PPHE Hotel Group Ltd (PPH)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

1,770.00p
   
  • Change Today:
    -10.00p
  • 52 Week High: 1,990.00
  • 52 Week Low: 1,525.00
  • Currency: UK Pounds
  • Shares Issued: 42.40m
  • Volume: 11,289
  • Market Cap: £750.45m
  • RiskGrade: 106

PPHE Hotels buys remainder of Arenaturist joint venture

By Josh White

Date: Wednesday 13 Apr 2016

LONDON (ShareCast) - (ShareCast News) - Accommodation investor and developer PPHE Hotel Group confirmed it had completed the acquisition of its Arenaturist joint venture in Croatia.
On 1 March, the AIM-traded firm announced it had entered into a conditional contract to acquire the outstanding 80% interest in its Croatian joint venture which it did not already own, for an aggregate cash consideration of €51m.

At the same time it agreed to a €30m loan facility with Zagrebačka banka to partially fund the acquisition.

"The contract to acquire the 80% interest in the joint venture has now completed, and the associated loan from Zagrebačka banka has been drawn down," PPHE's board said in a statement.

It now owns 74.15% of the issued share capital of Arenaturist - a Croatian publicly traded company - and 100% ownership of the three private companies that make up the Arenaturist Group.

The companies together own seven hotels and six holiday apartment complexes, and have an ownership interest in eight campsites in Istria, Croatia.

As a result of the acquisition, PPHE's wholly-owned subsidiary Euro Sea Hotels announced on 29 March that it was making an unconditional takeover offer for the remaining 25.85% of the issued share capital of Arenaturist.

That offer will close on 27 April, with further information regarding the outcome of the offer following.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PPH Market Data

Currency UK Pounds
Share Price 1,770.00p
Change Today -10.00p
% Change -0.56 %
52 Week High 1,990.00
52 Week Low 1,525.00
Volume 11,289
Shares Issued 42.40m
Market Cap £750.45m
RiskGrade 106

PPH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.53% below the market average78.53% below the market average78.53% below the market average78.53% below the market average78.53% below the market average
63.16% below the sector average63.16% below the sector average63.16% below the sector average63.16% below the sector average63.16% below the sector average
Price Trend
74.51% above the market average74.51% above the market average74.51% above the market average74.51% above the market average74.51% above the market average
67.09% above the sector average67.09% above the sector average67.09% above the sector average67.09% above the sector average67.09% above the sector average
Income
58.55% below the market average58.55% below the market average58.55% below the market average58.55% below the market average58.55% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Growth
15.38% above the market average15.38% above the market average15.38% above the market average15.38% above the market average15.38% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PPH Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Sep-19 25-Apr-19
Paid 15-Oct-19 20-May-19
Amount 17.00p 19.00p

Trades for 16-Sep-2019

Time Volume / Share Price
16:35 2,909 @ 1,770.00p
16:29 122 @ 1,770.00p
16:29 2 @ 1,770.00p
16:29 3 @ 1,770.00p
16:29 5 @ 1,770.00p

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