New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (31% average weekly change). Earnings have declined by 2.0% per year over the past 5 years. Market cap is less than US$10m (UK£4.75m market cap, or US$6.32m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • Apr 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 2.0% per year over the past 5 years. Market cap is less than US$10m (UK£2.52m market cap, or US$3.27m). New Risk • Mar 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£7.64m (US$9.89m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 2.0% per year over the past 5 years. Market cap is less than US$10m (UK£7.64m market cap, or US$9.89m). Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change). New Risk • Jan 15
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£7.83m (US$9.56m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 2.0% per year over the past 5 years. Market cap is less than US$10m (UK£7.83m market cap, or US$9.56m). Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change). New Risk • Jan 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.0% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (UK£8.76m market cap, or US$10.8m). Reported Earnings • Oct 02
First half 2024 earnings released: EPS: UK£0.004 (vs UK£0.096 loss in 1H 2023) First half 2024 results: EPS: UK£0.004 (up from UK£0.096 loss in 1H 2023). Revenue: UK£13.9m (down 14% from 1H 2023). Net income: UK£151.0k (up UK£3.75m from 1H 2023). Profit margin: 1.1% (up from net loss in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. New Risk • Oct 01
New major risk - Revenue and earnings growth Earnings have declined by 2.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.0% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (UK£12.5m market cap, or US$16.6m). New Risk • Jul 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (UK£12.5m market cap, or US$16.1m). Announcement • Jun 02
The Brighton Pier Group plc Announces Appointment of Duncan Garrood as Non-Executive Director The Brighton Pier Group PLC announced the appointment of Duncan Garrood, CEO of the Empiric Student Property plc, has been appointed a Non-Executive Director of The Brighton Pier Group PLC with effect from 31 May 2024. Reported Earnings • May 09
Full year 2023 earnings released: UK£0.20 loss per share (vs UK£0.11 profit in FY 2022) Full year 2023 results: UK£0.20 loss per share (down from UK£0.11 profit in FY 2022). Revenue: UK£34.8m (down 12% from FY 2022). Net loss: UK£7.54m (down 277% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. New Risk • Apr 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (UK£17.0m market cap, or US$21.2m). New Risk • Dec 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (UK£13.9m market cap, or US$17.5m). Reported Earnings • Sep 26
First half 2023 earnings released: UK£0.096 loss per share (vs UK£0.011 profit in 1H 2022) First half 2023 results: UK£0.096 loss per share (down from UK£0.011 profit in 1H 2022). Revenue: UK£16.2m (down 6.5% from 1H 2022). Net loss: UK£3.60m (down UK£4.02m from profit in 1H 2022). Revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Sep 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 62% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 62% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (UK£14.4m market cap, or US$17.6m). Announcement • Jul 26
The Brighton Pier Group PLC Provides Revenue Guidance for the Six Months Ending 25 June 2023 The Brighton Pier Group PLC provided revenue guidance for the six months ending 25 June 2023. Total sales for the six months ending 25 June 2023 are expected to be in the region of £16.2 million. New Risk • Jul 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (UK£15.9m market cap, or US$20.5m). Announcement • Feb 15
The Brighton Pier Group PLC to Report Q2, 2023 Results on Apr 24, 2023 The Brighton Pier Group PLC announced that they will report Q2, 2023 results on Apr 24, 2023 Announcement • Nov 23
The Brighton Pier Group PLC Announces Demise of James (Jim) Fallon, Senior Independent Non-Executive Director The Board of The Brighton Pier Group PLC report the death of Senior Independent Non-Executive Director James (Jim) Fallon. His fellow Board members and all his other colleagues are deeply saddened by his passing. Jim was instrumental in leading the IPO of the Company to AIM in 2013, stepping down from the role of Chairman in June 2015 and continuing as the Group's Senior Independent Non-Executive Director, a role he fulfilled until this week. Announcement • Nov 17
The Brighton Pier Group PLC, Annual General Meeting, Dec 06, 2022 The Brighton Pier Group PLC, Annual General Meeting, Dec 06, 2022, at 13:00 Coordinated Universal Time. Location: Horatio's Bar, Brighton Palace Pier, Madeira Drive, BN2 1TW Brighton United Kingdom Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Paul Viner was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 26
Full year 2022 earnings released: EPS: UK£0.15 (vs UK£0.12 in FY 2021) Full year 2022 results: EPS: UK£0.15 (up from UK£0.12 in FY 2021). Revenue: UK£40.1m (up 196% from FY 2021). Net income: UK£5.76m (up 35% from FY 2021). Profit margin: 14% (down from 32% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Paul Viner was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improved over the past week After last week's 16% share price gain to UK£1.06, the stock trades at a trailing P/E ratio of 5.7x. Average forward P/E is 21x in the Hospitality industry in the United Kingdom. Total returns to shareholders of 119% over the past three years. Reported Earnings • Mar 30
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down UK£2.66m from profit in 1H 2021). Profit margin: (down from 32% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 29
The Brighton Pier Group PLC Provides Earnings Guidance for the Year Ending June 2022 The Brighton Pier Group PLC provided earnings guidance for the year ending June 2022. In light of these strong half year results and robust current trading performance detailed above, the Board expects profits for the 52 weeks ending June 2022 to be ahead of market expectations. Reported Earnings • Nov 02
Full year 2021 earnings released: EPS UK£0.12 (vs UK£0.26 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: UK£13.5m (down 40% from FY 2020). Net income: UK£4.28m (up UK£13.8m from FY 2020). Profit margin: 32% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Jun 18
The Brighton Pier Group PLC (AIM:PIER) acquired Lightwater Valley Attractions Limited for approximately £5 million. The Brighton Pier Group PLC (AIM:PIER) acquired Lightwater Valley Attractions Limited for approximately £5 million on June 17, 2021. The acquisition will be funded from a £2 million extension to the The Brighton Pier Group's revolving credit facility and existing cash resources. Lightwater Valley Attractions Limited reported total assets of £4.1 million, revenue of £2.4 million, EBIDTA of £0.4 million and net loss of £0.6 million as of February 28, 2021. The team of Lightwater will join The Brighton Pier. The transaction is expected to be immediately earnings accretive post completion. Stephen Keys and Callum Davidson of Cenkos Securities plc (AIM:CNKS) acted as financial advisor to The Brighton Pier Group PLC.
The Brighton Pier Group PLC (AIM:PIER) completed the acquisition of Lightwater Valley Attractions Limited on June 17, 2021. Is New 90 Day High Low • Feb 22
New 90-day high: UK£0.34 The company is up 3.0% from its price of UK£0.33 on 24 November 2020. The British market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 13% over the same period. Is New 90 Day High Low • Dec 21
New 90-day low: UK£0.28 The company is down 16% from its price of UK£0.34 on 22 September 2020. The British market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 28% over the same period. Reported Earnings • Nov 04
Full year 2020 earnings released: UK£0.26 loss per share The company reported a poor full year result with weaker earnings, revenues and control over expenses. Full year 2020 results: Revenue: UK£22.6m (down 29% from FY 2019). Net loss: UK£9.49m (down UK£11.7m from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 75% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings.