Tom Winnifrith Bearcast: correction on Skinbiotherapeutics share sale, an SP Angel insider dealing scandal? And is Opti's Steve O'Hara a liar like Bidstack's Draper?
I have spent much of the last few days in California, mostly in Silicon Valley, on the final part of a global research and related tour. And very interesting it was too. Another time I will maybe share a few of the individual share insights from the company level interactions I had with names such as Tesla (TSLA), Alphabet/Google (GOOGL) and Apple (AAPL), but today's missive is just me starting to tidy up a few loose ends from the UK markets from the last two or three days.
I have written about Merlin Entertainments (MERL) before, noting back in February that 'from a stock market perspective it is a hard share to love as it seems to need to pour in a lot of capex to keep relevant and this crimps the valuation you would pay. Risk-reward feels more exciting in the lower third of the aforementioned 300-400p range'. Well the lower end of that share price range was (again) the area the share bounced from earlier in the week when it was announced that the activist investor ValueAct was agitating for change…
Since my October 2017 write-up, shares in Merlin Entertainments (MERL) have been stuck in a 300-400p range...and quite rightly so as the company has neither done terribly or wonderfully in the interim. Today's full year 2018 update saw most metrics creep forward…
Hello, Share Seekers. Merlin the magician was born in my neighbouring town of Carmarthen. Merlin, the theme park operator, could also magic some growth in its share price. As the world has more leisure time on its hands, thanks to the gallop of technology, many companies which offer ways of filling the time are going to prosper, in my humble view.
Hello, Share Finders. There are times when the figures are so encouraging that the urge to buy the shares is almost irresistible. I would suggest that is perhaps the case with Merlin Entertainments (MERL).
I have never written about Merlin Entertainment (MERL) before but i have certainly visited one of its leisure facilities religiously at least once a year for the last five years or so. Yes, I can attest that Legoland is actually damn good, clean family fun and due to the fifty minutes I spent in the queue for the new Ninjago ride the other month I have changed my specialist subject for any future Mastermind appearance.
Hello, Share Swirlers. There is a common kind of family which spoils its children rotten with entertainment cliches. You know, the two parents and two kids who just have to go to Disneyland, Legoland, Centreparks et al. A company which makes a load of dosh out of catering to this daft demand is Merlin (MERL). It operates Legolands here, there and everywhere, together with Thorpe Park, Chessington and Alton Towers. It also owns the ever-popular Madame Tussauds.
Hello Share Swappers. I’m not sure whether I’ve ever commended Merlin Entertainments (MERL) to your further examination, so let me do so now.
Hello Share Jigglers. It’s not easy to collect readers for my modest column at the mo. What with all the current excitement on this glittering website.
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