Ten Entertainment Share Discussion Threads

[bigdazzlerreturns] 12/2/2021 13:33

Well I’ve sold out in the last couple of days. Momentum on daily looks a bit ropey to me.

Feel my money is currently best placed elsewhere. Still a great time and an increase of 62% for me. Think this will do well on the longer time frame so I from a selfish point of view hope there is a nice dip in price which makes this attractive for me again.

[diesel] 06/2/2021 13:58

Very quiet on this thread.
Recently bought in with the prospect of the relaxation of lockdown sometime in the spring, I believe when allowed, there will be huge demand for social activities.

[thomasearnshaw] 14/12/2020 20:30

Pubs and restaurants in tier three must close except for takeaway and delivery.

Also under the rules, sports fans cannot attend events in stadiums, and indoor entertainment venues - such as theatres, bowling alleys and cinemas - must remain shut.

[its the oxman] 03/12/2020 11:12

Up again, push through 225p resistance could be next.

[its the oxman] 17/11/2020 17:14

Sold a few 202p , but more to come here.

[sphere25] 23/10/2020 10:13

Price just about clinging to recent lows. Interesting to see Slater adding here and another 403k block just gone through. Slater adding again?

Spread and illiquidity makes it very difficult to trade this one, but Slater clearly has a reputation of being the smart money so maybe a sign the price represents longer term value, even if it has a horrible chart.

[its the oxman] 08/10/2020 09:44

When any semblance of normality returns , big gains to be had here. That's my hope. Nothing but bad news baked into the current price.

[paraguay] 07/10/2020 16:30

And now bowling alleys in Scotland to close for 2 weeks.

[paraguay] 04/10/2020 21:11

I think these will take downward turn am. On back of cineworld news on closure of sites. In many cases they share same entertainment space. Reduced footfall. But on the flip side - if you can't go to cinema take the rug rats to bowling instead. Thoughts for AM - up or down?

[loganair] 23/9/2020 15:14

CityAM - Why it’s interesting:

The coronavirus crisis wiped out a strong start to the year for Ten Entertainment, when like-for-like sales grew 9.6 per cent prior to the PM’s announcement of a national lockdown.

The group cited “very significant disruption” during the coronavirus crisis after it was forced to shutter all 46 of its sites across the UK.

However, the bowling alley managed to bolster its financial position by rolling out a strict cost-cutting regime which reduced cash burn by 70 per cent over the six-month period.

It also secured £4.9m of equity funding from shareholders within a week of the start of lockdown, providing the group with long-term resilience.

Ten Entertainment said it has “recovered quickly from lockdown as restrictions were eased”, with all 46 of its bowling alleys around the country now open.

The group now has its eyes set further afield, after it last week opened up a new site in Manchester, with further estate expansion under review.

Ten Entertainment has now returned to profit and cash generation despite operating just half of its usual capacity with social distancing measures in place.

[texaspete2] 23/9/2020 10:03

There was a recent Moneyweek podcast interviewing Mark Slater whose fund holds both TEG and Hollywood Bowl. His view is there is the potential to double their investment here in the next 3 to 5 years. With winter approaching and lockdown I can see bowling as a good option for families. TEG's other facilities like lazer games I guess won't be running though.

[brucie5] 23/9/2020 09:10

Waiting to read Paul Scott's review on TEG this morning. It's a great business, but with the second lockdown/rule of three I can't see how this can prosper over the next six month. Nevertheless, bullish statement of intent, and seems to be forming a base here.

[loganair] 22/9/2020 17:07

TEG Positives:

1. Unlike many leisure industries TEG is very low labour intensity.

2. At 50% capacity, TEG only losses 20% of its revenue.

[loganair] 22/9/2020 14:10

21 September 2020 - Fidelity Management & Research Company LLC 5.45% to 10.00%.

[podgyted] 08/9/2020 09:35

Included in today's CEO appt RNS:-

"The Group is pleased to have successfully re-opened 42 of its family entertainment centres. Three sites remain in local lockdown, and these are ready to open when local regulations allow. Initial trading has been very encouraging and is building week on week, proving to be cash generative already."

[rolo7] 13/8/2020 23:27

When kids go back to school

[baddeal] 13/8/2020 23:22

Will the doors finally open?

[baddeal] 26/6/2020 14:04

I suspect ceo has decided his options won't be in the money for some time and has found somewhere to get a rebased equity package. There are always a lot of changes at cfo/ceo that go on at times likes these.Teg is unfortunately a great business ruined by Covid. Suspect if it can't open the doors soon then they may be staying permanently shut. Probably depends whether or not landlords have yielded anything on lease discussions.

[shares9876] 26/6/2020 11:49

CEO going after less than 2 years, and relatively close to the equity raise. That’s annoying but does it mean somethings wrong?

[rolo7] 23/6/2020 16:30

Not opening 4th July then? best give money back on orders taken!?

[qvg] 23/3/2020 10:07

i thought a reassuring RNS. dipped my toe in a bit further

[johndoe23] 17/3/2020 12:11

BOWL collapsing!

[podgyted] 17/3/2020 11:40

First time this has been more highly rated than Holywood Bowl.