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.
Will this stock ever move I own a good few hear but nothing happens 🤔🤔 any views guys
I agree, Cyprus. I’m well down here despite excellent RNS’s. Getting ver boring now.
Painful share to hold.
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.
Well, I hope they enjoy themselves but I can’t see the SP moving up on that, Cheezer.
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.
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...
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
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.
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
Anyone else track thenumbers - would be good to get other's views.
Nice to see a bit of upward momentum - perhaps the shackles are off.
Someone picked up a shed load at 14.75p
More like dead man walking.
Nice looking late reported trade at a premium.
I expect this to start moving now
Lest hope so as a couple of fellow investors flagged the missing cash to me in TU. Others mention it btw. Also, check share dilution and director share schemes. Good to see director investment but the original scheme was changed to one so low, shares are bought at very low price, hence maybe price kept low to allow more of that buying. All in all, something being done to keep price low.
Fake AIM!
SP has perked up a little today. Hopefully, this will continue over the next few weeks in anticipation of the March update
Interesting trades last few days. Hopefully this is the start 🤞
I really hope this is the beginning of a climb. Lets hope the directors have bought enough with the SIPS and want some real profit now too! 90% drop from original float SP is not a good look after 7 years.