Brighton Pier Share Discussion Threads

[thecroots] 08/5/2024 13:44

agreed dartboard. its a lot of skin in an illiquid stock.

I have a significant shareholder roadshow next week so should get a better insight of plans.

hopefully they will be engaging with the Edison Group. Google them and what they do.

[dartboard1] 08/5/2024 13:23

Also a comment on them reporting EBITDA. I don't like it as a lot of the rent is going through right of use asset depreciation. So golf appears impossibly profitable until you add back ROU depreciation. But still nicely profitable with it I guess. And they mentioned in strategy section they're on the look out to add to the number of golf sites. Would like to see some this year.

[dartboard1] 08/5/2024 13:21

Nice work croots ... that's a lot of skin in the game in a very illiquid stock. I've got a good percentage of my port here. But is a rounding error compared to you ... lol

[thecroots] 08/5/2024 07:53

hi bookbroker

last weekend was good weather except for the monday as you say.


heatwave on the cards for this weekend.
I think this year will be a good year for them.

[bookbroker] 08/5/2024 07:08

Things never easy for this company, and last BH. a washout also, certainly in the south, better up north. Always thought a charge for the Pier itself prudent, not a lot to ask people to pay to help maintain it!

[thecroots] 02/5/2024 18:20

Dartboard,

Yes, its me! (And the wife!)

I believe in the growth of this company - extremely well run - with a nice diverse portfolio.

I am hoping (And also confident) that this year should be a lot better for the group. (weather and Hotel fire for example)

I know they have off-loaded 2 bars at least. Both in the public domain.

I popped in over the easter weekend twice at the Pier and it was rammed. The weather was awesome. last Easter was a washout.

If they can sort the train strikes out that will help no end....

[ijamlon] 26/4/2024 04:13

Golf is good. I would love to see more investment into next generation VR entertainment, there are a number of highly successful operations in this space, and the margins are enormous.

[dartboard1] 25/4/2024 15:58

Agree - golfing seems profitable ... and low cost to run. Just hoping the train strikes are over now ... with labour nationalising the rail operators I'm not sure if that means more or less strikes in the future...The Croots ... any relation to the Holder that declared a 3% interest back in March?

[thecroots] 25/4/2024 14:36

The results are now on 8th May.

Results won't be great we know that. Albeit they did declare a "loss" on the interims purely because of write-downs.

It's more of current trading for me that i am interested in. I think they had an awesome easter weekend trading this year. I went to the pier twice over that weekend and it was rammed. Last Easter was a wash out so its certainly a boost for this year. The brighton marathon weekend this year was also beautiful weather so I am sure the pier done well then too.

On the plus side, when it does rain the golf venues do rather well.

i know they have sold Cambridge Lola and coalition. Wonder if they have sold anymore. Bars in general aren't doing very well so it makes sense to offload the bars to buy more golf venues.

[ijamlon] 24/4/2024 13:15

False alarm!

[ijamlon] 24/4/2024 06:20

According to Bloomberg, there's due to be an earnings release at the slightly unusual time of midday today.

[ijamlon] 22/4/2024 09:15

This time last year we got a company update, I wonder if anything is due this week?

[jeff h] 03/4/2024 13:01

Coalition been sold:-



I walked past Lowlander a couple of weeks ago and that seemed fairly busy but then it should be in its location.

[thecroots] 03/4/2024 12:53

I live near Brighton and went to the pier twice over the long bank holiday weekend. The weather was great on all 4 days and both days i visited the pier it was absolutely mobbed - as expected with the sun out!!!

According to their annual report last year, Last easter weekend was very rainy....

Of course, i don't expect the annual report due at the end of April to be brilliant - they already gave us the heads up on that. I'm in this for the long term. They are hugely cash generative and have a decent balance sheet. I am hoping that they will have offloaded a bar or two and put the cash to better use - ie another indoor golf centre or something.

As an aside, IS partners have taken a 3% stake according to the updated shareholder register on the PIER website

[ijamlon] 03/4/2024 08:39

It's going to have been an Eater washout on the pier, but hopefully the long-term story here is much bigger than whether or not it rains on various days.

[bookbroker] 28/3/2024 14:12

Better not be an Easter washout for this one!

[thecroots] 28/3/2024 14:07

Mental - 3 small buys, and a large buy of 40k. Then 1 sale of 1000 shares and 2 market makers drop the bid.

Are the market makers really forming an "Orderly" market!!!!

[ijamlon] 12/3/2024 17:48

I have been hearing some very interesting things about the extremely high margins and popularity of VR experiences from someone with direct knowledge. I think pier have a toe in the water but this is clearly the future (and present). They would seem perfectly positioned to take advantage : they have good locations and operate in similar segments, capital investment is low and the franchise model is a simple way to jump start. Has anyone heard anything of plans in this area?

[thecroots] 08/3/2024 19:35

yes, i have been adding!

Good to hear from you - and yes would be happy to compare notes sometime. Where you based incidentally?

Yes the finals are out in April. Not expecting anything great from them. We know the weather hasn't been great. With that said though, we will up against a lower sales base so hopefully will do OK this coming year. I am hoping for one or two disposals of bars so that money can be deployed to open up another indoor golf centre or invest in LWV.

yeah the late september update is the key one as this is the update after the hugely busy period...

Be interesting to see how popular the Annual pass with be.

[ijamlon] 08/3/2024 09:03

Mr Croot - you certainly have added a lot! You're in disclosable territory now. I am also a large shareholder though not quite on your scale. Look forward to comparing notes sometime. Last year there was an announcement on the final results for prior year on 24th April. Assume we'll get the same this year, though as you say hard to see much of significance coming from that. The late September update is where I imagine we'll get the best reading.