Pphe Hotel Share Discussion Threads

[jlrussell] 25/5/2005 13:31

So what happened to Propan? rto? suspended?

anyone with info, tia...

[rbryant] 31/5/2003 00:50

RCT, what changed your mind since August last?

[rcturner2] 30/5/2003 13:32

It just fell to a level that was irresistable really - got in at 7.5p.

On PE and yield it was a stupid price. I had been in contact with the company and got a full response on the email from a director that hinted strongly that they can maintain eps growth (albeit at a low level). Taking a punt really that they can grow the business.

[rbryant] 30/5/2003 11:49

Specifically?

[derizzo] 30/5/2003 11:09

bought one of their houses, from this perspective, I wouldn't expect anything else cos i think there are problems

[rcturner2] 30/5/2003 00:55

Well I'm all on my lonesome on this one - any other holders out there?

Lets hope for 3p+ earnings for the last 12 months (to be reported in July). That should get the price moving.

[thamestrader] 29/5/2003 13:29

Still here, bumbling along.

[rcturner2] 24/4/2003 15:08

Marked down yesterday, just so that the latecomers could get in.

;-)

[rcturner2] 11/4/2003 10:12

Up she goes again! Wonderful! I wonder if 15p will happen.

[rcturner2] 10/4/2003 09:16

I'm not quite sure what to make of this acquisition trail Propan seems to be set on. I guess they would like to create a bigger group to get a higher profile amongst investors. It is very important tho that they do not take there eyes off the running of the businesses and making money.

[rbryant] 08/4/2003 13:20

Don't worry Smarty, nobody is watching...

[smartypants] 07/4/2003 21:54

well I was hoping no one would notice theese see I could pick up a few when funds were available
so whos got the big mouth lets hope every one goes away for a while and returns when I am a holder to boost the price please.

[rcturner2] 07/4/2003 11:21

lol - thanks

[rbryant] 07/4/2003 11:07

RCT - thought I would join you to save you talking to yourself. The problem seems to me that very few people are looking in this direction. Still, there is a little rise today. Unless we are set for a savage reduction in house prices, there should be a good bit of mileage here.

[rcturner2] 07/4/2003 10:44

A PE of 5 is a reasonable target for a small housebuilder like this one. That equates to a price of about 15p, so plenty of room for growth in the price from here.

[rcturner2] 04/4/2003 10:50

I think the mms lowered the price to try and get a bit of action on the stock, rather than any "real" reason.

[rcturner2] 02/4/2003 13:09

All I said was I bought some + seemed like there is an overhang.

[rcturner2] 02/4/2003 09:40

Wheres my post 24 gone??

[thamestrader] 02/4/2003 08:48

Remember, RCT: if something sounds too good to be true, it probably is.

(I hold PPH)

[rcturner2] 02/4/2003 08:23

PE of 2.2 and yield of 8% ???

Doesnt make sense to me.

[theophilus] 01/1/2003 00:13

Not too sure what to make - something of a mixed bag. Some positive sounding comments. "But of course he would say that wouldn't he".

Turnover up appreciably but profits considering somewhat disappointing. A few selllective extracts included below. Anybody any comments.

* Turnover increased by 53% on the same period last year to #5.4 million.

* Anticipate selling 61 units in the current year.


Chief Executive Chris Johnson said: "This has been another good six months for
us. The Sitemaster acquisition has been fully integrated into the business and
has increased the size of our property portfolio substantially. We are now expanding our activities by working on a number of refurbishment and conversion projects that are proving extremely lucrative."

Chairman's Statement

I am pleased to report the unaudited results for the half-year ended 30th
September 2002. We have had a good period of trading, increasing turnover for
the period from #3,570,000 in 2001 to #5,487,000, an increase of 53%.


Our post-tax profitof #551,000 is a little down on the same period last year (2001: #561,000). Our earnings per share are also down to 0.77p from 0.92p due to the additional shares issued at the end of last year as part of the consideration for the acquisition of Sitemaster Limited.

We therefore remain optimistic with regards to achieving our pre and
post-tax profit targets for the year ended 31st March 2003.


Shareholders' funds, as at 30th September 2002, amounted to #8,459,000, up
substantially from #5,816,000 as at 30th September 2001, and net assets per
share have risen to circa 12p per share (2001: 9p).


On the business front, we are currently developing eight sites, ranging from
luxury apartments in Kensington and Sevenoaks to a two bedroom flat development
in Maidstone, and anticipate selling 61 units in the current financial year. In
the South East especially, the house building sector remains strong due to
demand for new housing and we are confident that this will continue.

We have commenced, or are about to commence development on seven new
sites totalling some 43 units, which will contribute to our turnover and
profitability for the year ended 31st March 2004.


Between now and then, we would also expect to obtain planning consent on other
land and properties owned by us or under option/conditional contract which would
form part of the development programme for the year ended 31st March 2004 and
onwards.


Whilst we principally undertake new developments, we have also expanded our
activities having recently completed a number of refurbishment and conversion
projects. The substantial country house we acquired early on in the year for
refurbishment, near Sevenoaks, Kent, has been completed and we are inviting
offers for it in excess of #2 million. We have already received an offer a
little under the asking price, which shows that there is still a market for
higher priced properties.

We remain committed to expanding the business, whether through acquisition or
organic growth and are presently considering a number of interesting
opportunities with a view to providing increased earnings per share.


Cheers

Th.

[ewnw11314] 27/12/2002 20:19

telegraph always says late news never good

[theophilus] 20/12/2002 15:53

The interims are late this year. They were announced on 26th. Nov last year.

Guess when they are due to be announced this year.

Answer: 31st Dec. New Year's Eve.

Does this signify a prosperous new year?

Cheers

Th.

[wstirrup] 06/12/2002 21:48

Makes you think Thames..doesn't it...

However....SMC have tipped this to go to 20p too..so who do you believe eh?..:¬))

good yield, Nigel Wray buy in..and rising turnover and profits, with a small but solid portfolio of properties in the SE....

Maybe a punt for a few thou is on order...

W.