I often wonder what causes this ongoing decline, business in good health, cash increasing, growing, strong young company.
But the daily grind of the share price is kind of a drag.
I've never worked in financial circles so don't know the dark arts but the constand drop does seem manufactured
Happy Easter!
Another perfect location 3 shops = 1 Escape Hunt
https://www.glasgowtimes.co.uk/news/scottish-news/24195561.huge-escape-room-approved-open-glasgow-st-enoch-centre/
Paul Scotts of Stockopedia write up today isn't glowing, generally positive but points out some issues, main point being they keep hiding any bad news and just talk up their results, this doesn't really help anyone.
Q&A with XP Factory CEO Richard Harpham: “Our growth is a result of the cash that we generate”
https://www.youtube.com/watch?v=JEnCMTGXRLU
Exactly, so hollywood bowl central costs are 10 of gross revenue, XPF is 19% - If they got a grip of those the sky's the limit.
I guess I'm just jaded after 4 years of promises of profitability, it acts like a social enterprise sometimes
Central costs of £8.1 million seems excessive for a turnover of £45 million, not sure how they will make ever money with such high fixed costs:
"Central costs of £8.1m reflect the full year effects of growth in 2022 to support the larger estate, covering operations, marketing, finance and other support functions as well as further growth in 2023 commensurate with the addition of further sites. There has also been an impact from inflation as salaries and other central costs have risen in line with market rates. "
Be nice if they could at least release the interims and a trading update so we know a bit more detail on Jan to December 2024
I've been bitten so many times now with rampy ceo's, really hoping Richard isn't another in a long line of disappointments
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.