Small Cap Value Report (Fri 22 Jan 2021) - TEG, LUCE, CALL
Good morning, it’s Paul here with the SCVR for Friday. Timing - TBC Agenda - Backlog items to start with (written up last night) Ten Entertainment (LON:TEG) - full year trading updateLuceco (LON:LUCE) - FY 12/2020 trading update - strong Q4Cloudcall (LON:CALL) - FY 12/2020 trading update. Ten Entertainment (LON:TEG) 205p - mkt cap £140m Full-Year Trading Update Ten Entertainment Group plc ("TEG" or "the Group"), a leading UK based operator of 46 family entertainment centres, today announces a trading update for the 52 weeks to 27 December 2020. "Strong growth potential, well positioned to take advantage of tailwinds on reopening" Monthly revenues - the table below is very interesting, as it shows performance at the various covid stages in 2020. Key points; It was doing well before covid struck, with strong +LFL performanceFull shutdown in April to July, so zero revenues (but support from furlough amp; business rates relief will have helped)LFL sales negative, and a worsening trend from August to year end, due to social distancing restrictions (only able to operate at 50% capacity) and regional lockdowns, I suppose.