Brighton Pier Share Discussion Threads

[paleje] 09/1/2023 08:15

Article in IC from Friday suggesting another year of staycations could be on the cards for many in the UK, conflicts with what ABTA and travel industry in general has been saying over the last few weeks. Actual updates from operators would be good.

...This could see holidaymakers swap trips abroad for staycations: the same research found that as foreign tourism became more expensive, domestic tourism saw demand increase. In the absence of a significant “revenge spending” upswing, a weak pound could spell bad news for overseas-focused holiday operators such as Saga (SAGA), On the Beach Group (OTB) and easyJet (EZJ).
But could it at least spell good news for the (surprisingly large) domestic tourism industry? Accommodation and hospitality would stand to benefit from it: according to Office for National Statistics (ONS) ‘tourism ratio’ calculations, 76.5 and 21.2 per cent of the activity in these industries can be attributed solely to tourism....

[bookbroker] 21/10/2022 15:43

Maybe, but the valuation is crazy low against assets. £20mln, sure the leisure industry will suffer due to cost of living situation, so discretionary tough. But this is seasonal, perhaps they should offer lower prices or vouchers for snacks on entry. They have to be imaginative, if any such scheme is these days, but it’s all about footfall!

[dancing piranha] 21/10/2022 15:35

I've finally sold out today sadly, update was far too cautious for me, which means they already know it's gonna be a grim set of next results imo!

Clearly, another company that did well through the pandemic/lockdown, but is now coming back down to earth as normal trading resumes...

[thecroots] 14/10/2022 14:57

lol.

Few nice trades today and no movement. Then someone sells six quids worth and it drops!!!

[dancing piranha] 26/9/2022 14:25

A very honest and cautious update

[goldie40] 26/9/2022 14:14

bookbroker agree wise management honest, not hyping up income in these bad times

[goldie40] 26/9/2022 08:54

most attractions foot fall was down in august due to the very hot weather

[bookbroker] 26/9/2022 08:24

Maybe, let’s face it the assets generate cash, just whether costs can be managed.

[thecroots] 26/9/2022 08:21

To be fair i did think they we would be up more than 1% on the trading statement. Only been in thse since the uodate a couple of months ago and knew theyd be a tuck away share anyway.

[thecroots] 26/9/2022 08:20

Blimey. Thats market over reation. Saying that, the stockmarket is very fragile...

[babbler] 26/9/2022 07:45

Pier haven't done a placing in so many years. A rare one from that perspective. Shame about today's fall but perhaps a little overdone... bad market.

[ijamlon] 26/9/2022 07:20

The disappointment for me is not the long-term outlook, which is anyone's guess, but that summer like-for-like revenues this year were only up 1% despite the better pricing environment they would have had from inflation and the very favourable weather and holidays. This seems to be a deteriorating trend versus comparables from the previous financial year.

[dancing piranha] 23/9/2022 15:44

Good luck for Monday guys!

I'm tempted to turn off my screens till next summer, regardless! lol

[thecroots] 21/9/2022 19:48

Ijamlon

Agreed. Has to more than read across as good.

Liquidity still bad but its a needs- must and not a lot we can do about that. A screaming buy and cant wait for results.

[ijamlon] 21/9/2022 08:56

Check out the very strong results of City Pub Group (beer, food and entertainment in South England). Revenues more than doubled. "Trading across the summer since the half year end has remained positive and following the Govt's announcement of the Energy Price Cap we anticipate that trading will remain resilient for the rest of the year"Strong read across for PIER, which has the added outdoors element benefiting from the very warm summer.

[ijamlon] 14/9/2022 11:30

My prediction will be of a record summer revenue with a strong margin. The weather and holiday conditions have been extremely favourable. Smart operators like PIER have raised prices where they need to or can while managing costs. Inflation has upside as well as downside. Numbers could be quite spectacular. My fear, however, is that the market won't care and we'll continue to languish as one of the cheapest stocks in the UK. With no dividend and no market liquidity, meaning no sizeable capital gain can ever be realised, the whole structure is a big uninvestable question mark which will have to be fixed sooner or later (e.g. acquisition, merger, MBO, dividend, buybacks, etc etc,). Otherwise PIER just remains a financial lobster trap.