Peppers Hotels, page-3

  1. 5,447 Posts.
    Had a closer look.NTA $78 million ,liabilities $41 million.Was going to sell one hotel for $17 million to reduce debt but this has fallen through.So still has NTA $76 but debt of $41 bearing down on it due to downturn since Sept 11.However fight going on over management of group so this may help to lift price.Just shows the value in tourist sector if it recovers due to real estate values.Could be some rich pickings around.50 million shares on issue.
 
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