The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Tend to agree with this analysis, speaks a bit of cooking the books, the capex should be lower in next update as no new openings for a while. Would have liked to see some actual detail on their pipeline , seemed a bit vague.. concerned they are still not profitable overall.
Just watched the directors talk interview from a few weeks ago Richard Harpham saying they will be looking to add new sites this year with free cash flow which can only be a good thing, and as the site number increases that can only benefit economies of scale. The alcohol they purchase per unit cost will be cheaper because they will be able to order more of it.hopefuly the interims will be released early much instead of late March
Do we think the selling is mostly done now? For weeks now we have seen big sells every day, 35,000 , 20,000 , 10,000 which would suggest maybe an institution is trying to cut their position , but the last few days, the big sells appear to have slowed, and the sp is creeping up. I hope to see good results at the interims. Does anyone know when are march they are due?
Oxford Street Boom have applied to increase the closing time from 11.30pm to 2:00am on Thursdays , Fridays and Saturdays , can only be a good thing . Hoping demand hasn't softened too much now we are in a technical recession though
I am long, but, I feel they could have mentioned whether they were profitable in the trading update, if that is allowed. I believe with the investment in key sites, such as Oxford Street , o2, Glasgow, Liverpool, these will eventually drive the company forward, but if in the interims they still post a loss per share, no matter how small , this will tank to new lows, perhaps the market wasn't happy with TU being light on details. I think it will be good overall, but maybe not for a couple of years as it is still a small company really
Good Update, but not unexpected, would have liked a bit more flesh on the bones, perhaps with plans for coming year, and how much cash on the balance sheet, or even if they are profitable overall. Encouraging to know they brought back the franchises of Glasgow and Liverpool, this will help with leverage going forward. Slightly underwhelmed by the TU. Still a fantastic business going forward I believe .
I saw a targeted FB add that showed a "date night" package , at £25 pp I thought, a bit out of my price range for regular but perhaps for a special occasion if I want to treat Mrs J. When I clicked on the Ipswich site, for said £25 , you get unlimited games between 6-11 and unlimited buffet from their street food menu. I thought well if food is included too, it makes it much more appealing. However, when I clicked through to Canterbury , where I live, said £25 gets you three games, one of which is Crazy Golf and two others of their choosing and no food. I'm sure it's done on demographics ect, but was a little disappointed as Ipswich is clearly way better value. (And I'm tight) . I don't mind per say, just thought an interesting observation that I found. I do however like the fact that they have a date night option as I think this alone could entice people to their venues.
I'm pretty sure , although I could be wrong, that those shares were satisfied in July . Please anyone correct me if I am wrong. Whoever is selling is potentially an institutional investor as they are quite large sells for PI's.i mean I'm still confident from my own research, but admit it is a bit worrying.
I think it's a little unfair to compare the business from 2017 considering the company only purchased the Boom Battle Bar brand on 3rd November 2021. I have no problem with a slowed international growth as I feel there is no point running before you can walk. They rolled out 27 BBB sites last year and although the pace has slowed recently , they have been repurchasing master franchise's from existing sites, which will only add to their economies of scale. There is also a high level of institutional Investors in this stock who have all purchased higher than this price as it's almost at atl. The scale of the enhanced estate should show in the full year results . I have my work Christmas party at the newly opened Canterbury branch next week and I will report back on how I feel it was , business wise and experience wise. I am confident in this stock.
I personally think your being a bit hasty . They rolled out 27 sites last year and this H2 will be the first time they will be able to have scale and no lockdowns ect. They are a brand new company if you strip out escape hunt. Boom is like 2 years old , they were close to making a maiden profit in H1 and have slowed the pace of rollout and have been quietly buying back franchise sites. They are also in the O2 , and on Oxford street . I think if their H2 doesn't show a full profit after irfs16 when they report, then perhaps it might be time to start to worry, but honestly I think they will be fine , Richard Harpham said when he reported interims that they were on target to report in line with market expectations and that h2 corporate bookings were through the roof. Of course do your own research and don't take my word for it though.
Honestly it looks bad now, but this company is trading, it did 18m in revenue H1 , it's coming into its busiest period, it has a real product that you can go and see and feel. Unless they are bleeding cash and end the H2 in debt , they had just over 3m at end of H1, they have little long term debt , so I'm still hopeful of positive trading update in jan , im much more comfortable nfodent in this than i am say chargepoint. XP have slowed their site roll out aswell so capex should be lower now aswell. At this price I will buy as much as I can, I'm not a big investor, just private , I have 6100 at AVG price of 16.9 and I'm holding. Hoping this will pay off my credit card!
I think one major thing you guys are forgetting is, this is an AIM stock and the majority of AIM stocks are garbage, and this market just doesn't have the liquidity of the main markets, if you do your own research and consider this a bargain, then top up, there could be many reasons people are selling rn. It's almost Christmas and the results should come good in the new year.
Happy to see volume starting to pick up . Agree should get a good trading update around January time , I love in Canterbury which has just opened a Boom Battle Bar and from I have heard they are trading well. Not sure they still have the option on flipout though, that was for two years and they paid most of the Rideout in June/July so it may have expired. Canterbury is a student city and there is not much competition at the moment in the way of experiential leisure. I'm looking at their sites and they also have the 02 and Oxford Street, so definitely in the right places , hoping to see an improved cash on hand in next TU and first fully profitable H2, then this will fly