Peel Hotels Share Discussion Threads

[playful] 12/10/2011 09:51

It was nice to see Robert acknowledge shareholders have "contend with a great deal of late" and I'm happy to see they have upped the discount available so I might actually book a trip to Bradford to see what I have actually invested in

[lord c.] 04/10/2011 11:39

Several hotels I know are reporting an alarming drop in September revenues. Normally September/October are two of the strongest months but not this year it seems. As reported earlier, contract advance bookings for next year look to be way down.
Peel are neither fish nor fowl.Further to fall methinks.
AS I said not for w&o.

[topvest] 30/9/2011 15:03

Seems to have gone down by 30% because of 12,000 or so shares being sold. Just no buying and MMs don't want to take the stock I guess? Haven't got the stomach to buy any more, particularly before the interims next month. May not be as bad as it looks.

[goliard] 30/9/2011 14:02

Long time since I looked at this. I can only imagine it is the debt that is proving hard to manage. Is anything a buy at the moment?

[topvest] 30/9/2011 13:44

ouch...either this is in trouble or its a very strong buy at this level. Anyone know what's going on?

[lord c.] 05/9/2011 10:23

Next couple of years are going to be tough for Peel.
Next year is not looking good for the 'middle market' hotels as they get squeezed both sides. Forget the Olympics - will not influence year end results as other hotels predict long term contract bookings substantially down for 2012. One would think poor pound would help but Europe and USA will be staying at home next year.
Not for w&o.

[topvest] 17/5/2011 19:54

Had a read through the Annual Report. Somewhat encouraging that the 2 exec directors only took £48k in total in salaries and Mr Peel lent the company another £0.5m (£1.5m in total) at 2.5% over base or 3% rather than be at the mercy of the banks wanting excessive margin. It is very clear that their interests are aligned to getting through this and with 30+ years of experience you wouldn't bet against them.

This year we should see operating cash flow of £2-3m with no net capex (after disposals). This should leave enough to continue to reduce the higher cost debt - a couple of years out, this should be in much better shape in my view. A management contract of some kind would be a bonus. Anyway, I do think that they will do the right thing here and rebuild shareholder value back to £1.50+ in the medium term.

[topvest] 12/5/2011 08:33

Results out. No dividend, but looking better.

Debt reduced. Profitability improved. Asset sales.

Particularly like the mention of management contracts - hopefully they have these close to being finalised, or why mention? Would help profitability.

Medium term once the debt and swaps are sorted (and they are manageable on no material improvement of trade) and this will be much better placed.

Interest cost is very high for the £13m or so of debt they have, but in 3 years the swap will have gone if not bought out before this and things will be much much better.

[vraic] 29/10/2010 10:23

Tipped today speculative buy Money Week

[goliard] 15/10/2010 07:52

I can't get my head round whether these are cheap due to the underlying property assets, or if they could really sell the property at book value. What they really need is a recovery in trading to see a good rise. I will stay out for now as in any event, they aren't looking to sell the property. Difficult one to call IMO, but there is value somewhere.

[topvest] 14/10/2010 21:52

Yes, still very undervalued at about 50% of book value.

[playful] 14/10/2010 15:36

Nice jump today

[topvest] 13/10/2010 22:00

Slightly better results and outlook here. Maybe a dividend at the full year if improvements continue.

[topvest] 20/9/2010 21:51

Yes, its certainly cheap. Next results will be interesting.

[playful] 20/9/2010 12:07

Bought in today, just too cheap in my view.

[tricky1992000] 07/7/2010 21:24

on my watchlist but don't fancy catching a falling knife

[topvest] 07/7/2010 21:17

At 1/3rd of NAV looks tempting!

[topvest] 08/10/2009 07:48

No interim dividend, but the prospect of something at the full year. Tough trading, but they seem to be doing all the right things and making some progress.

[topvest] 16/4/2008 21:07

Discount to NAV, strong trading, no debt, 18.5p dividend....should I go on!...excellent results.......very stronly positioned to pick up distressed assets later on this year.

[bird of dawning] 03/3/2008 19:58

I guess thats something almost unique in a stock selling at well below its NAV and on a low price/sales of 0.6 plus a projected 30% increase in 2009 earnings? Also with 7.7% operating profit along with a 50% dividend payout at 2.9% thats been progressive over the last 5 years......I reckon I'm buying into PHO tomorrow!
Regards bod

[topvest] 19/2/2008 21:20

This is picking up nicely. With the benefit on hindsight, didn't they deleverage at exactly the right point in the asset bubble...well done...great time to be ungeared!

[topvest] 31/8/2007 18:25

Just noticed the RNS - quite an announcement!

Trading good, asset sales at a substantial premium to book value to leave a debt free hotel group. Looks like very good timing to me, even if they have sold their best asset. Very opportunistic!

[chiva20] 04/7/2007 13:30

This stock ticks all the boxes. Suprised to see little comment.

[topvest] 15/4/2007 17:30

Results looked quite encouraging. Looks like things are heading in the right direction again!

[topvest] 25/3/2007 12:44

All very quiet. Looks like the land disposals didn't complete last year. With profitability hopefully trending upwards, 2007 might be a better year trading wise. Its very unclear what the real NAV is on this one!