Brighton Pier Share Discussion Threads

[ijamlon] 20/2/2023 15:55

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.

[bookbroker] 15/2/2023 12:00

Noticed that net debt had increased £2m., maybe seasonal but maybe increased investment at LV. The place does need investment.

[kalai1] 15/2/2023 11:59

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

[bookbroker] 15/2/2023 11:58

Then it would be a good idea to sell, attractive margins will attract a good price!

[thecroots] 15/2/2023 11:57

The golf is highly cash generative. Large margins.

[bookbroker] 15/2/2023 09:40

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.

[tomboyb] 15/2/2023 07:31

excellent results -

[thecroots] 15/2/2023 07:30

I will take that statement. Bit better than i thought. 9% up like for like. No nasty surprises.

[1tx] 16/1/2023 11:12

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.

[bookbroker] 13/1/2023 09:30

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.

[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 16:43

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 16:35

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 15:57

lol.

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

[dancing piranha] 26/9/2022 15:25

A very honest and cautious update

[goldie40] 26/9/2022 15:14

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

[goldie40] 26/9/2022 09:54

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

[bookbroker] 26/9/2022 09:24

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

[thecroots] 26/9/2022 09:21

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 09:20

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