|Merlin Entertainments Plc
||EPS - Basic
||Market Cap (m)
|Travel & Leisure
Merlin Share Discussion Threads
Showing 376 to 396 of 400 messages
|Market Report: Merlin rallies on bullish broker note
Alton Towers and Legoland operator Merlin Entertainments powered to an intraday record high after Morgan Stanley predicted the company’s stock price could double by 2022.
In a bullish note, the US investment bank lifted the stock’s price target by 20p to 580p as it believes Merlin’s themed hotel opportunity is “significantly underappreciated” and could bolster earnings by 30pc over the next five years.
Analyst Jamie Rollo said: “Themed hotels provide an immersive experience for families and premium revenues to standard hotel offerings.”
Merlin has already opened around 3,600 rooms and is ahead of its target to open 2,000 rooms by 2020. “Hotels are highly attractive financially. We see 7,000 rooms by 2022 at the current expansion rate,” Mr Rollo added. In its wake, shares rallied to a lifetime peak of 508.5p in intraday trade, before closing up 14.1p, or 2.9pc, to 499.7p.
|Merlin Entertainment hotels could lift share price to 800p - Morgan Stanley
(ShareCast News) - The plan by Merlin Entertainments to add hotels to their theme parks is underappreciated by the market, said Morgan Stanley on Wednesday as it set a bullish share price target for the years ahead.
Adding hotels to theme parks increases the visitor catchment area, revenue visibility, ancillary revenues, trading periods and guest satisfaction, Morgan Stanley gushed, with themed hotels such as Lego rooms at its Legoland parks providing an "immersive" family experiences and premium revenues.
Its analysis suggests around £450 revenue per room per night, which is three to four times higher than the market average, with management's ambitious target to increase the current 3,600 rooms by 2,000 by 2020.
With an average of 400 at its large parks being well short of the 1,000 at some competitors, Morgan Stanley sees 7,000 rooms by 2022, with hotels growing to 30% of adjusted operating profits, adding 5% to the annual group number.
Analysts calculated that earnings per share, which came in at 19.56p and are forecast at 22p for 2017, with continuing strong London hotel and visitor statistics expected to help Midway performance this year, could reach 50p by 2022.
A target price of 580p was set, with the bull case putting a 1,000p share price based on a forward multiple of around 20 times.
|26th april Morgan Stanley overweight tp 580p up from 560p|
|Bit of interest returning this week.|
|24th april Credit Suisse neutral tp 500p cut from 510p|
|HSBC 'buy' tp 560p. Reiterates
And adds MERL. to European Super Ten|
|Numis intitiating coverage with ADD and 553p target price|
|5th april HSBC buy tp 560p up from 530p|
|Merlin Entertainments opens LEGOLAND® Japan New LEGOLAND® Park launches in the second biggest theme park market in the world
Poole, UK, 3 April 2017:
Merlin Entertainments (“Merlin”; or “the Company”), one of the world's leading visitor attraction operators, announces the opening of LEGOLAND® Japan, the second largest theme park market in the world. Ideally positioned for Japan’s population of 127 million, the park is located in Nagoya, Japan’s third-largest city.
LEGOLAND® Japan has more than 40 rides, shows and attractions, including the first Augmented Reality ride in a LEGOLAND® park. The park has seven different lands and 10,000 LEGO® models, including a 2.1-metre high reproduction of Nagoya Castle. Merlin also unveiled the world’s first LEGOLAND® themed train on Nagoya's Aonami line, allowing guests to begin their LEGOLAND® experience before they arrive at the park.
The attraction is Merlin’s eighth LEGOLAND® Park, and follows the opening of LEGOLAND® Dubai in October 2016. Merlin has announced its intention to open a LEGOLAND Park in South Korea and there are plans for further parks in North America and China.
LEGOLAND® Japan is set to open a 252-room themed hotel and a SEA LIFE Centre in early Summer 2018 as Merlin looks to develop each of its theme parks into destination resorts.
John Jakobsen, Chief New Openings Officer, said:
“We’re excited to bring the much-loved LEGOLAND® Park to Japan, and build upon our success in Europe, the US and Asia. Japan is the largest theme park market outside of North America and represents a fantastic opportunity to further embed the LEGOLAND experience after successful launches of two LEGOLAND® Discovery Centres in Tokyo and Osaka in preceding years. This investment further confirms our commitment to expanding in the important Asian market and complements our existing attractions in the region, including 15 Midway attractions and LEGOLAND® Malaysia. Today’s announcement marks further progress towards Merlin’s stated ambition of opening four LEGOLAND® Parks before the end of 2020.” Ends|
|Ashkenazy Acquisition Corporation and Merlin Entertainments to Bring SEA LIFE Aquarium & LEGOLAND Discovery Center to Shops at Rivercenter in 2018
|Sneak peek: Legoland Discovery Center in Plymouth Meeting (Video)
|Lego sticks its neck out with new Birmingham attraction
|30th march Barclays overweight tp 575p
30th march Credit Suisse neutral -
|Manly Sea Life Sanctuary aquarium to close at the end of the year
|Yes, but how much of Merlin's revenues/profits are generated in London? We know it is a global business.|
|Merlin Entertainments PLC (LON:MERL) had its price objective cut by equities researchers at Peel Hunt from 510p to 450p in a research report issued to clients and investors on Thursday. The firm currently has a “hold” rating on the stock|
|Now, what is the overall contribution of the London Eye to overall revenues/profit? I'd bet it's nothing like 2.2% of expected future revenues/profits streams. In which case, clearly the 2.2% is an over-reaction, and the price will revert back to something more realistic.|
|London terror attack ... London Eye on lockdown :-O
'Tourists stuck on London Eye due to parliament terror attack'
London (AFP) - Tourists were stuck in mid-air on the popular London Eye attraction for around an hour on Wednesday following a suspected terror attack outside the Houses of Parliament.
Visitors on the London Eye, a 135 metre (443 foot) high big wheel, were later evacuated after the attack, in which a police officer was stabbed and the suspected assailant shot.
The London Eye has a clear view over the area.
"At present we are holding all of our guests within our attractions as per tried and tested security procedures," the attraction said on its Twitter page.
The account later tweeted that the passengers "are now disembarking".
The London Eye is made up of 32 white pods, each of which can carry 25 people.
|philanderer, excellent ;-).|
|Research analysts at Numis Securities Ltd started coverage on shares of Merlin Entertainments PLC (LON:MERL) in a note issued to investors on Wednesday. The firm set an “add” rating and a 553p price target on the stock|
|Hamleys teams with Merlin for theme park offers