Pphe Hotel Share Discussion Threads

[catsick] 25/1/2018 05:12

I think the hoxton trade just shows there is even more hidden nav on the half they already owned !

[sogoesit] 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.

[suetballs] 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

[catsick] 31/10/2017 08:31

Decent trading update yoy room rates all healthy increases and confident for q4

[sogoesit] 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 ;-)?

[suetballs] 19/9/2017 10:22

I am now up 120% on this and will continue to hold.
One of my recent better investments!
Suet

[catsick] 11/9/2017 08:15

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

[sogoesit] 06/9/2017 07:39

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!

[catsick] 06/9/2017 06:10

Very impressive growth numbers the like for like revpar growth is huge, should see us push through 10 quid ...

[catsick] 01/9/2017 00:58

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 12:18

Yes its going up every day, the results are going to be sweet ...

[suetballs] 22/8/2017 06:35

Not long to wait -interim results 6th September.
Suet

[sogoesit] 17/8/2017 19:06

Yep, something must be brewing when trades come out of the blue.
Maybe tourism and Athletics championships good for business in the big city...

[suetballs] 17/8/2017 16:20

£9 broken today - nice.
Suet

[sogoesit] 05/7/2017 11:16

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."

[trytotakeiteasy] 05/7/2017 11:13

no that is being ploughed into the business. They could still do a special dividend if they want though.

[sogoesit] 05/7/2017 11:10

Will there be a special dividend announcement in the half year (from the value raised through the recent sale and leaseback)?

My estimate of cash value released is £81m or about £1.90/share.

[sogoesit] 22/5/2017 15:52

This is from free part of Research Tree Edison on 09 May:

"PPHE has consolidated a H216 recovery with a “strong” start to 2017. The 21% like-for-like RevPAR gain in Q1, albeit on weak comparatives and currency-boosted, implies double-digit yield growth in key UK and German markets, which is impressive in uncertain times. Full-year prospects remain positive, boosted by transformative investment in London and Croatia, now the subject of major fundraising by its Arena subsidiary. Potential asset sales and associated return to shareholders, as in 2016, could be a significant catalyst for a share price at a huge discount to real asset value.

The 21% like-for-like RevPAR increase is necessarily striking, so should be seen against a soft first quarter in 2016 after the Paris attacks and a c 11% positive currency effect. Although detailed regional performance in Q1 is not disclosed, we may infer at least double-digit gains in London and Germany since Amsterdam was apparently relatively quiet and Croatia was not significant as Q1 is low season. Such a performance was broadly in line with the London market, as newly reported by STR (+11%), IHG (+12%) and Millennium (+14%), amongst others.

While the overall yield gain is well ahead of our full-year estimate, we are holding forecasts as Q1 is least representative and H216 proved particularly strong. Nonetheless, positive signs abound, notably continued resilience in London (+17% per Millennium in April), confirmation of the imminent full openings of Waterloo and Park Royal and encouraging summer bookings in Croatia. PPHE should further benefit from the current offering by its Zagreb-listed subsidiary Arena Hospitality, which is expected to raise c £85m for expansion in Croatia and central Europe.

At 9.3x 2017e EV/EBITDA, PPHE’s valuation is undemanding against an average of c 10x 2017e for branded European peers."

[catsick] 11/5/2017 14:23

I got the note from research tree which is a decent service, not sure if this one was available to non subscribers but a bunch of stuff is on there ...

[nurdin] 10/5/2017 13:23

Do you have the Hardman note catsick? (what a handle lol)

[nurdin] 10/5/2017 13:01

Had a few this morning.Looks cheap and the chart says it could breakout strongly short term

[catsick] 04/5/2017 08:29

Hardman just put out a very upbeat note on the back of these results, seems they are doing an excellent job on these new openings and upgrades, I think we will see the real nav close to 20 pounds now,