XP Factory (XPF)

Sector:

Tourism and Leisure Services

Index:

FTSE AIM All-Share

 14.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 21.00p
  • 52 Week Low: 13.98p
  • Currency: UK Pounds
  • Shares Issued: 174.56m
  • Volume: 6,750,158
  • Market Cap: £25.31m

Escape Hunt upbeat on outlook, agrees acquisition of French franchise

By Josh White

Date: Friday 26 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Escape room experience operator Escape Hunt has exchanged contracts to acquire its French master franchise partner BGP Escape, it announced on Friday.

The AIM-traded firm said the acquisition was expected to complete on or before 15 March, with the terms of the deal the materially the same as it announced on 22 January.

Looking at its trading, it said it saw a "modest" improvement in its group adjusted EBITDA loss in the 2020 financial year, despite Covid-19 restrictions on trade.

The board said "significant" progress was made in all aspects of its strategy, as its owner-operated estate expanded by 89% from nine to 17 venues, with four new builds, one in progress and three acquisitions.

A digital and play-at-home product range was launched amid the Covid-19 pandemic, with further progress reported in the United States.

Escape Hunt said the "encouraging" levels of consumer demand between lockdowns gave it cause for cautious optimism on the full reopening of UK owner-operated sites.

Cash balances as at 31 January stood at £3.95m.

"Whilst the continuation of lockdown restrictions means that it is difficult to plan for the months ahead, the pace at which the vaccination programme is being rolled out in the UK and the recent government announcement outlining a route towards re-opening the economy gives reason for a more positive outlook than the company was faced with only a few weeks ago," the Escape Hunt board said in its statement.

"Evidence on reopening after the 2020 spring and summer lockdown was very encouraging and, as a result, the board is confident that both consumer and corporate demand will return strongly when the restrictions currently in place are lifted.

"At the same time, property market conditions in the UK are increasingly favourable for those seeking to take on new space and the board is therefore actively looking at ways in which the company can capitalise on the opportunity and build on the platform to cater for the growing demand for experiential leisure activities and engagement."

At 1209 GMT, shares in Escape Hunt were down 0.62% at 24.05p.

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XP Factory Market Data

Currency UK Pounds
Share Price 14.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 21.00p
52 Week Low 13.98p
Volume 6,750,158
Shares Issued 174.56m
Market Cap £25.31m

XP Factory Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.33% below the market average67.33% below the market average67.33% below the market average67.33% below the market average67.33% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
53.49% below the market average53.49% below the market average53.49% below the market average53.49% below the market average53.49% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average
Income Not Available
Growth
59.60% above the market average59.60% above the market average59.60% above the market average59.60% above the market average59.60% above the market average
65.38% above the sector average65.38% above the sector average65.38% above the sector average65.38% above the sector average65.38% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
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XP Factory Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:06 7,583 @ 14.06p
15:48 8,181 @ 14.05p
15:40 763 @ 14.00p
15:40 3,097 @ 14.00p
15:40 33 @ 15.00p

XP Factory Key Personnel

CEO Richard Harpham
CFO Graham Bird

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