Family tenpin bowling
Hollywood Bowl has a strong pipeline of new centres / Image source: Teneo
  • Hollywood Bowl directors sell 300,000 shares
  • Barclays director sells shares after new high
  • Midwich director buys 150,000 shares

Melanie Dickinson, chief people officer at tenpin bowling and mini-golf centre operator, Hollywood Bowl (BOWL) has sold 150,000 shares at 331p for a total value of £497,505 on 24 October.

Dickinson now has 290,276 shares after the sale. Matthew Hart, chief marketing and technology officer, followed suit and sold 150,000 shares at 331p on the same day.

Hart now has 602,171 shares after the sale.

On 21 October the company reported record revenues up 7.2% for the year ending 30 September – with UK total revenue up 3.8% to £199.7 million on full year 2023.

The group expects to report EBITDA (earnings before interest taxation depreciation amortisation) ahead of market expectations and in excess of £65 million.

Over the past year, Hollywood Bowl shares have gained 32%. 

BARCLAYS DIRECTOR SELLS £272,963 SHARES

Brian Gilvany, non-executive director at UK high street bank Barclays (BARC) has sold 109,404 shares at 250p for a total value of £272,963 on 25 October.

Gilvany’s move comes after Barclays’ shares hit their highest level since 2017 on the 24 October after the bank beat estimates with its third-quarter results and raised its full-year net interest income guidance.

Over the past year the company’s shares have gained 81%.

MIDWICH DIRECTOR BUYS 150,000 SHARES

Stephen Fenby, group managing director at global specialist audiovisual  equipment distributor Midwich (MIDW:AIM) has bought 150,000 shares at 273p for a total value of £409,950 on 21 October.

Following this transaction, Fenby and persons closely associated with him have an interest in 17,562,396 ordinary shares, representing 16.85% of the company's share capital.

Fenby’s move follows a disappointing trading update issued by the company on 21 October.

The company said whilst the UK market had stabilised, and performance in the North American region, broader market conditions had not improved as anticipated ‘in particular, Germany.’

‘Given the challenging AV market backdrop, the board now expects full year group revenue to be marginally ahead of the prior year,’ the company added.

Fenby could be taking advantage of a depressed share price, Midwich shares have fallen 36% year-to-date.

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Issue Date: 28 Oct 2024