PPHE has accompanied news of its proposed transfer to a premium listing with a significant increase in market valuations of its properties (up c £140m since last reported). This accentuates already substantial hidden reserves, implying fair value c £24/share. Value creation apart, this should boost its ability to leverage on its assets for future projects. Even given current share price strength (up almost a third since March), PPHE’s rating reflects neither this a
29 Jun 2018
PPHE Hotel Group - Creating value
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PPHE Hotel Group - Creating value
PPHE Hotel Group Limited (PPH:LON) | 1,405 0 0.0% | Mkt Cap: 591.0m
- Published:
29 Jun 2018 -
Author:
Richard Finch -
Pages:
2
PPHE has accompanied news of its proposed transfer to a premium listing with a significant increase in market valuations of its properties (up c £140m since last reported). This accentuates already substantial hidden reserves, implying fair value c £24/share. Value creation apart, this should boost its ability to leverage on its assets for future projects. Even given current share price strength (up almost a third since March), PPHE’s rating reflects neither this a