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Peel Hotels Share Discussion Threads
Showing 301 to 324 of 325 messages
|Prospects for 2017 look pretty good. Lots of visitors to the UK with a weak £ and more people holidaying at home. No doubt cost pressures are a problem, but revenue increases should just about outstrip cost pressures in my view. The share price is very strong. Excellent!|
|Yes looking good Des.|
|Steady as she goes. Reduction in Net Debt is very strong. NAV = 171p.|
For completeness it should be noted that PHO also has £10m in debt making an enterprise value of approx £26m.|
|Clearly cheap lanzorote, just a matter of holding until the time is right for the Peels to retire.|
|All quiet on the PHO front, with a market value of £16m at current share price.
I cannot help but think we are still undervalued. PHO own nine hotels with c730 rooms.
Jupiter Hotels have just purchased three hotels in Darlington, Dumfries and Sheffield for a price around the £12m level.
'The acquisitions are part of Jupiter Hotels' plans to continue expansion across the UK'
|Hi Des, thanks for your post re Thwaites (THW) and PHO. You're right that Thwaites is more complicated and less liquid. But the marked discount to tangible asset value really seems to me to reduce the risk.|
|An interesting point regarding Bespoke Hotels Limited. Looking at its accounts its only a small company with abbreviated accounts. Nevertheless, it looks like it made a profit of £0.9m in the year to March 15 with about £1.6m of net assets. Looks like its growing nicely. It could well be a nice fit with Peel Hotels. I've no problem with him not being independent as long as he works well with Mr Peel and obviously he does!|
|DW - good post. Unfortunately I only recently alighted upon PHO but was only able to buy a piffling holding sub 100p - immediately moved up with the next offer for any reasonable size at 105p! Should have taken that....but the rest is history. Left with a 5k holding; though they still look good value I have to admit...
I like VALUE/ASSET stocks, so at the moment I'm 55% invested in Private Equity trusts where 25%-30% discounts are still commonplace.
My latest BUY just today is Harbourvest (HVPE) - see that thread. A 29.6% discount suggests undervalued versus their peers, so looking for a 10% uptick.
Can you or anyone else here recommend any other good asset plays. I've cashed in a few winners recently, so casting the net...|
|A few things put me off THW. Illiquidity on Plus Markets has to be the main one but there are also the issues of the controlling family (also true at PHO but somehow different IMO), the declining fortunes of pubs and finally its increased size and complexity vs PHO (it has a defined benefit pension scheme for instance).
But these days I am extremely risk averse so what do I know. Good luck with it.
I think PHO investors can take considerable encouragement from the repeated actions of the Peel brothers for the benefit of all shareholders and this is not always true elsewhere. They are both very wealthy which is a good sign as they don't get into the grubbiness that we see elsewhere on AIM. Finally their age is a positive (if not for them then at least for the rest of us. comment made with the best of intentions).
I'm sticking with PHO for a while yet.|
|I bought in here back in spring 2014 when the price was in the mid 30s and the discount to asset value was unjustifiable, given that they looked hihgly unlikely to go bust.
I've been building up a position in THW - Daniel Thwaites - for some time. This stock seems to me to be as undervalued as PHO was when I first bought in. Are there any comments? I have no special understanding of hotel stocks. I merely buy when discount to net tangibles look grotesque.|
|Moving higher this morning again on what appears to be a sell.|
|Seems a distinct possibility Des.|
|One wonders whether reversing Bespoke into Peel is the plan with RP as Chairman and HF as CEO.
Stock has dried up which is nice.|
RNS Number : 3762F
Peel Hotels PLC
27 July 2016
27 July 2016
The following amendments have been made to the Appointment of Non-Executive Director' announcement released on 22 July 2016 at 9:46 under RNS No 9808E.
Addition of Appendix.
All other details remain unchanged and the full amended text is shown below.
Peel Hotels Plc (the "Company")
Appointment of Non-Executive Director
Peel Hotels Plc is delighted to announce the appointment of Haydn Fentum, as Non- Executive Director, to the Board of Peel Hotels Plc.
Haydn Fentum, aged 46, is Co-Owner and Chief Executive of Bespoke Hotels Limited which primarily specialises in Hotel Management and Sales and Marketing Contracts on behalf of Independent Owners. Bespoke have some 120 Contracts worldwide, the majority of which have been initiated and negotiated by Haydn Fentum.
Robert Peel, Chairman of Peel Hotels Plc, has said 'I am delighted that Haydn has agreed to join our Board and we can only but benefit from his wealth of experience within our Industry.'|
|LOL cosy is probably the wrong word as he wouldn't be on his own in admiring Robert Peel.|
|Our new NED may be an interesting character but he will certainly not be very independent or challenging to any board decisions...
Robert Peel, Chairman of Peel Hotels Plc, has said 'I am delighted that Haydn has agreed to join our Board and we can only but benefit from his wealth of experience within our Industry.'
Haydn said (in 2011)
Proudest business moment: Sale of Furlong Hotels and creation of Bespoke.
Business mentor: Robert Peel.
I am sure Robert is a great mentor and Haydn has experiences but it feels rather cosy to me.|
|Good to see you here Skyship, yes I think our seller has finally dried up so any buying is pushing these higher. Hi topvest yes he has the right talents given his previous experience.|
|That's certainly an interesting non Exec appointment. Think the Peel's must be looking at the end game here and either doing a reverse takeover, buyout or bringing in a new management team. Can't imagine that they want to go on forever and risk having to go through another recession.|
|So, bought 5k first thing this morning @ 99.74p....all I could get. Went back for more but someone else bought 1000, then no longer on offer! Now 102p Bid.|
|Hi Skyship. The last I've pencilled in the NAV was 170p so quite an upside to current m'cap in any sale scenario.|
In the past I've done well with hotel stocks; but that was a long time ago - c14yrs ago when both Jarvis and something like Old Country hotels were both taken over - the latter by Greene King.
PHO is a bit of a leap of faith with the Peel bros owning 63%!
Do we have any idea what the underlying NAV may be?|
|Yes agreed great to have him onboard.|