I'd like to see a director purchase or two at this level.
ALbeit, we have fallen on extremely low volume |
If we have good weather this year during the summer months, this will be ok. Starting to get tempted but want to see their current debt position first.
How was the cashflow during the latter (better) period of the busy period?
If you have a direct link to management, why not suggest to start a small buyback program, even a 500.000 program would do miracles. |
Agreed - crazy fall in the shares. I hope you are right about the an imminent recovery |
yeah not ideal but it's the sector as a whole. I've had conversations with their PR company and they share our frustrations with the share price and are confident it will correct in time. theres literally no volume in share trading so I wouldn't read too much into the low price right now in my opinion
it's crazy that this was 120p in 2021 or 2022 |
Touching Covid lows now. |
Last year Newbury Racecourse started a Winter Carnival, but they lost about £1m in the process. They also spent a fortune putting a base in the centre of the racecourse which was not accounted for in those operating losses.
Your right it's all about location but these events are pretty high risk unless your in Hyde Park just look at NR. |
Haha... need him down at the pier |
Prices were insane at WW.
I witnessed a Japanese looking guy spending £280 on one of the carnival games and not winning anything. I walked away after £280 so he probably spent even more! |
and we have a famous landmark so lets use it go up market instead of down |
Pretty depressing. But shows if you have the location you can charge extortionate amounts ... hope you enjoyed your mulled wine :) |
Well for all my calls for modernisation, I have just been to Winter Wonderland in Hyde Park. Pretty ropey timewarp. Hard to point to a single thing that wouldn't have been the same or better in 1980. Prices were insane. Pretty depressing. |
am up for it a few heads are better then one perhaps down in Brighton |
Hi Davidosh, Dartboard, Goldie
Anne is very approachable. I do think a zoom call is a good idea and even suggesting ideas to them. I do believe they run it well but of course fresh ideas are always good.
I do speak to their PR guy quite a bit and he is always helpful.
I do know they are planning to charge a premium admission charge during the busier times. I spoke to them this week and they are charging the £1 admission for the rest of the year and also into the new year except really quiet times. They said theres no point manning it if it's quiet. This will certainly help in the first few months of 2025 comparing it to 2024 so we should get a head start there.
I was told that management are confident of finding solutions to the budget changes and are also frustrated at where the share price is but they are also confident that this will recover and correct over time |
She's got Luke Johnson in her ear. Think that's sufficient ... I'm sure they're on to maximising value from the assets they hold, we just don't see what goes on behind the scenes... |
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. |
They have significant room to increase debt. |
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. |
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 |
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 |
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