Pphe Hotel Share Discussion Threads

[bruno] 28/11/2001 11:09

Ice-Cream

Whilst the results were excellent this is still a very small company, therefore any market in its shares is bound to be highly volatile. Whilst I had a stop loss in place at 13p I'm reluctant to sell and have revised this down to 12p.

If you're interested in where the share might go look at TAY yesterday. This is what would have happened to PPH had the Artisan bid emerged. Now we need to wait and see. In my opinion the short-term price of this company will have nothing to do with its fundamentals.

Be ready to bail out if the buyers dont emerge soon.

Good luck.

[ice cream] 28/11/2001 10:49

And now they are falling , whats happening ???

[theophilus] 26/11/2001 18:31

PROPAN HOMES PLC

INTERIM REPORT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2001



CHAIRMAN'S STATEMENT

I am delighted to report the unaudited results for the half year ended 30th
September 2001.

The gross profit for the period was #1,210,612 (2000; #851,815) on turnover of
#3,569,994 (2000; #3,678,046) showing a margin of 33.9% helped by selective
land sales. A pre-tax profit of #800,603 (2000; #667,441) was recorded showing
a healthy margin of 22.4%.

The post-tax profit of #560,422 was approximately 20% up on that for the six
months ended 30th September 2000 (#467,209).

I believe the results are to be commended especially when I would expect most
of turnover and profit for the year to come in the second half. Shareholders'
funds as at the 30th September 2001 amounted to #5,815,579, up from #5,255,157
at 31st March 2001, representing net assets per share of 9p of which
approximately 3p per share is in cash.

We are currently on target to achieve our forecast turnover and post-tax
profit for the year ended 31st March 2002 which should show enhanced earnings
per share, notwithstanding the increase in the number of shares in issue
following the successful admission to AIM and fund raising which took place in
March this year.

It is anticipated that in this financial year the Group will complete the
construction and sale of some 53 units on seven sites of different types. The
units range from flats and maisonettes, town houses, cottages and substantial
5 bedroom detached houses.

In addition, further turnover is expected to be generated through strategic
land sales, joint ventures and project management fees.

Land supply remains good with the Group continuing to concentrate on brown
field sites and those where we anticipate enhancing the planning status of the
site and therefore its value. Sales have remained steady and to date the Group
has not had to offer any incentives to buyers. Currently only 3 units in the
Group's completed housing stock remain to be sold.

Planning delays continue to slow progress but it is pleasing to note that all
the sites expected to be sold in the current financial year have planning
consent and are in the course of construction.

It is also pleasing to note that the Group's continuing commitment to
providing quality homes has been recognised by being honoured with the bronze
award in the Best Small House Builder category in the prestigious 2001 What
House? Awards, sponsored by The Sunday Times. In making the award, the judges
recognised Propan's commitment to its local markets, mentioning the research
it undertakes and how sympathetic its buildings are to their surroundings.

The Group continues to explore opportunities in related areas, but not
necessarily in the house building sector, to further its desire to become a
broadly based property company.

James Dubois

------------------------------------------------------------------------------

So the chairman is optimistic of improved eps for the full year and currently sales are holding up without the need for any incentives. Should be positive for the share price in the long term,

Th.

[bruno] 26/11/2001 09:49

And not a single trade by 9.50am ???

[ice cream] 26/11/2001 08:49

Propan homes today posted on target interims with profits up on last year , check out annoucement .

[bsg] 22/11/2001 16:58

Thats good news then if Artisan no longer have a holding ?

[theophilus] 21/11/2001 18:43

At least part of the answer to some of the questions above

The Company has today been informed that Artisan (UK) plc has sold 7,140,000
ordinary shares in the Company and no longer holds any shares in Propan Homes
plc.

Cheers

Th.

[bruno] 20/11/2001 18:31

Ice Cream

Sorry can't allay your fears. This is a low liquidity high risk stock, but...in my opinion, its a little gem of a company with no shortage of suitors. If ART could have bought this company for paper (ART = 20p+) in the last 12 months they would have done. So maybe its cash or maybe its someone else! Ask yourself why you bought the shares in the first place.

:0) B.

PS. Try the Fundamentals button at the top of the page!

[skyracer] 20/11/2001 15:30

JD

Agreed. We know from experience with this bunch of pro's that the last thing on their minds is shareholder value.

[ice cream] 20/11/2001 15:19

BRUNO
As a small investor Iam worried about propan at the moment.Could explain youre last statement thanks.
ps arent results due soon?

[bruno] 20/11/2001 14:57

Johndee

Ask yourself why the price hasn't responded to the large sale!

[johndee] 20/11/2001 13:43

The main reason why Propan Homes keeps going down may have something to do with Stephen Dean. Since he lost his temper with Enterpriseasia instead of minding his own business everything he has had connections with has gone to the dogs. You only have to look at Artisan to see that. Artisan is a brilliant company but people have just gone completely off Stephen Dean.I have or have had shares in all three companies and Stephen Dean should have left Enterpriseasia alone. Whether he was right or wrong we will never know but he was outvoted. The problem is that he has cost private investors dearly.

[ice cream] 20/11/2001 13:35

Why has this not been reported under rule 8?

[bruno] 20/11/2001 09:30

BSG.

Propan Major Shareholders:
61.43m 10p Ords - Ms Louise C Johnson 21.66%, Artisan (UK) PLC 14.66%, A D Johnson 41.85%, Other Dirs 0.33%.

14.165 Million shares sold yesterday represents 23% of Propans shares. Looks to me as though it could be one of the Johnsons...and if it is who's buying?

Any views?

[bsg] 19/11/2001 19:41

Gulp !! 7Mil sold even an mm selling, whats going to happen now ?

edit: make that 14Mil.

[bsg] 04/10/2001 18:49

Why all the selling over the last two days ?

[ewnw11314] 24/9/2001 19:13

good shares are brought down as well as bad at times like these propan is a good company

[jerc] 21/9/2001 18:13

'ice cream'- not sure that now is a good time 2b new to the mkt !
Bulletin boards are also the last places to get any info frankly.
Too much ill-informed rubbish floating about.For all you know,
I'm a complete idiot!
Research your company yourself & only trust your judgement
when you're confident you fully grasp what's going on.
I will say that Propan is worthy of your attention though.
Good luck !

[ice cream] 21/9/2001 16:09

"jerc"-Thanks I hope your'e right,Iam new to the stock market can you explain the slack in the price bit to me.


REGARDS

[jerc] 21/9/2001 09:27

"ice cream"- propan caught up in the general rush for the exits.
The forecast to yr. end Mar.2002 is for eps of 3.5p.
So there's a lot of slack in the price to allow for any downgrade.
The gloriously predictable thing about the mkts is they always
fail to differentiate in difficult times.
A fact doubtless not lost on Stephen Dean/Artisan as a major
shareholder.

[ice cream] 20/9/2001 23:16

And back ?

[ice cream] 19/9/2001 12:23

Anyone know why these seem to be drifting back ?

[rcturner2] 16/7/2001 07:01

IC have tipped them for a buy.