Pphe Hotel Share Discussion Threads

[nchanning] 05/9/2024 13:28

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 13:23

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

[nchanning] 05/9/2024 13:09

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 14:12

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 13:42

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

[nchanning] 04/9/2024 12:31

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 12:21

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

[nchanning] 04/9/2024 12:17

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

[sogoesit] 29/8/2024 20:28

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 11:36

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 09:00

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

[its the oxman] 29/8/2024 08:50

All looks good to me, but H2 trading is more important. New opening delays perhaps prompted the initial fall today but relatively minor issue and they will contribute. Div up a bit less than hoped possibly. But if we end up getting 40p ish for the year that's not bad - though a tad less than previously forecast. Still feels very unappreciated given what's going on, new openings, development and quality of operations c. 1350p.

[suetballs] 29/8/2024 08:26

Building anything can have delays - but hopefully not long ones here.
I will watch the presentation at 10.30 to see what they say about it.
Suet

[rolo7] 29/8/2024 08:04

I dont see how building/running hotels can have supply chain issues? IT systems?

[suetballs] 29/8/2024 07:16

Good half year - no concerns for me.
And an increased dividend.
Suet

[its the oxman] 15/8/2024 15:08

Added today results end of month and lots of other stock have moved. Hoping some catch up and good news to come here after the good q1 trading update.

[its the oxman] 11/7/2024 08:22

Share buyback cant hurt but it's small.

[its the oxman] 30/5/2024 15:15

Any reason for the sell off?

[its the oxman] 28/5/2024 12:24

Added a few today sub 1350p.

[rolo7] 21/5/2024 14:21

Tight spread just 5p takeover here? Pennies for ICG i would think merger

[its the oxman] 17/5/2024 09:30

What am I missing , up to 1520p on trading update now back to 1400p while market and property stocks have generally picked up. Do we have hotels in Georgia or something?

[rolo7] 25/4/2024 10:26

Ex dividend today 20p

[its the oxman] 25/4/2024 09:42

Pretty solid / encouraging update.

[rolo7] 24/4/2024 12:40

Trading statement tomorrow, did these state dividend payment date/ex?

[its the oxman] 24/4/2024 12:40

1485p and looking strong prior to tomorrows update. If it's good our climb higher should continue. Still well below nav.