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MarketScreener Homepage  >  Equities  >  Irish Stock Exchange  >  Dalata Hotel Group plc    DHG   IE00BJMZDW83

DALATA HOTEL GROUP PLC

(DHG)
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Delayed Quote. Delayed Irish Stock Exchange - 10/23 11:31:45 am
2.55 EUR   +8.51%
09/02DALATA HOTEL GROUP PLC : Security operations
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09/01DALATA HOTEL : Ireland's Dalata raises 94 million euros to fuel UK hotel growth
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09/01DALATA HOTEL GROUP PLC : Press Release
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Dalata Hotel : Ireland's Dalata raises 94 million euros to fuel UK hotel growth

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09/01/2020 | 10:07am EDT

Ireland's largest hotel operator Dalata Hotel Group on Tuesday raised 94.4 million euros(84.02 million pounds) via a share placement to take advantage of opportunities arising from COVID-19 disruption, particularly in the United Kingdom.

The company said it had placed shares representing 19.9% of current issued share capital to help it secure leases at competitive terms in London, regional parts of Britain and Dublin where "growth opportunities remain compelling".

The placing should also enable it to mitigate any possible prolonged COVID-19 impact, it added. Dalata, which operates the Maldron and Clayton Hotel brands, had 110 million euros ($131.76 million) in cash and 111 million in undrawn committed debt facilities at the end of August.

"It is not for liquidity, it is to take advantage of opportunities we see beginning to arise," Dalata CEO Pat McCann told Reuters in a telephone interview.

Dalata's share price fell 4.7% by 14:55 GMT to 2.61 euros.

Dalata, which owns or leases 12 of its 44 hotels in the United Kingdom, said it operated at 30% occupancy across the group in July upon reopening from the COVID-19 lockdown and projected that to have risen to 40% in August, boosted by guests holidaying on their home soil.

It reported a 70.9 million euro first-half loss on Tuesday, mainly because of property revaluations and impairments on other assets significantly impacted by the pandemic.

The outlook for the near term is uncertain due to short lead times on bookings and uncertainty on international travel.

McCann said Dalata was looking at new ways to shore up demand, including offering students deals to stay in their hotels when they may only need to be in university one week a month due to COVID-19 restrictions.

"Normally at this time of the year, I would know the outcome for 2020 with a fair level of accuracy but at the moment I have no idea," McCann said. "The patterns that we would normally rely on no longer exist."

(Reporting by Padraic Halpin; Additional reporting by Conor Humphries; editing by Barbara Lewis)


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All news about DALATA HOTEL GROUP PLC
09/02DALATA HOTEL GROUP PLC : Security operations
CO
09/01DALATA HOTEL : Ireland's Dalata raises 94 million euros to fuel UK hotel growth
RE
09/01DALATA HOTEL GROUP PLC : Press Release
CO
07/31DALATA HOTEL GROUP PLC : Monthly statement on outstanding equity shares and voti..
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06/30DALATA HOTEL GROUP PLC : Half-year report
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06/30DALATA HOTEL GROUP PLC : Monthly statement on outstanding equity shares and voti..
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06/05DALATA HOTEL : Ireland speeds up cautious reopening of economy
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04/30DALATA HOTEL GROUP PLC : Monthly statement on outstanding equity shares and voti..
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04/01Irish hotels must wait until 2022 for some normality - Dalata CEO
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03/09DALATA HOTEL : COVID 19 Update
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Financials
Sales 2020 148 M 175 M 175 M
Net income 2020 -89,0 M -105 M -105 M
Net Debt 2020 620 M 734 M 734 M
P/E ratio 2020 -5,97x
Yield 2020 -
Capitalization 568 M 672 M 672 M
EV / Sales 2020 8,05x
EV / Sales 2021 4,11x
Nbr of Employees 5 000
Free-Float 90,3%
Chart DALATA HOTEL GROUP PLC
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Dalata Hotel Group plc Technical Analysis Chart | MarketScreener
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Technical analysis trends DALATA HOTEL GROUP PLC
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Average target price 3,80 €
Last Close Price 2,55 €
Spread / Highest target 49,0%
Spread / Average Target 49,0%
Spread / Lowest Target 49,0%
EPS Revisions
Managers
NameTitle
Patrick Anthony McCann Chief Executive Officer & Executive Director
John Hennessy Non-Executive Chairman
Anthony Murray Group Manager-Information Technology
Stephen Thomas Mcnally Executive Director & Deputy CEO
Dermot Finbarr Crowley Executive Director & Deputy CEO-Finance