Pphe Hotel Share Discussion Threads

[suetballs] 20/2/2024 10:58

Yes excellent - this is a proper run company.
Suet

[rolo7] 20/2/2024 10:30

Looking good here no stock about

[rolo7] 07/2/2024 09:05

Share buyback! ?

[its the oxman] 26/1/2024 11:10

Thought we might have moved higher than just over 1200p. But momentum is building and at some point every chance shares will soar if management keep delivering. Perhaps we need the first interest rate cuts to help change sentiment.

[rolo7] 25/1/2024 18:36

Nice trading statement see what results and dividend look like late next month

[suetballs] 15/1/2024 19:30

Moving in the right direction today.
Long may it continue.
Suet

[bigbertie1] 31/12/2023 10:32

Well I bought some anyway. Good luck to all holders in 2024.

[tr200g] 18/12/2023 18:20

Someone tried to use the liquidity event of the share going into the FTSE250 to sell a lump. The index buyers soaked up some but clearly not all

[bigbertie1] 17/12/2023 12:57

On friday night a large uncrossing trade dropped the share price by 5%.
Can't find any news, is this a warning or a buying opportunity?

[its the oxman] 04/12/2023 15:39

Yes , much more upside to come. Buyers will return at some point.

[catsick] 04/12/2023 11:07

Interesting to see the forte hotel deal done today, a smaller group of hotels, about half the sales and at much worse margins done at about twice the valuation of these, pph is very well run and this is so far from being reflected in the share price ...

[suetballs] 27/11/2023 14:41

Not by me! Had a few more today.
Suet

[its the oxman] 27/11/2023 14:13

And still a forgotten stock at 1200p!

[its the oxman] 27/11/2023 09:59

Yep always like bit of good news that will add some useful value.

[catsick] 27/11/2023 07:33

This new underground hotel in Victoria is very interesting, repurposing underground parking/ storage into rooms with no view is an interesting idea, creating a brand with emphasis on peace quiet and no noise may work very well, another hotel in London developed from underground parking seems to be able to charge full rates so they may be able to create 50m gbp of value here ...

[its the oxman] 15/11/2023 11:11

Mkt in general and a lot of property related plays have bounced. This has nudged up 40p to 1100p v nav at 25 pound. Also trading seems good or at least ok. So well left behind. The opportunity or are we missing something?

[suetballs] 13/11/2023 08:30

Tipped in the Sunday Times - hence the rise this am.
Suet

[tole] 28/10/2023 08:41

Jefferies sees opportunities being created by PPHEPPHE Hotels Group (PPH) is reducing debt and creating opportunities with its new investment fund, says Jefferies.Analyst Jaina Mistry retained her 'buy' recommendation and target price of £17.00 on the hotel chain, which was trading at £10.40 on Thursday.Third-quarter revenue per available room was ahead of Jefferies's estimates, up 10.3% against a forecast rise of 9%. Mistry raised full-year earnings per share by 8% 'to reflect the third-quarter beat and occupancy recovery in the fourth quarter'.'We change our upside scenario to now reflect a stronger occupancy-led recovery in 2024 and see 9% upside to our estimates in a no-recession scenario,' she said.

[suetballs] 27/10/2023 08:26

Even good news is not rewarded in this market.
It's going to be tough for quite a while.
Suet

[suetballs] 26/10/2023 06:38

Today's trading update is positive imo. Can't say that a lot atm.
Suet

[stevenlondon3] 19/10/2023 08:35

From Whitbread's interim statement "UK hotel demand is strong and with supply not now expected to return to pre-pandemic levels for at least five years. We are therefore seeking opportunities to grow our pipeline."

[tole] 27/9/2023 06:35

the Board has taken the decision to approve the payment of an interim dividend of 16 pence per share, for the period ended 30 June 2023, to all shareholders who are on the register on 6 October 2023. This represents a year-on-year increase of 13 pence per share (H1 2022: 3 pence per share). The interim dividend is to be paid on 27 October 2023.

[tole] 04/9/2023 06:01

hxxps://citywire.com/funds-insider/news/expert-view-british-american-tobacco-mobico-888-holdings-pphe-hotel-and-serco/


Berenberg: PPHE discount is unjustified

PPHE Hotels Group (PPH) is trading at an unjustified discount given the resilience of its core market, says Berenberg.

Analyst Jack Cummings retained his ‘buy’ recommendation and target price of £20.00 on the stock, which was trading at £11.05 on Friday.

The group, formerly known as Park Plaza Hotels, reported ‘solid’ first half results ‘demonstrating continued momentum in the second quarter and reiterating guidance of full-year 2023 revenue of at least £400m and Ebitda of at least £120m, in line with our most recent upgrades in late June’, said Cummings.

‘We continue to believe that PPHE’s current discount to net asset value cannot be justified and that its core markets will continue to be resilient, as has been evidenced by this strong update and the positive commentary on current trading,’ he said.

Cummings added that the strength of trading and the confident outlook means now is ‘the right time to return to its historical capital returns policy of distributing approximately 30% of adjusted EPRA earnings while also continuing to support investment in future growth opportunities’.

‘Given the recent share price performance, the board intends to consult with shareholders regarding the most appropriate and effective mechanism of distribution including dividends, share buybacks, tender offers or a combination,’ he said.

[its the oxman] 31/8/2023 09:48

Market seems disinterested for now. But all bodes very well for the future should market sentiment ever improve.

[gucci] 31/8/2023 08:54

had a few more today