Peel Hotels Dividends - PHO

Peel Hotels Dividends - PHO

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Stock Name Stock Symbol Market Stock Type
Peel Hotels Plc PHO London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 50.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
50.00 50.00
more quote information »
Industry Sector

Peel Hotels PHO Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

pdosullivan: Looks like we're all in WYN! My other holdings apart from it and PHO are: AUG, AV/, BHP, BOCH, CLIN, CRH, EEP (delisted), GFTU, GRP ID, HMSO, IAG, IR5B, KMR, KYG ID, LLOY, OGN ID, PCA, PMO, PRSR, RB/, RWI, RYA, SN/, SPDI and THW PZ.
battlebus2: For anyone holding PHO in nominee accounts the half year results.. Rev +3% 8.3 v 8.09 GP -0.4% 989 v994 EBITDA -14% 558 v 649 OP -22.8% 170 v 221 Rev par +2.3% Occupancy +1.8% Admin +25.2% 431 Loss 48k v 9k profit Net debt 8.5mm Fire at Calendonian fully insured Outlook similar
fillipe: PHO doing rather well after the pull-back. Total rooms for the group = 727 rooms. All this for a mkt cap of approx only £6m! Bargain priced. f
skyship: However you look at it, PHO shouldn't be a listed company. Best and easiest solution would be for the Peels to make an offer for the balance of the stock they don't own. A 90p offer would surely succeed. A massive asset discount; but a 30% premium would be difficult to ignore!
battlebus2: Seems like demand for hotels is robust if PHO ever decided to sell. Since the start of the Brexit negotiations, a rise in costs for the hospitality sector in areas such as energy, national living wage and business rates to name but a few, and the ever increasing challenge when it comes to the supply of workers, with less people coming to the UK from other EU countries. However, we have also seen borrowing remain low with base currently at 0.5% and as a result of the weakened pound we have also witnessed more foreign investment into the UK market. Despite some uncertainty the UK is still seen as a safe place to put your money. In the North we have seen a limited supply of hotels coming to the market this year. We feel that this is almost certainly down to the uplift in activity of the UK hospitality sector. As the pound has weakened, there are many tourists coming to Britain from Asia, the US and a number of European countries. There has also been an increase in staycations from people not wanting to travel outside of the country. This could be attributed to a number of factors, including the weakened pound, the threat of terrorism and the offering the UK has in general. However, an ever increasing demand from buyers means that when good quality opportunities do become available, there is a backlog of people waiting to get their hands on them. This has resulted in high prices being achieved, in many cases above that of the asking price, with sales such as the Crown Spa Hotel in Yorkshire selling in September off an asking price of £15,500,000 to an Asian investor group. In the wider market there is demand from many different types of operators, from first time owners to larger corporate buyers. The North has been particularly busy with regional multiple operators who are looking to expand their groups quickly. Operators desire businesses that have a good base in terms of their profitability, but which encompasses an opportunity to add value either through margins or development potential by introducing more bedrooms, or by the addition of spa or leisure facilities. Moving forward we envisage the hotel market in the UK to remain stable, which will continue to attract interest from both UK based and foreign buyers. After a number of years of the average hotel prices increasing, we feel this will slow towards the end of 2017 and into 2018, but that demand and values will remain strong.
skyship: Some sudden volume on Thursday (in PHO terms!) kicked these up from 90p-100p to 98p-105p. 16,300 shares bought between 98.7p & 100p. Good to see. News on the way perhaps...
skyship: Posted a little of the PHO story over on my rather quiet JDT/2017 thread:
deswalker: According to the AR last year’s finance expenses were 522k. The new financing will reduce this to 360k for the year starting in February. The AR also states that current sensitivity is 98k for each 1 percent increase in LIBOR. So if LIBOR rose to 9% finance expenses would rise to 1200k. Last year’s EBITDA was 2250k. So I would suggest Peel can safely survive on 9% LIBOR. However the rest of the entire economy will be completely destroyed. Not really fair to suggest PHO would be toast without actually doing the analysis. The reason for the weakness is no buying but JP Morgan looking to sell as it is too small a position for them. As battlebus says the big unknown is current trading but we know that the company isn’t leaky so who knows how they are doing. Hopefully results out soon ...
pugugly: CJohn - Youa re so so right - If May goes - say snap election and Corb wins I could see Libor at say between 7% and 9% to defend the £ - PHO could be toast POTENTIAL SHORT TERM WIN LONG TERM TERMINAL PAIN - PAIN.
cjohn: I sold out here some months ago, very luckily not far off recent highs. I was moved to take profits, particularly given my large holding in THW - Daniel Thwaites, freehold hotel and pub group. I wanted to free up cash and diversify away from hotels. Thwaites and PHO face similar trading headwinds. As one example, THW has taken the issue of increased wage costs - the living wage - head on and has moved ALL staff pay northwards, aiming to improve staff commitment and quality. They have beeen, in my view, far more explanatory about the headwinds than PHO and seem to have a coherent strategy for dealing with them. I wonder if PHO's recent poor trading isn't down to these headwinds, as much as the issues at individual hotels highlighted by Des? Btw, brilliant research, Des, about the prices paid for the hotels. Thank you very much for your very informative post. Always appreciated.
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