Pphe Hotel Share Discussion Threads

[blueclyde] 09/12/2024 07:35

As per todays RNS trading in the European REIT will begin on 23 December. Should add more liquidity. Perhaps the share should start moving to the 26 pound a share NAV? I see no reason for such a discount?

[its the oxman] 06/12/2024 09:32

Think JP Morgan upgraded hotel sector.

[blueclyde] 05/12/2024 20:11

Mention on the LSE board that this has been added to some European REIT index. I see absolutely no reason for the huge gap on NAV now.

[its the oxman] 05/12/2024 12:17

Yes. Half expected some bid announcement today when it was up 11%.

[blueclyde] 05/12/2024 11:20

I bought a load too. Looks like the NAV should be over 30 quid when they report results early next year? Profits will be up too with the new London hotel. Happy to old for the yield alone but if the discount doesn't narrow surely there will be a bid?

[its the oxman] 05/12/2024 10:03

Now 1350p offered. Hmm. What's up?

[its the oxman] 05/12/2024 09:08

Up over 6% today back to nearly 1300p , but why , rise seems as unexplained as fall. Just catch up I guess.

[its the oxman] 13/11/2024 14:46

Do we really deserve to be at 1150p?

[nicolaw] 10/10/2024 22:26

maybe they want to sell off nd let the share price keep dropping so their mates can buy it cheap??

[nchanning] 07/10/2024 15:20

Very easy for management to take advantage of weak share price . A billion pounds of assets available at a 50 % discount if they buy their own shares back . Why bother with any new developments whilst own shares offer better value ?

[suetballs] 07/10/2024 13:44

War and impending budget maybe.
Jet2 has struggled recently.
Suet

[its the oxman] 07/10/2024 12:44

Any ideas on continued fall here.

[its the oxman] 12/9/2024 08:02

Seems very harsh to be back near 1250p

[nchanning] 05/9/2024 12:40

If liquidity is not good enough to buy more , make a tender offer at 1400p

[nchanning] 05/9/2024 12:28

Yeh 4 million buyback is token they can get pound coins for 50p never going to match that return building and developing

[suetballs] 05/9/2024 12:23

They are buying back shares but I accept the level is peanuts.
Suet

[nchanning] 05/9/2024 12:09

Ok perhaps I can buy that cap rates on hotels didn't move as much you'd think as it's a very long term investment . And that development and stabilisation and operational recovery after COVID , and inflation of hotel rates were more than enough to offset lower valuations . But if you really believe your own valuations how do management not buy back more shares here instead of developing more . If the net reinstatement value is 1.1 billion and your market cap is 530m why would you build more hotels , the best value you can get is to just to buyback your own stock

[suetballs] 04/9/2024 13:12

Watch the Investor Meet Company presentation on the recent results which can be found on the company website. It may help you.
Suet

[nchanning] 04/9/2024 12:42

If anyone can tell me this book value is legit I'd be happy to back up the truck

[nchanning] 04/9/2024 11:31

And if the hotels are half replacement value why build anymore hotels ? Surely better value to direct all cash flow to buybacks ?

[nchanning] 04/9/2024 11:21

If anything it went up but surely cap rates changed dramatically on hotels ?

[nchanning] 04/9/2024 11:17

Shouldn't EPRA NAV have been obliterated by the change in interest rates from 0 to 5.25 % ?

[sogoesit] 29/8/2024 19:28

This company has always been undervalued (I used to own the stock pre-covid and had to sell-out at a loss)... and still is at about 50% of EPRA NAV.
Now there's some stability am thinking of getting back in... but would like to see more return in divdends and/or buybacks to support the NAV undervaluation.

[suetballs] 29/8/2024 10:36

Comments on the presentation:
Opening delays adequately explained imo - especially red tape in Rome.
Nice to see they are hoping for the discount to narrow.
New York shelved - growth seen elsewhere in the porfolio in Rome and Croatia but challenges in London on planning etc.
Overall a well run business and I believe we can look forward to enhanced returns in the future.
Suet

[its the oxman] 29/8/2024 08:00

Revised nav come full year results will also be interesting to see. Hoping it gets nudged higher with what's going on.