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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Loungers Plc | LGRS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 306.00 | 07:34:04 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 306.00 |
| Industry Sector |
|---|
| TRAVEL & LEISURE |
| Top Posts |
|---|
Posted at 10/7/2024 08:13 by shbgetreal Why pay a dividend when they are clearly on a roll-out? |
Posted at 04/7/2024 15:28 by edmonda Save the Date! 12th July - Investor Presentation (sign up below!)Loungers plc (LSE: LGRS), a leading operator of all day café/bar/restaurants across the UK under the Lounge, Cosy Club and Brightside brands, will be hosting a live investor presentation relating to its preliminary results for the 53 weeks ended 21 April 2024 at 1.00pm on Friday 12th July. The presentation will be hosted by Nick Collins, CEO, and Stephen Marshall, CFO. The webinar is open to all existing and potential shareholders. Questions can be submitted during the presentation to be addressed at the end. Link to register: |
Posted at 03/7/2024 06:31 by 1choip Next rns due on 9 July. |
Posted at 28/6/2024 09:39 by loungeral M&B have £1b of debt - LGRS have virtually no debt. |
Posted at 25/6/2024 17:09 by darrin1471 MAB growth vs LGRS growth? |
Posted at 25/6/2024 11:33 by 1choip Mitchel Butlers market cap is equalled to 70% of yearly turnover. How about lgrs? |
Posted at 07/3/2024 11:44 by 1c3479z yngn and lgrs are picks of hospitality according to broker but whole sector is under a cloud of the NLW and no VAT relief in the budget. |
Posted at 25/4/2023 12:21 by darrin1471 FY trading update:"like for like sales growth, up 7.4% on a one-year basis and 17.6% ahead of pre-pandemic levels on a three year basis. The Group is pleased to have delivered record total revenue for the financial year of GBP283.5m, up 19.5% on the previous year (FY22: GBP237.3m)." "Our balance sheet remains strong, with non-property net debt at 16 April 2023 of GBP6.2m (17 April 2022: underlying net debt of GBP2.6m). Year-end net debt reflects the acquisition during the year of three freehold sites for a total consideration of GBP3.9m and the acceleration of our site roll-out programme. During FY23 the Group opened 29 new sites, comprising 24 Lounges, four Cosy Clubs and our first roadside site under our new Brightside brand, taking the portfolio to a total of 222 sites at year end." "The property market continues to work in our favour and our pipeline of around 35 sites for FY24 is incredibly exciting" LfL sales growth of 7.4% has to be seen against a background of higher prices. Are sales volumes flat? Some of Loungers customer base has to be squeezed by higher fixed mortgage rates in the years ahead. If food inflation rolls over then sales growth may be difficult to maintain and may be taken badly by the market. Equally a return of market interest in growth shares could result in a big upside plus lower food input prices and fixed prices could lead to higher margins. Currently I do not hold LGRS but a lower entry point or a change in growth share sentiment could change my mind. |
Posted at 05/1/2023 10:50 by crumppot Does anyone have any further news re LGRS? They seem to be opening units all over the country and doing well. |
Posted at 14/10/2022 10:43 by kalai1 Loungers, a leading operator of all-day café/bar/restaurants under the Lounge and Cosy Club brands, issued a trading update for the 24 weeks ended 2 October 2022 this morning. The Group delivered like-for-like sales growth of 17.0%, versus the period 22 April to 6 October 2019, i.e pre-COVID. Expansion remains the name of the game. Since the start of the financial year the Group has opened 11 new sites, comprising eight Lounges and three Cosy Clubs, taking the portfolio to 206 sites, and it plans to open a further 19 sites in the current financial year. More solid top-line growth should be expected. The Group posted its maiden net profit in FY22, a base from which positive EPS should now grow over the medium term. Valuation looks pretty decent with PS ratio at 0.89x in the top third for the Hotels & Entertainment Services sector. The balance sheet remains strong with non-property net debt at 2 October 2022 of £9.5m. Share price has corrected around 1/3 over the past year and lacks momentum, the macro environment is the cloud for discretionary spending in the year ahead. There is no obvious rush to buy, LGRS looks to be a share to monitor for now......from WealthOracle hxxps://wealthoracle |
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