Loungers (LGRS)

Sector:

Tourism and Leisure Services

Index:

FTSE AIM All-Share

 210.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 224.50
  • 52 Week Low: 188.50
  • Currency: UK Pounds
  • Shares Issued: 92.50m
  • Volume: 1,174
  • Market Cap: £194.71m
  • RiskGrade: 79

Loungers confident of full-year performance after first half revenue growth

By Iain Gilbert

Date: Wednesday 16 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Bar and restaurant operator Loungers said revenue and like-for-like sales increased in the 24 weeks to October, 6, boosted by its Lounge and Cosy Club brands.
Revenue rose 22% to £79.8m at the AIM-listed group, which opened 10 new sites during the period, as like-for-like sales rose 5.4%.

Lounger's 27th Cosy Club opened in Basingstoke earlier in October and the firm has a further three sites scheduled to open before the end of the month.

The firm added that it was on track to open 25 new sites in the financial year and said its pipeline remained "strong".

Chief executive Nick Collins said: "Both Lounge and Cosy Club have continued to perform well, reflecting the growing appeal of our customer offer in the communities in which we serve. Our broad, value for money proposition across multiple occasions underpins the resilience of our trading and leaves us well placed to continue to outperform the market."

"We remain confident of delivering another year of positive progress for the group and are encouraged by the performance of our new openings."

As of 1100 BST, Loungers shares were untraded at 199.50p.

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

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Loungers Market Data

Currency UK Pounds
Share Price 210.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 224.50
52 Week Low 188.50
Volume 1,174
Shares Issued 92.50m
Market Cap £194.71m
RiskGrade 79

Loungers Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
27.42% above the market average27.42% above the market average27.42% above the market average27.42% above the market average27.42% above the market average
2.86% above the sector average2.86% above the sector average2.86% above the sector average2.86% above the sector average2.86% above the sector average
Price Trend
18.48% below the market average18.48% below the market average18.48% below the market average18.48% below the market average18.48% below the market average
26.03% below the sector average26.03% below the sector average26.03% below the sector average26.03% below the sector average26.03% below the sector average
Income Not Available
Growth
7.76% above the market average7.76% above the market average7.76% above the market average7.76% above the market average7.76% above the market average
1.41% above the sector average1.41% above the sector average1.41% above the sector average1.41% above the sector average1.41% above the sector average

Loungers Dividends

No dividends found

Trades for 09-Dec-2019

Time Volume / Share Price
08:01 895 @ 209.00p
08:00 279 @ 212.75p

Loungers Key Personnel

Chair Alex Reilley
CEO Nick Collins
CFO Gregor Grant

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