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LGRS Loungers Plc

280.00
4.00 (1.45%)
26 Jul 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 1.45% 280.00 28,331 16:35:23
Bid Price Offer Price High Price Low Price Open Price
270.00 280.00 276.00 275.00 276.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Eating Places 283.51M 6.93M 0.0668 41.17 286.3M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:45 O 3,500 280.00 GBX

Loungers (LGRS) Latest News

Loungers (LGRS) Discussions and Chat

Loungers Forums and Chat

Date Time Title Posts
25/7/202409:52Loungers - all day cafe chain (new issue)94

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Loungers (LGRS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:35:46280.003,5009,800.00O
2024-07-26 15:35:23280.007,54321,120.40UT
2024-07-26 14:47:29276.40177489.23O
2024-07-26 13:20:58275.005,35714,731.75O
2024-07-26 13:04:27275.0072198.00O

Loungers (LGRS) Top Chat Posts

Top Posts
Posted at 26/7/2024 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 276p.
Loungers currently has 103,731,036 shares in issue. The market capitalisation of Loungers is £285,260,349.
Loungers has a price to earnings ratio (PE ratio) of 41.17.
This morning LGRS shares opened at 276p
Posted at 09/7/2024 08:21 by edmonda
"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:
Posted at 04/7/2024 16:28 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 28/6/2024 10:39 by loungeral
M&B have £1b of debt - LGRS have virtually no debt.
Posted at 25/6/2024 18:09 by darrin1471
MAB growth vs LGRS growth?
Posted at 25/6/2024 12:33 by 1choip
Mitchel Butlers market cap is equalled to 70% of yearly turnover. How about lgrs?
Posted at 26/4/2024 10:45 by edmonda
“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:
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.
Loungers share price data is direct from the London Stock Exchange

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