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Elegant Hot Share Discussion Threads
Showing 501 to 525 of 525 messages
|From LBO's last link it appears that Airbnb may not have it all their own way with package holidays becoming more attractive.
"Fully-paid-for-holidays have seen an increase in demand following the poll as Britons seek cheaper breaks and maximum control over costs, regardless of future currency swings"|
|Aim-listed Elegant Hotels added 1.5 per cent to 86.5p amid rumours that two potential bidders have been circling the Barbados resort owner.
|The Response of Various Real Estate Assets to Devaluation in Argentinahttp://www.reporteinmobiliario.com/nuke/article640-the-response-of-various-real-estate-assets-to-devaluation-in-argentina.htmlAfter the first three months of 2002, during which the real estate business market was practically paralyzed, the behavior of the different real estate sub-markets was different. The "industrial" market suffered the most important change of values after devaluation of the Argentine currency, with prices dropping 67% during the first year. Next was the "office" market depreciating 53% during the same period. The residential "apartment" market value dropped 29% during the first year after devaluation.|
|Says the man who does not see Airbnb as a competitor to Elegant hotels but Elegant management themselves do.|
|Forgive me for being rude, but I think maybe you need to study some basic economics, and read up about what actually happened in Ireland nine years ago.|
|Go and ask the Irish if they share your optimism for IMF bailouts and property prices in the aftermath. The facts speak for themselves and prices are still well off pre bail out values even after factoring in the recovery over a few years later.|
|Well, we agree that a stronger sterling would help Elegant Hotels. I'm afraid, as regards the rest, we'll have to disagree.|
|Don't think anyone who owned property/Hotels in IMF bailout countries at the time saw it as a positive unlike the vulture funds who will need to be incentivised to come in and invest at cents in the dollar. Also a stronger sterling against the US dollar would be more important to Elegant Hotels then a Bajan devaluation to the US Dollar as over 70% of Elegant Hotels customers come from the UK.
|No, I don't think real estate values for assets producing dollar / sterling income would fall significantly if the Barbadian dollar were devalued. Rather, costs in local currency would decrease increasing profitability. And I don't think a devaluation would deter tourism in the least; the usual experience for tourist destinations which devalue is the exact opposite.
I hate to say it, but a devalued Barbadian dollar would be positive for EHG.|
|LBO - revenue in US dollars to match debt. Agree though that a devaluation would increase real estate gearing. On balance not sure if a devaluation would be good or bad. It would boost the trading business but hit the asset value and increase balance sheet leverage.
On balance it would probably be bad as it would hit the Barbados economy and that might deter tourism. Any thoughts?|
|Elegant hotels debts are in US dollars and its property assets are Bajan denominated and would devalue significantly as happened with property values when IMF comes in as happened in Ireland etc.|
|Hi LBO! Yes, Barbados has economic problems due to large dollar-denominated debts (and it's not alone in that in the Caribbean). But that doesn't really affect Elegant Hotels - if anything the potential devaluation would help the company (it takes money in dollars and pounds, but a lot of its costs are in local currency). So, yet again I ask, what is your point in posting these scare story articles here?|
|Good rns this morning. Fingers has kindly done a chart for us which suggests that this could be a good entry point.
|Good update yesterday, I missed it.|
|Should see upper 90's in fairly short order IMO|