Peel Hunt Share Discussion Threads

[lightning bolt] 26/10/2004 14:35

indeed, sad day.

[strongbow] 26/10/2004 14:35

Lovely man, great sense of humour and humanity. Was well loved and respected.

[mkearns] 26/10/2004 14:31

Just thought I would start a thread to pay my respects to the greatest radio dj
of our generation. John Peel died today of a heart attack while on hoilday in Peru.

I still remember listening to his late night show on Radio 1 every night during the
late seventies and early eighties. His festive fifty shows building up to Christmas
will remain a fond memory.

Rest in Peace John Peel.

[the diviner] 30/6/2004 22:34

Hi,

Since they control over 90% they could force you to sell as a dissentient shareholder. You need to speak to the registrar

I do not hold but like others was watching and planned to buy.

TD

[davidbh] 30/6/2004 20:12

Enlightenment please.
Does the proposal to buy out minority shareholders (like me) at 1240p by way of a scheme of arrangement have any enforcement teeth (such as share cancellation0?
Or is it , in my simple terms , an offer which may be refused ?

[farsight] 30/6/2004 12:41

Drat, I had my eye on this one. They're thinking of a 40-storey condo on Salford Quays.

[shirishg] 30/6/2004 10:22

Post removed by ADVFN

[serko1] 30/6/2004 10:21

nice 47% profit in just under 10 months. a bit of a shame though as I really beleived in the long term potential of this one.

[sandbank] 30/6/2004 10:00

...Well damn! I was going to buy yesterday - but didn't expect this!

[teedashark] 26/5/2004 18:31

Property in Doncaster will surely boom once the airport is open

[serko1] 20/4/2004 14:17

Things could really start hotting up at Peel in the next few years.


"MGM MIRAGE and Peel Holdings Plc Announce Strategic Alliance to
Create Developments Totaling Over 650 Million Pounds Sterling in Liverpool,
Manchester, Salford and Glasgow


LAS VEGAS, April 19 /PRNewswire-FirstCall/ -- MGM MIRAGE, the most respected
US based gaming and entertainment company, and Peel Holdings Plc, one of the
UK's largest private landowners and property developers, today announced a
strategic alliance to pursue the potential development of several
multi-purposeleisure, entertainment and gaming complexes in a number of the UK's
leading
cities including Liverpool, Manchester, Salford and Glasgow.

The first phase of the gaming and related elements of the proposed schemes have
a potential projected cost in excess of 650 million pounds sterling (about $1.1
billion dollars), which if developed, will lead to the creation of
approximately 20,000 direct and indirect new jobs together with related
significant regeneration and tourism benefits. The projects, all ofwhich are
contingent upon the timely implementation of gaming reforms, planning and a new
tax regime, include:

- An innovative mixed-use development of 125 acres of land known as
Glasgow Harbour, currently owned by Peel Holdings, which willincorporate a
casino operated by MGM MIRAGE and other related leisure
facilities. Development of the casino alone has the potential to
create as many as 2,500 direct construction jobs and 2,000 direct
leisure-related jobs, as well as significant additional indirect jobs.

- A formal expression of interest to construct a major multi-purpose
leisure and gaming development, incorporating a casino operated by MGM
MIRAGE and other related facilities, including restaurants and
entertainment venues, at Sportcity in East Manchester adjacent to The
City of Manchester Stadium. The development has the potential to
create as many as 2,500 direct construction jobs and 1,600 direct
leisure relatedjobs, as well as significant additional indirect jobs.

- An outline planning application to Salford City Council to develop a
20,000-seat sports stadium, casino and hotel in Salford adjacent to
the M60 motorway and the Manchester Ship Canal. The development has
the potential to create as many as 2,500 direct construction jobs and
1,600 direct leisure related jobs, as well as significant additional
indirect jobs.

- A formal expression of interest with LiverpoolCity Council to develop
on land known as King's Waterfront. The development has the potential
to create as many as 1,500 direct construction jobs and 1,000 direct
leisure related jobs, as well as significant additional indirect
jobs.Commenting on the proposals, Terry Lanni, Chairman and CEO of MGM MIRAGE, said:
"MGM MIRAGE and Peel are both companies focused on building world-class
facilities. Our combined resources and experience create an important alliance
that we believe will lead to the development of entertainment venues that could
transform the leisure opportunities available to those in and around Liverpool,
Manchester, Salford and Glasgow. Our companies' unrivalled reputation,
manpower and financial resources create a partnership singularly positioned to
develop multiple projects of this scale while maintaining unparalleled levels
of quality."

John Whittaker, Chairman of Peel Holdings Plc, said of the alliance: "Peel has
extensive property interests and landholdings near to major cities together
with vast experience in building high quality regeneration developments. MGM
MIRAGE owns and operates what we believe to be the best leisure, entertainment
and gaming destinations in the world and this is undoubtedlythe ideal
partnership to bring the best possible gaming experience to the UK. We look
forward to working with MGM MIRAGE on evaluating further projects and
developing a number of these destinations".

Lloyd C. Nathan, Managing Director, Europe, of MGMMIRAGE Development said:
"All of the projects that we have announced today, and others which we are
still exploring, have the potential to result in unprecedented levels of inward
investment, jobs and tourism for each of the locations we have chosen. With all
of our projects relying on the timely implementation of commercially viable
gaming reforms, we look forward to working together with all of the local
communities, their political representatives and with the Government, with the
aim of ensuringthat these valuable benefits are fully realized."


-------------------------------------------

"16-03-2004
Peel plans to make Salford the North West distribution capital

Peel Holdings have announced dramatic new plans to bring more shipping back to Salford at Port Salford, a multi-modal freight terminal at Barton, 5 miles to the west of Manchester City Centre. The Company believes the rail served quayside facility has the potential to become the North West's distribution hub.

The 200 acre vacant brownfield site has been earmarked by the City of Salford for employment development for a number of years. Peel's plans for this could realise the Council's dream, directly up to 2,100 people and many more thousands created indirectly, providing a massive boost to the local economy.

Port Salford would be a truly multi-modal facility. It has excellent road links to the M62 and M6. It would be connected to the strategic Trans-Pennine railway earmarked for improvement to W10/W12 gauge and linking Liverpool and the West Coast Main Line with Hull. The availability of the neighbouring Manchester Ship Canal brings an extra dimension.

Peel's aim is to bring larger ships into the heart of the region and approximately 300,000 containers a year would be handled at Port Salford, with around 50,000 arriving by ship.

Peel's subsidiary, Clydeport already operate short sea feeder services linking Glasgow with south coast and European container ports and these will be extended to Port Salford, providing a third option for distribution companies to access their premises or reach their markets. From next month a container service will be introduced at Irlam on a trial basis.

Mike Butterworth of Peel Holdings said:"Salford Docks and the Ship Canal were once at the heart of the region's economy. This plan will revitalise the Canal and once again make Salford the distribution capital of the North West".

---------------------------------------------

"Salford Council gets behind racecourse scheme
14 April 2004 08:45


Salford Council is backing a £100m project to open Salford Forest Park, the first racecourse to be built in Britain for 40 years.

The complex, if it gets the go-ahead, would include an all-weather grandstand for 6,000 people, a floodlit racetrack, an 80-bed hotel, stabling for 100 horses and a golf course on a 687.99ha (1,700 acre) site in Worsley.
Peel Holdings claims it has addressed conservationists' fears by providing separate access routes to minimise congestion and an 83ha (205 acre) reserve. It would open up Botany Bay Wood, proposed site of the new racecourse, by 11 miles of cycle trails, eight miles of riding trails and nearly 20 miles of footpaths. The project is expected to take three-and-half years to complete if planning permission is secured".

[banney] 16/4/2004 19:09

Thomson have just announced they will be flying from Finningley from Mar 2005
If Finningley is half as p;opular as John Lennon airport then it could be a good time to get into Peel

[davidbh] 21/12/2003 00:58

Thanks Serkol for two excellent posts.
I'd still back John Lennon + Finningley for fastest growth over the next 10 years.
The only q. for investors is: can you afford to wait that long ?
To which the A. is: Look at the share-price graph over 2 years.

[serko1] 19/12/2003 14:12

Why turn down something like this?

"City may lose out over new airline Dec 19 2003




By Neil Hodgson Liverpool Echo





A NEW UK domestic airline wants to set up in Liverpool flying to 41 UK and Irish destinations in direct competition with the rail industry.

Air-Train proposes to use 32 200-seat jets with 16 permanently based here, creating almost 600 jobs at Liverpool John Lennon airport.

But airport chiefs say they do not have the capacity to handle the ambitious scheme and Air-Train founder Neil Bellion says he may now have to take his proposal to Manchester.

Airline consultant Mr Bellion, 39, from Liverpool, is part of a four-strong team aiming to raise £65m on the Alternative Invesment Market, the junior stock market, in the first quarter of 2004 to fund their plans.

He sees no shortage of investors: "Richard Branson recently floated an airline in Australia which was 10-times over subscribed, and easyJet's flotation was also oversubscribed.

"We want to get our funding away in the first quarter of the year and we have to have an airport in our prospectus. Manchester is looking more likely."

Mr Bellion, whose last project was setting up an airline in Kurdistan, said Liverpool has turned down his proposal but offered to help him set up at Finningley in York-shire, a small airport which parent company Peel bought earlier this year.

He said: "I've been talking with Liverpool for two years and I'm still looking at JLA, but they say they don't have the capacity.

"They need to raise their ambitions in terms of their infrastructure and their airport. There's bags of land available."

He added: "They don't want to spend the money on the infrastructure we need. Finningley isn't an option because it won't be open for another year."

He explained the idea behind using Liverpool as a "hub and spoke" operation is because it is ideally located in the middle of the country.

Planes would link virtually all the UK, from Northern Ireland to the tip of Scotland, London and the Channel Islands.

Mr Bellion said: "For example, if someone from Newcastle wanted to get to Birmingham they would fly to Liverpool and change planes onward to Birmingham.

"Liverpool would be like the Crewe station of the air industry."

Tickets would range from as little as £9 one way, with the most expensive return fare priced at £128.

"All fares will be lower than the train," said Mr Bellion.

"Flights will be ticketless. We'd issue smart cards. Passengers would book online and we would credit their smart card for the flight. Electronic readers would then allow their card access at the gate."

He said the business could handle 256 flights a day, carrying 22 million passengers a year, making Liverpool the country's fourth busiest airport.

And because most passengers would not carry luggage there was an opportunity to make Liverpool the UK's premier hub for same day mail and parcel delivery.

Although Air-Train would be a domestic operation he said it represents a fantastic opportunity for Liverpool to take long-haul transatlantic flights and offer passengers onward planes to anywhere in the country.

Mr Bellion says he has already been offered 33 Boeing 757s by Thomas Cook Airlines: "Because of the state of the holiday industry they are using smaller planes."

Liverpool JLA corporate affairs manager Robin Tudor said: "We're talking to a number of start-up operations and would include Neil Bellion in that.

"We do have a problem in that what he is proposing we couldn't accommodate in time.

"Our expansion plans have been agreed with the local authority and we can't divert from that.

"We have to be realistic as to what we can accommodate within the guidelines as agreed with the local authority. There's no point in kidding anybody if we can't cope with it. Parking the planes was a problem in itself.

"Finningley is a new airport with huge potential but we're still in discussions and we are certainly not saying 'go away we're not interested'."

[serko1] 04/12/2003 15:56

VLM airlines is starting a 5 daily service from Liverpool to London city airport.

This could attract some high spending businees people to the airport.

[anley] 20/11/2003 13:22

Has anyone considered the new International Accounting Standards to be introduced in 2005. It concerns the potential CGT liability calculations which need to be in all property company's balance sheets.

There is also the FRS13 which says companies must disclose debt structure etc.

All this means that most property companies will have to disclose reduced NAV and in the case of Peel one wuld need to ask the FD.

Anyone else to comment?

[serko1] 18/11/2003 15:14

I've heard a rumour that VLM are going to start a 6 times a day service from Liverpool to London city. Hopefully this will get some high spending business people through the airport. Airwales have also announced that hey will start a liverpool to Cardiff and a liverpool to Newcastle service from the 8th of December.

Oh and easyjet have announced a liverpool Berlin service to start next year.

[davidbh] 15/10/2003 20:40

Reasons (to be hopeful):

1.Rumour that Peel interested in buying TBI (=airports).

2.Peel now has 6%interest in Mersey Docks.

3.Press coverage of 1 + mention of Finningley/Doncaster airport development.

Each one seems a plus point but 5 years ahead...? Look at the share price 5 years back.

[serko1] 09/10/2003 12:13

Their main projects/businesses.

The Trafford Centre

Peel land and property
5millions square foot of investment property
14,000 acres of land

Peel Ports
Clydeport
Manchester Ship Canal
Glasgow Harbour

Peel Airports
Liverpool Airport
Durham Tees Valley Airport (teesside)
Robinhood Doncaster Sheffield airport

[bovecq] 09/6/2000 23:46

Thanks guy, sums up a reasonably negative outlook; don`t know anything about the co, but was interested in what the scenario meant,
cheers, A.

[pw] 09/6/2000 23:45

If you trust the management they are saying, "We can't reinvest this to give you pound for pound better value for money and we believe the company is undervalued anyhow".

If you don't trust them then I'll go with Quark's analysis.

[quark] 09/6/2000 23:19

It usually meaans the management can't think of anything better to spend their money on.

[bovecq] 09/6/2000 23:15

I wonder if anyone can help me please. Although I do not hold any, Peel Hlds are buying back shares, largely for cancellation. The price has jumped from 410 in May to current 630 on back of this and that the co will buy back up to 700p, no commission. What exactly does this mean, are the directors taking the co. back into private hands again?, or is this seen as a signal that something may be up? I believe that there is a time limit on the buyback till end June. If nothing specific to the co, in general terms what would this action indicate?
Thanks for any info, specific or general,
A.