PPHE Hotel Group Ltd (PPH)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

1,145.00p
   
  • Change Today:
    -50.00p
  • 52 Week High: 2,140.00
  • 52 Week Low: 805.00
  • Currency: UK Pounds
  • Shares Issued: 42.46m
  • Volume: 6,700
  • Market Cap: £486.16m
  • RiskGrade: 335

PPHE taking action after coronavirus hits bookings

By Sean Farrell

Date: Wednesday 11 Mar 2020

LONDON (ShareCast) - (Sharecast News) - PPHE Hotel Group said it was taking action to minimise the effect of the coronavirus outbreak after an increase in cancellations and a slowdown in bookings.
The FTSE 250 company said it had watched the impact of the virus since its annual results on 27 February. With the situation changing quickly it is too early to estimate the financial cost of the outbreak to the company's 2020 earnings, PPHE said.

"Over recent weeks there has been reduced demand for international travel which has resulted in an increase in cancellations and a slowdown in future bookings across the travel and hotel industry, including the group's estate," PPHE said in a business update. "The necessary actions to minimise the impact on the business are being taken."

The sketchy statement did nothing to stem an intraday decline in the company's shares, which fell 14% to £12.90 at 15:41 GMT. The shares have dropped by almost 40% since peaking on 20 February.

PPHE, which operates the Park Plaza chain, said it had navigated market and economic cycles for 30 years and had a strong balance sheet. It said its business model "provides the flexibility to take proactive measures to respond to changing market conditions".



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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 -50.00p
% Change -4.18 %
52 Week High 2,140.00
52 Week Low 805.00
Volume 6,700
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
48.84% above the market average48.84% above the market average48.84% above the market average48.84% above the market average48.84% 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
47.02% below the market average47.02% below the market average47.02% below the market average47.02% below the market average47.02% below the market average
15.07% above the sector average15.07% above the sector average15.07% above the sector average15.07% above the sector average15.07% above the sector average
Income
40.63% below the market average40.63% below the market average40.63% below the market average40.63% below the market average40.63% below the market average
15.56% below the sector average15.56% below the sector average15.56% below the sector average15.56% below the sector average15.56% below the sector average
Growth
19.12% below the market average19.12% below the market average19.12% below the market average19.12% below the market average19.12% 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 14-Jul-2020

Time Volume / Share Price
15:00 115 @ 1,145.00p
14:58 10 @ 1,149.94p
14:54 102 @ 1,145.00p
14:50 93 @ 1,145.00p
14:47 115 @ 1,145.00p

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