Elegant Hotels Share Discussion Threads

[lbo] 28/10/2016 18:14

I think you getting confused with future hope value and current market value. The fact is if the properties were valued today they would not be worth the inflated valuations being thrown around on here. Or are you saying Vision Capital and Luke did no due diligence on current fair value!? And yes I agree the shares could go up in the future but they can also still fall more! Not even Luke knows the future or why did he not buy all the Vision Capital shares? Or maybe 10% is all he needs to push though some reverse takeover or placing scheme like he did with Brighton Pier and the Eclectic bar business! Also slightly worrying no trade buyer with real Hotel management saw the value. So far since this has listed shareholders are sitting in losses and everyone has their noses in the trough at shareholders expense! Amazing to think Mangement reduced their holdings in the IPO and now award themselves with pay increases and share options yet don't see any of them buying all the shares they sold back themselves!

[stemis] 28/10/2016 16:34

"Surely the real underlying value is what anyone is willing to pay for it at any given time and in this case it's well below the supposed NAV or market values of the properties banded around since the IPO."

Surely the reason we invest in individual shares is because we believe their real value to be higher than that which the market values them at? Otherwise we might as well all buy a tracker...

[che7win] 28/10/2016 15:13

Shows the value down here though, he is quite happy to buy a 10% yield and NAV at 186p, hindsight is a wonderful thing sometimes.

All of mine were bought higher than current prices - around 77p, I'm happy to keep these long term.

[nw99] 28/10/2016 14:55

Added again

[salchow] 28/10/2016 14:52

Well if someone is prepared to risk buying 9,450,000 shares I am sure I can risk my slightly more modest holding. I don't expect any great excitement in the price. Good if it makes a base.

[nw99] 28/10/2016 14:47

10% now could buy more if so will rocket

[ramridge] 28/10/2016 14:39

Luke J also has around 40% stake in Brighton Pier. This is a very interesting development. I bought a small stake following the announcement.

[che7win] 28/10/2016 14:34

Very interesting, he is a shrewd investor, this will rock the boat a bit!

[nw99] 28/10/2016 14:14

Yes wow this is very interesting buying more now

[ianfnelson76] 28/10/2016 14:07

Another holdings RNS - is that Luke Johnson the Pizza Express and CAKE chap?

[lbo] 28/10/2016 11:48

Surely the real underlying value is what anyone is willing to pay for it at any given time and in this case it's well below the supposed NAV or market values of the properties banded around since the IPO. Will also be interesting to see if a single buyer turns up on the register or if it's had to be sold in multiple small shareholdings below 3%. Would be odd they could not find a trade buyer or strategic investor? Or maybe that tells us all we need to know about the stage of the hotel market/property cycle we may be at in Barbados that no industry insiders see the apparent value seen on here. Surely those in the know about Hotels and Barbados are just as positive about the collapse in sterling and Zika not being a continuing problem for bookings?

[stemis] 28/10/2016 11:14

Shouldn't be a huge surprise. Vision are a PE outfit not an IT so will be looking to free their capital. Suggests a lot of the weakness in the price is due to this rather than general market sentiment. Once Vision are out we might see the share price reflect the underlying perception of EHG's value.

[lbo] 28/10/2016 07:28

So Vision Capital are the sellers as I have been saying all along!

[stemis] 27/10/2016 16:43

Whilst there have been some notable scams on AIM it's wrong to suggest that all or even most stocks are somehow dodgy. Yes, there is some short term uncertainty over EHG but that's why it's 74p not 120p. The market is clearly discounting some bad news otherwise it wouldn't be on such a high yield, huge discount to NAV and low P/E. The question is, will the outcome be better or worse than the market expects?

Ultimately though it seems a decent business. It owns valuable freeholds in a popular tourist resort. The last time I looked on Tripadvisor 85% of visitors rated their hotels v good or excellent. Hard to write that off when it's nearly 5,800 reviews...

There may be some turbulence but I'm happy to hold the shares.

[lbo] 27/10/2016 13:54

Maybe they are linked some other way to the company? Or maybe they are linked to a private equity shareholder of the company? Or maybe they are linked to market makers?One thing we can all agree on is the AIM market is like the Wild West at the best of times with very few sheriffs in town!

[salchow] 27/10/2016 12:21

LBO - I would always assume that people who are positive on shares hold them and you can read their post in that context. Often they admit that they hold them and it sort of comes back to my general comments. It's the other side of what I wrote about you. Why would they write a positive post if they did not hold them? What would be the point?

[lbo] 27/10/2016 12:00

Salchow the BB is about Elegant Hotels not me or him or you. I also find it odd you only question my motives and why you not have asked why he did not answer my questions on his motives for posting. Why you seemingly think it's ok for posters just to be bullish and ramp shares short term to specific price targets is beyond me. Or maybe it's because you have the same motive? Anyway rise or fall in the short term I will still be here medium and long term discussing the facts be they positive or negative. Let's see who else is here discussing fundamental facts after the "bullchartists" move on when they have sold out. And not for a second am I saying they are not entitled to be in the market or don't play an integral role in the liquidity of making markets but we all know too well what can happen on AIM and why. I see nobody questioning the IPO valuation and the NAV valuations? Yet here we have large blocks of shares trading at discount to both! Anyway I look forward to seeing who has sold out and do they have more to sell.

[salchow] 27/10/2016 11:52

frjdnverijtnhj8568934 - I don't know whether you are referring to my comment or to the original by bikwik which referred to detrimental views. For the record, I don't think LBO's views are detrimental. They are irrelevent in the overall scheme of things like mine or yours. I can readily admit holding the stock. Will continue to do so. I take a very long term view. I like Barbados. It is not going to sink.

I just don't understand, like the earlier poster, why people would continually (not once or twice) but on multiple occasions keep repeating themselves. Of course, they are free to do so and anyone who doesn't want to read them can block them. Why should he not declare his interest? If he is short he is talking his own book and that needs to be taken into account by readers. If he is not long or short then I wonder why he chooses this company to repeatedly comment on out of the all of the companies quoted on the main market and AIM. I look here occasionally because I hold shares and I have too many other interests to waste time on something in which I am not involved, or potentially involved, financially.

[frjdnverijtnhj8568934] 27/10/2016 11:33

Detrimental views? What are you a child? The stock market is a dangerous place and all views should be heard. LBO's motivation has nothing to do with you. He could be short, or he may just be fed up with posters talking their own book. Oh and I think we all know full well what your motivation is for not wanting detrimental views aired.

[salchow] 27/10/2016 11:04

LBO - You do not seem to have responded to bikwik's question "Well LBO, I really can't understand you. If you hold shares in EHG then you are doing yourself no favours by spreading gloom and doom. Alternatively, if you don't hold any shares why spend time posting detrimental views, unless you are short of the stock"

Just out of curiosity, why?

[nw99] 27/10/2016 10:11

Looks like something brewing here maybe the bid that Sharewatch highlighted

[lbo] 27/10/2016 10:00

Although I do believe Tripadvisor has some some genuine reviews (and I am not specifically referring to just Elegant Hotels) I and others have seen cases where positive reviews are orchestrated by certain people with vested interests. I do know people who have stayed in some of the Elegant Hotels and although feedback was generally positive I am not sure you would classify them as "Luxury" for the price. But again I don't think this is specific to the Elegant Hotels but rather a reflection on Caribbean hotels in general except for one specific Hotel on the Island. Probably also why Barbados has never been as popular for Americans as it has been with UK tourists. Unlike in the UK, Americans have many other American destinations which are warm during the winter and provide real luxury and American service standards for similar prices without having to go to the Caribbean.

[che7win] 27/10/2016 09:41

I haven't visited Barbados myself, but I have visited Trip Advisor and like the feedback.

[maiken] 27/10/2016 08:50

keep going please BIKWIK .I find your posts very interesting,as I am sure do many others.How well I remember data stream.Ours was in the corner of the office library.That was Smith New Court,remember them?

[lbo] 27/10/2016 08:41

For a self professed stockbroker you seem easily offended!? But I am willing to give you and your lack of ulterior motives the benefit of the doubt. It would be rare on ADVFN and AIM.