Brighton Pier Share Discussion Threads

[ijamlon] 20/6/2022 09:00

Cenkos: Brighton Pier Group (BPG) has released a trading update, confirming it continues to trade in line with market expectations for FY22E. We have already upgraded our numbers twice this year; the latest of which occurred in March 2022. Given the sharp deterioration in the UK (and global) economic outlook seen since then, with inflation continuing to rise and consumers facing a 'cost of living crisis', we consider the fact that BPG continues to trade in line with expectations as an impressive achievement, which is testament to both the quality of BPG's assets, and to management's ability to successfully navigate industry challenges. BPG also announces that it will be changing its year-end date from June to December. With the group continuing to trade robustly, we reaffirm our Buy rating.

[ijamlon] 20/6/2022 08:08

No cost of living / inflation profit impact at PIER. Trades on a P/E multiple (4.5) that implied there was..."The Group looks forward to announcing a trading update, later in July 2022, for the 52-week period ending 26 June 2022. The Company expects to report that revenue and adjusted EBITDA will be in line with market expectations."

[dancing piranha] 15/6/2022 15:02

Added a few more today....

[ijamlon] 07/6/2022 20:57

I also have 1%. That illiquidity is a source of the very low valuation multiple, which is useful for a patient accumulator. But eventually there will have to be liquidity events, as even Luke Johnson and Soros will want some realisable return one day.

[1tx] 07/6/2022 14:31

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.

[dancing piranha] 07/6/2022 13:35

I'll take that .... I've got stocks on my watch screen over 10% down today!! ;-)

[ijamlon] 07/6/2022 12:00

Midday and the total volume traded is £90 (yes, ninety pounds). That's what I call an illiquid stock!

[dancing piranha] 01/6/2022 16:40

Happy with the rise from low 70's to where we are now, in a few days!

Have a nice Jubilee Hols guys, and lets hope for 100p+ next week.... ;-)

[ijamlon] 01/6/2022 08:43

Big pop today, but the liquidity this morning is so thin even by PIER standards that I wouldn't put too much faith in the screen price

[davidro77] 31/5/2022 20:14

It makes for sensational headlines but the reality is that only a small proportion of flights are affected and just like with house prices as a nation we are obsessed with travel. Memories are short, I bet many affected will moan and say never again but then find themselves booking easyJet or Tui again in the future

[bookbroker] 31/5/2022 09:16

Undoubtedly, that is if consumers can get the airlines to refund their deposits.

[ijamlon] 31/5/2022 08:06

I wonder if these endless horrendous airport and flight chaos headlines will give staycations another boost this year?

[dancing piranha] 30/5/2022 17:16

A great timed buy, well done!

It bounced beautifully once the gap was filled, hopefully now onwards and upwards!!

A positive TU in June/July should see us heading towards £1 again.

[ijamlon] 30/5/2022 16:22

+17% over two trading days. Looks like the seller has sold out. Pleased with my 73 buy.

[dancing piranha] 27/5/2022 14:50

But if it fell 10% on 16 piddly trades you'd be making a big deal of it!! lol

[davidro77] 27/5/2022 14:35

It moved 10% on 16 piddly trades? That's hardly buying pressure?

[dancing piranha] 27/5/2022 13:47

davidro,

No buyers....lol!

[bookbroker] 27/5/2022 10:28

I understand, just poor sentiment on consumer discretionary spending.

[davidro77] 26/5/2022 21:07

How much did they pay for light water valley?Interested to know more about why PE has halved from pre covid to under 5Think conspiracy theories about MMS are nonsense. Just no buyers out there for anything connected to retail or leisure and poor liquidity

[ijamlon] 26/5/2022 16:27

Bought some @ 73. There's an anxious seller out there still giving them away.

[ijamlon] 26/5/2022 12:28

Re cost of living squeeze: this is super anecdotal but I was chatting to a cab driver in Manchester today. His view was it's having no impact at all on leisure activity there: the pubs, restaurants and clubs he drives to are all busier than ever. Blackpool too he thinks. People have built up savings last couple of years and house price strength has left a lot feeling richer. People are fed up of not enjoying themselves since Covid and have a different attitude. Plus it's summer so people are just turning off the heating. If we're still in the same situation in November then who knows but so far things are resilient. Sunak's latest subsidy will help too.

[bookbroker] 25/5/2022 18:52

Hope so, let’s hope gap around fifty pence not filled next, from last summer!

[dancing piranha] 25/5/2022 17:58

The gap is pretty much filled now, just desperate/impatient peeps shuffling money around chasing the rising shares of the day!

[bookbroker] 25/5/2022 17:52

Time the directors came in and bought some stock, show some confidence in this business, that is unless they know something we do not!!!!!