Paragon Entertainment Share Discussion Threads

[1savvyinvestor] 16/4/2018 10:00

Seems zero excitement about upcoming results from pis. Any chance they could give us a positive surprise?

[dave4545] 09/4/2018 12:50

Thanks PJ1

[pj 1] 09/4/2018 10:17

dave
A few years ago they did a circa £7m contract for Kidz at Westfield in London. At that time Kidz had provisional plans for another 2 sites in the UK, but I am unsure of current plans for these now.

I would also think the US is currently out of bounds.

PEL put out an article on social media recently showing staff who were being trained up for Kidz, so there is some sort of movement there imo. and/ or at least further tendering opportunities.

[dave4545] 09/4/2018 10:03

PJ1

Do Pel own a stake in this or do they do work for Kidzania ?

[pj 1] 09/4/2018 09:55

Kidzania is turning into quite some Franchise now, plenty in PELS' sphere of influence, with some staff being ''trained'' in Kidz system

[pj 1] 09/4/2018 09:45

certainly looks as if someone wanted £20k worth which matches the 2018/19 ISA limit.

[dave4545] 09/4/2018 08:59

Not let me buy 100k online

[cockerhoop] 09/4/2018 08:53

RBS feed up now - no news

[phowdo] 09/4/2018 08:52

Maybe some ISA buying.

[cockerhoop] 09/4/2018 08:25

Maybe news but RNS feed down! Or perhaps weekend tip?

[dave4545] 09/4/2018 08:19

No trades last week at all ?

But out of the traps this morning ????

[pj 1] 23/3/2018 21:54

LOL-I think someone with £7 or so to spare has a sense of humour!

Unless.............

[playful] 23/3/2018 17:33

PJ1 is a man in the know

[pj 1] 22/3/2018 21:27

Wait for the enigmatic 1 trade to appear tomorrow!!!

[playful] 22/3/2018 19:12

Chuckles all round on the last trade today, someone does not feel comfortable going out above 100K

[playful] 20/3/2018 11:50

Anyone know if PEL are involved?

[pj 1] 08/3/2018 10:12

ex Paramount project inching forward still?

London Resort Company Holdings (LRCH), the developer behind the plans to build a multi-billion pound entertainment resort, announces that its final round of public consultation on plans for the London Resort will be taking place in early 2018 and that it will be submitting the Development Consent Order application in Spring. This latest round of events represents the fifth stage of an extensive programme of community engagement carried out by LRCH, which has already seen over 8,000 people participate. The anticipated grand opening date is in 2023.

Humphrey Percy, CEO of LRCH, said:

“This final round of consultation will be a crucial step towards completing our plans for the world class entertainment resort. We have subjected our project to considerable rigour in recent months, transformed it, and in turn are creating an inspirational and deliverable scheme. We are encouraged that industry experts have fully endorsed our decision to pursue a multi-IP, two gate strategy.

“We are delighted with progress on partnership agreements. We plan to build over 3,500 hotel rooms, operated by our new partner, Intercontinental Hotel Group; constructing the majority of the Resort and new roads and infrastructure with materials stored at and transported from Port of Tilbury, with whom we have recently signed an agreement. We are now in very detailed commercial negotiations regarding partners, the concepts they are embracing and some of the incredible creative propositions.

“We are encouraged and supported by our local authority partners to take the time to get this right; we have listened to our stakeholders and will now be consulting the public early in 2018 and submitting the Development Consent Order application in Spring of 2018. Our grand opening date is planned for 2023.

“The London Resort is a first for the UK. Not just because we are the first Business and Commercial Nationally Significant Infrastructure project, but more than that, together we are creating a Global Entertainment Resort without parallel in this country, propelling us into the top ten theme park resorts in the world. We are combining an investment of £3.2bn, just 17 minutes from the top tourist City destination in the world, alongside globally recognised brands, stories and characters from the world of television, film, books and games.”
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"We are now in very detailed commercial negotiations regarding partners, the concepts they are embracing and some of the incredible creative propositions."

[pj 1] 08/3/2018 08:07

Have the Greeks woken up and actually done something? Amazing they can worry about environmental concerns from an ex-major airport, maybe Greek planes previously flew on solar energy?

Anyway, maybe some movement with Hellinkon?




‎08‎ ‎March‎ ‎2018‎ ‎03‎:‎00‎ ‎GMT



The country—the European Union’s sixth-most visited destination in 2016 based on Eurostat figures for nights spent by travellers—could take the industry to an all-new level if more resources are poured into it and if the state removed barriers that block the entry of new capital, the president of the Greek Tourism Confederation, known as SETE, says.



Yiannis RetsosPhotographer: Roula Revi
“While having almost 30 million tourists from May to September is a huge number, it could reach 40 million in a nine-month period if the tourism season were extended,” Retsos said in an interview in Athens. “The bet now is to enrich the tourism product and have added value that will attract not necessarily more, but richer tourists, so we can have more receipts.”


Tourism is Greece’s biggest industry, with arrivals rising 10 percent in 2017 from the previous year to 27.2 million and generating revenue of just over 14.5 billion euros ($18 billion), according to Bank of Greece data. Travel and tourism contributed 32.8 billion euros to Greek economic output in 2016, accounting for 18.6 percent of Greek gross domestic product that year, according to the World Travel & Tourism Council. The London-based body expects that figure to rise to 23.8 percent of Greek output in 2027.


In order to increase arrivals to 36 million and revenues to 20 billion euros by 2021, Greece needs investments worth 6 billion euros a year, Retsos said. “While this is a large number, there is foreign interest to invest,” he said, also calling for public investments.
Gaining Momentum
Greece wants to raise travel receipts by targeting richer tourists

Bank of Greece

Investors are interested in current tourist units and vacant buildings, according to Retsos. “There are many publicly owned buildings that could be used for tourism purposes such as in Athens where pension funds own properties that are empty and where there are plans to exploit them,” he said.
In October, for example, the Hellenic Air Force’s social security fund leased for 40 years a building in central Athens’s Omonoia Square. The structure housed a hotel until 2008—when the collapse of Lehman Brothers set off a global financial crisis—and has been empty since. It may reopen as a hotel.


Foreign investors are also looking at properties held by banks, Retsos said. Deals are already happening. In June last year, the Athens Ledra Hotel, operated by Marriott Hotels, was auctioned off by Alpha Bank AE and was acquired by a company controlled by U.S. property firm Hines for 33 million euros.
For its part, the state needs to improve infrastructure such as ports, marinas and regional airports which will create added value, mainly for the Greek islands, Retsos said.
“Infrastructure on the islands is still in the era of the 1960s and there is also a need to rejuvenate sewage and water provision systems,” he said.
Investments are often delayed because of over-taxation, spatial planning and the insecurity that some investors feel when they come to Greece, Retsos said. That’s especially given the permits that may be needed for projects from bodies such as the archaeological council or forestry authority, he said.
“In any other European countries such issues are solved before the beginning of the investment,” he said.

The Hellinikon project, a landmark development included in Greece’s privatization plan since the country’s first bailout program in 2010, is an example of such delays. The investment was slowed by environmental concerns and deliberations over whether the site is archaeologically significant. In February, eight years after the site was put on the block, Greece’s Council of State finally ruled that the presidential decree for the planned investment at the site of the former Athens airport is both legal and constitutional.

The higher sales tax in Greece also puts it at a competitive disadvantage, the official said. “It’s much more important for the tourism industry to cut the sales-tax rate rather than the corporate-tax rate,” Retsos said. The sales-tax rate is now at 13 percent for hotels, up from six percent in 2015, and at 24 percent for restaurants, increased from 13 percent previously. In contrast, Portugal applies a rate of six percent on hotels and 13 percent on restaurants.
For Retsos, Greece now has to focus on changing its growth model so it can get more bang for its buck in quality tourism.
“We have seen the bottom of the barrel and we have begun an upward trend, but Greece has to shift its growth model to focus on production,” he said.

[pj 1] 26/2/2018 09:31

If anyone who has not heard from me more directly has any specific questions or points they would like to raise regarding PEL, could they please let me have them either here, by direct message or via 'removed'. Also please identify yourself in any emails. TIA PJ

[1savvyinvestor] 21/2/2018 15:20

Not lowest ever price to be accurate . I bought a shed load at around 1.3 a18 months ago . With benefit of hindsight should have sold all at 6p but still in largely . Hoping for a big surprise! (Positively)

[stiffybristol] 17/2/2018 12:16

Depends how you look at it.

Share price lowest ever.
PEL turning over more money than ever.
Recruiting more staff.
Wanting to expand into bigger premises.

Or has the work dried up and they are going under.

Director bought 1.5M shares at 2.5p recently (you can't buy big blocks, a 200,000 buy jumps the price, a 1,500,000 either way would drop/rise the price 0.5p).

Shortly we will know 2017 figures, we know roughly the turnover was near target, we can interpret it could have been a lot higher as two 2017 projects did not make it in that financial year.

Potential to make profits of £2,000,000 on a P/E 10 = a share price of 11-12p.

I was thinking of adding some more at todays price. Despite the fact I am miles down on my PEL investment already.