{
 "as_of": "2026-11-06",
 "cmr": "uk-cm-kg/LSE/PPH",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# PPHE HOTEL GROUP LIMITED (LSE Main Market: PPH) — research page\n\nAs of 2026-11-06 · uk-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is PPHE HOTEL GROUP LIMITED, listed on the LSE Main Market under ticker PPH, with ISIN GG00B1Z5FH87 and LEI 2138003H1BZGR6KM5823. Its security type is Corporate, its segment is STMM, its sector is Travel and Leisure [405010], and its jurisdiction is Guernsey (GG). Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 700 filings in the window 2025-11-06 to 2026-11-06, across 169 filing days. The median gap between filing days is 1.0 days. The latest filing is dated 2026-10-29 and is of type financial_statement, 8 days before the record date of 2026-11-06. The exchange median cadence gap is 4 days, the exchange median filings are 29.0, and the exchange median latency is 3 days. The sector median cadence gap is 4.0 days, the sector median filings are 62, and the sector median latency is 4 days.\n\n## Auditor\n\nThe auditor is not on the record (none found). The auditor location is not on the record. Auditor changes are not on the record, as the record has no lifecycle type map for this register yet.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, as the record has no lifecycle type map for this register yet. The halt flag shows listed, not halted.\n\n## Orderability\n\nFor the elective professional client category, the signal is ACM-200 and the outcome is determinable. For the eligible counterparty category, the signal is ACM-200 and the outcome is determinable. The rule version is acm-68000/uk/product-governance-fca-prod-sourcebook/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nThe issuer's investor-relations page names 4 research houses: Radnor Capital Partners Ltd, JP Morgan Securities plc, Shore Capital Stockbrokers Limited and Kepler Cheuvreux.\n\n## Open research\n\nThe record holds 4 openly published research notes: H2 Radnor Ltd dated 2025-10-30, h2Radnor dated 2025-04-30, h2Radnor dated 2024-02-29, and Radnor Capital Partners Ltd dated 2023-12-11.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nNo years are sealed for this issuer, and the market vintage is not sealed. The market has no earliest sealed date, and the live record began on 2026-09-11. The store holds sealed years 2021 through 2026, but these are not served as of a date; the as-of door answers not_sealed.\n\n## Sources\n\n14 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (identity.exchange)\n- https://api.londonstockexchange.com/api/gw/lse/instruments/alldata/PPH (identity.isin)\n- https://api.gleif.org/api/v1/lei-records/2138003H1BZGR6KM5823 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://www.londonstockexchange.com/stock/PPH/pphe-hotel-group-limited/company-page (identity.sector)\n- https://mcp.uk-cm-kg.ai/events/LSE/PPH (the disclosure lines)\n- https://marketsecurities.fca.org.uk/officiallist (the halt flag)\n- https://mcp.uk-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.pphe.com/investors/shareholder-centre/analyst-details-and-information (coverage)\n- https://www.pphe.com/~/media/Files/P/PPHE-Corp/documents/investors/shareholder-centre/latest-equity-research/H2R%20PPHE%20-%2030102025.pdf (open research)\n- https://www.pphe.com/~/media/Files/P/PPHE-Corp/documents/investors/shareholder-centre/latest-equity-research/250430-h2radnor-pphe-hotel-group.pdf (open research)\n- https://www.pphe.com/~/media/Files/P/PPHE-Corp/documents/investors/shareholder-centre/latest-equity-research/RC-PPHE-29-02-2024.pdf (open research)\n- https://www.pphe.com/~/media/Files/P/PPHE-Corp/documents/investors/shareholder-centre/latest-equity-research/radnor-capital-initiation-note-2023.pdf (open research)\n- https://mcp.uk-cm-kg.ai/record/LSE/PPH (the record)\n",
 "market": "UK",
 "node": "uk-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": "2026-09-11",
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "6 years are sealed in the UK store; their Replay split is not built, so the as-of door answers not_sealed and the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false,
   "store_years_sealed_not_served": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ]
  },
  "auditor": {
   "auditor": {
    "market": "UK",
    "reason": "none found",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "UK",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "UK",
    "state": "not_on_record"
   },
   "changes": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "uk-cm-kg/LSE/PPH",
  "coverage": {
   "count": 4,
   "houses": [
    {
     "house": "Radnor Capital Partners Ltd",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.pphe.com/investors/shareholder-centre/analyst-details-and-information",
     "state": "sourced"
    },
    {
     "house": "JP Morgan Securities plc",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.pphe.com/investors/shareholder-centre/analyst-details-and-information",
     "state": "sourced"
    },
    {
     "house": "Shore Capital Stockbrokers Limited",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.pphe.com/investors/shareholder-centre/analyst-details-and-information",
     "state": "sourced"
    },
    {
     "house": "Kepler Cheuvreux",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.pphe.com/investors/shareholder-centre/analyst-details-and-information",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.pphe.com/investors/shareholder-centre/analyst-details-and-information",
     "result": "read: 4 of 8 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 892,
     "median_cadence_gap_days": 4,
     "median_filings": 29,
     "median_latency_days": 3,
     "name": "LSE Main Market"
    },
    "sector": {
     "issuers": 45,
     "median_cadence_gap_days": 4,
     "median_filings": 62,
     "median_latency_days": 4,
     "name": "Travel and Leisure [405010]"
    }
   },
   "by_type": {
    "agm_record_date": 2,
    "corporate_action": 6,
    "director_dealing": 2,
    "early_warning": 156,
    "financial_statement": 11,
    "newswire_release": 17,
    "regulatory_announcement": 506
   },
   "cadence_median_gap_days": 1,
   "filing_days": 169,
   "filings": 700,
   "latency_days": 8,
   "latest": [
    {
     "category": null,
     "date": "2026-10-29",
     "source": "https://www.investegate.co.uk/announcement/rns/pphe-hotel-group-ltd--pph/q3-trading-update/9846867",
     "title": "Q3 Trading Update",
     "type": "financial_statement"
    },
    {
     "category": null,
     "date": "2026-10-29",
     "source": "https://www.investegate.co.uk/announcement/rns/pphe-hotel-group-ltd--pph/publication-of-arena-q3-interim-financial-report-/9847176",
     "title": "Publication of Arena Q3 Interim Financial Report",
     "type": "regulatory_announcement"
    },
    {
     "category": null,
     "date": "2026-08-28",
     "source": "https://www.investegate.co.uk/announcement/rns/pphe-hotel-group-ltd--pph/total-voting-rights/9746468",
     "title": "Total Voting Rights",
     "type": "corporate_action"
    },
    {
     "category": null,
     "date": "2026-08-27",
     "source": "https://www.investegate.co.uk/announcement/rns/pphe-hotel-group-ltd--pph/interim-results/9742113",
     "title": "Interim Results",
     "type": "financial_statement"
    },
    {
     "category": null,
     "date": "2026-08-27",
     "source": "https://www.investegate.co.uk/announcement/rns/pphe-hotel-group-ltd--pph/grant-and-exercise-of-evp-annual-bonus-plan-awards/9744201",
     "title": "Grant and exercise of EVP Annual Bonus Plan awards",
     "type": "regulatory_announcement"
    }
   ],
   "latest_filing_date": "2026-10-29",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.uk-cm-kg.ai/events/LSE/PPH",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=MAINMARKET, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "LSE Main Market"
   },
   "isin": {
    "read_by": "LSE instrument reference record (exchange site)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.londonstockexchange.com/api/gw/lse/instruments/alldata/PPH",
    "state": "confirmed",
    "value": "GG00B1Z5FH87"
   },
   "jurisdiction": {
    "read_by": "GLEIF LEI record (LEI per the LEI column)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/2138003H1BZGR6KM5823",
    "state": "sourced",
    "value": "Guernsey (GG)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN GG00B1Z5FH87)",
    "state": "sourced",
    "value": "2138003H1BZGR6KM5823"
   },
   "name": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=MAINMARKET, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "PPHE HOTEL GROUP LIMITED"
   },
   "sector": {
    "read_by": "LSE issuer profile (exchange site)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/stock/PPH/pphe-hotel-group-limited/company-page",
    "state": "sourced",
    "value": "Travel and Leisure [405010]"
   },
   "security_type": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=MAINMARKET, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=MAINMARKET, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "STMM"
   },
   "ticker": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=MAINMARKET, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "PPH"
   },
   "website": {
    "read_by": "LSE issuer profile (exchange site)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/stock/PPH/pphe-hotel-group-limited/company-page",
    "state": "sourced",
    "value": "http://www.pphe.com/"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "UK",
  "node": "uk-cm-kg",
  "numbers_hash": "sha256:75d9facf9d886ca772ad297f31e52e862b0f0ca184167d11b00fa382692db192",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [
    {
     "date": "2025-10-30",
     "kind": "issuer-sponsored",
     "publisher": "H2 Radnor Ltd",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.pphe.com/~/media/Files/P/PPHE-Corp/documents/investors/shareholder-centre/latest-equity-research/H2R%20PPHE%20-%2030102025.pdf",
     "state": "sourced",
     "title": "Q325 trading update – trading in line"
    },
    {
     "date": "2025-04-30",
     "kind": "issuer-sponsored",
     "publisher": "h2Radnor",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.pphe.com/~/media/Files/P/PPHE-Corp/documents/investors/shareholder-centre/latest-equity-research/250430-h2radnor-pphe-hotel-group.pdf",
     "state": "sourced",
     "title": "Q1 2025"
    },
    {
     "date": "2024-02-29",
     "kind": "issuer-sponsored",
     "publisher": "h2Radnor",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.pphe.com/~/media/Files/P/PPHE-Corp/documents/investors/shareholder-centre/latest-equity-research/RC-PPHE-29-02-2024.pdf",
     "state": "sourced",
     "title": "FY23 results – EBITDA is 3% better than our estimate"
    },
    {
     "date": "2023-12-11",
     "kind": "issuer-sponsored",
     "publisher": "Radnor Capital Partners Ltd",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.pphe.com/~/media/Files/P/PPHE-Corp/documents/investors/shareholder-centre/latest-equity-research/radnor-capital-initiation-note-2023.pdf",
     "state": "sourced",
     "title": "Initiation of Coverage – Time to check-in"
    }
   ],
   "state": "found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "elective professional client",
    "eligible counterparty"
   ],
   "outcomes": {
    "elective professional client": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "eligible counterparty": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.uk-cm-kg.ai/book/aio.json",
    "door": "https://mcp.uk-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/uk/product-governance-fca-prod-sourcebook/r1",
   "section": "uk.aio.v16"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.uk-cm-kg.ai/record/LSE/PPH",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://marketsecurities.fca.org.uk/officiallist",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:75d9facf9d886ca772ad297f31e52e862b0f0ca184167d11b00fa382692db192",
 "path": "/uk/LSE/PPH",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is PPHE HOTEL GROUP LIMITED, listed on the LSE Main Market under ticker PPH, with ISIN GG00B1Z5FH87 and LEI 2138003H1BZGR6KM5823. Its security type is Corporate, its segment is STMM, its sector is Travel and Leisure [405010], and its jurisdiction is Guernsey (GG). Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 700 filings in the window 2025-11-06 to 2026-11-06, across 169 filing days. The median gap between filing days is 1.0 days. The latest filing is dated 2026-10-29 and is of type financial_statement, 8 days before the record date of 2026-11-06. The exchange median cadence gap is 4 days, the exchange median filings are 29.0, and the exchange median latency is 3 days. The sector median cadence gap is 4.0 days, the sector median filings are 62, and the sector median latency is 4 days.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor is not on the record (none found). The auditor location is not on the record. Auditor changes are not on the record, as the record has no lifecycle type map for this register yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, as the record has no lifecycle type map for this register yet. The halt flag shows listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "For the elective professional client category, the signal is ACM-200 and the outcome is determinable. For the eligible counterparty category, the signal is ACM-200 and the outcome is determinable. The rule version is acm-68000/uk/product-governance-fca-prod-sourcebook/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 4 research houses: Radnor Capital Partners Ltd, JP Morgan Securities plc, Shore Capital Stockbrokers Limited and Kepler Cheuvreux.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds 4 openly published research notes: H2 Radnor Ltd dated 2025-10-30, h2Radnor dated 2025-04-30, h2Radnor dated 2024-02-29, and Radnor Capital Partners Ltd dated 2023-12-11.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "No years are sealed for this issuer, and the market vintage is not sealed. The market has no earliest sealed date, and the live record began on 2026-09-11. The store holds sealed years 2021 through 2026, but these are not served as of a date; the as-of door answers not_sealed.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "14 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer"
  },
  {
   "for": "identity.isin",
   "source": "https://api.londonstockexchange.com/api/gw/lse/instruments/alldata/PPH"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://api.gleif.org/api/v1/lei-records/2138003H1BZGR6KM5823"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "identity.sector",
   "source": "https://www.londonstockexchange.com/stock/PPH/pphe-hotel-group-limited/company-page"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.uk-cm-kg.ai/events/LSE/PPH"
  },
  {
   "for": "the halt flag",
   "source": "https://marketsecurities.fca.org.uk/officiallist"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.uk-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.pphe.com/investors/shareholder-centre/analyst-details-and-information"
  },
  {
   "for": "open research",
   "source": "https://www.pphe.com/~/media/Files/P/PPHE-Corp/documents/investors/shareholder-centre/latest-equity-research/H2R%20PPHE%20-%2030102025.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.pphe.com/~/media/Files/P/PPHE-Corp/documents/investors/shareholder-centre/latest-equity-research/250430-h2radnor-pphe-hotel-group.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.pphe.com/~/media/Files/P/PPHE-Corp/documents/investors/shareholder-centre/latest-equity-research/RC-PPHE-29-02-2024.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.pphe.com/~/media/Files/P/PPHE-Corp/documents/investors/shareholder-centre/latest-equity-research/radnor-capital-initiation-note-2023.pdf"
  },
  {
   "for": "the record",
   "source": "https://mcp.uk-cm-kg.ai/record/LSE/PPH"
  }
 ],
 "title": "PPHE HOTEL GROUP LIMITED (PPH) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}