Member Info for Craigb

Anyone invested here?

Added a few last week, looks a solid buy, 8% yield at current prices too.

Also was investing my divi s from Bt and Lloyds here, hopefully won’t see a rise 🤦‍♂️

Not surprised at all, massively undervalued.

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

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.

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:

Brilliant update, makes the share price a bargain.

Seems very upbeat, going off his tone the ML won’t be a problem.

Somebody’s been spending big money all day.

If we close above 3p, I see us moving up again tomorrow with the potential update Monday.

Hopefully break 3.35

Not on the usual fall back, something afoot?

Definitely building, lots of buys over £10k