Brighton Pier Takeover Rumours (PIER)

Surely this is ripe for a takeover bid? there's a lot of assets here compared to market cap... some of the single divisions were bought for way higher than the market cap

To add a bit here. I don’t think it would be a good idea for PIER to go back to a heavy weight to bars, they’re trying and have now moved away from that business almost entirely. Would like them to focus on leisure businesses with a bit more margin. The lease liabilities embedded in RBG would put a massive strain on PIER balance sheet.. and very thin margins … not saying RBG may not see a turnaround over next few years, in fact it’s on one of my watchlists to keep an eye on …One large bolt on that would be a good one (IMO) is snow zone … currently owned by capital regional. But they’re looking at a takeout by NRR, and I could see the board selling this off if the merger/takeover happens as not core to their business