Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Picked up a few of these, been watching for sometime on hopes the F/Y nos are not a bad as forecast. Like the company as long as the UK continues to support the leisure sector. "Cool hand Luke" has his hard core supporters though this is likely a long'term hold rather than a quick-in-out.
Anyways I shall be going down to Brighton this summer to see how the operation runs and if shareholders are welcomed?
Opportunity for a big rerate from here....Far too cheap on all fundamentals
But a cash call will give it the "kiss of life." 10p soon.
Stargate,
Its been running at a P?E of around 3. Incredibly cheap!
RMT have sorted out their train strikes , hopefully ASLEF can have a quick resolution. Trans coming to Brighton will be a MASSIVE help
Truthfactory, can you give reasons, why PIER, is cheap? I am not experienced in examining fundamentals , as more of a chartist, myself, but happy to learn what to look for in an equity. Synopsised version, thanks .
You should have a little look at COM here, has more cash than the £7m cap and showing huge growth for a minnow.
Group revenue increased 49.7% to £31.0m (2021 restated: £20.7m).
· Gross profit up 44.3% to £24.4m (2021 restated: £16.9m).
· Adjusted EBITDA* before highlighted items of £6.3m (2021: £6.4m).
· Cash and cash equivalents balance at the period end of £9.9m and a net cash position of £7.7m (2021: £7.1m).
Cheap price in the 40's. The pier is always busy and there are crowds there at the moment...lots from Europe. The huge fire at the hotel opposite was just one of those things. 70p is a fair target on a fall in inflation.
This looks really cheap to me-I’m buying tomorrow
Gosh they have been soooo unlikely. If you grabbed the bottom HH personally I would sell out.
I don’t hold but have watch this one with interest as it really is a good pointed of economic health.
Usual caveats
Trek
+£58m in revs, top end! and as expected debt paid down, paying 9.1m or 44% surely is a bonus!
This one is a bit of an economic canary but with more folk staying home and good weather forecast for the summer we could be seeing 23 as a transformational year for Pier’s accounts. Could be debt free in 18 months!
Share price should be set to recover from here. Yikes!
Usual caveats
Trek
An uptick in trade volume the last week - perhaps anticipation of a decent trading update in January?
Pier has performed very well in recovering from lockdowns etc and management should be applauded for that.
The current market rejection is more about forward-looking statements IMO, with the broker figures being quoted by the FD on the last presentation not giving much hope to current or prospective new investors. A reduction in profit for FY23 was always going to be a tough pill to swallow, compounded by the extremely cautious outlook statement in the most recent results.
For me it's a great looking company but with the pressure on operating costs and margin expected over the next year or two, I would want the value to be lower in order to invest and expect a return.
The board have also stated that a dividend is a possibility in future but they would prefer to make acquisitions to grow the group. This could prove to be a great move over the medium to long-term but the market doesn't like the uncertainty right now.
I'll be keeping an eye on PIER and might have a nibble if it continues to drop but for now I'm watching from the sidelines.
A thoroughly disappointing price reaction to these ratger outstanding results. I suspect some were hoping to beat the recently issued trading statement and sold when they realised the accounts say pretty much what we were told to expect a few months ago. Somethi g that really can't be overlooked is the retained earnings balance. We have positive reserves (ok only a few hundred k) the point is the company can now legally pay dividends to shareholders. 12 months time if we are generating the same level of cash and profits they could pay a significant dividend (although I suspect they will choose to use this to acquire more businesses such as the recent purchase lightwater valley ). I haven't got into the detail of the accounts yet so perhaps there is a hidden horror to explain the drop.
Tax cuts won't make a difference here because the higher rate hadn't come into play. Its merely keeping the status quo.
Almost every company will say the same. Tax cuts will help
I guess spooked at the forward guidance not giving much clarity/confidence. Also the remaining debt is likely to get significantly more expensive to service if it isn't at a fixed interest rate.
Looks cheap to me. Brighton Pier is always busy and has lots of events....a Jazz festival soon .....so Winter is not an issue. One for me to watch to see if this falls further but i will buy a few today to start off.
Hoping for some positive share price movement in the upcoming weeks. June 22 results due to be published by the end of September. We have a pretty good idea how they will look per recent trading statement. I do hope they are accompanied by a trading statement for the 3 months to end of September. The company navigated the pandemic extremely well. I do think the cost of living crisis / inflation worries could play to the groups advantage. Less summer holidays overseas, more trips to Brighton pier and lightwater valley. Re lightwater acquisition, they said in the investor presentation the directors said there should be an immediate uplift in revenue (relative to previous owners results) by increasing food, beverage and gift offerings. Elephant in the room is cost of energy for small business. I think truss's package for small business is still to be announced but would expect the brighton pier group to address business impact in the upcoming report publication. Hopefully mitigated by Truss's intervention.
A very good statement again. 11m Ebitda with plenty of growth potential. A market cap of 33m. It’s a rather overlooked share, but probably one of those where you will wake up on one random day soon and find it has doubled (and still looks good value).
11m ebitda, more debt paid down. 40m FY revenue for first time in company history. There is a lot to like here.
Due by end of month per last rns
3 key dates gEnd of July for next trading update. End of September for the year to June unaudited accounts. End of April 23 for the year to 31 Dec 22 accounts.
Certainly looking up - but not an all time high in terms of share price!
They are still below where they were when I bought a few in Feb 2017. The all time high was about £1.90 back in 2014.
It is looking encouraging though - I might even break even at some point in the foreseeable future!
Brighton Pier continues to deliver great numbers and is now quietly at an all time high with lots of potential to develop Lightwater and the ability to acquire similar businesses in future. Surprising not to see more interest now