PPHE Hotel Group Ltd (PPH)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

1,315.00p
   
  • Change Today:
    -5.00p
  • 52 Week High: 1,495.00
  • 52 Week Low: 1,005.00
  • Currency: UK Pounds
  • Shares Issued: 42.06m
  • Volume: 9,087
  • Market Cap: £553.13m
  • RiskGrade: 183

PPHE Hotels buys remainder of Arenaturist joint venture

By Josh White

Date: Wednesday 13 Apr 2016

LONDON (ShareCast) - (ShareCast News) - Accommodation investor and developer PPHE Hotel Group confirmed it had completed the acquisition of its Arenaturist joint venture in Croatia.
On 1 March, the AIM-traded firm announced it had entered into a conditional contract to acquire the outstanding 80% interest in its Croatian joint venture which it did not already own, for an aggregate cash consideration of €51m.

At the same time it agreed to a €30m loan facility with Zagrebačka banka to partially fund the acquisition.

"The contract to acquire the 80% interest in the joint venture has now completed, and the associated loan from Zagrebačka banka has been drawn down," PPHE's board said in a statement.

It now owns 74.15% of the issued share capital of Arenaturist - a Croatian publicly traded company - and 100% ownership of the three private companies that make up the Arenaturist Group.

The companies together own seven hotels and six holiday apartment complexes, and have an ownership interest in eight campsites in Istria, Croatia.

As a result of the acquisition, PPHE's wholly-owned subsidiary Euro Sea Hotels announced on 29 March that it was making an unconditional takeover offer for the remaining 25.85% of the issued share capital of Arenaturist.

That offer will close on 27 April, with further information regarding the outcome of the offer following.

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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 1,315.00p
Change Today -5.00p
% Change -0.38 %
52 Week High 1,495.00
52 Week Low 1,005.00
Volume 9,087
Shares Issued 42.06m
Market Cap £553.13m
RiskGrade 183

PPH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
65.79% below the market average65.79% below the market average65.79% below the market average65.79% below the market average65.79% below the market average
65.38% below the sector average65.38% below the sector average65.38% below the sector average65.38% below the sector average65.38% below the sector average
Price Trend
33.68% above the market average33.68% above the market average33.68% above the market average33.68% above the market average33.68% above the market average
46.43% above the sector average46.43% above the sector average46.43% above the sector average46.43% above the sector average46.43% above the sector average
Income
17.02% below the market average17.02% below the market average17.02% below the market average17.02% below the market average17.02% below the market average
10% below the sector average10% below the sector average10% below the sector average10% below the sector average10% below the sector average
Growth
95.71% above the market average95.71% above the market average95.71% above the market average95.71% above the market average95.71% above the market average
96.23% above the sector average96.23% above the sector average96.23% above the sector average96.23% above the sector average96.23% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 4
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-24 05-Oct-23
Paid 31-May-24 27-Oct-23
Amount 20.00p 16.00p

Trades for 14-Jun-2024

Time Volume / Share Price
16:35 3,651 @ 1,315.00p
16:35 279 @ 1,315.00p
16:35 111 @ 1,315.00p
16:35 348 @ 1,315.00p
16:35 200 @ 1,315.00p

PPH Key Personnel

CFO Daniel Kos

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