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Share Name | Share Symbol | Market | Stock Type |
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Brighton Pier Group Plc (the) | PIER | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
---|---|---|---|---|
31.50 | 31.50 | 31.50 | 31.50 | 31.50 |
Industry Sector |
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TRAVEL & LEISURE |
Top Posts |
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Posted at 16/12/2024 15:07 by davidosh It is not good having a portfolio of entertainment sites that all require upgrades. They need to establish what can be sold to provide the necessary capital and increase debt to make a significant improvement. Brighton is a great location but I doubt many people regularly go on the pier for the current offering....It needs to have some modern activities that will attract local regulars and also all the tourist visitors.Standing still is not an option in leisure and entertainment Climbing walls, escape rooms, indoor golf and many more that will be an escape from bad weather too. |
Posted at 16/12/2024 11:42 by bookbroker The pier itself has in the past generated significant cash flow, but upgrading the attraction will require a large amount of capital, and with the investment at LV. starting to build where is the capital required going to come from without borrowing more. Both these attractions need major upgrades. |
Posted at 15/12/2024 11:11 by dartboard1 They need to add leisure assets not sell them off. Problem is the debt covenants as mentioned earlier.I went to Tamworth SnowDome yesterday. Place was packed, that's a money making machine in lead up to Christmas. Skiing, snowboarding, tubing, winter wonderland, pantomimes, indoor climbing, bar restaurant, gym, swimming pool, pay for parking. People are willing to spend, just need the right offering. The pier is a great asset in a prime location. If they put good experiences on it people will pay up. Not something to sell off IMO |
Posted at 15/12/2024 07:31 by muto Without the pier money I'm not sure there would be a company at all. |
Posted at 12/12/2024 07:33 by bookbroker Brighton Pier needs to be sold, the pier itself might be a cash cow, but the money raised would be better spent at L.V. and the golf division. Imagine it will cost some’at soon to sustain. |
Posted at 09/12/2024 08:18 by muto Have you been to the pier lately as it looks very tired and rundown. It appears there has been no investment in new rides for many years. Desperately needs a revamp. |
Posted at 03/12/2024 19:50 by ijamlon Good discussion - growth, some buybacks, a dividend, a strategic acquisition or being acquired. Something needs to shift... The last Anne Ackord update I saw was through an investor relations firm called 'Investor meet company' in 2022 but the link has expired. |
Posted at 03/12/2024 17:20 by thecroots Hi Guys,Some good conversations there.... Thank you. I was speaking to their PR company yesterday. Obviously they couldn't say anything to me that's not in the market domain, but suffice to say the current depressed share price disappointment is also shared by the directors and I was told this is the whole sector as a whole and not just PIER. He also mentioned that the Directors are confident that it can navigate the rise in NI and national minimum wage. In short, they are hopeful - and confident - the share price will correct in time. After the exchange was finished, i personally felt a lot more confident. The main thing is , we need the Government to stop messing with the weather with their cloud seeding programme. Look at when the planes stopped flying and what beautiful weather we had... As an aside, someone has been buying 10k shares every day for the last 3 or 4 days. With a 15k trade also thrown in. Small £ value but large in terms of PIER volume!! Very unusual buying. But of course, pleased with it. I'd rather have a small dividend proposed. Even the mention of say a small dividend in the next financial year would help the share price loads. Becoming a dividend paying stock always attracts. A few director purchases would help too. |
Posted at 30/9/2024 08:23 by ijamlon Even though we knew most of this, it's slightly worse than expectations overall. I think if you run a UK business that can't make profits if it's a bit rainy, then you've got a problem. I feel they complain too much about weather and the economy (neither of which were catastrophic) when really they should be focusing on upgrading a rather tired offering at the pier, which is probably the root cause of over dependence on sunshine. In that light I think the most important statement comes at the end... "We are also actively looking into longer term options that will reduce the Pier's reliance on good weather." Hopefully this will be something transformative (and not just covered walkways!) The fact that the share price has hardly moved on a profit warning also shows you that this is dirt cheap. Nail the transformation and it will be a huge treater. |
Posted at 23/9/2024 17:12 by thecroots Yeah, i get that.However, surely we are due a year of good weather though!!! PIER was 120p just after COVID - and even with poor weather - PIER is a steal at this price. |
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