for like revenues. Most companies i've worked for struggle to know what to do at xmas so offering something a bit different should hopefully appeal
https://boombattlebar.com/uk/london-oxford-street/corporate-events/boom-christmas-parties/
Yes, great progress and strong numbers - if i read it correctly EBITDA is over £5m for 6 months. Conservatively if they deliver similar in the next 6 months that's £10m EBITDA for the full year - at a conservative 5 x EBITDA yardstick that's a valuation of £50m.
Now Boom is really just taking off. Many sites were only open in very late 2022/early 2023 and will take a few months to gain traction. In H2 not only do we have the current summer holidays but also the corporate function market for xmas. I can see really good numbers here - hopefully the train strikes will get sorted soon too.
Looking at my local Manchester Boom it was quite uninspiring in the early days - now weekends are busy all day, which is great to see.
A good interview yesterday on V o x markets too by CEO. Seems very enthusiastic which is always a positive.
Buy’s continue to be considerably more than sales yet the SP lingers.
Apologies - put a double negative in there! For avoidance of doubt, i don't think this is a heavily 'traded' share
Pleasantly surprised that I've been able to top-up in the 18s which is only about 10% higher than the 6mth low of 16.5 which has been tested twice.
This does not strike me as a share that is NOT heavily 'traded'. If my interpretation of the RNS is shared in the broader market (i.e. it's very good!) I would expect to see the growth in the share price to come over a period of weeks / months/
Very nice numbers and bright future ahead. Happy I topped up on lows
A great update from XP Factory
The company has grown significantly over the last 3-4 years and now seeing the benefits
Great to see the growth coming through in both Boom Bars and Escape Rooms - both are really innovative entertainment brands and still nowhere near their peak participation.
I expect Boom Bars in particular will have a huge Xmas this year - the Commercial team at my company have used them this year for a big event and the feedback was awesome.
For those that are new to the stock - worth checking out the history of this company under it's old name "Escape Hunt". The market cap was significantly higher even before the acquisition of the very exciting Boom Bars
https://disfold.com/company/escape-hunt-plc/marketcap/
This is a market leader in two innovative ventures - and could make it to mid cap status in the next few years if it continues to grow at current rate
GLA
Pleasingly, like-for-like growth from the most mature seven sites in the network was 14%.
Usually you would see a reduced cash position with such fast growth, not an increase.
Amazing work by the BOD
The company is growing fast whilst also being net cash positive - that is incredible
If they pause on building new sites then the cash position will dramatically improve, although why would they when they are trading so well.
It’s still in its infancy really, Boom franchise sites in Chelmsford and Ealing acquired in June 2023, these won’t have been cheap.
Cash is king and will come, look at it this way, £3.6m cash as at 30 June 2023 (31 Dec 2022: £3.2m) £400k extra cash in the bank despite all the expenditure on new sites.
Great update but I would really like to see more free cash in the bank at some stage!
The newest site in Dubai opened on 17 July 2023 and has so far traded exceptionally well.
O
Boom: up 19% in the 26 weeks to 2 July 2023
o
Escape Hunt: up 20% in the 26 weeks to 2 July 2023
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Owner operated site level EBITDA1 of c.£3.8m up 245% (H1 2022: £1.1m)
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Franchise EBITDA of c.£1.5m up c.30% (H1 2022: £1.1m)
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Boom franchise sites in Chelmsford and Ealing acquired in June 2023
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Continued high ratings from customer reviews
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Record pre-bookings for corporate sales provides confidence underpinning expectations for full year
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£3.6m cash as at 30 June 2023 (31 Dec 2022: £3.2m)
Boom Battle Bar
Turnover from the Boom owner operated estate was £11.1m, an increase of more than 400% compared to the same period in 2022 (H1 2022: £2.2m). The increase reflects like-for-like sales growth of 19% from the owner operated sites open in the same period in 2022, together with the new sales from a significantly expanded estate. Gross margins have continued to improve across the network and the business is achieving greater gross margin consistency week to week and between sites.
Should see a re-rate from here, brilliant numbers.
Group turnover of £18.8m up 131% (H1 2022: £8.1m)
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Double digit like-for-like sales growth delivered across both owner-operated brands: