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More like dead man walking.
Nice to see a bit of upward momentum - perhaps the shackles are off.
Someone picked up a shed load at 14.75p
Anyone else track thenumbers - would be good to get other's views.
NewBoy - this is profitable...
Im of the opinion that the SP is being held to fill an ordre - have you not seen up to 1m bought at 14.75 in the last few weeks when everyone else has to pay 15p+
Here's my view of the 2023 Numbers (Based on my own research and workings)
Revenue: £45m +94% YOY (vs £22.8m in FY22)
Gross Margin: c£29m +94% YOY (vs £14.8m in FY22)
Site Level EBITDA: c£18m +130% YOY (vs £7.7m in FY22)
Adj EBITDA: c£9.6m +150% YOY (vs £3.9m in FY22)
Adj EBITDA Margin %: c22% (vs 17% in FY22)
Cash Generative
Each Owner Operated EH Venue - £0.55m Revenue / £0.27m Adj EBITDA
Each Owner Operated Boom Venue - £1.45m Revenue / £0.41m Adj EBITDA
I do expect them to show a Net profit; However, the key numbers are the Gross MArgin and Adj EBITDA margin. Private Equity will be looking at these (and the growth opportunity) licking their lips
This will only grow when we know if BBB is profitable.
O2 opened December 2021, I thought that would be a pure money making machine, but is it? Does it make money, or just wash it's face,
I thought Richard was all over commercial, but he seems more marketing and customer service. He even said in a recent interview they protected customers from price increases.... that's all well and good for footfall but not if they don't make money, he seems to be treating it like a social enterprise. So frustrating.
Do you mean no mention of cash in the TU? It is rare to mention cash in a TU and quite frankly it is not required. Cash was £3.2m on 31/12/22 and £3.7m on 30/6/23, despite a number of new stores being opened in the period. In the 6 months since we have record revenues and increased margins. The number of new stores/bars has slowed so IMHO cash is in a good place.
Usually cash is only mentioned in a TU if there is a potential concern/to reassure and it would appear there is no concern ATM.
I think you are looking for a negative when there isn't one
Shenanigans for sure at play which might well be typical AIM or something more specific like chats with private equity and also v worrying to mention of cash position in last trading update so...
Absolutely right, but it shows the attraction for corporate events, how good word of mouth will expand buissness, how people will be exposed to the venues that might not nesscearily of thought to go and the snowball effect that can have. I'll be interested to know after whether people from the office will look to take friends and family back there. If this type of thing is happening at all venues that that will affect the SP, Sales etc.
Well, I hope they enjoy themselves but I can’t see the SP moving up on that, Cheezer.
Nice surprise on Friday when the office social Calendar got issued for the year. A trip to Boom Battle Bar Exeter scheduled for next month. That'll be 26 people on a Friday evening, be interesting to see what the office will make of it. Apparently our director was keen to go after attending someone else's event.
Painful share to hold.
I agree, Cyprus. I’m well down here despite excellent RNS’s. Getting ver boring now.
Will this stock ever move I own a good few hear but nothing happens 🤔🤔 any views guys
No i dont mate im not a member of Stockopedia , i just listen to his podcasts.
Thanks Hookey - i don't tend to believe a lot o read on thos type of sites. Do you have any experience with them that is more positive?
Hedge Hogarth, Paul Scott is from Stockopedia.
It’s difficult to keep up to date with the positions held by the pump and dump traders, I heard JW is looking to buy back in again, I don’t believe it but I’m sure it will attract some old followers back to the cult, personally I think they’re both bovine excrement artists
I thought he told Paul hill on Vox interview that he had sold out of this one
Who is Paul Scott?
I'm planning on doing some analysis later in the week
They achieved £45m Revenue in a year in whoch not all their estate was open for the whole 12mths and the Boom Bars are still maturing.
So for FY24 -
1- we could see +2-3% growth to reflect a full year of the current estate
2 - Perhaps 10% - L4L growth in Boom performance - more Corporate sales, maturing operations
3 - 'Up to 5%' from transitioning a small number of Franchises to owner operated
4 - 5% growth from adding new venues in 2024 (assume 5-10 new venues but the won't see a full year benefit n FY24)
So maybe +25% Revenue Growth fro me is very likely - but will do some more detailed anaylsis later in the week
That would equate to about £55-60m revenue with EBITDA in the region of c£10-15m
The company is cash generative
It makes the current mCap look very odd at just £26m - it also maked XP a sitting duck. I really do belive that their will be Private Equity eyeing this up.
Puttshack is owned by BlackRock who then handed the copnay $150m to fuel growth
I had a listen to Paul Scotts pod cast and he seems getting a bit more interested in XP and is considering buying more shares.
Lovely late trade reported :-)
I'll get str8 to the point, this board already has my views on XP Factory :-)
There appears to be a very big spread right now - the Bid and Ask are often well beyond what you actually pay or get paid for a share. The genuine spread is also very large; yesterday was 0.75p which is 5% - this is very high.
The above leads me to think that there is a Big order being filled; low did to attract sellers, high Ask to dissuade buyers.
AIMO, DYOR
Fair play, Max. And respect for not taking my blog as personal. I do hope more than anyone that this comes good! Saying that, look at the SP today. Totally false market makers, manufacturing, corrupt, manipulation etc, etc….
Come on XPF, we are waiting
Well done NewBoy
I've bought lots at sub 15p too :-)