||EPS - Basic
||Market Cap (m)
|Travel & Leisure
Peel Hotels Share Discussion Threads
Showing 326 to 349 of 350 messages
|Trip advisor tends to be slightly skewed anyway so probably only balancing it out...|
|You're skewing my research :-)|
|Well every little helps. I do admit to giving them glowing recommendations on trip advisor lol|
|Down to your objective feedback then BB2 :-)|
|It's a distinct possibility Des....
Good to see those ratings improve, I'm not behind the door in pointing out issues any time I've stayed and thankfully they do respond.|
|Last week I read an article saying that SE Asian conglomerate Minor International is looking to move into UK hotels on the back of a weaker pound. Fingers crossed we are putting ourselves about ...|
|Over the last couple of years I've been monitoring the Peel hotels ratings on Tripadvisor. I've witnessed a general improvement in performance during that time.
The Bull in Peterborough has risen from 16th out of 31 hotels to 8th out of 27,
The Cosmopoiltan in Leeds improved from 37th/89 to 20th/87
Crown & Mitre in Carlise from 11th/18 to 7th/20
Norfolk Royal in Bournemouth from 31st/70 to 20th/66.
Nottingham, Bradford (2nd/27), Wallingford (1st/2) have remained stable in their rankings whilst only Newcastle has dropped a little from 37th/89 to 43rd/84.
So pretty encouraging overall performance over the period imo.|
|Ticking to new highs again, everything I read points to an uptake within the hospitality sector given the weakness of Sterling. Here's the latest from Travelodge CEO...hTTp://www.express.co.uk/news/uk/790319/Hotel-market-has-bounced-back-weaker-pound-Brexit-vote-EU-Brussels-Travelodge-CEO|
|Inclined to agree.|
|Long way to run imv.|
|One somewhat regrets selling half his holding, whatever will be will be..:)|
|Interesting to read people's reasons for selling. Personally I think this is worth quite a bit more than the current share price and possibly quite a bit more than NAV. The properties are valued at acquisition cost adjusted for depreciation and capex, the latter not including any discretionary capex expensed through the P&L. The free cash-flow may not be the largest cf the EV but it has been extremely reliable for years and years, something that cannot be said for many many other companies. Debt continues to fall year after year which once again is something that isn't that common. Debt interest costs will continue to decrease rapidly. The directors are on record as wanting to do a deal at the right time and a better connected bunch in the hotel and M&A sectors one would struggle to find. No doubt there are headwinds but there are also opportunities post Brexit and I have little doubt that the freehold sites would sell for quite a bit more than book value.
Anyway each to there own, but I have no intention of selling.|
|Sold mine too last week as 30% in just 6months was irresistible; especially as the shares are now more likely to be at fair value without some corporate activity.
Also in my case the reality was that I was unable to buy a reasonable allocation as the price shot through 100p before I was able to complete.|
Obviously, one's not going to invest in a hotel owning company, because of its capacity to generate masses of free cash flow!
The value is in the assets and in the discount to assets.This has multiplied close to four-fold since I bought in and yet there is still - as you say - a significant discount to intrinsic value.
The debt renewal profile -highlighted by Welloiledbeefhooked - is the glace cherry
on the blancmange. A further reduction in debt costs to look forward to.|
|Good reminder for me on this one. I've sold my few as it was above my target price. Made a 50% profit over 12 years with a few dividends here and there. Not good!
I don't like hotel stocks as they are too capital intensive and are just a bottomless pit for investing cash. The upside here is if the non-executive director reverses in his business, but not prepared to hold on for this possibility. Good luck to those that remain! It's a well run company and there's probably another 20-30% upside in the share price (at best).|
|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.|
|Why - they are not over leveraged. Normal practice - they will have no problem renewing and most likely at a much lower rate.|
|Lots of debt here. This piece from the last statement is somewhat worrying, is it not? "The balance of the Company's loan currently GBP8,557,422 becomes due on 31 August 2017 and we will begin the process of negotiating a suitable long term solution over the coming months."|
|2017 to be a bumper year for tourism in UK.
|Prospects for 2017 look pretty good. Lots of visitors to the UK with a weak £ and more people holidaying at home. No doubt cost pressures are a problem, but revenue increases should just about outstrip cost pressures in my view. The share price is very strong. Excellent!|
|Yes looking good Des.|
|Steady as she goes. Reduction in Net Debt is very strong. NAV = 171p.|
For completeness it should be noted that PHO also has £10m in debt making an enterprise value of approx £26m.|
|Clearly cheap lanzorote, just a matter of holding until the time is right for the Peels to retire.|