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PHO Peel Hotels Plc

50.00
0.00 (0.00%)
03 Dec 2024 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  0.00 0.00% 50.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
50.00 60.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 50.00 GBX

Peel Hotels (PHO) Latest News

Real-Time news about Peel Hotels Plc (London Stock Exchange): 0 recent articles

Peel Hotels (PHO) Discussions and Chat

Peel Hotels Forums and Chat

Date Time Title Posts
29/10/202411:45An overlooked asset playin the hotel sector543

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Peel Hotels (PHO) Most Recent Trades

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Peel Hotels (PHO) Top Chat Posts

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Posted at 16/9/2023 13:10 by pdosullivan
NAV of GBP1.01 a share in January 2023 versus a GBP0.30 current bid on the AssetMatch.com platform
Posted at 23/6/2023 07:07 by cjohn
hxxps://www.thecaterer.com/news/peel-hotels-three-properties-sale-midland-george-caledonian

hxxps://www.thecaterer.com/news/six-peel-hotels-properties-sale-right-price

Hello pdosullivan,

Here are a couple of references.

It's true these are a few months and a year old now, but the Company hasn't announced a change of mind, so I'm assuming they are still looking for buyers.
Posted at 03/2/2023 10:38 by pdosullivan
Local media reporting that PHO has sold the Norfolk Royal hotel in Bournemouth. No details on the price but it was originally listed for 8.5m and net debt was 7.2m in January 2022 so the Group is now likely to be in a net cash position. The sale of more hotels should facilitate the long awaited return of capital to shareholders.
Posted at 29/10/2022 14:05 by pdosullivan
Coincidentally the £7.2m of debt will, all else being equal, reduce to zero assuming The Caledonian Hotel in Newcastle makes its £6.5m guide price and the £700k insurance payout is received.
Posted at 15/4/2022 21:48 by cjohn
If they find a buyer, there will not be an issue with debt.

At the share price they traded at before de-listing, they were at a deep discount to NTAV.

So a successful resolution of assets within a few years will produce a decent return, in spite of COVID and rising energy prices.
Posted at 15/4/2022 18:14 by topvest
Paul Scott has talked about this on Stockopedia and the read across more widely on banks tightening their lending criteria / reigning in lending. It's fairly ominous for the hospitality sector if the banks are refusing to renew the debt facility at Peel Hotels. There must be far worse customers than Mr Peel given his personal support for the group in times of difficulty.

I had thought earlier this week though that the hotel trade must really be struggling. 2 years of Covid-19, then they get customers back but are hit with 1. Enormous energy price increases; 2. Massive labour rate cost inflation; and 3. Increased interest rates. The banks could well pull the plug on a number of hotel groups later in the year in my view.
Posted at 15/4/2022 07:36 by pdosullivan
This week it emerged that Peel has put one of its six remaining hotels up for sale. A disposal at the guide price would leave it debt free, potentially opening the door to buy backs and / or dividends https://www.bournemouthecho.co.uk/news/20062829.amp/
Posted at 08/12/2021 20:17 by pdosullivan
Hi all, I have written a blog on Peel Hotels, which I am a shareholder in, that may be of interest to some of you. The blog can be found here: https://tbifund.wordpress.com/2021/12/08/peel-hotels-pho-ln-check-in-before-they-check-out/
Posted at 06/12/2020 13:17 by pdosullivan
I see that PHO's interim results were published on Friday. Unsurprisingly it reflects a very grim trading period (6 months to 9 August), with a net loss of £1.6m. However, NAV of £21.7m equates to c£1.50 a share versus the 50p level at which the stock last traded at. Provided lenders remain supportive in these unusual times (and there's no indication that they won't be), an orderly realisation of PHO's remaining assets should deliver strong upside.
Posted at 07/11/2020 12:46 by pdosullivan
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.
Peel Hotels share price data is direct from the London Stock Exchange

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