Pphe Hotel Share Discussion Threads

[rcturner2] 04/4/2003 09:50

I think the mms lowered the price to try and get a bit of action on the stock, rather than any "real" reason.

[rcturner2] 02/4/2003 12:09

All I said was I bought some + seemed like there is an overhang.

[rcturner2] 02/4/2003 08:40

Wheres my post 24 gone??

[thamestrader] 02/4/2003 07:48

Remember, RCT: if something sounds too good to be true, it probably is.

(I hold PPH)

[rcturner2] 02/4/2003 07:23

PE of 2.2 and yield of 8% ???

Doesnt make sense to me.

[theophilus] 01/1/2003 00:13

Not too sure what to make - something of a mixed bag. Some positive sounding comments. "But of course he would say that wouldn't he".

Turnover up appreciably but profits considering somewhat disappointing. A few selllective extracts included below. Anybody any comments.

* Turnover increased by 53% on the same period last year to #5.4 million.

* Anticipate selling 61 units in the current year.


Chief Executive Chris Johnson said: "This has been another good six months for
us. The Sitemaster acquisition has been fully integrated into the business and
has increased the size of our property portfolio substantially. We are now expanding our activities by working on a number of refurbishment and conversion projects that are proving extremely lucrative."

Chairman's Statement

I am pleased to report the unaudited results for the half-year ended 30th
September 2002. We have had a good period of trading, increasing turnover for
the period from #3,570,000 in 2001 to #5,487,000, an increase of 53%.


Our post-tax profitof #551,000 is a little down on the same period last year (2001: #561,000). Our earnings per share are also down to 0.77p from 0.92p due to the additional shares issued at the end of last year as part of the consideration for the acquisition of Sitemaster Limited.

We therefore remain optimistic with regards to achieving our pre and
post-tax profit targets for the year ended 31st March 2003.


Shareholders' funds, as at 30th September 2002, amounted to #8,459,000, up
substantially from #5,816,000 as at 30th September 2001, and net assets per
share have risen to circa 12p per share (2001: 9p).


On the business front, we are currently developing eight sites, ranging from
luxury apartments in Kensington and Sevenoaks to a two bedroom flat development
in Maidstone, and anticipate selling 61 units in the current financial year. In
the South East especially, the house building sector remains strong due to
demand for new housing and we are confident that this will continue.

We have commenced, or are about to commence development on seven new
sites totalling some 43 units, which will contribute to our turnover and
profitability for the year ended 31st March 2004.


Between now and then, we would also expect to obtain planning consent on other
land and properties owned by us or under option/conditional contract which would
form part of the development programme for the year ended 31st March 2004 and
onwards.


Whilst we principally undertake new developments, we have also expanded our
activities having recently completed a number of refurbishment and conversion
projects. The substantial country house we acquired early on in the year for
refurbishment, near Sevenoaks, Kent, has been completed and we are inviting
offers for it in excess of #2 million. We have already received an offer a
little under the asking price, which shows that there is still a market for
higher priced properties.

We remain committed to expanding the business, whether through acquisition or
organic growth and are presently considering a number of interesting
opportunities with a view to providing increased earnings per share.


Cheers

Th.

[ewnw11314] 27/12/2002 20:19

telegraph always says late news never good

[theophilus] 20/12/2002 15:53

The interims are late this year. They were announced on 26th. Nov last year.

Guess when they are due to be announced this year.

Answer: 31st Dec. New Year's Eve.

Does this signify a prosperous new year?

Cheers

Th.

[wstirrup] 06/12/2002 21:48

Makes you think Thames..doesn't it...

However....SMC have tipped this to go to 20p too..so who do you believe eh?..:¬))

good yield, Nigel Wray buy in..and rising turnover and profits, with a small but solid portfolio of properties in the SE....

Maybe a punt for a few thou is on order...

W.

[sharestriker] 08/11/2002 16:21

Propan Homes PLC
08 November 2002

Propan Homes plc (the 'Company')


Directors' Shareholding / Substantial Shareholder


The Company was today informed that on 7 November 2002 Tony Porter, the managing
director of the Company, exercised his options over 4,000,000 ordinary shares in
the capital of the Company held by Alex Johnson, non-executive director, and
Louise Johnson as to 2,000,000 ordinary shares respectively.


The Company was also informed today that on 7 November 2002 Tony Porter sold
4,000,000 ordinary shares at 10p per share. As a consequence of the above
transactions, Tony Porter is not interested in any ordinary shares. Alex Johnson
and Louise Johnson now each hold 11,306,667 ordinary shares in their own name,
each representing 15.9% of the issued ordinary share capital, as well as their
joint beneficiary interest in 9,735,166 ordinary shares held by House and
Property Venture Capital Limited which represents 13.7% of the issued share
capital, and therefore, their aggregate interest of 32,348,500 ordinary shares
represents 45.5 of the issued ordinary share capital.


The Company was also informed today that Nigel Wray is interested in 4,148,000
ordinary shares, representing 6.5 per cent. of the issued share capital of the
Company, having acquired 1,200,000 ordinary shares on 5 November 2002. The
Priory Foundation, of which Nigel Wray is a trustee, also holds 500,000 ordinary
shares in the capital of the Company.



This information is provided by RNS
The company news service from the London Stock Exchange

[formentera] 01/11/2002 11:25

RECOMMENED A BUY IN MONEY WEEK 25TH INSTANT. RESEARCH COMPANY SQC HAS SET A SHARE PRICE OF 20P. I THINK ewnw IS A LITTLE TOO OPTIMISTIC, IT WOULD BE INTERESTING TO KNOW THE BASES OF THE STATEMENT THAT THIS ONE WILL DOUBLE!!!NEVER THE LESS GOOD HUNTING.

[rbryant] 30/10/2002 14:31

Anything to base that on ewnw?

[ewnw11314] 29/10/2002 09:34

they,ll double in the next 12 months

[argy2] 25/10/2002 15:21

Looks like the Pump'n Dumpers are bailing out today.

[thamestrader] 18/10/2002 10:36

That's fine by me, saturn5

[saturn5] 18/10/2002 10:30

Best for it to be taken over and become part of a largaer group

[thamestrader] 18/10/2002 09:58

Up 35% since 1 Oct. Any news?

[thamestrader] 15/8/2002 13:37

Can someone please remind me why I bought these.

If I could remember why I bought them, I might have a reason to hang on, but it better be a bloody good one, cos it's looking pretty silly right now.

I suppose I should start doing what all the beginners books tell you to do, keep a journal. (I should have moved on from the nursery slopes by now).

[rcturner2] 15/8/2002 12:23

lol fair comment

I keep an eye on my sells to see if they turn interesting again.

[psychicdoc] 15/8/2002 12:10

rc turner 2
what is your motive for posting you have sold out allready or are you looking to get in cheaper

[rcturner2] 12/8/2002 15:35

Does anyone still need persuading this is a dog?

Sell the stinker.

[rcturner2] 25/7/2002 13:31

A bit of a clue comes from the prices of the trades. Buys are being discounted by the MMs whereas sells are on the sell price.

[rcturner2] 23/7/2002 12:02

Couldn't disagree more chaps.

I've sold out my holding.

Earnings hardly moved and NAV is not much above market cap.

All those extra shares in issue!

[thecleaner] 22/7/2002 07:31

Results very good, puts share on a very low rating.