Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I guess you have to ask yourself, would i still go on the rides at A.T. Will this hurt bookings, probably in the short term.
Alton Towers crash wipes £100 million from Owner’s value as it looks set to lose millions in lost bookings: The Owner of the Alton Towers theme park has seen almost £100 million wiped from its value by this week’s crash and is set to lose millions in lost bookings.
Alton Towers theme park will remain closed on Wednesday as an investigation takes place into an incident on a rollercoaster in which four people were seriously injured and left stranded for hours along with a dozen other passengers.
16 trapped and four guests seriously bloodied as Smiler ride carriages collide Two carriages have crashed into each other on a ride at Alton Towers, and emergency services are working to evacuate 16 trapped park guests. Park officials confirmed four people were seriously injured and that the fire service and paramedics, including an air ambulance, had been called to the scene. A spokesperson for Alton Towers said there were 16 people involved in the incident "on a low section of the track", which occurred between a full carriage and one that was empty. West Midlands Ambulance Service said it was trying to assess all those on board the ride. In a statement, it said that the four serious casualties were teenagers, two females and two males, and that they had suffered serious leg injuries. "A platform has been build up in order for emergency services to reach the occupants on the ride who are approximately 25 feet up in the air at an angle of about 45 degrees," a spokeswoman said. "Our paramedics, doctors, Staffordshire Fire and Rescue Service and Alton Towers’ rope rescue staff are working at height to carefully release and treat the four seriously injured teenagers." A witness on the scene visiting the theme park, Danny Simm, said there was "blood everywhere". Mr Simm told The Independent: "A few people appeared to be injured but one man looked serious. Out of respect I didn't take any photographs. "An air ambulance arrived after 25 minutes. It wasn't handled well by Alton Towers staff." Mr Simm said park guests remained trapped on the ride. An ambulance service spokeswoman said: "Staff and medics are working quickly with resort staff to gain access to the seriously injured."
SELL MERLIN ENTERTAINMENTS BELOW 461.50 Target 458.50
Merlin has magic start: Merlin Entertainments the Owner of Madame Tussauds and Legoland Parks, said last week that it was having a steady start to the year as good weather across Europe helped the early holiday season. Revenue in the 18 weeks to May 2 increased by 7.2%, helped by the strength of the U.S dollar. Nick Varney, chief executive, said that there had been a good reaction to a number of new rides, such as the ‘Oblivion’ drop-coaster launched in Gardaland, Italy, in March, but that the weaker Euro might hit visitor numbers to the U.K this year. Expectations for the full-year results are unchanged, with the market forecasting pretax profits of £274 million, giving 20p in earnings per share. Merlin Entertainments at 462.9p. Questor says HOLD.
Just goes to show what the experts at CityAM know!! Hope too many people didn't take their gloomy comments on-board as Merlin hits an all-time high after GIC takes it's stake to over 5%.ATB.
March 5 (Reuters) - Britain's Merlin Entertainments , the operator of Madame Tussauds waxworks and Legoland, said Singapore sovereign wealth fund GIC Private Ltd nearly doubled its stake in the company to about 5.2 percent. Merlin said on Thursday that GIC raised its holding to about 52.6 million shares from about 27.6 million. Private equity firms CVC and Blackstone launched a sale of about 156.5 million shares earlier this week. Shares of Merlin, the world's second largest operator of visitor attractions behind Walt Disney Co, closed up 2.8 percent at 426.5 pence on the London Stock Exchange. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Saumyadeb Chakrabarty)
Merlin Entertainments Owners offload £650 million in company: Legoland Owner Merlin Entertainments saw shares slump after its private equity backers sold over £650 million of stock.
Just love this recent addition to my PF.
Results look fine. 6.2p dividend for the year and likely to rise in future years - a very cash generative business.
questor said avoid when they floated over a year ago and i ignored it and really glad i did as currently 20% up plus a divi. Questor, what do you know!!!!
LONDON-- Barclays PLC (BARC.LN) Thursday said members of the management team at the theme park operator Merlin Entertainments PLC (MERL.LN) have sold shares worth 31.7 million pounds ($49.7 million) in a placing. They sold 8.27 million shares at 383.9 pence each, said Barclays, which acted as joint bookrunner on the transaction. Following completion of the placing, Merlin's persons discharging managerial responsibilities, employees and their related interests will hold 33.9 million shares, about 3.3% of the issued ordinary shares, said Barclays.
Avoid Merlin as investors sell: Merlin Entertainments, the Owner of Alton Towers and Madame Tussauds, hailed a “strong performance” in its first year as a publicly traded company. However, Questor is concerned that growth levels won’t support a punchy share price valuation as private equity backers sell their stakes. The FTSE 250-listed leisure group said that a warm summer and The Lego Movie helped increase revenue across the company. Questor doesn’t think revenue is growing enough; in fact it is showing signs of slowing. The company increased group like-for-like revenue by 6.7% during the third quarter ended September 6, a slowdown from 8.1% like-for-like revenue growth in the first half. Merlin generates its revenue from three key parts of the business: Midway Attractions, which owns Madame Tussauds, London Dungeon and London Eye, makes up 45% of group revenue; Legoland Parks generates 29%; while Resort Theme Parks, such as Alton Towers, Thorpe Park and Warwick Castle, constitutes 26%. Legoland Parks is a global brand in countries such as America, Germany and Asia, and this means that while 40% of total group sales are still U.K.-based, 26% are in Europe, 20% North America and 14% Asia Pacific. Also, while the majority of revenue, 60%, is still outdoors and weather dependent, the rest is now indoors. The Legoland Parks business is growing strongly and reported revenue up 13.8% in the third quarter ended September 6. The largest part of the company, the U.K.-focused Midway Attractions, reported revenue up 3.2%, reversing a first-half fall in revenue. Resort Theme Parks increased revenue at a steady 4.2% during the third quarter, but this slowed from 7.7% like-for-like revenue growth during the first half. The other thing that concerns Questor is that, in addition to slowing revenue growth, cash generation is falling. Money made from operations was down £7 million to £140 million during the first half ended June 28. Once spending on the parks of £104 million and interest payments of £32 million are subtracted, the company only generated £4 million in free cash. There is also a rather large pile of debt. Net debt was £977 million on June 28, more than shareholders’ funds of £960 million. Merlin Entertainments at 381½p+10.4p. Questor Says “Avoid”.
refer to prior blog. Markets well up today but Merlin down? Anyone know why this one seems to move against the general market trend?
markets way down but Merlin up which is good news but why??
not sure track record so good and so would not take this comment too seriously
Sell Merlin before private equity do: Merlin Entertainments, the Owner of Alton Towers and Madame Tussauds, said that it had enjoyed like-for-like revenue growth of 6.7% during the third quarter. Merlin Entertainments increased group like-for-like revenue by 6.7% during the third quarter, a slowdown from 8.1% like-for-like revenue growth during the first half. Market consensus is for full year, pretax profits of £233 million, on revenue of £1.24 billion, giving 16.7p in earnings per share. Questor thinks that Merlin shares at 350p are far too expensive – trading on 21 times forecast earnings, falling to 19 times next year – for a company where revenue growth is slowing. Questor believes there is another problem hanging over the shares. The sale looks like a classic private equity exit. Private equity firms run funds that typically have a 10-year life span: they invest in assets such as Merlin for five years then sell during a five-year period. Blackstone invested in 2005 and CVC invested in 2010. Since 2010, Blackstone has already reduced its Ownership from 52%, and Questor thinks both private equity Owners are not in for the long haul. The other thing that concerns Questor is that, in addition to slowing revenue growth, cash generation is falling. Cash generated from operations was down £7 million to £140 million during the first half ended June 28. Once spending on the parks of £104 million and interest payment of £32 million are subtracted, the company only generated £4 million in free cash. There is also a rather large pile of debt. Net debt was £977 million on June 28, and putting that in perspective it is more than shareholders’ funds of £960 million. Questor believes this is an overvalued, low growth, private equity exit that investors should sell. Merlin Entertainments at 350.6p+10.1p Questor Says “Sell”.
on here, is it shock? Why has this fallen so very much? Has there been loads of shares dumped or what? Never any news, yet something is clearly going on.
for decades, yet the share price sliding out of view?
Merlin Entertainments warns unrest will hit Thai earnings: Political unrest in Thailand damaged Merlin Entertainments’ two Bangkok attractions and will suppress revenues for the rest of the year, the theme park operator said.
might have something to do with Harry Potter. Having said that there are enough kids begging to be taken to Merlin parks, so expect this to be hitting the 374-380 mark soon enough. Just a hunch as always..
any idea why big fall today?
Remembered a query here about MERL whether they rented or owned their attraction venues. There's an article in Shares Mag referencing SIR : AIM landlord of Alton Towers, Madame Tussauds London etc. and states its leisure assets are run by MERL on leases of 25 years. Don't know about US venues
Getting a little dizzy here....I see some II's sold some shares, which has no doubt caused the reversal !