Coronavirus impact: 13 May - Ultimate Stocks proving their worth but others look in peril
Constituents of our Ultimate Stocks portfolio continue to perform well with cash continuing to flow and balance sheets able to support dividend payments. Unfortunately, others covered here aren’t so lucky as their business face a very uncertain future and credit lines are extended
Ten Entertainment: reassures but will customers be happy?Ten-pin bowling group Ten Entertainment (LON:TEG) delivered impressive results for the year to 29 December 2019 and also tried to reassure that it has the desired balance sheet to weather the current crisis. Having opened two new centres in the year and refurbished four others, sales grew 10.2% to £84.1m with reported profit before tax up a similar amount to £11.8m. Free cash flow before investment in the estate was an impressive £17.7m but only £7.3m after significant investment. Net debt at the period end was £12.1m and, having refinanced in the year,…