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LGRS Loungers Plc

282.00
1.00 (0.36%)
Last Updated: 08:00:03
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.00 0.36% 282.00 280.00 284.00 283.00 282.00 283.00 20,898 08:00:03
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Eating Places 283.51M 6.93M 0.0668 42.22 291.48M
Loungers Plc is listed in the Eating Places sector of the London Stock Exchange with ticker LGRS. The last closing price for Loungers was 281p. Over the last year, Loungers shares have traded in a share price range of 182.00p to 293.00p.

Loungers currently has 103,731,036 shares in issue. The market capitalisation of Loungers is £291.48 million. Loungers has a price to earnings ratio (PE ratio) of 42.22.

Loungers Share Discussion Threads

Showing 76 to 99 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
18/7/2024
09:30
Your last comment re: this going to 260 soon has mysteriously disappeared.
shbgetreal
10/7/2024
12:35
6 x ebitda = 360m cc
1choip
10/7/2024
09:13
Why pay a dividend when they are clearly on a roll-out?
shbgetreal
09/7/2024
08:26
Net debt gone up and without dividend
1choip
09/7/2024
08:21
"All-day strategy success, with more to come"

Loungers’ FY24 results illustrate the strength of its all-day café-bar model with record FY24 revenues increasing 25% to £353m and Adj. EBITDA (pre-opening costs) rising 26% to £59.6m, 1% ahead of our, and consensus, estimates. The group’s growth strategy is on track with continued food innovation, 36 new sites (and some record-breaking sales) and an expanded regional management structure. Meanwhile, whilst we make no significant changes to our recently upgraded forecasts, current trading of 5% LFL sales growth in the last 11 weeks and seven new Lounge openings, is very encouraging.

We initiated on Loungers earlier this year, detailing why its profitable model and self-funded growth was undervalued (see “Loungers: Delivering self-funded growth “all day” long”). The 257-site group still has huge scope to grow towards its ambition of over 650 sites, driving 14% CAGR in Revenues, 15% CAGR in Adj. EBITDA and 21% CAGR in Adj. EPS FY24-FY27E. Whilst Loungers’ share price has rallied 35% since March, we believe this high growth is not reflected in the group’s valuation.

We reiterate our Fair Value of 370p (8.0x our calendar 2025 EV/Adj. EBITDA).

Link to research report:

edmonda
05/7/2024
08:39
Another £487k buy!
1choip
04/7/2024
16:28
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:

edmonda
04/7/2024
08:31
Did someone buy 500k shares at 11.59 yesterday?
1choip
03/7/2024
07:31
Next rns due on 9 July.
1choip
28/6/2024
10:39
M&B have £1b of debt - LGRS have virtually no debt.
loungeral
25/6/2024
18:09
MAB growth vs LGRS growth?
darrin1471
25/6/2024
12:33
Mitchel Butlers market cap is equalled to 70% of yearly turnover. How about lgrs?
1choip
18/6/2024
08:33
Currently valued at 6.7x ebitda. It's too much.
1choip
04/6/2024
11:53
Slip back to 2.6?
1choip
26/4/2024
10:45
“All day” success, all year round (FY Trading Update)

Loungers has announced record FY24 Sales of £353.5m, up 24.7% and 22.2% excluding the 53rd week. This exceptional performance was 2.7% ahead of our estimate as FY24 LFL sales growth of 7.5% was maintained into the final 21 weeks, outperforming the industry again. Even more impressively, FY23/FY24 new sites contributed c.15% to revenue growth as Loungers’ unique all-day café-bar model continues to attract new customers nationwide, ranging from coastal towns to mixed use retail / leisure schemes. Sales leverage and easing inflation has led to FY24E Adj. EBITDA ahead of expectations and we raise our FY24 Adj. EBITDA by c.3% to £43.5m (IAS 17 metric).

We recently initiated on Loungers detailing why its profitable model and self-funded growth was undervalued. The 257-site group still has huge scope to grow towards its ambition of over 650 sites, driving 17% CAGR in Revenues, 19% CAGR in Adj. EBITDA and 23% CAGR in Adj. EPS FY23-FY26E.

Whilst Loungers’ share price has rallied 10% in the past month, we maintain our view that this high growth is not reflected in the group’s valuation. We raise our Fair Value to 370p, based on 8.0x our new calendar 2025 EV/Adj. EBITDA.

Link to report:

edmonda
27/3/2024
16:47
Delivering self-funded growth “all day” long - Initiation

Loungers is an award winning, uniquely positioned all day café-bar group that has grown revenues an impressive 22.5% CAGR FY16-FY23. Comprising of Lounges, Cosy Club and Brightside, the 257-site group still has huge scope to grow towards its conservative ambition of over 650 sites.

Loungers is profitable with improving margins and we forecast will generate over £100m free cashflow (pre-expansion capex) FY24E-FY26E. This, we estimate, will fully fund c.100 new site openings over the next three years driving 16% CAGR in Revenues, 18% CAGR in Adj. EBITDA and 20% CAGR in Adj. EPS FY23-FY26E.

This high growth is not reflected in the group’s valuation, in our view. We initiate coverage with a Fair Value of 360p, based on 8.0x cal 2025 EV/Adj. EBITDA.

Link to research note:

edmonda
25/3/2024
14:41
Nice little puff piece in The Sunday Times.
alphabeta4
07/3/2024
11:44
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.
1c3479z
07/12/2023
11:38
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.

melloteam
24/11/2023
10:22
Hope there are no surprises!
crumppot
24/11/2023
10:00
Formal half year results will due on next Monday
1choip
21/11/2023
12:39
Where is tr1 buy?
1choip
21/11/2023
11:36
What's going on? Price moving out of nowhere.
alphabeta4
13/10/2023
17:17
market quite unforgiving: came out with a decent report today, restaurant group taken over yesterday yet the price ended marginally lower.
1c3479z
Chat Pages: 4  3  2  1

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