Pphe Hotel Share Discussion Threads

[snadgey] 25/7/2016 19:52

If this £1 div is as a result of cash generated from refinancing deal, then not sure why the share price has dropped? This should be cash the company did not have prior to this deal?

[sogoesit] 20/7/2016 09:44

100p goes ex-dividend tomorrow, 21/07.

[sogoesit] 13/7/2016 12:49

Yes, agreed, good summary catsick.

[catsick] 13/7/2016 12:35

Yes , I am kicking myself a bit for not adding when this sold off , brexit and weak gbp should have made this go up rather than down, they own a lot of euro assets and all the london stuff should be able to increase rates as the cheaoer pound makes london a cheaper trip for overseas, and now this special div underlines the shareholder friendly management with a lot of skin in the game ...

[shanklin] 13/7/2016 12:30

Blimey, was looking to add earlier but didn't. At least I added near the bottom.

[ragehammer] 13/7/2016 12:30

Special dividend of £1 per share from the cash raised from the recent refinancing of the major London and Dutch hotels. A nice result and shows confidence in current trading IMO.

[catsick] 16/6/2016 10:16

All the research tree spam you put up does not give any new info, trying to get you to sign up for a 40 quid a month service, iii should ban website promotion unless they are free to use

[snadgey] 15/5/2016 09:03

Good valuation uplift on its Westminster Bridge Hotel.

[thomasthetank1] 13/5/2016 11:44

Read Edison's note on RANK GROUP PLC (RNK), out this morning, by visiting hxxps://www.research-tree.com/company/GB00B1L5QH97

"Rank’s 10-month IMS showed a solid performance in its venues and strong growth in Grosvenor digital, an important growth driver for the group. News of softer trading in Mecca digital since the recent platform migration is slightly disappointing, but it is early days and Rank has good organic growth prospects as it moves towards a true multi-channel offering, potentially augmented by acquisitions if the right opportunities arise. Our profit estimates are unchanged and the balance sheet is very strong. The 2016e EV/EBITDA of..."

[thomasthetank1] 13/5/2016 11:44

Read finnCap's note on PPHE HOTEL GROUP LTD (PPH), out this morning, by visiting hxxps://www.research-tree.com/company/GG00B1Z5FH87

"PPHE recently completed its Croatian acquisition, setting the scene for additional growth opportunities, and has now also refinanced Park Plaza Westminster on improved terms. Management has yet to detail its full plans for growth in Croatia but we have updated our forecasts based on historic results, the cost of the deal and a cautious assumption on growth. We have..."

[catsick] 13/5/2016 07:35

The other very interesting thing is they have gote a really good rates on this very long term loan from an insurance co not a bank, they are currently paying berween 5 and 7% for gbp and the new loan is 3.8% fixed 12 years so cuts the interest bill on a large chunk by about 40 percent , they mentioned they are doing major refinancing, this could all easily add 20% to the bottom line !

[sogoesit] 12/5/2016 12:39

So if every property were revalued at market where would that put the NAV?
Any ideas?

[catsick] 12/5/2016 12:07

Yes thats quite an eye opening premium to book value 370million vs 144 million , at a very low rate for 12 years fixed, really shows how much value they have added building these hotels, and there is a nice pipeline too of more projects being built !

[davidosh] 12/5/2016 11:46

Very good news...refinancing of Westminster Bridge Hotel. New valuation of £370m vs book value of £144m at Dec 2015. new £180m facility secured on that hotel vs current debt on that hotel of around £104m. So frees up cash and LTV looks fine at sub 50%.

[sogoesit] 28/4/2016 06:27

Carlson and part of Rezidor being bought by Chinese group HNA:
hxxp://www.foxnews.com/world/2016/04/27/china-hna-to-buy-radisson-operator-carlson-hotels.html

[sogoesit] 31/3/2016 03:57

Oh, its lunch time here, bench, .... in Singapore ;-)
Thanks for feedback.

[bench2] 23/3/2016 14:03

Wow , a touch of insomnia Sogoesit judging by the time of your post . I agree Macau / Atl City very much gambling related and so far Apart hotels a direct rival . The problems at the 5 star level in Paris , where Hotel Bristol , G Cinq etc complained about the top end AirBB taking some very valuable custom has not happened in London yet

[sogoesit] 23/3/2016 02:01

Thanks for your view bench2... especially on the risks.
Macau and Atlantic City are highly specific cases (gambling) but your point is well taken.
AirBnB disruption is an interesting one... that, for now, doesn't appear to have made a dent. My view is that Airbnb competes with an "Apart-Hotel" rather than a full service/conference/resort hotel.
I have been in the Far East for a few weeks and checking AirBnB. There is availability in the major cities, but not much, and what is available tends to be priced higher than a 3/4 star hotel and the Apart-Hotels. Using AirBnB is also a matter of trust so, I imagine, using a property owned by someone of your own culture would be preferable. It may not be the ubiquitous model that Uber can promote.
There is also a value cushion at the current price for the risk. How long that continues is then the question.
My decision has been to stay at Apart-Hotels since there is basic service included but this price/service relationship can change with season, holidays or major conferences.

[defender16] 21/3/2016 19:39

That sounds like you are trying to ramp it up

[defender16] 21/3/2016 19:38

That sounds like you are trying to ramp itbup

[catsick] 21/3/2016 09:50

Ok didnt realize they were still a bit stale ! Anyhow there has been substantial value add to the london assets over that time, also with the Chinese paying way over the odds now for good hotel assets we could be looking at 20 quid (-::

[sogoesit] 21/3/2016 02:52

Chart is very bullish (upward expanding triangle)... tried to buy at 760p on friday but no luck.

[stevie blunder] 17/3/2016 20:18

It does say this in the AR

2 The indicative fair value adjustment on book value properties represents the difference between the book value of the Group’s owned properties and the market
valuations, which for the majority of the assets were performed in or after 2013.

so not exactly current, but not that old either. Although it doesn't say how they were performed I would assume it was by external experts.

I'm not a shareholder, just doing my DD and getting quite interested :-)