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PIER Brighton Pier Group Plc (the)

45.00
0.50 (1.12%)
17 May 2024 - Closed
Delayed by 15 minutes
Brighton Pier Investors - PIER

Brighton Pier Investors - PIER

Share Name Share Symbol Market Stock Type
Brighton Pier Group Plc (the) PIER London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.50 1.12% 45.00 08:08:05
Open Price Low Price High Price Close Price Previous Close
44.50 44.50 45.00 45.00 44.50
more quote information »
Industry Sector
TRAVEL & LEISURE

Top Investor Posts

Top Posts
Posted at 09/5/2024 13:07 by ijamlon
Thanks Croots, last word on VR then I promise to shut up about it! I know an investor in a London franchise of a VR experience called Sandbox and apparently they are generating £400k of free cash flow per month from it! I was wondering if something similar could folded into some golf sites https://sandboxvr.com/london/
Posted at 04/1/2024 13:18 by ijamlon
Well done Brighton Pier investors, patience and nerve pays! You have now made a gain of roughly 100% in just 1 month!
Posted at 20/11/2023 20:28 by ijamlon
Another missing piece is making this stock investable for slightly larger investors. The current liquidity with its tiny market cap and most of those shares locked away, has left it a very retail affair. Most days it's a few hundred quids worth traded here and there. There's nothing wrong with us retail investors, but we'll never be able to give it a proper re-rating.
Posted at 07/6/2022 14:31 by 1tx
PIER is thinly traded because about 76% is held by four long term holders. Chairman Luke Johnson,London property investor Harvey Bard;these two holding a little under 30% each,Soros Fund Management around 15% & finance director John Smith just over 3%.Other directors own or have options over around 1% or so.I think John Smith may also hold an additional 3% in his pension investment company.
Posted at 09/5/2022 14:42 by 1tx
Ijamion comments about the improved business has had a material influence on share performance is correct;however the other reason for the share price collapse pre covid was due to the "guilt by (indirect) association with failed Patisserie Valerie"!Although PIER has absolutely no financial connection we shared a chairman/major investor and our shareprice fell.I bought my shareholding here at about half present price during the sell off.I should point out that our chairman Luke Johnson had no prior knowledge or involvement of the fraud that happened at PV.
Posted at 01/3/2022 13:30 by 1tx
For those that missed PIERs last weeks investor presentation a recording is now available on Investor Meet Company website.www.investormeetcompany.com runs for about an hour;trading seems to be going well in all divisions.
Posted at 27/2/2022 16:48 by ijamlon
Ok my mistake. I thought the CFO said in the investor presentation something about numbers on the 28th, but probably I misunderstood.
Posted at 09/10/2021 17:58 by 1tx
With the majority of shares being owned by Luke Johnson,Harvey Bard & (George) Soros Fund Management a low ball offer is unlikely to be accepted!From memory Johnsons last share subscription was @ £1 & when the Pier was injected into then Eclectic Bars Group as this company was then called subscribed at about the present price along with others.The initial fall in price of these shares (pre Covid) was caused by the indirect connection via Johnson to Patisserie Valerie rather than trading problems & they had not really recovered when Covid struck.Private investors are the main customers for the remaining 25% of the shares and prospect of dividends,even modest ones,sparks interest in the shares & hence a higher price.
Posted at 09/10/2021 14:27 by ijamlon
Hi. Yes it's great trading statement. Reinvest cash flow and grow would also be good. My point is they will struggle to ever get the share price to a decent multiple of profits as things are, because current liquidity makes it near impossible for anyone other than small retail investors to get out of a position (or to get in for that matter). Most investors want the possibility of eventual exits, especially in the absence of yield. Even the most long-term types that invest in Private Equity want all their cash back after about 5 to 7 years. And that's probably why the current forward p/e is about 5x, instead of 18x for its peer group. If like me they want the share to re-rate to well above £1, where it deserves to be, they have to find a way to make it investable.
Posted at 08/10/2021 10:50 by 1tx
Excellent trading update.The total £5m covid insurance payout on the golf & bar divisions has been a huge bonus,very few businesses have found their insurance gave any cover.I had thought that the mini golf side might have a slow recovery because of being located mainly in shopping centres but pleased that this has not been the case.With only 25% of shares in "public hands" this is an illiquid share and may have limited appeal to many investors but providing the leisure economy is allowed to remain open we should continue to progress & eventually see a further uplift in shareprice.Perhaps after next year,assuming continued growth & recovery, a dividend payment would help....

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