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Pin to quick picksPphe Hotel Share News (PPH)

Share Price Information for Pphe Hotel (PPH)

London Stock Exchange
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Share Price: 1,480.00
Bid: 1,465.00
Ask: 1,480.00
Change: 10.00 (0.68%)
Spread: 15.00 (1.024%)
Open: 1,475.00
High: 1,480.00
Low: 1,470.00
Prev. Close: 1,470.00
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Sunday share tips: PPHE Hotel Group, Target Healthcare

Sun, 12th Nov 2023 21:00

(Sharecast News) - The Sunday Times's Lucy Tobin recommended investors buy shares of hotel operator PPHE Hotel Group, highlighting its strong brands, strategic partnership with hotel giant Radisson and rising revenues per available room.

Unlike rivals such as InterContinental Hotels Group, whose share price is now well ahead of its pre-pandemic level, its shares are about a third below where they were five years back.

Over the three months to 30 September, its RevPAR was up by 10% to £136, versus £120 in the first nine months of PPHE's year.

The company also raised its interim dividend from 3p per share to 16p.

It has also nearly completed a £300m investment in new properties and sprucing up older ones.

And as Jack Cummings at Berenberg Bank points out, its properties are worth "considerably more" than what appears on its balance sheet.

PPHE owns more than 80% of its portfolio with many of its hotels at prime sites in big European cities.

However, its net debt-to-earnings before interest taxes and depreciation ratio stands at 5.6%.

Yet Edison Research's Neil Shah saw potential over a two-year time frame.

"It did very well to survive the pandemic, and now demand looks set to increase further, plus there are new openings on the horizon," Shah says.

"The company should see a rerating."

The Financial Mail on Sunday's Midas column tipped shares of Target Healthcare to readers, arguing that the 40% share price decline over the preceding year and a half had opened up an "ideal buying opportunity".

"MacKenzie passionately believes the experience should be positive, for residents and their families," Midas said.

"Investors can help him to achieve this ambition and generate returns along the way. Buy and hold."

With a forecast dividend of 5.7p and the shares changing hands at 78p, the dividend yield on offer was over 7%.

Midas also highlighted how the number of people aged 85 and over was expected to double over the next 25 years, with many set to spend time in care homes.

The tipster also noted how Target staff visited each of its 100 homes regularly to ensure that they were clean, as well as the compassion of its carers, so that residents were comfortable.

Furthermore, despite recent challenges, including Covid-19, labour shortfalls, high inflation and dearer borrowing costs, analysts spied an inflection point, Midas said.

Dividends were seen rising steadily and the properties were increasing in value.

"Over time, MacKenzie would like to double the size of the portfolio, thereby increasing total rents, improving shareholder returns and helping more senior citizens to be treated with respect in later years."

More News
25 Apr 2024 07:03

PPHE revenue rises as hotel markets normalise

(Sharecast News) - PPHE Hotel Group reported first-quarter revenue of £77m in an update on Thursday, marking an impressive 11.9% year-on-year increase.

Read more
14 Apr 2024 14:47

Sunday share tips: PPHE, Keystone Law

(Sharecast News) - The Financial Mail on Sunday's Midas column labelled shares of PPHE an "attractive long-term buy" citing their valuation.

Read more
25 Jan 2024 07:22

PPHE in profit upgrade as occupancy rates continue to recover

(Sharecast News) - Hotel owner and developer PPHE on Thursday lifted full-year guidance as trading momentum towards the end of the year and into 2024 remained positive.

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23 Jan 2024 07:41

PPHE to open its third Radisson hotel in Berlin

(Sharecast News) - PPHE Hotel Group announced the signing of its third hotel as part of its extended partnership with Radisson Hotel Group on Tuesday, with the Radisson RED Berlin Kudamm set to open in late spring.

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27 Dec 2023 14:25

London close: Stocks maintain gains amid post-Christmas rally

(Sharecast News) - London's stock markets closed in positive territory on Wednesday, buoyed by a global surge in stock prices as the S&P 500 neared an all-time high on Wall Street.

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6 Dec 2023 09:05

PPHE Hotel Group names Kenneth Bradley as deputy chairman

(Sharecast News) - Hospitality real estate business PPHE Hotel Group has tapped Kenneth Bradley to take over as non-executive deputy chairman, effective immediately.

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26 Oct 2023 11:25

PPHE Hotel Group Q3 revenues grow YOY

(Sharecast News) - Hospitality real estate firm PPHE Hotel Group said on Thursday that third-quarter revenues had improved, with "robust rates and occupancy growth" driving momentum into Q4.

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3 Mar 2023 08:08

Jefferies upgrades PPHE, cites 'valuation disconnect'

(Sharecast News) - Jefferies upgraded PPHE Hotel Group on Friday to 'buy' from 'hold' and lifted the price target to 1,600p from 1,300p as it pointed to a valuation disconnect.

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3 Sep 2020 13:36

Thursday broker round-up

(Sharecast News) - CMC Markets: Peel Hunt upgrades to buy with a target price of 380.0p.

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3 Sep 2020 07:24

PPHE Hotel slumps to first-half loss on Covid-19 closures

(Sharecast News) - Hotel and resorts group PPHE slumped to a first-half loss as coronavirus lockdowns hammed revenues during the second quarter as it was forced it to close properties at the height of the pandemic.

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28 Jul 2020 08:05

PPHE Hotel Group reopens 80% of properties

(Sharecast News) - Hospitality real estate business PPHE Hotel Group said on Tuesday that 80% of its properties were now open and welcoming back guests.

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8 Jul 2020 08:27

PPHE rolls out safety programme as it reopens hotels

(Sharecast News) - PPHE Hotel Group confirmed on Wednesday that it was welcoming guests back to its hotels, following the launch of its 20-step 'Reassuring Moments' programme, alongside the Radisson Hotel Group.

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25 Jun 2020 14:05

Thursday broker round-up

(Sharecast News) - InterContinental Hotels: Jefferies downgrades to hold with a target price of 4,100.0p.

Read more
11 Jun 2020 12:25

UK job cuts mount as Covid-19 takes its toll

(Sharecast News) - UK job losses continued to mount in their thousands on Thursday as Centrica, Johnson Matthey and Bombardier became the latest companies to announce large reductions to their workforces in the Covid-19 crisis.

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