I must agree....with the share price falling 30% in two weeks and 50% since the last update plus 65% since the same time last year you would expect management to issue some sort of comforting guidance to the market or even be the first to be buying up stock |
Great if hundreds pre booked but not good if you have to cancel due to weather or lack of numbers buying tickets. I have a gastro pub and NYE was a complete flop so we lost money as it costs so much more to hire the musicians, DJ and doorman |
pre booked it does not matter lets close it all down if its rains and snow |
Good catch... cheers |
NYE was awful windy weather so I am not so sure the end of the pier would have been the number one destination in Brighton |
Bournemouth Pier is actually owned by the local council and leased to the Operator. |
dartboard closed at5 on new years eve prime night of the year says it all |
Bournemouth Pier charge 1.65, free in winter so similar... but yes, they do seem to have marketing more dialled in. They had New Year's Eve party 115 a head tickets ... Brighton Pier ... closed at 5pm |
Adventure Attractions owns Bournemouth Pier, also Cromer Pier. Private owner. |
davidosh agree with you we need to get switched on with the marketing as you said we have many investors with years of experience in leisure lets get this meeting now ready for the season the share price is telling us it needs sorting out |
Who owns Bournemouth Pier and how come they are well ahead of us in their marketing.
We need AA doing a presentation with Q&A so that we can ask lots of questions as there is a huge knowledgeable base of investors here and just one good idea can make a difference so it is two way if she listens. |
 I think they are looking at increasing admission prices for peak times. Personally they should increase it to say £2 with a concession for families. The £1 was only really a trial price. They could even charge more with a "money off" voucher for food/drink. Of course, buying a wristband should include free entry. Personally, they should start charging for residents in 2026 with a reduced amount. It's too expensive nowadays to run free attractions. If they charge more, then they should really invest some of it back into upgrading the pier itself.
It's too expensive for places like this NOT to charge now. Times have changed. This includes all piers and similar attractions. You cant provide free toilets anymore or free walkways on old structures.
Agreed Goldie, other than more golf sites, we don't need any more investments right now.
They are progressing in generating sales by extra pier events and extending the season at LWV which i only knew about reading the EDISON note (Available on the BPG main website). The extended season at LWV will help a bit.
I don't think weather proofing the weather is gong to help much in my opinion.
Bournemouth Pier have good events on. The next one is sold out which includes a 3 course meal. One thing they could do is a zip line like Bournemouth Pier. Be interesting to see if thats worthwhile.
Most importantly, we just need a normal year of weather for a good Like for like comp. |
do not need to invest more just make your assets earn more i.e. putting up prices .for example put pier admission up to a fiver but give away £10 of free vouchers with entrance but real value at £3 some rides free also goes on machines free gift etc easy to do, belive Bournemouth pier charge £3 go upmarket not down be brave just look at theatre tickets now for a clue wake up marketing people .have been the entertainment business for over 50 years so know a liitle bit by now |
Hi Dartboard.
thanks for the notes.
the new rcf reduces interst down to 0.7m which will help a bit.
With the golf, yes very little cost of sales expenses. which is why they can and should do discounting. its not like an extra non paying golfer costs them any extra. a Bogof golf player is way easier to do than a bogof meal
I'm praying for good weather. that's all they need for decent results.
the admissions charging for the full year will help with comp figures.
Hoping interest rates come down too.. |
Hi Croots. Take your points, except to say that GP is irrelevant. They put very few costs into cost of sales. For golf showing 99% of GP indicates barely nothing is showing in direct costs. Couple of hundred golf balls and ice creams. Still the best performing division but 2.8m EBITDA for golf reduces to 1.7m after taking out lease costs (rent).Focus on free cash flow. Even EBITDA is not a great measure, last year the group made 4.2m EBITDA. Then take out lease costs of 2.5m and interest costs of 0.9m. Doesn't leave you with much to invest in the business. Probably why (as you mentioned before) ceo is planning on bringing in a 3rd party to do the LWV pods, rather than building themselves. They don't have the spare cash |
Banking covenants last report required EBITDA of above 1.5m and cash holdings of 3.5m.Interims showed 6 month EBITDA of 0.4m and cash holding of 3.7m.Not sure what requirements are for this period, but cutting it fine here.Think they should be ok with the other covenant tests, but these are key. If they're close to breach then they'll hold back on any capex projects until more cash hits the bank. Operating cash flow will be 1.2m better this year due to no income tax payable (one benefit of making a loss). |
hi Muto, please enlighten all of us. Would be appreciated. Thanks |
I sold Pier a few months ago and switched to Everyman. Hopefully they will recover my small loss. |
Thankfully not Croots, I had just a few thousand shares, sold at the bottom likely, but so few stock left in anything nowadays, somewhat lost as where any true value lies, with the short-term mentality that exists these days. But I could be seen as somewhat hypocritical, as small bets the deal for me these days. |
Hi Muto,
I'm lost - please enlighten me
Private message me if you like |
thecroots
I think you need to dig a little deeper into the pier activities. |
Looks like this needs winding up now |
I understand, having held these for a long time I’m afraid I quit y’day. Maybe the bottom, and maybe a gap to fill at these low levels, but until a statement is forthcoming I just do not see the point in holding on, what with the darl clouds around! |
Bookbroker,
It's the whole Retail and Leisure sector thats COMPLETELY out of favour at the minute. Greggs , M&S etc are getting pounded other with loads of other stuff- its not just PIER.
MM's don't want to hold stock and yesterday there was no buyers. At least today we have some buying interest.
I looked at the graph this morning and we are pretty much at the same levels as early 2021. Within 12 months it went to 125p. Im not saying thats going to happen but this share is so illiquid any rise/fall is amplified. We have fallen on miniscule volume.
We might get some normaility when the bond market issue settles down. Who knows.
I really don't know why anyone would sell out at this depressed level. |
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