Brighton Pier Share Discussion Threads

[davidosh] 16/12/2024 15:07

It is not good having a portfolio of entertainment sites that all require upgrades. They need to establish what can be sold to provide the necessary capital and increase debt to make a significant improvement. Brighton is a great location but I doubt many people regularly go on the pier for the current offering....It needs to have some modern activities that will attract local regulars and also all the tourist visitors.

Standing still is not an option in leisure and entertainment

Climbing walls, escape rooms, indoor golf and many more that will be an escape from bad weather too.

[jm6783] 16/12/2024 15:02

They have significant room to increase debt.

[bookbroker] 16/12/2024 11:42

The pier itself has in the past generated significant cash flow, but upgrading the attraction will require a large amount of capital, and with the investment at LV. starting to build where is the capital required going to come from without borrowing more. Both these attractions need major upgrades.

[dartboard1] 15/12/2024 11:11

They need to add leisure assets not sell them off. Problem is the debt covenants as mentioned earlier.I went to Tamworth SnowDome yesterday. Place was packed, that's a money making machine in lead up to Christmas. Skiing, snowboarding, tubing, winter wonderland, pantomimes, indoor climbing, bar restaurant, gym, swimming pool, pay for parking. People are willing to spend, just need the right offering. The pier is a great asset in a prime location. If they put good experiences on it people will pay up. Not something to sell off IMO

[muto] 15/12/2024 07:31

Without the pier money I'm not sure there would be a company at all.

[bookbroker] 12/12/2024 07:33

Brighton Pier needs to be sold, the pier itself might be a cash cow, but the money raised would be better spent at L.V. and the golf division. Imagine it will cost some’at soon to sustain.

[muto] 09/12/2024 08:18

Have you been to the pier lately as it looks very tired and rundown. It appears there has been no investment in new rides for many years. Desperately needs a revamp.

[thecroots] 05/12/2024 07:53

Hi Kirmich,

Agreed - the group is highly cash generative. We just need OK ish weather in 2025

[kirmich] 05/12/2024 05:15

Strange discussion.

As long as i can remember the UK is associated with bad weather. So, not that strange to have a bad summer. Bad weather not only restricted to Uk this year.

If they will do ok during a bad summer, this will be over time a reasonable investment, as they are capable of generating impressive cashflows with good weather during the summer months

[thecroots] 04/12/2024 13:03

I'm not sure either way to be honest.

Theres lots of videos out there showing it being done both with wide bodied jets and smaller prop planes.

Weather certainly being manipulated in my opinion

[ijamlon] 04/12/2024 12:38

Are you saying that all the regular commercial aircraft in the UK are secretly leaving a cloud seeding chemtrail behind them to make the UK more rainy?

[thecroots] 04/12/2024 07:51

No links are needed to see whats going on with the skies!

I'm 51 and can remember planes as a kid leaving just a small contrail that disappeared pretty quickly. Surely you would have seen the trails in the sky now?

People say its global warming and it's because the temperature has risen by 1 degree and thats why we see longer contrails that linger. People forget the upper atmosphere is between -40c and -70c so a rise of 1 degree isn't going to make any difference at all.

Google HAARP programme. If you want to see a HAARP station for yourself - pop down to Somerset. Continuing on from Sparkford services heading west on the A303, about 2 miles on the left , right by the road, you will see it. You cannot miss it, its the size of 2 or 3 football pitches!!!

I dont have a picture of the site itself but have passed it millions of times. A link below shows exactly what a HAARP station looks like which is identical to the one in Somerset. Its there to see in somerset!!!

[dartboard1] 03/12/2024 21:46

Oh great there's another.Not sure what to do with these links hazl... they seem to show there's no cloud seeding in the Uk, not that it is taking place.Is the hypothesis that our poor prolonged wet winters are due to a mass scale cloud seeding program.Sure cloud seeding happens in uae, Israel and China where there's drought and no rain, but surely the Uk doesn't need any help where rain is concerned.

[thecroots] 03/12/2024 21:12

Thanks Hazl....

Hope you are well my friend.....

[ijamlon] 03/12/2024 19:50

Good discussion - growth, some buybacks, a dividend, a strategic acquisition or being acquired. Something needs to shift... The last Anne Ackord update I saw was through an investor relations firm called 'Investor meet company' in 2022 but the link has expired.

[hazl] 03/12/2024 19:18

For you dartboard.
For transparency I do not hold here but I wish you well especially the croots.

[dartboard1] 03/12/2024 19:07

lol... cloud seeding. What you been smoking Crootes

[thecroots] 03/12/2024 17:20

Hi Guys,

Some good conversations there.... Thank you.

I was speaking to their PR company yesterday.

Obviously they couldn't say anything to me that's not in the market domain, but suffice to say the current depressed share price disappointment is also shared by the directors and I was told this is the whole sector as a whole and not just PIER.

He also mentioned that the Directors are confident that it can navigate the rise in NI and national minimum wage.

In short, they are hopeful - and confident - the share price will correct in time.

After the exchange was finished, i personally felt a lot more confident.

The main thing is , we need the Government to stop messing with the weather with their cloud seeding programme. Look at when the planes stopped flying and what beautiful weather we had...

As an aside, someone has been buying 10k shares every day for the last 3 or 4 days. With a 15k trade also thrown in. Small £ value but large in terms of PIER volume!!

Very unusual buying. But of course, pleased with it.

I'd rather have a small dividend proposed. Even the mention of say a small dividend in the next financial year would help the share price loads. Becoming a dividend paying stock always attracts.

A few director purchases would help too.

[davidosh] 03/12/2024 11:26

Ijamlon3 Dec '24 - 09:12 - 514 of 518

Yes a growth plan could help too. We used to get very good online updates and Q&A from Anne Ackord giving more detail on the gameplan, but this has tapered off.


Can you give me a link to one of those....I have been trying to get them to do a presentation without any luck

[jm6783] 03/12/2024 10:31

Ok. Thanks for your reply. If those are the covenants, then they can’t do much anyway. And agreed, they should not be buying back shares above intrinsic value.

[dartboard1] 03/12/2024 10:18

Not sure there's enough liquidity to get a decent size buyback in place. They'd push the price up almost immediately. And then be buying them at fair value and above before any material reduction in share count. Grow the business and let the market run the price up once it's clear it's a growing business. What's the boards strategy. Something like ... to be a consolidator of leisure assets. Haven't seen any consolidating going on for some time. Maybe due to the covenants.

[dartboard1] 03/12/2024 10:13

It could be they're restricted from doing either growth or buybacks with the debt covenants. One of which is quite restrictive. to have cash availability of 3.5m. They had 3.7m in June this year.

[jm6783] 03/12/2024 10:09

Dartboard,

Why would you prefer them to spend money expanding, even at - let’s say - a prospective RoE of 20%, when they can basically buy 10 pound notes for 5 pounds by buying back shares?

[ijamlon] 03/12/2024 09:12

Yes a growth plan could help too. We used to get very good online updates and Q&A from Anne Ackord giving more detail on the gameplan, but this has tapered off.