Loungers (LGRS)

Sector:

Tourism and Leisure Services

Index:

FTSE AIM 100

279.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 286.00
  • 52 Week Low: 182.50
  • Currency: UK Pounds
  • Shares Issued: 103.83m
  • Volume: 8,860
  • Market Cap: £289.68m
  • RiskGrade: 184

Loungers opens 250th site in Rochdale

By Josh White

Date: Monday 29 Jan 2024

LONDON (ShareCast) - (Sharecast News) - Hospitality operator Loungers announced the opening of its 250th site on Monday, with the Pionero Lounge in Rochdale being described as a milestone as it continued its expansion across the UK.
The AIM-traded firm said that, following its interim results on 28 November, it had launched new 'Lounges' in a number locations, including the Coltello Lounge in Cramlington, the Arturo Lounge in Penrith, the Costero Lounge in Paignton, the Consurio Lounge in Caerphilly, and the Centivo Lounge in Ashby-de-la-Zouch.

Additionally, several upcoming openings were scheduled in the coming months, including in Bromsgrove, Chepstow, Westwood Cross, Macclesfield, Bracknell, Ilkley, Sidcup and Yeovil.

The board said the sites ranged from brand-new developments to repurposed spaces.

Loungers recently said it believed there was potential for at least 600 Lounges across the UK, with plans to open 34 new sites in the current financial year.

In addition to the Lounge brand, the group manages the Cosy Club and Brightside brands, which currently have 36 and three sites, respectively.

"The opening of our 250th site is a hugely satisfying landmark for a business that started in 2002 in Bristol with a single cafe-bar called the Lounge," said chairman and co-founder Alex Reilley.

"A lot has changed since then but our commitment to providing our customers with excellent food and drink all day, while doing everything that we can to make a positive impact on the local community, has never wavered.

"In many ways, it feels like we are only just getting started and there is so much more for us to go after."

Reilley said the company was on track to open 34 sites in the current financial year, which would be a company record and would involve the creation of over 1,000 new jobs.

"In the longer term, we believe there is scope for over 600 Lounges alone across the UK."

At 1132 GMT, shares in Loungers were up 0.18% at 221.4p.

Reporting by Josh White for Sharecast.com.

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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 279.00p
Change Today -1.00p
% Change -0.36 %
52 Week High 286.00
52 Week Low 182.50
Volume 8,860
Shares Issued 103.83m
Market Cap £289.68m
RiskGrade 184

Loungers Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.65% below the market average77.65% below the market average77.65% below the market average77.65% below the market average77.65% below the market average
76.92% below the sector average76.92% below the sector average76.92% below the sector average76.92% below the sector average76.92% below the sector average
Price Trend
85.92% above the market average85.92% above the market average85.92% above the market average85.92% above the market average85.92% above the market average
92.73% above the sector average92.73% above the sector average92.73% above the sector average92.73% above the sector average92.73% above the sector average
Income Not Available
Growth
11.61% above the market average11.61% above the market average11.61% above the market average11.61% above the market average11.61% above the market average
49.02% below the sector average49.02% below the sector average49.02% below the sector average49.02% below the sector average49.02% below the sector average

Loungers Dividends

No dividends found

Trades for 23-Jul-2024

Time Volume / Share Price
09:59 42 @ 276.00p
09:00 1,200 @ 270.00p
09:00 1,200 @ 270.00p
08:21 1,708 @ 276.00p
08:21 460 @ 276.00p

Loungers Key Personnel

CEO Nick Collins
CFO Stephen Marshall

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