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PHO Peel Hotels Plc

50.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Peel Hotels Plc LSE:PHO London Ordinary Share GB0002583606 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 50.00 50.00 60.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Peel Hotels Share Discussion Threads

Showing 76 to 100 of 550 messages
Chat Pages: Latest  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
30/8/2013
13:14
New recent highs :)) Shares traded at £1 in 2010.
battlebus2
21/8/2013
09:09
Another tick up on no volume bodes well for further upside imv. Had a nights stay recently and was impressed by the hotel staff and food quality.
battlebus2
19/8/2013
08:35
Decent tick up along with that 10k buy.
battlebus2
20/6/2013
16:27
Given time i hope it gets on to more peoples radars, good to be in early i guess.
battlebus2
20/6/2013
14:38
This is a very attractively valued company so I'm surprised it doesn't attract more interest.
playful
20/6/2013
07:02
Strange trade of nearly 40k at 48p showing as late. Decent buy if correct.
battlebus2
10/6/2013
19:57
Yes, nice to see it recovering. I have enough of these, so happy to hold until things improve next year and us long suffering holders hopefully get some reward. Many hotel groups wouldn't have survived the last couple of years, but Peel have a greatly experienced senior management team that have given financial support to keep their passion going. Hats off to them. Most would have run the company into the ground and bought out of administration!
topvest
10/6/2013
14:08
Great to see these moving with every little buy now, may add more myself given the expected return to dividends. Very cheap at under 50p.
battlebus2
05/6/2013
22:16
The case below is the key one to follow.

However, it is obvious that interest rates have plummeted beyond recognition so all swaps went to a loss. That is not the fault of the banks and does not create a claim. A good example of where there might be a claim is a 5 year bank loan (which gets called after 5 years) and a 20 year swap, as the 20 year swap is inappropriate because the risk of closure after 5 years.

A 5 year loan and a 5 year swap is hardly misselling it is just expensive because interest rates went down. That is simply a description of a swap acting as a hedge, it limits/eliminates the downside, but restricts/eliminates the upside.

"Stuart Wall, the founder of Opal Property, a provider of student accommodation in Manchester that went into administration this week, is suing Royal Bank of Scotland over a swaps contract. The case could be one of the most significant to date, with Opal seeking £170 million. RBS denies the claim."

hxxp://lexlaw.co.uk/solicitors-london/the-times-banks-secretly-settling-swaps-mis-selling-cases/

scburbs
05/6/2013
22:03
I talked with Robert Peel today and asked him if he felt we had any recourse on being mis-sold our interest rate swap and he said they are monitoring certain test cases, but the FSA seem to think only SME's have a valid claim at the moment and we are deemed a 'sophisticated' customer so should have known better which doesn't seem fair in my view.

You can see the FSA criteria on the flow chart below but I personally feel the risk reward to any legal challenge is strongly in shareholders interests to pursue.

www.fsa.gov.uk/static/pubs/other/irs-flowchart-2013.pdf

playful
05/6/2013
07:02
Yes, good steady progress and only £0.5m or so to go on the swap.

This is interesting..."Since 24 April 2002 (the date of the loan) we have paid more than £2,750,000 additional interest than might have been the case had we not been forced into taking up the financial derivatives imposed upon us by our Bank (initially a cap and collar and a 'roller coaster' on our loan and latterly the 'roller coaster')."

One does wonder whether they will be pushing for compensation at some point. Anyway with £12m of debt, then the interest cost should roughly come down by 50% once the swap ends.

topvest
05/6/2013
06:52
Yes, me too.

For any potential investors it is worth reading the page below to understand the company ethos:

http://www.peelhotels.co.uk/about-peel-hotels/

playful
05/6/2013
06:48
Yes he seems to genuinely care about shareholders. I also like the shareholder discount.
battlebus2
05/6/2013
06:37
Once the swap ends the share price will react accordingly and we should see a great yield.

I have always liked the tone of the chairman's statements especially his empathy for both shareholders and staff.

playful
05/6/2013
06:30
Looking forward to the reintroduction of dividends. Historic payments totalled around 5p which would mean a decent % in todays terms at even half that.
battlebus2
05/6/2013
06:21
Highlights
-- Turnover increased 4% to GBP15,233,026 (2012: GBP14,647,126)
-- EBITDA increased 9% to GBP1,698,060 (2012: GBP1,557,655)
-- Operating Profit up 53% to GBP560,979 (2012: GBP365,630)
-- Net debt decreased GBP477,258
-- Loss before tax of GBP97,411 (2012: Loss of GBP227,802)
-- Earnings per share basic and diluted 0.03p (2012: 0.01p)

'The Group achieved a modest improvement in the Financial Year ended 3 February 2013. We have trimmed our overheads and hope to further improve our EBITDA in the current Year. The cost of Finance is coming down, albeit slowly but this will accelerate when the swap falls away in April 2014.'

Nick Parrish sounds a good choice to place Norbert Petersen

"The positive news is that in financial year 2014/2015 substantial on going savings will be made on the back of the swap falling away. This will dramatically improve our profitability and give us wider options in terms of increasing capital expenditure, accelerating debt repayments and paying dividends to our loyal and long suffering Shareholders."

Slow progress but we are certainly going in the right direction and feel fairly certain the dividend will be reintroduced next year so loyal shareholders will see a good ROI.

playful
05/6/2013
06:15
A steady performance with a small increase in EBITDA and all to come in 2014 with the swap.
The positive news is that in financial year 2014/2015 substantial on going savings will be made on the back of the swap falling away. This will dramatically improve our profitability and give us wider options in terms of increasing capital expenditure, accelerating debt repayments and paying dividends to our loyal and long suffering Shareholders.

battlebus2
25/5/2013
08:32
Missed the re-financing announced earlier in the month, but good news I think. Prospects are really looking up here with the dreaded swap only having less than a year to run. That and improved trading should pave the way for dividends again. If the swap counterparty is RBS I wonder whether a deal has been done on the refinancing - i.e. Peel won\'t claim for compensation on the swap if the borrowings are extended etc?
topvest
18/2/2013
19:18
Very interesting.
battlebus2
18/2/2013
19:05
It has just occurred to me that we may have been mis-sold our swap and are due for some compensation. The movement on the swap in 2012 was a loss of £586,375.
playful
18/2/2013
15:47
Another decent size buy :)
battlebus2
05/2/2013
20:31
Playful that's very nearly a bogof :))
battlebus2
05/2/2013
14:22
Started buying shares in Beale today and guess where they are holding their AGM? In Peels Norfolk Royale Hotel, so that's my accommodation sorted!
playful
04/2/2013
08:50
Hmm - yes, looks like something is going on to me - either materially better trading or some sort of deal. The latter is probably more likely, but time will tell.
topvest
04/2/2013
08:33
Attracting a bit of attention this morning, could see a strong rise to 70p looking at the chart.
battlebus2
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