Pphe Hotel Share Discussion Threads

[ice cream] 20/11/2001 15:19

BRUNO
As a small investor Iam worried about propan at the moment.Could explain youre last statement thanks.
ps arent results due soon?

[bruno] 20/11/2001 14:57

Johndee

Ask yourself why the price hasn't responded to the large sale!

[johndee] 20/11/2001 13:43

The main reason why Propan Homes keeps going down may have something to do with Stephen Dean. Since he lost his temper with Enterpriseasia instead of minding his own business everything he has had connections with has gone to the dogs. You only have to look at Artisan to see that. Artisan is a brilliant company but people have just gone completely off Stephen Dean.I have or have had shares in all three companies and Stephen Dean should have left Enterpriseasia alone. Whether he was right or wrong we will never know but he was outvoted. The problem is that he has cost private investors dearly.

[ice cream] 20/11/2001 13:35

Why has this not been reported under rule 8?

[bruno] 20/11/2001 09:30

BSG.

Propan Major Shareholders:
61.43m 10p Ords - Ms Louise C Johnson 21.66%, Artisan (UK) PLC 14.66%, A D Johnson 41.85%, Other Dirs 0.33%.

14.165 Million shares sold yesterday represents 23% of Propans shares. Looks to me as though it could be one of the Johnsons...and if it is who's buying?

Any views?

[bsg] 19/11/2001 19:41

Gulp !! 7Mil sold even an mm selling, whats going to happen now ?

edit: make that 14Mil.

[bsg] 04/10/2001 19:49

Why all the selling over the last two days ?

[ewnw11314] 24/9/2001 20:13

good shares are brought down as well as bad at times like these propan is a good company

[jerc] 21/9/2001 19:13

'ice cream'- not sure that now is a good time 2b new to the mkt !
Bulletin boards are also the last places to get any info frankly.
Too much ill-informed rubbish floating about.For all you know,
I'm a complete idiot!
Research your company yourself & only trust your judgement
when you're confident you fully grasp what's going on.
I will say that Propan is worthy of your attention though.
Good luck !

[ice cream] 21/9/2001 17:09

"jerc"-Thanks I hope your'e right,Iam new to the stock market can you explain the slack in the price bit to me.


REGARDS

[jerc] 21/9/2001 10:27

"ice cream"- propan caught up in the general rush for the exits.
The forecast to yr. end Mar.2002 is for eps of 3.5p.
So there's a lot of slack in the price to allow for any downgrade.
The gloriously predictable thing about the mkts is they always
fail to differentiate in difficult times.
A fact doubtless not lost on Stephen Dean/Artisan as a major
shareholder.

[ice cream] 21/9/2001 00:16

And back ?

[ice cream] 19/9/2001 13:23

Anyone know why these seem to be drifting back ?

[rcturner2] 16/7/2001 08:01

IC have tipped them for a buy.

[getritch] 05/7/2001 13:43

The following is from Citywire on Tuesday evening, and was mentioned on the ART threads. One question... How long are Propan/Artisan allowed to delay before announceing through an RNS about the increased stake? Generally stock aquisitions/disposals are announced a day or 2 after they occur, so this recent purchase of Propan shares should be confirmed soon...

getritch


17:35, Tue 3 July 2001
Propan prepared for possible Artisan bid
House builder Propan Homes is bracing itself for the possibility of a takeover bid from Stephen Dean’s Artisan, which has secretly upped its stake on the open market whilst simultaneously freeing up cash via the sale of its stake in EnterpriseAsia, writes Laurence Fletcher.

Citywire has learned today that dealmaker Dean’s Artisan (ART), which took up a third of Propan’s placing when it came from Ofex to AIM in March, has upped its stake again, only telling Propan today. From a stake of 11.63%, or 7 million shares in March, Artisan has increased its holding to 9 million, or 14%.

‘We don’t know what Dean’s motives are, and we didn’t know he’s increased his stake until today,’ chief executive Chris Johnson told Citywire today. ‘We’ve held talks regularly with him, and at the start a takeover was vaguely hinted at’.

‘It’s hard to know what else he could be thinking,’ chairman James Dubois said.

Dean would need to make a bid in cash to secure Propan. ‘We don’t want it if it’s paper,’ Johnson told Citywire.

Corporate activist Dean may see Propan, which operates mainly in West Kent, as a complementary fit for house builder Artisan by giving it strength in the South East. However, 14% is still fairly low for a takeover bid, so it is still early days.

Nevertheless, Dean has just sold his entire stake of 52 million shares in IT venture capitalist EnterpriseAsia, the company over which Artisan lost a messy corporate brawl last year. The £1 million he raised from this would form a useful part of a war chest for any potential takeover bid.

Propan meanwhile has deals of its own to think about, namely a £3 million all-paper bid for a West London-based estate agency with 13 branches, which Citywire has also learned about today. Propan has a lock-out contract on the deal, and, although talks are at an early stage, it can make an offer up until 31 October.

Propan is a house builder with a staff of six, which contracts out all its work and uses management deal-making to secure good sites. Today it announced profits up 65% for the year to 31 March at £1.9 million, on turnover almost double at £9.98 million. The total dividend is 0.525p.

Profits are healthy so far, but investors should be wary of Propan’s ability to grow further. A much-enlarged company may need to switch from contracting to in-house services, which will obviously increase costs. The acquisition of the estate agency could potentially distract management, though Johnson denied this would be a problem. Investors should consider consolidation, rather than organic growth, as a possible reason for buying the shares.

[-golddog-] 04/7/2001 13:34

Most definitely worth a punt on this one.

[thewilki] 04/7/2001 13:07

The results were expected to be good and they are and the new property market in the south has alot of potential. PPH are well placed to take advantage of this. Watch on.

[thewilki] 04/7/2001 13:02

Artisan like Propan alot hence they own so much of them. Why buy them out when they are doing so well. The shares have the potential to realise far more than 25p. Watch on.

[proactive] 03/7/2001 13:20

aren't these the same people that were in Regent Corporation that went bust??

[jimmylaw9] 03/7/2001 13:09

I have held these shares for about four months since an alledged takeover rumour which did not materialise. It has held around the 15p to 20p mark until todays anouncement. It may now be a good punt up to the 25p mark. Results were good.

[derek wild] 03/7/2001 11:47

Housebuilder Propan Homes' preliminary results for the year ended March 31 show a profit up 65pc to £1,925,573 – compared with £1,167,081 in the previous year. Turnover also doubled to £9,983,050 from £4,279,990 over the same period last year. Earnings per share rose to 3.1p (2p in 2000) and the board recommended an annual dividend of 0.525p a share.

Chairman James Dubois said: "The group has made considerable progress towards establishing itself as a major housebuilding force in the south-east of England. This is illustrated by our admission to the Alternative Investment Market in March. We will continue to seek opportunities to acquire land, with or without planning permission, usually on conditional contracts, to ensure our forward land supply for residential development purposes – resulting in continued growth."

Profits this year came from the sale of 38 residential housing units across all sectors of the market, ranging from one-bedroom flats up to substantial executive detached houses, land sales and project management fees.

The group has continued to acquire sites for residential development for 2002 and beyond. Construction is currently under way - or is due to begin - on 12 sites that should produce more than 60 units for sale during the current year.

Propan’s admission to AIM was accompanied by a placing to raise some £2.7m, a move designed to give the group greater visibility and liquidity; enable it to issue shares as a consideration for acquisitions or expansion; and give easier access to raise further funds for expansion. It also enables the company to grant share incentives to key personnel to ensure its future development.

The funds raised will be used for the expansion of the group’s operations in the south-east and elsewhere, and to assist the pursuit of its strategy of expansion and acquisition into other building services and related sectors.

[bsg] 03/7/2001 09:58

where are the results ?

[thewilki] 02/7/2001 10:36

Artisan have a big part of Propan and they like em. PPH will grow with them and nows the time to buy.

[thewilki] 02/7/2001 10:25

The word is get on board with PPH, artisan like them thats why they own so much of them.