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Project LC

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About Project LC

  • Birthday November 2

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  1. What a mad rumor to come true. Never been a fan of Colossus due to how rough it is and the contortionist act you have to perform to get into the seat. If this fixes those issues I will look forward to what should be a good day trip.
  2. Interesting news today that ValueAct who is an activist investor (owns 9.3%) in Merlin wants to take the firm private following a fall in its share price. The board doesn't want to go private but as ValueAct has such a high percentage ownership it will be hard for them to ignore the pressure.
  3. Flat rides probably don't draw in guests. For Merlin's rediculously high rate of return targets its pretty clear why very few flat rides are built. They cant sell them as a world's first so they stick a bunch of actors to them to make them an "experience" which in turn leads to negative feedback due to the low throughput and the attraction being inconsistent. So they now have an expensive to run actor led experience that will last 1-3 years. This phenomenon is bad for the park but is being made significantly worse by the fact that the old flat rides have come to the end of their life. They need replacing. Which means instead of just all new attractions being inadequate and short lived, replacement ones now suffer the same fate.
  4. https://www.visittornadosprings.com/ What a charming advertising campaign. It would seem we have a date and details of what it involves looking at the website.
  5. Ok, we have reached the point of a joke. Nice early April fools Thorpe with that advert you would never let standards be that low . Oh hang on... Loggers mishandling, Old town/ghost town, Nemesis Inferno is filthy, dbgtrotd is still the worst Merlin investment to ever be made, Rumba is in a sorry state, tidal wave shortcut removed, twd is still horribly out of place, Swarm is looking dreadful, the dome is boring and empty, poor quality food, appalling social media team and then there is Colossus where there are not enough words in the English language to describe the sorry state that structure of rust is in.
  6. The introduction of ANPR would require full compliance with the British parking association regulations. This would involve paying monthly membership fees as well as getting the car park up to standard. There would be a massive increase in admin only to result in damage in brand reputation as they start issuing fines for people who don't pay. ANPR is not the solution.
  7. I do believe the park are still playing with the launches which is why the pov was released one launch at a time. I'm not sure if they are going to get faster but I suspect there is still some tweaking going on.
  8. Project LC

    Your Thorpe Park

    I am all for the public waking up to Merlin's dominant position in the market and forcing change on the company but negative press attention won't bring about that change. As people go elsewhere Varneys nonsensical business strategy kicks in where he treats the exercise as damage control and limits spending. The best way I see the parks getting better is Varney being kicked out and that will not happen while the shareholders and the board support him. What is needed is a a potential successor to be on the board while confidence is destroyed in his leadership. Unfortunately its an unlikely scenario. A likely change heading our way is an increase in competitors quality and new competition popping up. I think an unexpected consequence of the death of the high street will be the rise of smaller attractions taking advantage of reduced rent in large empty shops and warehouses. A market that Merlin will likely end up being pioneers of. Hopefully it results in improvements to the resorts as they end up competing with new comers, improving smaller parks and even themselves as they try and attract people out of cities.
  9. The gravel car park is to help with drainage. Sustainable urban drainage systems will often use gravel to slow down the rate water enters the ground and sewage systems as well as lakes and rivers. If the car park were to be tarmac then it would need significant drainage systems put in place which would cost a fortune for very little reward. The price hike seems to be money grabbing in the name of sustainable travel. If they want to encourage sustainable transport then they should use the car park money to improve public transport to the park.
  10. This is just the preliminary report and goes into little detail. What was published is the overall numbers for the group. They did cite that revenue in the theme park division is up 9.2% but this was helped significantly by the weather during the summer and strong performance during Halloween. The crash happened in 2015 so it's not exactly recent anymore. Also the group still grew revenue in 2015 (2.3%), 2016 (11.7%) and 2017 (11.6%). 2018 is currently looking to be between 5.2-5.9% revenue growth (to be finalised), which whilst still positive is no where near the success of the previous 2 years.
  11. The data reveals a slowdown in growth when compared to 2017, 2016 and 2015. Profits are still lackluster and the current direction implied by Varney is worrying to say the least. However they are better than I was expecting and seems to be inline with what the market's were expecting as the share price remains flat today. Sounds like they will be going down the Disney Quest route. Many expensive city centre locations with high numbers of staff and a constant battle to replace ageing attractions to get people to return. It could pay off but seeing as Disney didn't manage it I have my doubts on if Merlin can.
  12. An unnecessary expenditure for the park. They are restricted with capital so are unable to build a new half decent attraction and so have no choice but to try and focus on events to bolster the line up and sell as a reason to return. I suspect that they have very little impact on the parks revenue and advertising these events is just a way of reminding the public Thorpe Park exists. These events aren't going to turn anyone away but I doubt they will bring that many people in either. It just seems like a trick to get Merlin to release some capital for advertising so they can draw people into the park on the merits of existing attractions. Tomorrow will be a fun one when Merlin provide the preliminary financial results for 2018. That might be able to give us an insight into the lack of investment.
  13. A strong safety culture is always important and should always be a company's priority (I suspect Merlin also has this). On the railways it is estimated that a fatality will cost the railways £1.94m and that is the figure we use for cost benefit analysis tasks. For the entertainment industry this figure will be much much higher. Merlin can not afford a fatality, they were only just able to withstand an injury. It makes economic sense to have safety first and any member of staff that doesn't put it first shouldn't be working for Merlin. Some staff won't be saftey conscious but they will be the small minority. To suggest the company doesn't value saftey just doesn't make sense.
  14. Thorpe posted something about infinite possibilities for 2019 which has resulted in this gem of comment.
  15. Thorpe have tweeted a picture saying hypd. Currently the only information is a faded 2. The comments are rather optimistic.
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