|Bid||331.50 x 0|
|Ask||342.00 x 0|
|Day's range||332.50 - 333.89|
|52-week range||147.37 - 502.00|
|Beta (5Y monthly)||1.47|
|PE ratio (TTM)||7.40|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||09 Apr 2020|
|1y target est||N/A|
Ireland's largest hotel operator Dalata Hotel Group <DHG.I> 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". 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.
The chief executive of Ireland's largest hotel operator, Dalata Hotel Group <DHG.I>, believes it will take until 2022 for bookings to return to some level of normality following the coronavirus outbreak. Dalata last week announced the withdrawal of its proposed final dividend for 2019, a postponement of uncommitted capital expenditure and large reductions in staff numbers and pay, to be reviewed on a rolling basis in two months' time. It has temporarily closed 29 of its 44 hotels in the United Kingdom and Ireland, Pat McCann said on Wednesday, adding that the group "essentially will never be under threat" as it has the option to sell and lease back some of the 30 hotels it owns if it needs cash beyond the level it has freed up.