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PIER Brighton Pier Group Plc (the)

0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Brighton Pier Group Plc (the) LSE:PIER London Ordinary Share GB00BG49KW66 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 44.50 44.00 45.00 44.50 44.50 44.50 1,106 08:00:06
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Drinking Places (alcoholic) 58.91M 6.37M 0.1709 2.60 16.59M
Brighton Pier Group Plc (the) is listed in the Drinking Places (alcoholic) sector of the London Stock Exchange with ticker PIER. The last closing price for Brighton Pier was 44.50p. Over the last year, Brighton Pier shares have traded in a share price range of 30.80p to 61.00p.

Brighton Pier currently has 37,286,000 shares in issue. The market capitalisation of Brighton Pier is £16.59 million. Brighton Pier has a price to earnings ratio (PE ratio) of 2.60.

Brighton Pier Share Discussion Threads

Showing 301 to 320 of 475 messages
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Cracking results considering the economy
Repayment of 9mln of debt is impressive and given the low market value of equity, makes PIER's Enterprise Value some 20% cheaper, while the EBITDA has jumped. There is some slight weakness in the bars division versus the very strong post covid rebound period. Nevertheless, these numbers leave PIER as perhaps the cheapest company in the market and an absolute banker for a share price doubling whenever the right mechanism for releasing value can be found.
Results out next Monday:-

"Preliminary results for the 78 weeks ended 25 December 2022 will be published on 24 April 2023."

jeff h
I was wondering the exact same. Could just be the random walk of an illiquid share or anticipation of better results following the perhaps over cautious recent guidance. A takeover would be great, and I don't see any other way for the top 5 shareholders to ever exit. That said, it doesn't seem a very favourable time: the commercial property sector is on its knees, there are distressed sales happening left right and centre, M&A deals have evaporated, and the cost of funding a takeover has rocketed (though perhaps this one would be small enough to be all cash). Luke Johnson has a book value on a slug of equity at £1, so I would imagine that would be floor if a bidder did emerge.
Interesting move here, is it as a result of summer trading or maybe bid interest!
Agreed, fabulous tuck away share this one. I've a decent holding here.

very illiquid stock though.

I also have CPC which is another tuck away share. Going great guns at the minute though. Check out the graph of the last 6 months!!!

Sure, this summer will be tough for all leisure, and that is why this company needs to be imaginative and create enjoyable, safe space for families with good value snaffle.
Young Family entertainment is exactly the way LV is going presently;the roller coaster has been closed.The four shareholders who own 76% of the shares here are unlikely to be sellers at this price;in fact Luke Johnson last put in new funding @ £1.There is little appetite for buying small cap leisure shares at the moment.2023 should be profitable,remember most profits are earned in 2nd half,albeit at a lower level than 2021 & 2022.
Frankly, at the current valuation this company is a steal, BP and LV are both good assets, LV just needs to be exploited and be taken in the direction of a great country park with entertainment for all the family rather than thrill seekers.
I see the loss-making Grand Hotel with 200 rooms and 9mln of turnover has just been bought for 60mln; massive further investment will be required. They could have scooped up the profitable, 4mln visitors, 58mln turnover Pier for less than half that.
Noticed that net debt had increased £2m., maybe seasonal but maybe increased investment at LV. The place does need investment.
Brighton Pier Group issued a trading update for the 78 week period to 25 December 2022, following the accounting reference date change from the end of June to the end of December. Overall, the Group performed well, and continues to trade in line with market expectations having ended the 18 month period with a stronger balance sheet. The Group reported total unaudited revenues of £58.9 million (2019: £49.4 million), up 19% on the same pre-COVID 78 week period ending 26 December 2019. The Group has reduced its net debt by 46% from £13.1 million to £7.0 million. Valuation looks very attractive with forward PE ratio at 5.1x, but share price remains in a 12-month correction and lacks momentum. Consumer discretionary spending is also in the firing line of higher interest rates. PIER is a micro-cap worth monitoring for the time being...

...from WealthOracle

Then it would be a good idea to sell, attractive margins will attract a good price!
The golf is highly cash generative. Large margins.
OK, naturally this is a pure leisure company, so they need to up their game. Even if they reduced the company to simply Brighton Pier and LV. might be a good move. Sell the crazy golf and light night bars would be cost effective and defensive. Main earner is BP., and LV. with investment could be interesting.
excellent results -
I will take that statement. Bit better than i thought. 9% up like for like. No nasty surprises.
The fact that "Ultimate" cost £5m to build 30 years or so ago tells you all you need to know about viability of this type of investment!I gather with wild deer around in the park there is a problem with them getting on the track esp if you are using the woodland areas for other activities.Hopefully the facilities elsewhere on the park can be upgraded at a lower cost over the next couple of years which will benefit users & ourselves more.
I have seen them, but LV. was virtually insolvent when Pier bought the lease on the place. To listen to all the reviews would require millions of investment, return it to being a mini Alton Towers, and it is simply not viable.
The build of the Ultimate nearly bankrupted Robert Staveley, the public seem to believe that entertainment parks are simply there for them to indulge themselves. They forget they cost fortunes to operate and maintain. Pier is taking LV in a different direction, it will not be the attraction it once was, but in time it will be viable and will add value.
Making it a park for young families to enjoy and appreciate is a better bet, although seeing the reviews on catering and concessions they had better listen and improve the value, quality and the offering.

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....

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