Brighton Pier Share Discussion Threads

[thecroots] 21/6/2024 16:41

Yes, hopefully a period of settled weather. Its been lovely down here this week and the open air football showings have been very busy.

£10 fabulous fridays and the annual passes seem to be popular.

Pier doing some great events that have been well attended..

[thecroots] 18/6/2024 18:04

Quite a bit of activity today. last trade of 30k at 1 minute before the bell was at 45.9p which is .9p over the asking price...

another 31k buy before that

[thecroots] 17/6/2024 10:51

No, only just got back in the country

[ijamlon] 14/6/2024 05:32

Did anyone go to the AGM on Wednesday?

[thecroots] 28/5/2024 21:25

Terminator,

You do realise how Impairment charges work right?

This FY already has £5m going back on as "profit"

ALL 4 divisions are EBITDA positive.

[terminator101] 21/5/2024 06:51

Whopping loss huh.

[shbgetreal] 17/5/2024 13:58

I mean, the average Mirror reader is generally in favour of free everything for everyone regardless of the cost, so no surprises there.

[bookbroker] 14/5/2024 11:20

Why should should any pier that provides entertainment be free, tourists and visitors need to understand that it needs maintaining on a health and safety perspective. No different to any business raising their prices!

[ijamlon] 14/5/2024 10:45

The Daily Mirror doesn't like it, but the market clearly does. Now retraced the whole post-results drop.https://www.mirror.co.uk/travel/uk-ireland/tourists-livid-beloved-free-attraction-32800156.amp

[davidosh] 14/5/2024 08:58

The Annual pass could include free access to the pier on all visits making that more desirable and bringing in up front revenue.

[dartboard1] 14/5/2024 08:30

Good points, agree. And a chance to pre-sell ride tickets at the same time and offer the annual pass.

[ijamlon] 13/5/2024 10:50

I think there are other elements of the charge that could be interesting too. Does it counter-intuitively lead to more expenditure on the pier? People might be more inclined to 'make the most' of a visit they've paid for. Does it clear out the bottom end of the customer quality range and lead to a slightly less down-market offering overall. Does it provide opportunities to gather better data on visitor / consumer trends?

[dartboard1] 13/5/2024 10:04

4.3m I think it was when I checked. With locals getting in free your estimate of 1m revenue rather than my 2 is probably closer to the mark

[thecroots] 13/5/2024 08:34

Agreed. Maybe £2 but this could include a £1 off food/drink and voucher. Bournemouth pier charge £1.65. Have done for ages

[goldie40] 13/5/2024 05:05

If dartboard is right and hope he is 4m visitors to the pier allowing for a few not going thats over 3 million pounds a year income nearly all profit a £1 coin now is like small change now, I think they could got away with £2 but lets see how it goes

[dartboard1] 09/5/2024 19:39

4m visitors a year ... so let's say they have most of those in the peak time ... but have a slight drop off with some not willing to pay entrance fee ... I would say should put extra 2m in revenue / cash flow in 2024 ... not bad. Hope they have the logistics set up so people arnt queued up waiting etc

[goldie40] 09/5/2024 15:23

good idea charging to go on the pier should start now admission could top over a million people plus all good cash flow

[thecroots] 09/5/2024 13:29

Thanks for this - i will mention this also if thats ok...

[ijamlon] 09/5/2024 12:07

Thanks Croots, last word on VR then I promise to shut up about it! I know an investor in a London franchise of a VR experience called Sandbox and apparently they are generating £400k of free cash flow per month from it! I was wondering if something similar could folded into some golf sites https://sandboxvr.com/london/

[thecroots] 09/5/2024 11:19

Hi Ijamlon

I will mention the VR stuff in my meeting next week.

Well we know for certain the near £5m positive impairment charge is going to show on this years accounts - which will be a lovely boost. I know impairment charge are really a balance sheet exercise but it will be good for this years figures. Just hoping the weather is a lot better this year. Hosepipe ban kinda weather!!!

[ijamlon] 09/5/2024 10:05

This stock has such a minute value it really wouldn't take much to get a major re-rating. I like the pier entrance charging experiment, I like the ideas Croots is backing around cabins, I like the golf expansion. I still think there's room for some more investment in next generation tech-based leisure activities. Helter skelters and Penny Falls can only get you so far. As I've said in here before, there are vast cashflows being generated in new VR experiences in UK at the moment. It's a relatively easy add-in for them.

[thecroots] 08/5/2024 18:33

Good move Kirmich

It should easily be a lot higher in 12 months (All things being equal) in my opinion.

[kirmich] 08/5/2024 13:58

Not bad, a lot depending on the weather. Would have liked a better cashflow, but very well managed.
Bought some more today