Share Name Share Symbol Market Type Share ISIN Share Description
Peel Hotels LSE:PHO London Ordinary Share GB0002583606 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 95.00p 90.00p 100.00p 95.00p 95.00p 95.00p 0 06:33:37
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 16.8 0.6 3.1 30.6 13.42

Peel Hotels Share Discussion Threads

Showing 376 to 400 of 400 messages
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older
DateSubjectAuthorDiscuss
28/10/2017
17:45
Have had a look here as like apparent discount to NTAV but decided not to as impossible to deal in any worthwhile volume (unless on a lucky day plus spread significantly widened since May/June) OK could build up a holding slowly but if need to liquidate would (imo) take a significant bath - The prospect of a trade sale at closer to NTAV is one reason I may keep watching. (imo dyor etc)
pugugly
28/10/2017
16:12
Because the Directors wanted it to be! The growth strategy didn't quite play out as they planned 20 years ago. The directors could quite easily have taken advantage of minority shareholders in the last recession, but have played very fair indeed. They also probably like running a public company. There should be more listed companies like this, not less!
topvest
28/10/2017
16:07
Major shareholders Robert Peel 5,496,900 39.23% Charles Peel 3,248,471 23.18% Why is this even listed?
orinocor
28/10/2017
13:10
Below 100p yes I would be inclined to agree. Only if the directors sell before the next recession though, or else it could be a long wait with no dividends. Not inclined to invest in Value without Quality these days. Other than quality directors, the business is far from quality as the return on assets is very poor. The hotels are also pretty average.
topvest
28/10/2017
12:31
Tv....agreed; but the value proposition is that book value is a long way North of the current share price So all in all a good Risk/Reward proposition when bought for under 100p.
skyship
27/10/2017
17:17
Hotels are wasting assets and bottomless pits for your money. An example for you. My favourite place Brockencote Hall in Worcestershire was sold to Rigby for less than £3m a few years back. Unbelievably cheap. The capital expenditure is largely backlog wear and tear. Honestly, I don't think you are going to find this is a gold mine and if you employed a management team that took a proper salary it would be break- even. Haven't they also already sold the assets with a developmental angle about 10 years ago. Worth more than a £1 but probably not more than book value in my opinion. Good luck though!
topvest
27/10/2017
08:06
The simple fact is that between last October and this April the wheels fell off but since April they are back on. Debt continues to fall, NTAV continues to rise and the clock continues to tick. It may be sooner, it may be later but at some point the portfolio will be sold. Whether that is for 140p per share or 200p per share is unclear and must depend on just how much of the considerable annual Capex is actually permanently adding value rather than just fixing ware and tear. Personally I feel any sale price will be closer to the upper figure as the hotels must surely be worth more than historical NTAV (171p). Next year we will have owned Bradford for twenty years ...
deswalker
27/10/2017
07:16
DW - agreed; and reassured by both today's numbers and the last sentence in the extract below: "The slowdown in commercial activity experienced in the second half of last year due to uncertainties in relation to Brexit continued in the first 3 (four week) periods of the current year. These periods are historically low trading periods and due to the high operational gearing of our business, together with the impact of two increases in minimum wages and the living wage, our EBITDA decreased GBP220,265 on the previous year, in those periods. This has produced a disappointing interim result in comparison to last year's excellent interim result. However on a positive note EBITDA for the remaining 4 (four week) periods of the half year was broadly neutral in comparison to the previous year."
skyship
27/10/2017
06:52
They had a heart attack for six months and now things are trading as normal. I flagged this up in my long post after the Finals were released. For the last six months they have been trading as normal.
deswalker
27/10/2017
06:48
Totally different read of rns - Sales decreased 5.1% to £8,648,145 (2016: £9,115,526) Operating Profit decreased 31.3% to £604,556 (2016: £880,119) Revpar decreased 4.2%. Occupancy down 3.3%, average room rate down 1.0% Profit before tax decreased 46.1% to £319,293 (2016: £592,807) Most other hotel groups recently reporing have significantly INCREASED REVENUE AND PROFITS - While new debt is lower cost as previously mentioned at significant risk if substantial increase in LIBOR ? However (if my maths are correct - could anyone double check me ? ) market cap appears to be at a significant discount to NTAV.
pugugly
27/10/2017
06:29
So it looks like things have broadly returned to normal after an extremely challenging six months up to the end of April. This is what Mr Peel told me after the Finals were released and it looks like things have continued satisfactorily since then.
deswalker
23/10/2017
13:07
Posted a little of the PHO story over on my rather quiet JDT/2017 thread: https://uk.advfn.com/cmn/fbb/thread.php3?id=40656335&from=52
skyship
18/10/2017
16:29
SKYSHIP: A good price - Looks as though not much stock about. Seems order had to be split -- Best of luck. Not in yet but potentially hovering.
pugugly
18/10/2017
15:04
Well, having been one of the lucky ones who cashed in higher up (129p in Jan'17); I've decided to get back in for a few today @ 94.6p. I've always been tempted by asset plays; and the discount once again looks too high.
skyship
16/10/2017
08:43
Still drifting down on low volume - Assets starting to look interesting but v-strong economic headwinds - Continuing to watch but sit on buy fingers (imo)
pugugly
15/10/2017
17:15
Given arrangement fees and fees for breaking into the loan there will be scant savings in the first year from the new arrangement. As they made a slight loss, debt actually went up in the last half; there are a number of price pressures on the hospitality business currently: living wage, food inflation etc. .
cjohn
14/10/2017
09:52
All I'm saying is that we will all have big big problems in your scenario. Personally, I do think that Peel Hotels is readying itself for a reverse takeover and the founders retiring. What do you think about that? I don't like hotels as an investment and will probably never re-enter Peel after getting out profitably. Will watch with interest though and may be tempted one day to come back.
topvest
14/10/2017
09:45
Des: Thanks for crunching the numbers but I was going shorthand for the scenario that topvest has outlined. Having lived and worked through the periods before and after the 3 day week topvest is possilby understating the downside risk - If one is going to flee if Corb gets it I suspect may need to move fast - Exchange control ? From memory limit was £50 (£1600 todays money) in 1949 and that was p/a and endorsed in your passport.
pugugly
14/10/2017
06:19
If LIBOR rose sharply to 9% then the economy would be in meltdown and Peel Hotels would be one of the many casualties. I am lucky and don't have any debt, but over 50% of the population are highly leveraged and would become insolvent as they wouldn't be able to afford their mortgages. 20 years ago it was different. This time around capital owed on mortgages is so high that it would decimate the UK. Most of the population have geared up to "ever low" interest rates over the last decade. Even 5% would be really bad for the majority and cost £5-10k more (after tax) per annum on the average mortgage of £100-200k. That's before the significant rise in unemployment. Not sure its likely in the short-term, but the Corbyn factor is a concern in a few years time. A Marxist UK would obviously not be good and many young voters just don't understand what it means. Time to invest in overseas stocks if that happens, but no doubt the prudent would be targeted by such a government...just such an awful scenario its too depressing to think about and probably time to move overseas.
topvest
13/10/2017
18:50
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 ...
deswalker
12/10/2017
12:29
Options then to sell a property or two, we are far from toast imv. Trading is the main concern for me in the short term.
battlebus2
12/10/2017
11:51
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.
pugugly
21/9/2017
09:29
Providing Libor doesn't increaee, which it may well do. Upfront there will likely be arrangement fees (and an initial fee for breaking into the loan?).
cjohn
20/9/2017
06:08
Excellent news reference refinancing with savings of £160k
battlebus2
18/9/2017
11:44
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
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older
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