Brighton Pier Share Discussion Threads

[ijamlon] 26/5/2022 16:27

Bought some @ 73. There's an anxious seller out there still giving them away.

[ijamlon] 26/5/2022 12:28

Re cost of living squeeze: this is super anecdotal but I was chatting to a cab driver in Manchester today. His view was it's having no impact at all on leisure activity there: the pubs, restaurants and clubs he drives to are all busier than ever. Blackpool too he thinks. People have built up savings last couple of years and house price strength has left a lot feeling richer. People are fed up of not enjoying themselves since Covid and have a different attitude. Plus it's summer so people are just turning off the heating. If we're still in the same situation in November then who knows but so far things are resilient. Sunak's latest subsidy will help too.

[bookbroker] 25/5/2022 18:52

Hope so, let’s hope gap around fifty pence not filled next, from last summer!

[dancing piranha] 25/5/2022 17:58

The gap is pretty much filled now, just desperate/impatient peeps shuffling money around chasing the rising shares of the day!

[bookbroker] 25/5/2022 17:52

Time the directors came in and bought some stock, show some confidence in this business, that is unless they know something we do not!!!!!

[ijamlon] 23/5/2022 20:57

My feeling is that very sadly and unfairly this real income squeeze is yet again going to hit the poorest people hardest. A hotel cleaner I know was in tears a few weeks ago over her power bill. Meanwhile, here in London, it's like nothing happened, in fact it's boomtown : can't get a table in a restaurant, can't find a taxi. Service industry booming. What I don't know is where in the income spectrum the pinch kicks in and if it's hitting the key consumer demographic of the pier and park.

[dancing piranha] 23/5/2022 18:58

I totally agree, beware of davidro, he has an agenda. THG and WOSG for starters, and there are quite a few more. I wouldn't want to spend an evening out with him for sure... when questioned on what share he would recommend in these times he refused to mention one that he favours!!

I'm happy to hold here, and will be paying a visit to Brighton Pier over the Jubilee Holiday Weekend too. Looking forward to it already...and seeing just how busy it is!

I'm already fed up with the media trying to talk us into a recession just to make headlines for themselves....

[bookbroker] 23/5/2022 17:08

Carry on like that, and you’ll talk the country in to a recession. Whatever one says about energy price cap rising, food inflation, etc., people have become far too used to food deflation and leaving the lights on. Four pints of milk costs less than coffee in Starbucks, Nero’s, a loaf of bread at a pound. I think if people want loads of kids, fine, but don’t complain constantly about the costs of raising them. Are two kids not enough, we are not a third world country or living in the era of the Bronte’s when childhood mortality high. We have free healthcare, a generous welfare state, what more do people want!!!

[davidro77] 23/5/2022 17:01

I think people are only just starting to appreciate how bad this coming recession is going to be and how hard it's going to get for average joe. Plus lots of people just selling to get out of stocks and raise cash

[ijamlon] 23/5/2022 08:36

The share price has fully discounted a sharp consumer leisure slowdown that hasn’t happened yet. I agree there should be some adjustment reflected in the forecasts for the next year or two, but we are now looking at an asset backed business with a 25% net profit yield. They could probably do a sale and leaseback of the theme park and pier freeholds and generate enough cash for a special dividend higher than todays share price! (Secure Income REIT readily finances these deals). I’m not saying they should, I’d prefer to keep the balance sheet strong and enjoy high growth for years, but it highlights the deep value in today’s stock price.

[bookbroker] 20/5/2022 15:32

Anne Akford was likely far too optimistic at the results statement, suggesting that things were rocking. That was a backward looking view instead of forward, she must have been aware that the consumer noose was tightening, so should have been more conservative. At least they are on the debt front, so by reducing net debt wise. As for any acquisitions that should be out the question in the current climate, make the most of existing resources, and entice customers with offers, etc.

[ijamlon] 19/5/2022 17:20

Yup - that's why it's a great time to accumulate. On a 2-3 year view looks like a dead cert for 100%+ imo.

[bookbroker] 18/5/2022 08:23

And a low valuation!

[davidro77] 17/5/2022 23:21

That's because the real pain hasn't hit yet. When andrew Bailey talks about apocalyptic food prices he means looking forward 12 months and on. Impact of energy rises on joe public only just starting to be felt. Interest rate rises still only getting started. Unemployment will rise and the housing market will falter. All of this will impact discretionary spend and it's probably going to get quite severe for lower earners and the target demographic of many uk leisure operators. So yes I think it's a valid concern

[ijamlon] 17/5/2022 20:46

There's a Bloomberg story today about how the 'fun' sector is feeling the effect of higher electricity prices. Alton towers and Scarborough are mentioned. Alton is maybe going to raise prices (and PIER have said in the past they have room to pass on higher costs), but the question is whether that might affect visitor numbers at a time of cost of living squeeze. It might have a small additional cost impact for the pier and theme park but with a 2022 earnings yield of over 15%, that's already more than baked into the price. No sign so far of lower visitor numbers.

[dancing piranha] 17/5/2022 16:27

Strange share price action today, marked down on a 12 share sale this morning. 3 further buys showing as sells but we've lost 4% off our market cap on less shares traded today than I actually hold!! Crazy.....