Share Name Share Symbol Market Type Share ISIN Share Description
Pphe Hotel LSE:PPH London Ordinary Share GG00B1Z5FH87 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1,205.00p 1,190.00p 1,220.00p 1,205.00p 1,205.00p 1,205.00p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 288.9 28.2 50.7 24.1 510.48

Pphe Hotel Share Discussion Threads

Showing 301 to 324 of 325 messages
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DateSubjectAuthorDiscuss
16/4/2018
10:02
Interview with CFO: htTp://www.edisoninvestmentresearch.com/edison-tv/clip/executive-interview-pphe-hotel-group?utm_campaign=1161439_Executive%20Interview%20-%20PPHE%20Hotel%20Group&utm_medium=email&utm_source=Edison%20Investment%20Research%20Limited&dm_i=2PWO,OW67,58PRPI,2JQ3M,1
sogoesit
12/3/2018
11:37
Edison notes today: "PPHE Hotel Group Fraught with Opportunity PPHE has delivered a strong set of results for 2017. The 14% EBITDA gain was ahead of our expectations, largely owing to core resilience in London, the company's major profit source, despite a demanding H2 comparative and notable market slowdown. The new properties (Waterloo and Park Royal) also surprised. While 2018 is transitional as management reviews deployment of its greatly enhanced flexibility (c £290m cash equivalents at end-2017), there should still be good progress thanks to recent openings and current momentum. Indeed, our new 2019 forecasts may prove cautious, given such investment potential. PPHE’s modest rating reflects neither this excess liquidity nor its asset backing (fair value c £20/share). Business description PPHE Hotel Group (formerly Park Plaza Hotels) is an integrated owner and operator of four-star, boutique and deluxe hotels in gateway cities, regional centres and select resort destinations, predominantly in Europe. Next events IMS May 2018 Analysts Richard Finch +44 (0)20 3077 5700 Paul Hickman +44 (0)20 3681 2501 consumer@edisongroup.com Edison profile page PPHE Hotel Group is a research client of Edison Investment Research Limited H2 bucks headwinds As 23% higher H1 EBITDA was driven by recovery in London, a gain of 9% in the half-year to December is no less creditable, given clear slowdown in the capital and major refurbishments in the Netherlands. With core London RevPAR flat in H2 (our estimate), PPHE looks in line with the market, while its flagship Westminster Bridge again markedly outperformed its peers. However, unsurprisingly, cost pressures (eg payroll and property taxes) were to the fore, hence core London EBITDA was apparently down slightly, if by less than we forecast. Waterloo (especially) and Park Royal are stabilising rapidly with an impressive first contribution. Croatia was buoyant (local currency double-digit RevPAR growth) and the Netherlands resilient (RevPAR +3%) despite renovation works (local currency EBITDA down by a quarter). Developments may well surprise forecasts On stated investment plans, we are comfortable with existing 2018 forecasts, detailed on page 2, bar minimal adjustments. EBITDA growth will be driven by recent investment in London and Croatia, while H217 suggests costs may be less punitive in core London than feared (we still expect lower margin), even if our RevPAR is now curbed from +2% to flat. 2019 is less clear as management focuses on exploiting flexibility after Waterloo’s sale and leaseback and Arena’s fund-raising. Valuation: Deals to showcase value creation Record share price strength suggests overdue recognition of PPHE’s investment case. In particular, the market discount to fair value is highlighted by refinancing valuations that show an excess of £500m+ over book value. Expected investment activity should only accentuate this and draw attention to the company’s strong development record. At 8.0x 2018e EV/EBITDA excluding Waterloo finance lease, the rating is low against an average of c 11x 2018e for branded European peers."
sogoesit
28/2/2018
12:13
Latest Total Net Book Value per share is about £27. An increase of about 8%+ over last year.
sogoesit
28/2/2018
07:45
Nice results this morning. Slightly better than expected and NAV up quite a bit.
winsome
31/1/2018
16:43
Good increases in RevPAR, both Euro and GBP based along with occupancy. PPH has Euro income so translation will be good for GBP accounts. Not sure that we will know anything about GBP/USD deterring tourism in UK til well into the year but general USD weakness probably will have an effect on Americans (as they also tend to travel to the continent). Similarly strong Euro will have an effect too for continental europeans travelling to UK. A difficult one to figure out if at all.
sogoesit
25/1/2018
06:41
Do you guys think the sudden increase in the £... 5% + already just this month,will affect the sp, maybe London will suffer from a drop in tourism as a result? This was my only concern going fwd.
ny boy
25/1/2018
05:12
I think the hoxton trade just shows there is even more hidden nav on the half they already owned !
catsick
24/1/2018
16:45
Edison comment today: "Today’s proposal to acquire full ownership of the land for its Hoxton scheme is welcome evidence that PPHE’s continued growth is very much in hand. The company’s strong development record, sustained by recent major openings in London, coupled with the established strength of its reach in the capital, reinforce confidence in this exciting and potentially lucrative project. Moreover, it can only benefit from the introduction to London of lifestyle “art’otel” by PPHE at high-profile Battersea Power Station. Construction is set to begin in Q2."
sogoesit
20/1/2018
09:22
Hmm... an illiquid stock, few shares purchased bumped up the price. Prone to abrupt share price movement. But, still undervalued on asset value. On operating basis it is asset heavy (vs IHG asset light) so returns on assets/equity etc. are dismal. It significantly outperforms IHG over the longer term ‘tho - 3+ years. Occasionally I buy more (few days ago) otherwise I leave it to sleep.
sogoesit
19/1/2018
17:20
So - looks like the market agrees with you. Suet
suetballs
27/12/2017
19:24
This share has had a great year. Long may it continue. Suet
suetballs
31/10/2017
08:31
Decent trading update yoy room rates all healthy increases and confident for q4
catsick
31/10/2017
04:33
Edison has “Fair value” at £18 now (in their evaluation of 20 September after last results). The last marker I had was £17 but that was a while back so I’ve lost track of where we are now. Anyway, the sp’s track is upwards but pretty unpredictable in when the lurches occur. Mind you I was worried for a few months at 700 after the lurch from 800. I think one to put away, forget and look at when I get near to death... maybe sooner, who knows ;-)?
sogoesit
19/9/2017
11:22
I am now up 120% on this and will continue to hold. One of my recent better investments! Suet
suetballs
11/9/2017
09:15
I dont think its news leaking, I just think we have someone buying a decent stake over time and there is not a lot of selling interest, I would guess with true nav over 20 pounds and london hotels booming these guys having shown they are excellent at acquiring and developing sites very profitably should be trading higher and if you push it up a pound in doing so you are still in at an excellent level
catsick
06/9/2017
08:39
The recent buying pre-news release looks mightily pre-emptive, and correct, in that case. Patently a leaking organisation.... to be aware of in future imv!
sogoesit
06/9/2017
07:10
Very impressive growth numbers the like for like revpar growth is huge, should see us push through 10 quid ...
catsick
01/9/2017
01:58
Two months without a down day now ! Must be some patient buying going on, still at such a massive discount it could go on for a while ....
catsick
25/8/2017
13:18
Yes its going up every day, the results are going to be sweet ...
catsick
22/8/2017
07:35
Not long to wait -interim results 6th September. Suet
suetballs
17/8/2017
20:06
Yep, something must be brewing when trades come out of the blue. Maybe tourism and Athletics championships good for business in the big city...
sogoesit
17/8/2017
17:20
£9 broken today - nice. Suet
suetballs
05/7/2017
12:16
Ok; from cash on the balance sheet? Yes, I see this: "..and is intended to be used to further improve and grow the Group's portfolio amongst other corporate purposes."
sogoesit
05/7/2017
12:13
no that is being ploughed into the business. They could still do a special dividend if they want though.
trytotakeiteasy
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