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LGRS

Loungers Plc

191.50
0.00 (0.0%)
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
  0.00 0.0% 191.50 31,434 07:46:38
Bid Price Offer Price High Price Low Price Open Price
190.00 193.00 191.50 191.50 191.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Eating Places 237.29 17.88 17.40 11.26 197.83
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:00 O 259 193.00 GBX

Loungers (LGRS) Latest News

Loungers (LGRS) Discussions and Chat

Loungers Forums and Chat

Date Time Title Posts
25/4/202313:21Loungers - all day cafe chain (new issue)67

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Loungers (LGRS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:35:01193.00259499.87O
15:33:03190.006,66812,669.20O
13:53:30190.091,4672,788.62O
10:40:29190.091528.51O
08:36:01192.00460883.20O

Loungers (LGRS) Top Chat Posts

Top Posts
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 cafĂ©/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: Https://www.piworld.co.uk/2021/05/28/piworld-interview-ken-wottons-investing-principles/

Or listen to the podcast here: Https://piworld.podbean.com/e/piworld-interview-ken-wottons-investing-principles/

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.

Posted at 27/10/2020 20:17 by thewheeliedealer
Hi all,

My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast a few days ago and part of our discussion includes LGRS. We also chatted about loads of other Stocks and Ideas for research, and the outlook for Markets and as usual a fair bit of educational stuff with regards to Investing which this week included the concept of ‘Badwill’ and a lot on how we seek out ‘under the radar’ stocks.

Anyway, if you use Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 34) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful,

Cheers, WD
@wheeliedealer

hTTps://soundcloud.com/user-479955511/conkers3-wheeliedealer-34-how-to-find-winning-stocks-ixi-g4m-rmg-sdi-rec-elix-gsk-ai

Posted at 26/5/2020 09:13 by zztop
Still less than half price...dive in chaps
Posted at 23/4/2020 14:07 by deduce101
"Combined with its existing cash and loan facilities, the company said it will have funds of around £31mln, which it estimated was enough to maintain the business for around 46 weeks of closure.

In a note on Thursday, analysts at the company’s house broker Peel Hunt retained their ‘buy’ rating and 200p price target on the stock, saying they believed Loungers “ should emerge from the [coronavirus] crisis in a position to resume its leadership…of the licensed retail sector”.

hxxps://www.proactiveinvestors.co.uk/companies/news/917949/loungers-raises-83mln-in-premium-placing-to-defend-against-pandemic-disruption-917949.html

Posted at 19/4/2020 16:03 by zztop
Time to buy less than half price
Loungers share price data is direct from the London Stock Exchange
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