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Post by Humberside on May 1, 2009 16:45:13 GMT
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Post by pug on May 2, 2009 17:41:23 GMT
I wonder who would be prepared to prop up Peels loss making subsidy? Particularly when Peel Holdings are incredibly wealthy themselves and are not prepared to.
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Post by Humberside on May 3, 2009 17:09:31 GMT
I cant see any financial investors being too intersted in the current climate. The Peel portfolio, especially DSA and MME require investment and effort to meet their potential - they are no Gatwick
Also Peel arent offering 100% ownership or even a majority stake. I agree - who would want a minority stake in a business that requires investment, time and effort, and were the hoped for rewards would be very long term
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Post by pug on May 4, 2009 14:15:02 GMT
Interesting to note
Also in an article from the Liverpool Echo, they say they are sellinh a 49% stake but it wont affect developments at LPL....
Certainly does not look good for MME/DSA, someone on Pprune worked out that MME would handle 333,000 this year. Im sure thats less than HUY.
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Post by Humberside on May 7, 2009 20:30:25 GMT
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Post by pug on May 8, 2009 11:36:13 GMT
It seems as though they have twisted it though as they implied, via Neil Pakey, in several articles that the sale would be of the whole airports division... I dont understand where this 'investment of £150 million' comes from as the improvements earmarked are cost at £12million. Peel spent £80 million to get DSA up and running to put it into context.
Obviously Peel are trying to gloss over something to the press after the bad run they've had over the last couple of years with their airports. DSA and DTV will be of no use to the wider Peel Group if they are having to plough millions into them just to keep them operating.
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Post by pug on May 8, 2009 13:15:51 GMT
An excerpt from lpdbusiness.co.uk
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Post by elmfield on Sept 23, 2009 14:12:40 GMT
Does anyone know of any recent news on this matter?
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Post by Humberside on Sept 23, 2009 14:33:13 GMT
Gone very quiet. Guess either there are some behing the scenes talks going on, or perhaps more likely is that Peel aren't looking for an investor anymore - either due to a change of strategy on their part, or a lack of interested investors
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Post by rubberneck on Sept 23, 2009 18:05:10 GMT
plenty going on behind the scenes......
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Post by elmfield on Sept 24, 2009 17:27:57 GMT
With John Lennon Airport failing to make its anticipated first profit after 10 years and both Teeside and Doncaster suffering badly... to a point where the latter was asking for rate -relief after claims of monthly losses in excess of £1 million is the land bank going to be a major feature in any deal?
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Post by rubberneck on Sept 28, 2009 15:17:48 GMT
The reported loss of £1 million a month was / is greatly exaggerated.
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Post by Humberside on Oct 2, 2009 12:33:47 GMT
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Post by pug on Oct 2, 2009 12:50:39 GMT
It would have to be a very committed invester as it will be years before they make any return on an investment.
Profitability at Peel airports is questionable, even at Liverpool where things took off better than planned...
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Post by pug on Feb 8, 2010 18:17:31 GMT
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