Ten Entertainment Group (TEG)

Sector:

Tourism and Leisure Services

Index:

FTSE Small Cap

200.00p
   
  • Change Today:
    -12.50p
  • 52 Week High: 334.50
  • 52 Week Low: 117.00
  • Currency: UK Pounds
  • Shares Issued: 68.25m
  • Volume: 93,868
  • Market Cap: £136.50m

Ten Entertainment appoints Graham Blackwell as CEO

By Iain Gilbert

Date: Tuesday 08 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Bowling lanes operator Ten Entertainment named Graham Blackwell as interim chief executive officer on Tuesday, effective immediately.
Ten Entertainment said Blackwell, currently the group's chief operating officer, would replace current CEO Duncan Garrood, who will step down from the board and leave the business, earlier than previously announced.

In terms of recent trading, the London-listed group added that initial trading at its 42 recently reopened sites had been "very encouraging", was building week-on-week and already proving to be cash generative.

Interim chairman Nick Basing said: "I'm delighted that trading has begun so encouragingly. This is a function of the widespread consumer appeal of our offer, the quality of our operating estate and our strong leadership team. Under Graham's direction, I am confident that we will return to our trajectory of growth in sales and profitability."

Analysts at Liberum hailed Blackwell's appointment, arguing that he was the "ideal candidate" and that he would ensure "continuity and consistency across management as [the company's] bowling centres look to return to normal trading".

"We anticipate Ten Entertainment will continue to benefit from its value offer, large sites and family entertainment under one roof, which will support a healthy return in footfall, particularly as we move into autumn," they said.

"The shares are very attractive on CY22E EV/EBITDA 3.4x and PE of 6.1x, and are down c58% since the start of COVID. Further update will be provided at the interim results at the end of September."

As of 0915 BST, Ten Entertainment shares were up 8.13% at 138.13p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

TEG Market Data

Currency UK Pounds
Share Price 200.00p
Change Today -12.50p
% Change -5.88 %
52 Week High 334.50
52 Week Low 117.00
Volume 93,868
Shares Issued 68.25m
Market Cap £136.50m

TEG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
52.24% below the sector average52.24% below the sector average52.24% below the sector average52.24% below the sector average52.24% below the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
31.51% above the sector average31.51% above the sector average31.51% above the sector average31.51% above the sector average31.51% above the sector average
Income
Market averageMarket averageMarket averageMarket averageMarket average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average
Growth
Market averageMarket averageMarket averageMarket averageMarket average
82.35% above the sector average82.35% above the sector average82.35% above the sector average82.35% above the sector average82.35% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

TEG Dividends

  Latest Previous
  Final Interim
Ex-Div n/a 21-Nov-19
Paid n/a 03-Jan-20
Amount 0.000p 3.70p

Trades for 26-Nov-2020

Time Volume / Share Price
16:08 200 @ 201.82p
15:32 2,000 @ 202.00p
15:22 2,000 @ 200.00p
15:08 5,000 @ 200.00p
15:07 763 @ 200.00p

TEG Key Personnel

CFO Antony Smith

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