Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
Yep vastly undervalued to cash position, although the spread is wild at 25%
888 was an easily recognized brand name. I understand that they want to decouple the holdings group from the core brand but Evoke doesn't really do much to "evoke" much enthusiasm
Not sure if this is new or I've just noticed it today, but there's a new PFP on the MHC twitter page. A rather uninspiring white 'm' on a bland green background.
Wonder how much of our cash has been spent on this 'graphic design is my passion' inspired marketing
I visited the Cambridge shop a couple of weeks ago. There was only one rack of sale items, right at the back of the store. I can't say it was particularly busy and the seasonal items didn't seem to be there at that time.
a p/e of 20x would rate this at £4 based on fundamentals (from my *** packet analysis). i think that is a fair value (for now!). i can see this making a climb towards £4 helped by the addition to ftse 250.
in the long run, this is a billion-pound market cap imo.
I just assumed its a result of the share buyback that has been in-progress for the last week or so.
BOWL was given a 2-page spread in this weeks edition of Investor's Chronicle (FT publication). Basically just talked about some basic facts of the company and how it is a great dividend player that also has actual growth potential.
Nothing major or new, but something that should bring on a few more retail investors
https://twitter.com/CharlieUK98/status/1756848985891881022
Lloyds Bank data shows bowling spend topping the leader board in December at +106% (vs December 2022)
With credit to a poster from the other place...
https://www.lloydsbankinggroup.com/assets/pdfs/media/press-releases/2024-press-releases/lloyds-bank/2024.01.17-bowling-popular-in-december.pdf
Picture here: https://twitter.com/CharlieUK98/status/1753382320273232323
70% sale seems to have been popular
Just bought some stuff from Superdry who are having a pretty eye-opening 70% sale on a large set of inventory right now.
Noted a few things from my experience
- Warehouse seems to be entirely automated (claimed that orders are picked by robots)
- This means that you can not amend or cancel an order, likely to result in less returns out of laziness
- 70% discount is pretty eye opening, it's on a wide range of inventory
Trive capital putting in an estimated £300m bid to takeover Ten Entertainment Group (TEG), BOWL's biggest UK competitor.
Interesting to see how this plays out for the sector.
https://news.sky.com/story/ten-entertainment-bowled-over-by-300m-us-takeover-bid-13023554
For people interested in visualising the Trustpilot data, I have been tracking it for a while. You can see it on Twitter here: https://twitter.com/CharlieUK98/status/1731628739488890996
The Range is a fairly different business IMO. The food, drink, confectionary and bodycare "range" is much less varied and not as competitive when compared to B&M. Even with their Iceland partnership. The Wilko acquisition just solidifies their role as a budget home decor shop imo.
Normally, if I was looking for cheap homeware, decor, rugs or DIY stuff then The Range would be my first pick. But for biscuits, booze and bodywash I'm going to B&M.
I anticipate sideways until Results published on 18th December.. hopefully, we can break this ceiling once and for all.
F1 Manager Community Manager has been let go, what does that say for the future of that franchise?
I've been waiting a long time for this day, as have many of us. Exciting times ahead to share with all you great folk! :D
Interesting spike today, fairly narrow spread
I'm trying to find the income statement for Currys Plc. Reading through the latest reports on the website but the income statement is missing many lines. No COGS or operational income/outflow line items but instead lots of lines for EBIT(DA).
Am I looking in the wrong place or is the accounting just funny for Currys? It's a bit of a red flag for me that they conflate it so much (if that is indeed what is happening)
This is a great deal that is giving hope that there is a lot of strategic thinking from the board. It helps ease my mind that perhaps there was more thinking going on behind the financing deals rather than simply clinging onto a last resort.
However, I remain quite underwater as I imagine others do. It's still a way from reaching back the £100m valuation that we all think it should be.
Visited Hollywood Bowl last night with some friends, pleased to say the place was PACKED. We had to wait 5/10 mins for a lane to be free after our slot time even though we'd prebooked the spot days before.
The bar was queuing & busy, lanes were packed full of groups of at least 4. Arcade was also very busy.
It's the first time I've played at a bowling alley with the pins on strings which seemed to make things a bit easier (though less enjoyable for me personally). But there is an obvious benefit when it comes to maintenance costs (its a much simpler mechanism) and also makes games run a bit quicker ;).