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A great shareholder to have on the share register announced this morning
http://tinyurl.com/ncsxfqe Robert Peel, the founder and executive chairman of Peel Hotels (LON:PHO), says he is eager to paying down the hotels group’s debt, which he believes will trigger an uptick from the share price. Speaking exclusively to Proactive Investors, Peel, who owns 39% of the shares, says he is open to a sale of the hotel chain, called it a ‘great company for some young, up-and-coming entrepreneur to take over’. When the next set of results are out, he hopes the company will be ‘back on the dividend list’.
Nice move up today on volume . A good start to the year as they say .
Great results this morning . Well done Mr Peel and please enjoy your salary . If We carry on with such good progress PHO could be back to paying a dividend again .
Shares gradually moving up . One day we will have a dividend again and price will double from here .
is it a good time to buy??
good rresults excellent free cash flow too giivng price to free cash flow of just 7.
just bought here. Good luck if you get onboard
Yeah o went into trak.
Thats your line so i'm gonna leave it to you next time! Not a bad spread on here for a thinly traded stock. TRAK just keeps going.
ha ha...yes tricat I see your quicker than me now!!
Interesting!! But you would know that as you've been here before!
Something is happening here . See today's price move . This has been going up everyday for sometime without any news . I think there is a takeover in the wings . Let's hope so . I have been in for 7 years . So every move up reduces by loses .
refinancing
Peel Hotels, which owns a network of nine hotels around the UK, had a shocker in the 12 months to February 5th as it failed to pass on the increasing costs of food and drink to customers. In what the Chairman, Robert Peel, described as the toughest year in the firm’s history, turnover fell 4% to £14.65m from £15.26m in the previous year. The real problem though is “gearing” or the debt Peel has taken on to finance its hotel chain. When revenue drops, even by a small amount, it has a big impact on profits. Profit before interest payments fell 54% on the prior year to £0.598m from £1.3m, resulting in a loss before tax of £228,000. Peel blames a cutback in government spending, as well as increased energy costs and the rise in VAT to 20%
Since the end of the financial year the group, which owns the Cosmopolitan in Leeds and the King Malcolm Hotel in Dunfermline, says sales have grown 5.1% but inflationary pressures remain.
Peel blames a cutback in government spending, as well as increased energy costs and the rise in VAT to 20%
The real problem though is "gearing" or the debt Peel has taken on to finance its hotel chain. When revenue drops, even by a small amount, it has a big impact on profits. Profit before interest payments fell 54% on the prior year to £0.598m from £1.3m, resulting in a loss before tax of £228,000.
Peel Hotels, which owns a network of nine hotels around the UK, had a shocker in the 12 months to February 5th as it failed to pass on the increasing costs of food and drink to customers. In what the Chairman, Robert Peel, described as the toughest year in the firm's history, turnover fell 4% to £14.65m from £15.26m in the previous year.
looks good
good on a Red day imo
looks blue
looks like some buys today .hope so !!!