PPHE Hotel Group Ltd (PPH)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

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1,800.00p
   
  • Change Today:
      20.00p
  • 52 Week High: 1,990.00p
  • 52 Week Low: 1,410.00p
  • Currency: UK Pounds
  • Shares Issued: 42.40m
  • Volume: 30,778
  • Market Cap: £763.17m
  • RiskGrade: 120
  • Beta: 0.01

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 1,800.00p
Change Today 20.00p
% Change 1.12 %
52 Week High 1,990.00p
52 Week Low 1,410.00p
Volume 30,778
Shares Issued 42.40m
Market Cap £763.17m
Beta 0.01
RiskGrade 120

PPH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.79% below the market average82.79% below the market average82.79% below the market average82.79% below the market average82.79% below the market average
78.38% below the sector average78.38% below the sector average78.38% below the sector average78.38% below the sector average78.38% below the sector average
Price Trend
79.99% above the market average79.99% above the market average79.99% above the market average79.99% above the market average79.99% above the market average
84.81% above the sector average84.81% above the sector average84.81% above the sector average84.81% above the sector average84.81% above the sector average
Income
73.41% below the market average73.41% below the market average73.41% below the market average73.41% below the market average73.41% below the market average
51.02% below the sector average51.02% below the sector average51.02% below the sector average51.02% below the sector average51.02% below the sector average
Growth
13.55% above the market average13.55% above the market average13.55% above the market average13.55% above the market average13.55% above the market average
45.95% above the sector average45.95% above the sector average45.95% above the sector average45.95% above the sector average45.95% 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
  Final Interim
Ex-Div 25-Apr-19 20-Sep-18
Paid 20-May-19 15-Oct-18
Amount 19.00p 16.00p

Trades for 25-Jun-2019

Time Volume / Share Price
16:30 2,500 @ 1,851.00p
16:35 5,036 @ 1,800.00p
16:29 33 @ 1,820.00p
16:27 4 @ 1,790.00p
16:26 109 @ 1,780.00p

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