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Share Name Share Symbol Market Type Share ISIN Share Description
Peel Hotels Plc 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
  0.00 0.0% 50.00 50.00 60.00 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 15.6 0.2 1.5 33.3 7

Peel Hotels Share Discussion Threads

Showing 501 to 523 of 525 messages
Chat Pages: 21  20  19  18  17  16  15  14  13  12  11  10  Older
DateSubjectAuthorDiscuss
11/11/2020
09:57
The Peel Hotels website no longer lists the King Malcolm Hotel in Dunfermline as one of its assets. So since the start of 2019 the portfolio has shrunk from 9 to 6 hotels (Cosmopolitan sold and both the Strathdon in Nottingham and King Malcolm are no longer listed). The Strathdon and King Malcolm hotels were written down to zero on the balance sheet during FY18. Assuming they've been sold, this may be NAV accretive (there will likely be associated disposal costs). The latest accounts filed with Companies House for the two hotels show they were loss-making in FY19, so removing those from the portfolio should be helpful to overall Group earnings whenever we get back to a semblance of normality.
pdosullivan
07/11/2020
14:33
Hi pdo sullivan, You might be interested in the value shares board at code VALUE, set up by arthur lame stocks, where there's co-operative and intelligent discussion. PS Thank you for posting your holdings. I will take a look at the shares on your list I don't know.
cjohn
07/11/2020
12:46
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.
pdosullivan
07/11/2020
08:48
value hound4 Nov '20 - 23:05 - 498 of 501 0 0 0 CJohn, the only reason I don't still hold them was due to an oversight on my part as they were automatically sold in my SIPP by EQI on de-listing - which is not what I wanted. That's very frustrating!! At one time or another I've looked at nearly all the shares on your list of holdings. I'll take a look at the others now! I hold WYN, HSP, PHSC, UAI, CRST and have very small positions in NTQ and - against my better judgement - SIXH.
cjohn
07/11/2020
08:42
pdosullivan5 Nov '20 - 12:45 - 500 of 500 The sale of the Cosmopolitan at a discount to book value and operating losses during the year to January 2021 won’t do anything for the NAV but it should still be a multiple of the 50p level at which these shares last traded. Yes, agreed, pdo sullivan Without going into excruciating detail, after 2020/2021 shareholder's equity may be down to around £20m. Market cap at 50p, the price at de-listing was £7m. (At January 2020, shareholders equity was about £23.3m.) If they carry through their intention of selling the hotels over short to medium term, there should be a very good return to shareholders.
cjohn
05/11/2020
12:45
It'll be interesting to see what the NAV is when the half year results are released later this month. The latest £1.66 print was for January, so pre-Covid. The sale of the Cosmopolitan at a discount to book value and operating losses during the year to January 2021 won't do anything for the NAV but it should still be a multiple of the 50p level at which these shares last traded.
pdosullivan
05/11/2020
09:54
Hi value hound Out of your list I own WYN HSP RBN TON HEAD CNKS SIXH ZYT STM. I sold my LPA for 95p as I felt they were fairly valued at that price.
arthur_lame_stocks
04/11/2020
23:05
CJohn, the only reason I don't still hold them was due to an oversight on my part as they were automatically sold in my SIPP by EQI on de-listing - which is not what I wanted. I'm guessing you and I have at least some of the following in common: WYN HSP RBN HTG HAT (bought more yesterday) GATC TON HEAD CRST CNKS RFX BAR NTQ SIXH AIRE LPA MSI HDT ASTO JUST PHSC ZYT STM UAI ??? All display value characteristics of different types - with an emphasis on book value.
value hound
04/11/2020
18:47
Am I the last man standing here? This investment looks like it's going to come good, through the sale of the hotels, as intended.
cjohn
03/11/2020
19:34
So the Full year results to 26th January have just been posted on the company website. If you're holding the shares through a nominee account, you will no longer receive reports by post, unless you make a direct request to be on a mailing list. The FY was neutral with revenue steady at £15.6m but profitability down to £18k. Net debt was down 400k to about £8.5m. Events subsequent to year's end put a huge dent into this picture of relative stability with revenue crashing in the half year to 9th August to around £2.6m from £8.3m for the comparative months in 2019. EBITDA loss was £1,328k! The company however has made a modest EBITDA profit for the start of the second half. On the positive front, the company secured a CBILS loan of £2.5m. It also sold the Cosmopolitan Hotel in late August for £4.35m,at around a 10% discount to book value. They were in breach of their banking covenant during the year. Pertinently for all shareholders, the bank loan has been re-negotiated on a capital repayment basis over the next year. (And they are now, therefore compliant.) And this strongly suggests there will be further asset sales this year. They speak of interest in their other assets and are confident that the sale price will be more reflective of the full value of the assets. (No clue as to why the Caledonia sale was different.) There's a race between the trading losses, given COVID's impact on the business, and their ability to sell the assets and return cash ASAP to shareholders.
cjohn
25/2/2020
14:26
The half-year results have just arrived at my home in Spain. One thing Battlebus2 didn't stress is that the debt figure of 8,566k is a decrease from 9,058k at year end. A decent drop in debt. This occurred as follows: Operational cash flow was 558k. Working capital changes generated another 318k in cash. So net cash from operating activities was 876k. Capex was 266k. Interest paid was 183k. So even without the positive working capital changes, debt would have come down by about 100k. Looking at those working capital changes, there was an increase in receivables of 273k, outweighed by a increase in payables of 578k. Inventories decreased 12k. (So some reversal to be expected at the full year?) The admin expense was up markedly at 431k from 345k. I'm guessing this was associated with costs from de-listing. And may improve in the next period. Might we just move back into profit? Overall, not unexpected results and some sign s of improvement. Good luck to all holders.
cjohn
23/2/2020
11:59
Davidosh drop me an email on twitter DM and I’ll send a copy over
battlebus2
23/2/2020
11:44
Only just spotted that one...https://www.bbc.co.uk/news/uk-england-tyne-49937832
davidosh
23/2/2020
10:42
Just to add the fire at the Calendonian is fully insure for loss and loss of business. They’ve set up a trading platform for our share Asset Match.
battlebus2
23/2/2020
00:14
Thanks BB ....very useful.
davidosh
22/2/2020
15:25
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
battlebus2
20/9/2019
12:27
I was satisfied by what I was told on the phone that their intention is to realise value for all shareholders. Whether this will be done in a time frame that gives a decent return to shareholders is another question. So I didn't vote against de-listing. And i remain a holder. The matched bargain facility is an indication of good intent, though such facilities usually produce exchanges at well below intrinsic value.
cjohn
19/9/2019
21:57
The Company is making arrangements to allow for those of the Company's Shareholders who wish to buy and sell Ordinary Shares post-Cancellation to be able to trade through a matched bargain facility provided by a third party provider. A letter to Shareholders providing details of the matching facility will follow shortly after delisting becomes effective. It would be useful if they could still RNS key information as many have shares in nominee accounts.
davidosh
19/9/2019
16:44
Indeed, would seem so...
skyship
19/9/2019
16:41
Looks like your wish was granted Skyship; I'll take a quid.
value hound
27/8/2019
16:48
I’m not a holder anymore, but they have treated minority shareholders very honourably to date.
topvest
24/8/2019
13:12
I'm phoning the company this week. I'm not satisfied that they will protect minority shareholders. They speak about the disadvantages of a listing, but totally forget to mention that this provides a means of selling shares to minority shareholders. They aren't thinking about what's good for minority shareholders So I intend to vote against the de-listing, unless they make clear to me that they will realise value for minority shareholders in the foreseeable future. If I'm very unhappy about what they tell me, I may attend the AGM. (Like Skyship, I live abroad - Northern Spain - and it's a real hassle to get to the meeting.)
cjohn
23/8/2019
17:49
Haven't written / emailed yet re AssetMatch, though will do so. If anyone here is going could you please raise the question at the AGM. Sorry, can't go as I live in SW France!
skyship
Chat Pages: 21  20  19  18  17  16  15  14  13  12  11  10  Older
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