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LGRS Loungers Plc

212.00
-4.00 (-1.85%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Loungers Plc LSE:LGRS London Ordinary Share GB00BH4JR002 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -4.00 -1.85% 212.00 79,286 16:35:17
Bid Price Offer Price High Price Low Price Open Price
210.00 216.00 213.00 213.00 213.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Eating Places 283.51M 6.93M 0.0668 31.89 220.95M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:36:58 O 25,000 214.00 GBX

Loungers (LGRS) Latest News (4)

Loungers (LGRS) Discussions and Chat

Loungers Forums and Chat

Date Time Title Posts
27/3/202416:47Loungers - all day cafe chain (new issue)77

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Loungers (LGRS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:36:59214.0025,00053,500.00O
15:38:21214.0024,67752,808.78O
15:35:17212.006,82214,462.64UT
14:23:16212.261,0002,122.60O
14:21:41212.261,5003,183.90O

Loungers (LGRS) Top Chat Posts

Top Posts
Posted at 18/4/2024 09:20 by Loungers Daily Update
Loungers Plc is listed in the Eating Places sector of the London Stock Exchange with ticker LGRS. The last closing price for Loungers was 216p.
Loungers currently has 103,731,036 shares in issue. The market capitalisation of Loungers is £220,947,107.
Loungers has a price to earnings ratio (PE ratio) of 31.89.
This morning LGRS shares opened at 213p
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 07/12/2023 11:38 by melloteam
Just to let shareholders and prospective investors know that Loungers will be presenting on the MelloMonday webinar on Monday 11th December 2023, starting at 5pm.
The programme is as follows:

5.00 pm Stephen English presents ‘Turnarounds – when and how to play’
5.30 pm Company presentation by SigmaRoc PLC
6.10 pm Company presentation by Loungers plc
6.50 pm Educational session
7.10 pm Company presentation by Eagle Eye
7.50 pm Company presentation by Windward
8.20 pm BASH panel with Damian Cannon and Mark Simpson

There will be over 500 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions.

Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.
Posted at 21/11/2023 11:36 by alphabeta4
What's going on? Price moving out of nowhere.
Posted at 13/10/2023 17:17 by 1c3479z
market quite unforgiving: came out with a decent report today, restaurant group taken over yesterday yet the price ended marginally lower.
Posted at 25/4/2023 13:21 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 11:43 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.co.uk/detailed-result-full/LGRS/582
Posted at 17/6/2021 09:51 by alphabeta4
Nice little update today, Liberum added £4m to FY22 sales (now £211m) and upped target price £3.30 to £3.50 as a result.
Posted at 28/5/2021 13:58 by tomps2
piworld interview: Ken Wotton’s Investing Principles talks about Loungers (LGRS) at 20m43s

Watch the video here:

Or listen to the podcast here:
Posted at 06/11/2020 16:41 by alphabeta4
I'm conscious I've been a bit quiet of late, but I have been busy doing a number of calculations in the background. Early October I went through LGRS site list and was able to estimate 18/138 LGRS and 4/29 Cosy Clubs were impacted by restaurant restriction/ closure of North East, North West and Scotland (look to have zero in Scotland) and Wales so c17% of the group.

For the complete closure following the 31/10 announcement I had cash burn of £480k a week from a previous note (I can't remember if this was from my note or theirs) so around £2m of net debt for 4 weeks. Compared with Liberum £26.9m net debt estimate and the chunky headroom looks to be fairly trivial, but I guess with 102.4m shares in issue you could say this is worth a 2p cut in the target price.

With the 31/10 closure announcement the shares took a knock with the rest of the sector, the bid dropping from 140p to 128p so around 10%. Curiously though most of the other peers (MAB, JDW, MARS) are now trading at either the same or 5% above the 30/10 close but not here. I can only assume the spread has put people off helping cement the valuation anomaly.

With the underlying trading here, limited impact from initial closures / restrictions, solid looking financials, fact that some competitors will never reopen and advances in the science IMHO I think there is at least 25% available here in short order so this afternoon have added to my position, now c3.5% of my portfolio.
Loungers share price data is direct from the London Stock Exchange

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