Hi Davidosh
regarding visitor numbers its hard to say as its purely down to weather if people visit. |
Hi davidosh,
Around 90% of the stores are franchised. franchisees do set their own prices but are encouraged to stick within a region price band.
if the pier are charging local residents they should offer a yearly one.
fact remains, I think with the NIC increase and NMW there will be a huge rise in currently free-admisson places that now need to charge. |
Thecroots....Surely McDonalds set the prices nationally not individual franchisees?
As for the piers maybe all of us here should keep a list of all the piers in the UK that we know and list the prices charged so we know how we compare?
In Brighton why do they not sell a complete season pass for say £10 or £15 so they do not have to pay £2 every time just show their resident pass. Some people on holiday or regular weekend visitors may try to buy one of those instead but do we really care if it brings in extra early season revenue and of course repeat visits for value seekers. |
that makes sense Ijamlon
it's good that the shares were tight on Friday hence the large spread and full ask, and over ask even though the trades were small.
February 2024 had the worst rainfall on record with a fair few full closures at the Pier so surely Feb this year can't be any worse you would have thought... |
Slight complication for me is that I am a regulated fund manager and need various sign-offs for personal dealing. I have to commit to specific share amounts and timings for approval. Very hard in these types of markets. |
If they are short Ijamlon, id buy what you can before it likely moves up. The small couple of buys have gone thru at over asking price..
Tried a dummy buy and the most it will let me buy is 10,000 shares. |
Tried to buy £5k in my SIPP through HL. No chance. £1k, also no. I decided not to bother buying the £250 of shares on offer! |
This might be some good news :
"Ryanair said today it would cut flights at seven regional airports in Spain this summer due to what it called "excessive fees" levied by state-controlled airport operator Aena.
The airline will stop operating in the cities of Jerez and Valladolid and will reduce the number of flights to and from Vigo, Santiago de Compostela, Zaragoza, Santander and the airport of Asturias.
Overall, it will reduce capacity on 12 routes by 18% and cancel some 800,000 passenger seats compared with the previous summer, the carrier added in a statement." |
12% rally on about £7k of volume! Not complaining. I will buy some tomorrow and do my bit! |
One other point to note from reading Kimich. If there were 400,000 visitors generating 6.3mln of revenue that's an average spend of £14.75 per person (excluding entrance charge). In fact it's probably lower as we are not counting the free-entrance locals in the visitor numbers. That number seems to me to have a lot of upside potential in this day and age. |
Hi - yes good post Kimich, thanks for bringing it back to the facts. The other possible share price factor is the wider UK macro and market backdrop, the day of the big sell-off was also the day of the huge spike in Gilt yields and everything around that. An indebted, consumer-dependent outdoor leisure play in Arctic weather is not going to find much love. It is tempting to take a punt on no-crisis and a great summer (like I wish I had with long dated Gilts earlier in the week!) but would I ever be able to get my money out again? LJ wouldn't want the share price down here as a reference if there were go-private discussions unless he himself is planning on the buyout - quite possible given the hassle of the listing and the ability to later sell on and take the whole uplift himself. Is he hoping we'll all be happy with a 20% uplift from wherever it is. That's probably all too Machiavellian, but I wonder. |
Hi Kirmcih,
Good post.
yes you are right about this can shoot up. It went from 25p to 125p very quickly in 2021.
we could be just worrying about nothing. who knows. the retail and leisure sector is hugely bombed out with a practical buyer strike.
I'm hoping for director buys but if there is something going on in the background then they cannot buy.
trading was actually OK for the 12 weeks to Sept and was pretty much in line.
like we all say, we just need settled weather.
a low ball offer is also on the cards. when I mentioned this to PIER ages ago they did do you really think Luke Johnson would let it go so cheap?.
I'm hoping when the overhang is cleared we may move up with a bit of buying. |
Hi Coots - Looks as though we will just have to wait and see - |
hi Dartboard.
I am waiting to see if they announce anything or the directors buy.
any previous raises or warrants have been around the share price that's one thing good about an illiquid stock.
or perhaps selling a division to concentrate on and expand the golf side? |
Average down Croots... put a few grand in to drive the price back up ... we need you now :) |
Yeah lack of director buying (or anyone buying) at these levels is odd. I feel one could bid the price back towards 30p with just a few grand. Perhaps you are right and the Board is up to something and therefore hands tied. Could be good or bad... |
Hi Pug,
I have thought about perhaps a raise to shore up is in progress - and I'd be OK with that.
It could be merely the fact that the fall has come about to accommodate that 210k sell. PIER has tiny share volume so any movement up or down is amplified.
It's quite possible that its just the sector and with hardly any buying, coupled with MM's running flat books and the liquidity issue, its just why we are here.
I asked Novella about the additional upcoming costs and they responded that the company is confident that they will find the solutions. So fingers crossed.
I'm sure we will find out soon enough - but certainly its uncomfortable with the share price being down here. |
Could it be that there is a fund raising mooted or in progress and news has leaked?
That 216,079 dumped at 20p on 10th Jan could be a red flag - Only time will tell but no sign yet that I can see of the bulk being sold on.
Thoughts?
Or am I being too suspicious, and it is just market reaction to poor macro trading environment with reduced consumer disposable income and extra costs inflicted by Reeves? Plus of course the terrible weather ? |
Yeah, would have kind of hoped there was some intervention from the board. I'm really disappointed they haven't.
I'm sure it is head in the sand stuff but a director purchase is all that it would take to restore faith.
it's fell on very low volume but the market cap is ridiculously low now. |
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