UK Markets close in 38 mins

Planet Fitness, Inc. (0KJD.L)

LSE - LSE Delayed price. Currency in USD
Add to watchlist
40.27-42.22 (-51.18%)
As of 06:34PM GMT. Market open.
Sign in to post a message.
  • B
    Benjamin
    ⭐ Top Bullish Charts | January 2022 💰💵📈

    https://chart-analysis.tools/Bullish-Charts
  • H
    Hannah
    I'm no expert in exchanging but I have made $17,000 inside $1500 venture with Mr Davis Pierce, it's past enlightenment with his lessons and exchanging abilities. I've only proceed with progress. with the trading strategy given to me by Mr Davis Pierce
    His methods are top notch and profitable and He can be contacted easily on what**sapp +1 (702) 381‑3007 or te*le*gram @davispierce
  • J
    JT_kirk20
    do I hear a shoe dropping ?

    Planet Fitness To Raise $900M Via Debt Offering

    10:04 am ET January 26, 2022 (Benzinga) Print
    Planet Fitness Inc (NYSE: PLNT) has priced $900 million of Series 2022-1 Class A-2 Fixed Rate Senior Secured Notes.
    The series consists of two tranches, Class A-2-I with the principal amount of $425 million and Class A-2-II with $475 million.
    In addition to the Class A-2 Notes, the refinancing transaction also includes a $75 million variable funding note facility.
    The company plans to use a portion of the net proceeds to repay $556.3 million of the Series 2018-1 Class A-2-I Notes, and fund a portion of the previously announced acquisition of Sunshine Fitness in an amount up to $325 million.
    Planet Fitness expects the transactions to close on or around February 10, 2022.
  • K
    Keith
    Buy buy buy.Humans are social beings and obviously prefer exercising in sweaty gyms, even if not talking to each other there at all (!), than at home on a Peloton or any other machine.

    Long gyms and communal exercise franchises like Planet, Xponential and even F45 (dang expensive but some folk in San Fran and New York pay huge premia for coffees there).
  • K
    Keith
    Peloton down due to suspending production.Planet Fitness up.
  • K
    Keith
    Exercise stocks = Great market hedge as people who go to the gym, love going to the gym.It's part of their weekly routine and a sticky habit and they are health concious and see the gym as part of a hedge for their health.

    They already have some spare, disposable cash or they wouldn't go aren't stopping going unless their mortgage rates go sky high as gyms are affordable for most of these middle class folks, unlike a brand new EV or Tesla for example.

    No wonder the market agrees as exercise stocks haven't tanked with the general s&p or dow on rates worries.
  • P
    Peter
    Buried in the press release: Planet Fitness still only has 15.2M members as of year end 2021 with 2,254 locations. The per store member count of 6,743 is 5.3% lower than the average of the per store member count from 2018-2020.
  • P
    Peter
    Buying out large franchisees is a desperate move that does not benefit shareholders in any way.
    Not only did they likely pay way too much money ($7M/store), but this also means the PE firm is done investing in the brand, and it means Planet Fitness has assumed the long term risk of these locations becoming unprofitable due to cost inflation.
  • T
    Tombo3
    I don’t see how this company can make money when a yearly membership is about $150. Each location can’t have 10,000 members so I don’t see how it makes money.
  • J
    JT_kirk20
    so let's say PLNT earns 1.86 in 2022 now how much dilution happens to share holders ?
    that still leaves a PE of 103 for fiscal yr 2022
    does anyone believe this will grow 100 % a yr in the future ???
    just the sales of peloton alone has reduced gym membership for yrs to come.
    plus aging population
  • J
    JT_kirk20
    why did Rondeau Christopher sell at 96 if this deal is so great ?
    They had to know it was coming

    https://www.secform4.com/filings/1637207/0001562180-21-006978.htm
  • B
    Benjo
    I am looking for good entry.
  • J
    JT_kirk20
    Planet Fitness, Inc. and subsidiaries
    Notes to Condensed Consolidated financial statements
    (Unaudited)
    (Amounts in thousands, except share and per share amounts)

    (2) The Company’s Variable Funding Notes are a variable rate loan and the fair value of this loan approximates book value based on the borrowing rates currently available for variable rate loans obtained from third party lending institutions. The estimated fair value of our fixed rate long-term debt is estimated primarily based on current bid prices for our long-term debt. Judgment is required to develop these estimates. As such, the fair value of our long-term debt is classified within Level 2, as defined under U.S. GAAP.

    what happens as rate go up ? like today 1.66 on 10 yr
  • J
    JT_kirk20
    more fantastic Analyes coverage
    they just pump because they make a fortune on these big deals
    maybe 8 million on this one, so why not throw them a bone and praise them
    in a bull s it report ?

    DA Davidson analyst Linda Bolton Weiser raised the price target on Planet Fitness Inc (NYSE: PLNT) to $110 from $105 and kept a Buy rating on the shares, implying an upside of 18%.
    The analyst noted the company's $800 million deal to acquire 114 locations from its top franchisee, Sunshine Fitness, which should be about 15c-20c earnings accretive to 2022 EPS as a positive point.
    Linda also noted the better than expected preliminary 2021 metrics update as helping the company's prospects.
    Morgan Stanley analyst Brian Harbour raised the price target on Planet Fitness to $106 from $101 (14% upside) and maintained an Overweight rating.
    Member gains and 2021 development ahead of guidance reinforce the key elements of his Overweight thesis and set Planet up for a favorable 2022, Harbour notes.
    Planet Fitness announced yesterday that it agreed to acquire Sunshine Fitness Growth Holdings, LLC, an owner and operator of more than 100 Planet Fitness clubs in the Southeast U.S., in a cash and stock transaction valued at $800 million.
  • J
    JT_kirk20
    If you’ve made up your mind to cancel your membership, there are two main ways to do that.

    The first is to personally cancel the membership.

    The second is to send a certified letter.

    As a third option, you can try Cancel My Gym Online. When this article was originally published, there was an option for Planet Fitness. But unfortunately, it seems CMGO has removed Planet Fitness from its list of compatible gyms at this time.

    Whenever canceling your membership, make sure to read the contract you’ve agreed on. By informing yourself about your contract, you can avoid unnecessary additional charges when canceling your membership.
    How to Cancel Planet Fitness Membership in Person

    Canceling in person is the best method to use but it may not be applicable for all. For this method, here are the steps to follow:

    Take Note Of All The Information You Need – Prepare all the information needed to cancel your membership. Such information would include your membership identification number and some personal information such as your date of birth, address, driver’s license, social security number, etc.

    https://luxeluminous.com/canceling-planet-fitness-membership/
    Canceling Planet Fitness Membership isn't easy. It's a good gym, but once they have you, they don't want to let go. See how to cancel Planet Fitness membership!
    Canceling Planet Fitness Membership isn't easy. It's a good gym, but once they have you, they don't want to let go. See how to cancel Planet Fitness membership!
    luxeluminous.com
  • J
    JT_kirk20
    am sure this hedge fund sold at a cheap price
    Tsg Consumer Partners is a private equity company based in San Francisco, CA. They operate 9 private funds and have approximately $5.13 billion in total assets under management (AUM). You can view more information on Tsg Consumer Partners including private fund info, contact info, top management and executives, website, email addresses, and more below:

    Sunshine Fitness was the first franchisee in the Planet Fitness system and has been backed by TSG Consumer Partners ("TSG") since 2017. Sunshine Fitness operates 114 locations in Alabama, Florida, Georgia, North Carolina, and South Carolina that will be combined into the current Planet Fitness company-owned portfolio, which is predominantly located in the Northeast. Upon closing of the transaction, Shane McGuiness, Co-Founder and CEO of Sunshine Fitness, who has been an owner and operator in the Planet Fitness system for nearly 20 years, will oversee operations of the combined corporate store portfolio.

    "We are excited to announce the acquisition of Sunshine Fitness, one of our best-performing franchisees in the system, with locations that will provide geographic diversity to our current corporate store portfolio and that are in markets with a long runway for future store development, " said Chris Rondeau, Chief Executive Officer of Planet Fitness. "Owning corporate stores is an important part of our strategy, as it gives us both relevancy and credibility when making decisions that impact the entire system. Additionally, joining our corporate team is a management team that has built some of the highest store-level profit generating locations in our system which will enhance our corporate store leadership and capabilities."
  • J
    JT_kirk20
    I just saw my fav youtuber
    Maverick on wall st recommending this
    over bloated trash ?
    I mean really just look at the fundamentals
    what's going on here Book Value -7.93
    doesn't that mean they owe more than they are worth ?
    Is this paying a div like a REIT ?

    I will stay with my bet that most Americans are lazy when it
    comes to exercising, they mean well but it's hard to stick with a plan for more that
    a few months after new years resolution.
  • J
    JT_kirk20
    How does this stock have a negative 7.93 book value ?
    so in a bankruptcy you would owe them
    who would loan anymore money to them ?
  • J
    JT_kirk20
    Planet Fitness Price Target Raised to $106 at Morgan Stanley LOL !!!!

    where is the SEC ? They need to verify nobody connected to MS
    has anything to gain by Pumping PLNT ...
  • J
    JT_kirk20
    I see no way PLNT does not fall below 80
    this is crazy valuation in the middle of a pandemic ????
    are the gyms in Cal and Ny still open ?