PPHE Hotel Group Ltd (PPH)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

1,145.00p
   
  • Change Today:
      80.00p
  • 52 Week High: 2,140.00
  • 52 Week Low: 805.00
  • Currency: UK Pounds
  • Shares Issued: 42.46m
  • Volume: 12,694
  • Market Cap: £486.16m
  • RiskGrade: 335

PPHE Group interims lower; reports strong UK RevPAR

By Frank Prenesti

Date: Thursday 05 Sep 2019

LONDON (ShareCast) - (Sharecast News) - Hospitality real estate developer PPHE Hotel Group reported a sharp fall in interim pre-tax profits, although core earnings rose 5.7% driven by a strong performance in the UK.

The group which owns, co-owns and develops hotels, resorts and campsites said profit before tax fell to £4.3m from £16.4m a year earlier.

Like-for-like revenue increased by 6.3% to £155.2m, while earnings before interest, tax, depreciation and amortisation rose by 12.5% to £45.7m.

Revenue per available room increased by 7.5% to £93.4, with strong growth in the UK.

The company lifted the interim dividend to 17p a share from 16p a year earlier.

"The second half of the year is usually the stronger trading period in all of PPHE's markets. While in 2019 Croatia is experiencing competitive market conditions, London and the Netherlands continue to trade well. Overall, trading since 30 June 2019 is in line with expectations," the company said.

President Boris Ivesha said the company's had completed "several significant repositioning projects which have transformed our portfolio".

"Going into the second half of the year, all of our hotels are now fully operational," he said, adding that the group expected to spend approximately £300m on developments.

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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 1,145.00p
Change Today 80.00p
% Change 7.51 %
52 Week High 2,140.00
52 Week Low 805.00
Volume 12,694
Shares Issued 42.46m
Market Cap £486.16m
RiskGrade 335

PPH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
52.30% above the market average52.30% above the market average52.30% above the market average52.30% above the market average52.30% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Price Trend
50.78% below the market average50.78% below the market average50.78% below the market average50.78% below the market average50.78% below the market average
9.59% above the sector average9.59% above the sector average9.59% above the sector average9.59% above the sector average9.59% above the sector average
Income
39.21% below the market average39.21% below the market average39.21% below the market average39.21% below the market average39.21% 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
19.25% below the market average19.25% below the market average19.25% below the market average19.25% below the market average19.25% below the market average
27.54% above the sector average27.54% above the sector average27.54% above the sector average27.54% above the sector average27.54% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 3
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 n/a 19-Sep-19
Paid n/a 15-Oct-19
Amount 0.000p 17.00p

Trades for 10-Jul-2020

Time Volume / Share Price
16:35 2,619 @ 1,145.00p
16:29 40 @ 1,140.00p
16:29 20 @ 1,140.00p
16:29 29 @ 1,150.00p
16:29 1 @ 1,145.00p

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