Brighton Pier Group Plc (BPG) has traded remarkably well during the first 13 weeks of its financial year, with net sales up 44% versus the same period (pre-Covid) in 2019. BPG also successfully settled its business interruption insurance claims in full, meaning it will now receive £2m more in FY21E than we had forecasted (£5m in total). We update our FY21E forecasts to account for this, as well as materially upgrading our FY22E projections (Adj EPS raised 85% to 11.9p) to reflect the very positi ....
08 Oct 2021
Cenkos: Brighton Pier Group Plc -- 85% upgrade to FY22E Adj EPS
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Cenkos: Brighton Pier Group Plc -- 85% upgrade to FY22E Adj EPS
Brighton Pier Group Plc (PIER:LON) | 44.5 -0.2 (-1.1%) | Mkt Cap: 16.6m
- Published:
08 Oct 2021 -
Author:
Peter Renton -
Pages:
7
Brighton Pier Group Plc (BPG) has traded remarkably well during the first 13 weeks of its financial year, with net sales up 44% versus the same period (pre-Covid) in 2019. BPG also successfully settled its business interruption insurance claims in full, meaning it will now receive £2m more in FY21E than we had forecasted (£5m in total). We update our FY21E forecasts to account for this, as well as materially upgrading our FY22E projections (Adj EPS raised 85% to 11.9p) to reflect the very positi ....