Share Name Share Symbol Market Type Share ISIN Share Description
Pphe Hotel LSE:PPH London Ordinary Share GG00B1Z5FH87 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -5.00p -0.73% 682.50p 675.00p 690.00p 687.50p 682.50p 687.50p 3,384.00 11:28:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 222.7 28.6 71.4 8.3 288.04

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Pphe Hotel (PPH) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
12:29:57686.007274,987.22O
11:28:01685.001,0006,850.00O
10:24:46685.003002,055.00O
10:03:08685.00113774.05O
08:05:08690.001,2448,583.60O
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Pphe Hotel (PPH) Top Chat Posts

DateSubject
09/12/2016
08:20
Pphe Hotel Daily Update: Pphe Hotel is listed in the Travel & Leisure sector of the London Stock Exchange with ticker PPH. The last closing price for Pphe Hotel was 687.50p.
Pphe Hotel has a 4 week average price of 692.40p and a 12 week average price of 693.60p.
The 1 year high share price is 860p while the 1 year low share price is currently 620p.
There are currently 42,203,682 shares in issue and the average daily traded volume is 2,847 shares. The market capitalisation of Pphe Hotel is £288,040,129.65.
05/8/2016
16:41
sogoesit: Here is the article mentioning £20, quoted from Shares Mag of 28 July: QUOTE Very cheap hotel play with yield and major asset support We highlighted PPHE Hotel (PPH) in our previous Mr Market article in March 2016 at 636p. It is now 750p (plus anyone on shareholder register on 22 July 2016 will also get a 100p special dividend in August). PPHE is the owner, developer and operator of Park Plaza hotels in Europe. In total, the group has a portfolio of 38 hotels, with a focus on London (where it has five hotels that generate nearly 70% of group profit). Before year-end we expect new hotels to appear at Waterloo and Park Royal as well as a material extension to the Park Plaza Riverbank, near the London Eye. These will likely benefit from overseas visitors drawn to the UK by weaker sterling post the Brexit vote. The rest of the group’s profit is derived from Croatia (a safe haven in the area relative to Turkey) and other European hotels, particularly in Holland, which will benefit from relative euro strength on translation. The new London hotel stock (c. 1,000 additional rooms) look set to drive a material improvement in PPHE’s profitability in 2017 to the extent that the shares trade on sub 8x FY17E whilst also yielding 2.7%. The group’s hotel assets are set to be revalued by half year results in September. We think the net asset value could be as high as £20 per share versus the current share price of 750p. UNQUOTE
25/7/2016
19:52
snadgey: If this £1 div is as a result of cash generated from refinancing deal, then not sure why the share price has dropped? This should be cash the company did not have prior to this deal?
11/8/2015
08:49
ragehammer: Re NAV, we get a clue from the results announcement on 2 Mar. In the "Financial Position" section of the CFO report, it states "The ratio of bank borrowings to the fair value of the Group's properties on an aggregate basis on the latest market valuations (LTV) is approximately 56%." We do not know when these latest market valuations were done, but it is fair to assume that the price of prime London market hotels has not reduced in the last few years, so this is a "floor". Bank borrowings at the time were €554.8m (both short and long term on the Balance Sheet). That gives a value for the fair value of property at €990.7m. The table in the next section of the CFO report shows the adjusted book value of properties at €782.7m. This suggests upside from book to fair value of €208m. As at 31 Dec 2014, NAV was €323.9m (with a small amount of intangibles, which I'll ignore). This equates to NAV of €7.72 per share. If we add the fair value upside to those numbers we get NAV of €12.68 per share. Using today's GBP:EUR FX rate of 1.414 that gives GBP NAV per share including the upside of £8.97 per share. Note that as the London assets are GBP denominated, the upside is likely higher than that quoted in the annual report as GBP has further strengthened against the EUR since the start of the year by around 10%. Using these figures, it seems there could be significant (38%) upside asset value in PPH from the current share price of £6.50. This does not take into account the retained profit for the first half of this year which will add further to NAV (maybe 25p or so?).
21/3/2015
08:29
snadgey: 10p ex-div on 19th and share price barely moved. Company starting a review with a view to unlocking capital. They have not mentioned what they plan to do with any proceeds but a cash return to shareholders could be an option imo. All the best.
05/11/2013
15:08
bench2: IMS out today but no news on debt , int cover etc . Hardman note out to say that this is a difficult comparison as av room rate last year was boosted by the Olympics . Share price has come off the highs and will await better news on Revpar growth from London and Europe .
04/1/2013
13:10
douglasallen: Found PPH last night when doing some stock screens. This stock is an absolute gem, I have put an order with my broker today to pick up some stock. PPH is not just cheap in a general sense, but it is so undervalued compared to peers, on several valuations, P/E, Assets, Yield, Price to cashflow. Yielding over 5%, 7.7x P/E, growing at 15%+ a year!! Net equity per share is 400p based on hotel NAV - liabilities and a lot of the hotels are central London so highly liquid. Also if the yield was to normalise to the industry average around 2.5-3.0% then the share price would need to appreciate to around 400p. Based on the sector average P/E the share price would be between 364-420p. Looking for 400p in the next 6-12 months. This valuation gap won't last for long as the company have said that they are exploring ways to release equity value from the London hotel assets and expect to announce in Q1 2012. Nice uptrend on the charts too, should see PPH slowly tick up as the valuation gap disappears. GLA.
01/7/2011
08:51
oregano: The following is the text of a note from Hardman & co, a larger note is due to follow. PPH has just moved to a full listing to enable a wider section of fund managers to buy it. And a yield is on its way. What's not to like? A property revaluation at Park Plaza Hotels shows Net Asset Value Per Share of 723p – more than four times the current share price. This is a major uplift on the 438p shown in the Annual Report issued at end-May. Excluding intangibles, the NAV is 624p. This is the second time recently that Park Plaza has slipped through a favourable piece of news to investors unnoticed. In the Annual Report, the company stated that it would pay a maiden dividend "commencing in 2012" of "at least 3p a share". The property valuation has been undertaken by Colliers and Savills as part of the documentation for the upgrade of the share quote from London's AIM to the Full List. The valuation by Colliers of the Westminster Bridge Park Plaza Hotel, the new 1,019 room property that is the jewel in the Park Plaza portfolio, is for UK£175m, vs the book value in the December 2010 annual report of €160.5m. It is net of the 535 hotel rooms that were sold to private investors as part of the financing process. It gives Park Plaza Hotels 54% Loan To Value cover on the drawn down part of the new 2018 term loan agreed on this property at the beginning of June. The valuation for the remaining hotels has been undertaken by Savills. It is for the other UK hotels and the hotels in the Netherlands. It shows a surplus of €157m over the valuation in the Annual Report. Both valuations are on market value, with some reference to DCF methodology. Digging into the numbers of the individual hotels, they appear utterly reasonable to us. The Park Plaza Victoria, for example, is valued at UK£340,000 a room, and studio apartments in that position would fetch more, even before allowing for value in the catering/conference areas. The Park Plaza Leeds, where there is a residential apartment glut, is valued at only UK£91,000 a room. The valuation excludes the German property leases – in other words this 723p/share NAV ascribes no value to them. So the figure is undoubtedly conservative. The higher NAV very much reduce any concerns that may remain about the level of gearing, especially after recent the replacement of short term debt with term loans. A full research note will be issued shortly.
01/11/2002
11:25
formentera: RECOMMENED A BUY IN MONEY WEEK 25TH INSTANT. RESEARCH COMPANY SQC HAS SET A SHARE PRICE OF 20P. I THINK ewnw IS A LITTLE TOO OPTIMISTIC, IT WOULD BE INTERESTING TO KNOW THE BASES OF THE STATEMENT THAT THIS ONE WILL DOUBLE!!!NEVER THE LESS GOOD HUNTING.
12/4/2002
23:13
nigelsom: Article in Shares mag today gives a positive outlook suggesting a p/e around 12.2 for this year (based on share price of 15.5), and a bullish view on the recent acquistion. This might explain mm willingness to bump up the price on a small amount of trade early in the day.
11/4/2002
22:41
theophilus: Hi bsg, Point taken. That is of course one way of looking at things. However if I had 12M shares and there was a chance of the price moving up then I MAY not be in too much of a hurry to sell. The price has moved up recently from under 14 earlier this year despite the overhang of the Artesian share holding suggesting that there is some impetus to the upward move. But as you say the Artesian share holding may well be a negative influence on the share price causing it to rise more slowly than would otherwise be the case. At least that's what I hope is how things are :-) Cheers M.
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