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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Brighton Pier Group Plc (the) | PIER | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -6.00 | -15.19% | 33.50 | 12:54:48 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 28.00 | 28.00 | 34.00 | 33.50 | 39.50 |
| Industry Sector |
|---|
| TRAVEL & LEISURE |
| Top Posts |
|---|
Posted at 26/7/2024 10:49 by thecroots No worries Muto, i know Johnson still has the Patisserie Valerie badge hanging over him.To be fair, he has invested a lot of money in PIER at around 100p. |
Posted at 26/7/2024 09:56 by ijamlon 29% is a hell of a drop. Even golf which is largely unaffected by weather is slightly down. Bottom line is they need to come up with a new growth engine otherwise we're going to slowly sink under the weight of upkeep costs, debt and unpredictable weather. Maybe it's cabins / glamping at LWV, maybe it's Virtual Reality experiences, maybe some gambling upgrade on the pier, or maybe it's some other form of leisure or food/drink formula that takes advantage of it's real estate and thrill-seeker footfall. But carrying on as is and hoping for perpetual heatwaves won't work.The good news is that the current share price gives a market cap of next to nothing, so this is mostly already in the price as long as they can maintain some positive cash flow. Considerbale upside is possible |
Posted at 26/7/2024 09:51 by muto Having walked alone the pier the other day it is clear Johnson and Co have not reinvested profits made from previous years into new rides. The roller coasters have been there 20+ years. There also seems to be a lot of kiddies rides in place which certainly do not appeal to the teenagers. Overall, the pier looks very run down and needs a complete makeover. |
Posted at 26/7/2024 09:17 by dartboard1 So last year Ebitda was 4.2m. Analyst forecast for 2024 was 5.5m, and now expecting below that (how much below... that's the question).They're very keen to blame the weather, which is plausible... but I wonder if they have stuffed up in bringing in the admission fee and keeping punters off the pier. Hard to tell, but hopefully the CFO is crunching the numbers and listening to members of the public ... Go and open more golf venues !!! |
Posted at 26/7/2024 07:09 by thecroots darn it.at least its only the pier that's down on previously reported. nothing they can do about the weather I guess. we need a really good summer weather now... |
Posted at 23/7/2024 13:16 by thecroots Although the weather hasn't been great , it is better than last year.The weather has been OK for the last 2-3 weeks down south. I am hoping that the Euros and England making the finals may have boosted sales on the pier as they had a big screen showing all the games. I would have thought they would have done the update at the end of July allowing them to capture the dry spell that is forecast for the next 10 days... It would be good if that have closed the gap on last year.... |
Posted at 05/7/2024 09:08 by thecroots Hi Mr Clive,Thought someone was adding then!! Probably like a lot of us here, i bought in for the medium term. PIER is a steal at these pries so we shouldn't concern ourselves too much with these movements. Kirmich, makes sense to add in alignment with the weather. I cannot see the weather being as bad as last year. |
Posted at 05/7/2024 09:07 by thecroots Hi Mr Clive,Thought someone was adding then!! Probably like a lot of us here, i bought in for the medium term. PIER is a steal at these pries so we should concern ourselves too much with these movements. Kirmich, makes sense to add in alignment with the weather. I cannot see the weather being as bad as last year. |
Posted at 04/7/2024 17:19 by thecroots Kirmich,I had this conversation with them last November. Cannot see that happening. I think we would get an offer from Private Equity first. It was private equity owned before. Their answer was that do you think Luke Johnson would accept an offer of say 60p per share when he added funds well over 100p? I have a 3.5% holding now. I may add a few more and the Brighton Pier group website has been updated to show.. You have to think that the CFO isn't getting any younger - none of us are, so i would imagine he will be hanging up his boots in a year or two, maybe longer. But he also has a 3.1% holding - so obviously he would like the share price to be higher than it is now. And of course a place to sell them. Also the CEO bought 10k shares in May. I doubt she would have bought if something was wrong. LWV had a good start to the year being 7% up. I am also hoping we have had a bit of business from the football showing in the bars. I know on the pier that had a big screen showing. Don't forget the £4.9m lease impairment chargeback is going back on this years accounts so that will show as paper profit. I think LWV is the one that will have good comp figures this year as their new dynamic pricing seems to be working good. Just need the weather to be kind.. Cavendish have a 12 month price target of 75p and considering NAV is 61p , the current share price really is a steal in my opinion... |
Posted at 03/4/2024 13:53 by thecroots I live near Brighton and went to the pier twice over the long bank holiday weekend. The weather was great on all 4 days and both days i visited the pier it was absolutely mobbed - as expected with the sun out!!!According to their annual report last year, Last easter weekend was very rainy.... Of course, i don't expect the annual report due at the end of April to be brilliant - they already gave us the heads up on that. I'm in this for the long term. They are hugely cash generative and have a decent balance sheet. I am hoping that they will have offloaded a bar or two and put the cash to better use - ie another indoor golf centre or something. As an aside, IS partners have taken a 3% stake according to the updated shareholder register on the PIER website |
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