Peel Hotels Investors - PHO

Peel Hotels Investors - PHO

Best deals to access real time data!
Level 2 Basic
Monthly Subscription
for only
Monthly Subscription
for only
UK/US Silver
Monthly Subscription
for only
VAT not included
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

Top Investor Posts

playful: The Peels will be ok but sadly the retail investors will be most annoyed.
cjohn: My feeling is that the large discount to asset value and the very conservative balance sheet valuations provide a healthy margin-of-safety for asset-based investors. Would the breach of the banking covenant relate to the ratio of operating profit to interest payments?
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.
davidosh: I am hosting a ShareSoc event at the Cosmopolitan Hotel in Leeds tomorrow which is a Peel hotel so hopefully investors will like what they see. All welcome if you want to join us...
davidosh: I agree with topvest. The company has significant property assets that easily cover the debt and at the time when the previous loans were arranged the rates were higher and the company had rate swaps to cope with. The banks are in better shape now and UK assets with tourism and staycations at record levels due to the weak pound is the perfect backdrop for a newly negotiated bank loan. I suspect they will get a much better deal which will therefore reduce interest costs and increase profits. That is very good news for shareholders which I think investors are now anticipating. The NAV and current interest cover will give you an indication of how it will go from here and I am a happy holder not at all concerned by the statement you highlighted.
deswalker: A few things put me off THW. Illiquidity on Plus Markets has to be the main one but there are also the issues of the controlling family (also true at PHO but somehow different IMO), the declining fortunes of pubs and finally its increased size and complexity vs PHO (it has a defined benefit pension scheme for instance). But these days I am extremely risk averse so what do I know. Good luck with it. I think PHO investors can take considerable encouragement from the repeated actions of the Peel brothers for the benefit of all shareholders and this is not always true elsewhere. They are both very wealthy which is a good sign as they don't get into the grubbiness that we see elsewhere on AIM. Finally their age is a positive (if not for them then at least for the rest of us. comment made with the best of intentions). I'm sticking with PHO for a while yet.
davidosh: Thanks Des. I am pleased Nottingham is no longer making a loss but with a thriving student population I do think it may have been better to convert to a student accommodation block and sell on to a big institutional investor or property fund as they are paying good money for long term student spaces. Maybe Peterborough suffered with no Mello event there in the last year lol How many shareholders were there btw ?
bobthetrader: Good results again! Very consistent at the moment. Could this be the year they put the business up for sale? I think many shareholders would accept 150p, even though it's probably worth way more. Although the larger investor may be more reluctant to let go at that level. We may also hear talk of an interested party this calendar year, all guess work of course, but time will tell.
bobthetrader: Investors still selling, and we are down at approx £12 mil m.cap. I can understand why a small number of holders would want to find a stock that is showing signs of upward momentum, but we seem to have more than a few at present. However I don't understand why, when we have a business that is in my view worth approx 180p-200p/share, and that's without considering future profits. Also it is very possible that at any time a take-over of some description could take place. There are so many AIM stocks with a poor balance sheet compared to this one, yet their share price keeps rising, I'm amazed. All the more reason for my post 265. If there was a profit warning, we should of been informed via an rns by now. If the share price were stable an rns would not be necessary.
bobthetrader: My only negative thought concerning Peel Hotels is the lack of trading up-dates between results. We have two updates a year,(final results & interim results). It would be good if they could provide a guidance to their current progress, one between each set of results. I'm sure the next results will be good, but we will have to wait a long time before we are given them. I'm sure a rough idea of where we are at, and any interesting news would keep us investors more content while we wait. Results 6 months apart does drag on! Just my thoughts for a very quiet thread.
ADVFN Advertorial
Your Recent History
Peel Hotel..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210805 01:47:56