Brighton Pier Share Discussion Threads

[thecroots] 29/12/2023 10:01

Blimey. People paying 55p now when touch price is 52p

[thecroots] 28/12/2023 13:03

Its still perky here...

[dartboard1] 21/12/2023 23:06

I think the directors have bigger growth plans than selling it for 60p.

[thecroots] 21/12/2023 18:38

Yeah, even i think i would vote against a takeover at say a 30% premium of todays price

[ijamlon] 20/12/2023 05:55

When thinking of a takeover it is always worth remembering the Chairman and 27% shareholder injected significant capital at a share price of £1.

[thecroots] 19/12/2023 11:49

It is pleasing to see this rise. Was due a re-rating as it was incredibly low.

TBH, i always thought that when the share price was low it was a prime target for a private Equity takeover. It happened before.

I certianly think the RMT resolution for the trains has helped. Along with business rate discount continuing (For pubs and indoor golf places)

[ijamlon] 19/12/2023 09:59

PIER was due a re-rating. The giveaway valuation for their assets alone would have justified it. Further help came from falling interest rates, tax breaks and the train route reboot. Nevertheless, a rise of 70% over 2 weeks makes me wonder if someone knows something. Can anyone tell me what kind of volumes we've seen over this 2 week period? Is there real money behind it?

[thecroots] 12/12/2023 21:07

PIER has risen from 30th November. The same time the RMT union agreed the pay deal. If its related to that , then hopefully when ASLEF strike a deal we may see another rise...

[thecroots] 12/12/2023 18:42

isn't it just.....

[thecroots] 08/12/2023 22:42

Its crazy low valuation - but its nice to see it coming back.

I would have thought that a Private equity firm would have made a bid for this cash cow by now....

Not many firms can boast a Gross profit margin of 99%.!! (Golf division)

[ijamlon] 08/12/2023 07:50

An acquaintance recently raised a good amount on equity on Crowdfunder at almost the same valuation PIER was at last week (about £12mlm). They are a handful of guys developing a low cost platform for managing pensions. No assets, IP, revenue, nor customers. No competitive advantage in a crowded, medium growth sector. Why the market puts such an incredibly low value on one of Englands top leisure portfolios, with revenues of 40mln and solid free cash generation is a mystery. I think the almost untradeably low share liquidity is part of it.

[thecroots] 07/12/2023 12:37

It was more the golf venues and pubs I was thinking

[roddyb] 07/12/2023 09:33

True, business rates relief next year at -75% but do remember it was always subject to a cap of £110k soBPG are only £110k better off…

[thecroots] 06/12/2023 16:29

I know right. And a nice delayed buy at 37p - made to look like a sell!!

[bookbroker] 06/12/2023 15:51

Bit of life in this old dog!

[thecroots] 22/11/2023 18:15

Should be good for both the pubs and the golf venues....

[ijamlon] 22/11/2023 13:20

Hunt extends business rates 75% discount for hospitality sector for another year

[thecroots] 21/11/2023 22:30

After the conversation yesterday they are not red flags for me.

With the weather its a given that we aren't going to make up shortfall. It's the future I'm interested in with this share. Improving balance sheet all the time. Net debt is tiny now.

[pugugly] 21/11/2023 20:25

Those lease liabilities look like a possible red flag

"LIABILITIES
Current liabilities
Trade and other payables 8,189 8,928 3,833
Other financial liabilities 485 1,371 11,327
Lease liabilities 2,154 1,842 1,808
Income tax payable 987 1,297 987
Provisions 119 - 119
11,934 13,438 18,074
-------- -------- ------------
Non-current liabilities
Other financial liabilities 10,400 11,271 -
Lease liabilities 24,617 24,359 25,365
Deferred tax liability 512 524 512
Other payables 261 - 261
35,790 36,154 26,138
-------- -------- ------------

TOTAL LIABILITIES 47,724 49,592 44,212
-------- -------- ------------

[ijamlon] 20/11/2023 20:28

Another missing piece is making this stock investable for slightly larger investors. The current liquidity with its tiny market cap and most of those shares locked away, has left it a very retail affair. Most days it's a few hundred quids worth traded here and there. There's nothing wrong with us retail investors, but we'll never be able to give it a proper re-rating.

[dartboard1] 19/11/2023 21:45

Got to look forward. Unlikely to have rail strikes for the next 3 years (especially if our mate kier gets in). Invest accordingly