Peel Hotels Share Discussion Threads

[cjohn] 20/9/2019 13:27

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.

[davidosh] 19/9/2019 22:57

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.

[skyship] 19/9/2019 17:44

Indeed, would seem so...

[value hound] 19/9/2019 17:41

Looks like your wish was granted Skyship; I'll take a quid.

[topvest] 27/8/2019 17:48

I’m not a holder anymore, but they have treated minority shareholders very honourably to date.

[cjohn] 24/8/2019 14:12

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.)

[skyship] 23/8/2019 18:49

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!

[davidosh] 23/8/2019 15:30

Who is going to attend the Agm?

I already know three shareholders are going and clearly our position needs to be made clear on how our minority interests need to be protected. I do not think buying shares with our company cash at anywhere near the market price at the delisting is reasonable and it should be done only at a small discount (say 10 to 15% max) to the NAV per share if shares are being bought back and reducing the minority interests even further.

[value hound] 06/8/2019 14:35

I can't really imagine the Peels settling for anything less than c.20m / 142pps, which would still be more than 14% under NTAV. Personally, I'd be more than happy with a quid at this stage - but it's all a question of "when?"

Then again, debt is falling and NAV rising, and without the cost and distraction of listing that could, conceivably, accelerate things, as could any kind of clarity on Brexit, so maybe a couple of wilderness years would be no bad thing; though these would be eased if we saw some divis whilst not listed.

[fillipe] 06/8/2019 14:03

Much agree with you there!

f

[playful] 06/8/2019 12:56

That savvy couple Davidosh & BB2 know a good thing when they see it!

[fillipe] 06/8/2019 10:38

Lowest ask now moved up to 60p.

Market appears to like the recent news.

f

[fillipe] 06/8/2019 10:14

Maybe they need to see the delisting gone through before they advise of the future way forward for share trades.

A good site thought, SKYSHIP .... I've noted that one.

f

[battlebus2] 06/8/2019 10:09

Good idea.

[skyship] 06/8/2019 09:15

Surprised that they're not offering continued matched bargain deals under the AssetMatch route. Think I'll write to them to suggest as much...

[fillipe] 06/8/2019 08:57

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

[fillipe] 05/8/2019 19:20

Also me - a new holding of one which I have held in the past.

f

[battlebus2] 05/8/2019 16:38

Also added today 👍. Should reward us all in time.

[davidosh] 05/8/2019 16:35

I have just taken a holding at 50p and will hope to either meet with management at the Agm and sit this one out for an improvement in business or sale of assets and return to shareholders

[rj allen] 05/8/2019 09:37

How many shares do you need to hold to get the discount?

[rj allen] 05/8/2019 09:37

How many shares do you need to hold to get the discount?

[diku] 05/8/2019 08:37

Another banana skin...

[skyship] 02/8/2019 18:01

Frankly those numbers look a whole lot better than I was expecting. The delisting will no doubt cause some to bale; so I may look to add if cheap stock hits the market on Monday's relisting...assuming it is Monday of course!