PPHE Hotel Group Ltd (PPH)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

 1,810.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 1,990.00
  • 52 Week Low: 1,525.00
  • Currency: UK Pounds
  • Shares Issued: 42.40m
  • Volume: 58,344
  • Market Cap: £767.41m
  • RiskGrade: 100
  • Beta: 0.00

PPHE Hotel Group shares fall as investors sell down holdings

By Josh White

Date: Tuesday 26 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Shares in PPHE Hotel Group were plunging on Tuesday morning, after the hospitality group revealed that Euro Plaza Holdings, Walford Investments Holdings and Aroundtown Real Estate were proposing to sell up to 9,300,000 shares in the company, pro rata to their existing shareholdings.
The London-listed firm said the disposal would be through a placing of ordinary shares in the company to institutional investors, by means of an accelerated bookbuild offering at a price of not less than 1,600p per placing share.

It confirmed the placing shares represented around 22% of the issued share capital of the company, excluding treasury shares.

"The company has been notified that the placing is being undertaken in order to satisfy market demand, to broaden the institutional investor base of the company and that the sellers have been advised that a sale of the entire amount of the placing shares is expected to achieve the free float required for the company to qualify for inclusion in the FTSE UK series of indices," the PPHE Hotel Group board said in its statement.

The placing began immediately following the announcement on Tuesday morning, with the timing for the closing of the bookbuild process to be at the discretion of the joint bookrunners.

"The company is not a party to the placing and will not receive any proceeds from the placing," PPHE added.

As at 0901 GMT, shares in PPHE Hotel Group were down 7.12% at 1,653.2p.

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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 1,810.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 1,990.00
52 Week Low 1,525.00
Volume 58,344
Shares Issued 42.40m
Market Cap £767.41m
Beta 0.00
RiskGrade 100

PPH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.29% below the market average79.29% below the market average79.29% below the market average79.29% below the market average79.29% below the market average
71.05% below the sector average71.05% below the sector average71.05% below the sector average71.05% below the sector average71.05% below the sector average
Price Trend
79.30% above the market average79.30% above the market average79.30% above the market average79.30% above the market average79.30% above the market average
77.22% above the sector average77.22% above the sector average77.22% above the sector average77.22% above the sector average77.22% above the sector average
Income
60.86% below the market average60.86% below the market average60.86% below the market average60.86% below the market average60.86% 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
14.90% above the market average14.90% above the market average14.90% above the market average14.90% above the market average14.90% 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 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
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 23-Sep-2019

Time Volume / Share Price
16:42 4 @ 1,810.00p
16:35 2,317 @ 1,810.00p
16:15 118 @ 1,810.00p
16:15 210 @ 1,810.00p
16:14 58 @ 1,810.00p

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