Without the pier money I'm not sure there would be a company at all. |
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. |
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. |
Hi Kirmich,
Agreed - the group is highly cash generative. We just need OK ish weather in 2025 |
Strange discussion.
As long as i can remember the UK is associated with bad weather. So, not that strange to have a bad summer. Bad weather not only restricted to Uk this year.
If they will do ok during a bad summer, this will be over time a reasonable investment, as they are capable of generating impressive cashflows with good weather during the summer months |
I'm not sure either way to be honest.
Theres lots of videos out there showing it being done both with wide bodied jets and smaller prop planes.
Weather certainly being manipulated in my opinion |
Are you saying that all the regular commercial aircraft in the UK are secretly leaving a cloud seeding chemtrail behind them to make the UK more rainy? |
No links are needed to see whats going on with the skies!
I'm 51 and can remember planes as a kid leaving just a small contrail that disappeared pretty quickly. Surely you would have seen the trails in the sky now?
People say its global warming and it's because the temperature has risen by 1 degree and thats why we see longer contrails that linger. People forget the upper atmosphere is between -40c and -70c so a rise of 1 degree isn't going to make any difference at all.
Google HAARP programme. If you want to see a HAARP station for yourself - pop down to Somerset. Continuing on from Sparkford services heading west on the A303, about 2 miles on the left , right by the road, you will see it. You cannot miss it, its the size of 2 or 3 football pitches!!!
I dont have a picture of the site itself but have passed it millions of times. A link below shows exactly what a HAARP station looks like which is identical to the one in Somerset. Its there to see in somerset!!! |
Oh great there's another.Not sure what to do with these links hazl... they seem to show there's no cloud seeding in the Uk, not that it is taking place.Is the hypothesis that our poor prolonged wet winters are due to a mass scale cloud seeding program.Sure cloud seeding happens in uae, Israel and China where there's drought and no rain, but surely the Uk doesn't need any help where rain is concerned. |
Thanks Hazl....
Hope you are well my friend..... |
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. |
For you dartboard.
For transparency I do not hold here but I wish you well especially the croots. |
lol... cloud seeding. What you been smoking Crootes |
 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. |
Ijamlon3 Dec '24 - 09:12 - 514 of 518
Yes a growth plan could help too. We used to get very good online updates and Q&A from Anne Ackord giving more detail on the gameplan, but this has tapered off.
Can you give me a link to one of those....I have been trying to get them to do a presentation without any luck |
Ok. Thanks for your reply. If those are the covenants, then they can’t do much anyway. And agreed, they should not be buying back shares above intrinsic value. |
Not sure there's enough liquidity to get a decent size buyback in place. They'd push the price up almost immediately. And then be buying them at fair value and above before any material reduction in share count. Grow the business and let the market run the price up once it's clear it's a growing business. What's the boards strategy. Something like ... to be a consolidator of leisure assets. Haven't seen any consolidating going on for some time. Maybe due to the covenants. |
It could be they're restricted from doing either growth or buybacks with the debt covenants. One of which is quite restrictive. to have cash availability of 3.5m. They had 3.7m in June this year. |
Dartboard,
Why would you prefer them to spend money expanding, even at - let’s say - a prospective RoE of 20%, when they can basically buy 10 pound notes for 5 pounds by buying back shares? |
Yes a growth plan could help too. We used to get very good online updates and Q&A from Anne Ackord giving more detail on the gameplan, but this has tapered off. |
Yes true. I just don't see the current listed status as sustainable at this low market cap, and with 3 investors holding two thirds. What's the purpose? There is no secondary market, any trade bigger than a few hundred pounds moves the price. They can't raise new capital through the listing. It just creates burden and negative feedback loops. From a minority shareholder perspective this is a worse situation than being owned by private equity, where at least there would be an exit and capital return timetable. Something structural is going to have to happen before the end of next year. So far Soros and Hackney have been dormant but they will have their own objectives and fiduciary duties and can't get stuck in a dead money lobster trap indefinitely. |
Would prefer they use spare cash to build these clamping pods, refurb golf venues, or buy new leaseholds for golf venues, or new games/rides... once there's no further options like this and still more cash then yes. |
Agreed. But they will argue it will decrease the - already low - free float, which is a very weak argument. |
Considering the very low value and liquidity of the stock now, I think it is time to start putting a much bigger chunk of the net cashflow into buybacks (including some open market, not just direct block trades). It would be highly accretive to earnings, likely very supportive to the share price, and give a break to patient minority investors. If operating performance normalises, they could probably buy back a third of the company over 3 years at this price, which translates into about 50% eps growth. |
Thanks for the reply. I hope you are right on that. It’s been a long time since they opened one! |
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