Share Name Share Symbol Market Type Share ISIN Share Description
Hotel Corp LSE:HCP London Ordinary Share GB00B01H4N01 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 16.50p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 0.0 -0.1 -0.3 - 8.22

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Date Time Title Posts
26/2/201620:47Puma Hotels Collection rebrands to The Hotel Collection 1,060.00
24/6/201408:28The Hotel Corporation564.00

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DateSubject
05/2/2016
13:20
hedgehog 100: Hedgehog 100 30 Jan'16 - 19:19 - 1039 of 1055 0 0 edit "... RJ, Barcelo was managing the hotels during the share price collapse from 2007 - 2012, not Puma: ... " Hedgehog 100 30 Jan'16 - 19:34 - 1040 of 1055 0 0 edit "Also, RJ, note the division of responsibility here. Puma will be responsible for executing the investment strategy and investment decisions made by the board, as distinct from actually determining the strategy itself: ... " EDF, RJ Allen and myself were talking about Puma, not Shore Capital. Please refer to the following two post extracts above. Puma is just a subsidiary of Shore Capital. For SIP (the renamed HCP), SIP's board sets the strategy, and Puma will manage its implementation. So Shore Capital itself won't be directly involved in those aspects. They should be involved in fundraising, but that's different. In any case, most of your material in post 1053 above is either about Puma, or about Shore Capital fundraising for HCP. There's nothing explicitly about Shore Capital itself setting the strategy. But even if there was, and even if Shore Capital was setting the new strategy for SIP, that doesn't mean that the new SIP strategy would be wrong. The new strategy should be judged on its merits, and it looks very good to me. Also note that HCP's strategy was initially very successful for the first two and a half years, when the share price more than trebled, before being derailed by the credit crunch. SIP certainly looks to have that sort of upside potential to me, and without the downside of many speculative technology and resource plays. In HCP's past the wrong strategy for the coming credit crunch was perfectly executed. So if Puma can now perfectly execute the RIGHT (or REIT) strategy, then SIP should be a sustained success.
03/2/2016
17:16
evil_doctor_facilier: You said 'The very generous open offer allowance was a courtesy for those investors who did wish to take advantage of such a good opportunity." Surely 'anyone' (rights holder or not) could just buy in the open market cheaper? So anyone who has not already lost 99% of their capital ,can buy in cheaper! Some generous and courteous gesture that is? Hedgehog, Shore Capital was responsible for HCP from conception to demise. I am totality at a loss to understand how or why you seem to make Shore Capital blameless for the loss to shareholders here. For anyone not understanding the full picture here ,i have put together a list of events that clearly show Shore capital's role in HCP from the very start in forming HCP to therm farming out the management of the hotels to barcelo. The Hotel Corp PLC (“HCP”) was formed by Shore capital and Dawney shores Hotels (“DSH”) with an objective of being an investment company to invest directly into “DSH” acquisition of the Paramount chain of hotels (“Paramount221;) from Alchemy Partners “DSH” was also a vehicle established by Shore Capital and “DHS” with a stated objective of acquiring a substantial chain of four star British regional hotels. Shore Capital managed “DSH” in partnership with Dawnay, Day Hotels Limited ("DDHL") charging management fees for this service. The consideration for the acquisition of “ParamountR21; was £215m, financed through private equity raised by Shore Capital and senior debt provided by Anglo Irish Bank. “HCP” was listed on AIM July 2004. Shore Capital and Corporate Limited acted as The Hotel Corporation plc's nominated adviser and broker. Shore Capital raised £22m through the placing of 22 million ordinary shares at £1 per “HCP” share “HCP” then subscribed £21.7 million towards the acquisition of “ParamountR21; by “DHS”. “HCP” through Shore Capital raised an additional £13.25 million through the placing of 13.5 million ordinary shares at £1 per “HCP2” share in in December 2014. “HCP” also subscribed for further investment in “DSH” in December February 2005 respectively, bringing “HCP” investment in “DSH” to £33,670,000. As a result of these subscription, the Company held 49.9 per cent of the issued share capital of Shore Capital’s managed and part owned “DSH” investment vehicle. All of the “HCP” capital invested in “DHS ” was raised by Shore Capital. “DSH” announced in December 2006 that it was undertake a strategic review aimed at maximising shareholder value”. In August 2007 upon the completion of the strategic review, “DSH” entered into a lease and management agreement with regards Paramount Hotels, with with Barcelo Group ("Barcelo") “DHS” announced that it “planned to unlock value by increasing gearing and returning capital to investors” Howard Shore, Shore Capital's chairman and a DSH director, commented on the deal said: "We are delighted to have concluded this value enhancing transaction after a careful review of all the options. As a result, shareholders will be able to crystallise the benefits of their investment whilst continuing to benefit from significant real estate potential." July 2008, “DHS” informs “HCP” that the management of “DHS” has today terminated the engagement of "DDHL" under the Portfolio Management Agreement and had engaged Shore Capital Limited to provide the services Howard Shore of shore capital was appointed chairman of ”DHS” In September 2008 HCP announced a NAV of 239p per “HCP” share in it’s interim results along with the announcement that “DSH” had changed its name to Puma Hotels PLC. (“Puma”) May 2009, “Puma” announced that Anglo Irish bank had reduced “Puma” senior debt facility by £20 million from £350 milion to £330 million and senior debt at “Puma” stood at £347.2 million. June 2009 “HCP” raised £12.6 million disapplying share holders pre-emptive rights by placing 15. 2 million new “HCP” shares facilitated by Shore Capital stockbrokers Ltd, primarily to invest into Pumas £20 million equity raising to repay Anglo Irish bank. November 2011. The board of “Puma” including Mr Howard shore inform “HCP” that ("Barcelo") are proposing revised rental and other terms for the hotels. Moreover, that unless a revision to the leases is agreed between the parties, BCE is intending to withdraw financial support from its UK hotels business, Barcelo UK. April 2012 the directors of Puma Hotels informed “HCP” that “Puma” has signed a business transfer agreement providing for the early termination of leases with “Barcelo”; JULY 13 "Puma" announces that it has successfully completed the extension of its GBP323 million senior debt facility with Irish Bank Resolution Corporation in Special Liquidation ("IBRC"). Following the debt purchase, “Puma” re branded itself as UK Group of Hotels plc Aug 2014 as joint administrators appointed of UK Group of Hotels plc (formerly Puma Hotels plc),The Company's investment in UK Group of Hotels plc was fully written down to GBPNil in the accounts of the Company as at 31 December 2013.
24/6/2014
11:57
treacle32: Takeover very likely. Already acquired debt. Give a few million to HCP for their big holding? Around 4 million cash vice near 12 million holding and would still equate to 10 pence on the HCP share price.
18/6/2014
16:04
treacle32: PUMA is Shore and Shore is PUMA as much detailed research last year during the 1.50p to 5.88p rises. Shore owns just under 22% of HCP - HCP could own the majority of PUMA if their preference shares were converted. I don't think Shore would want HCP to become a majority shareholder in PUMA. PUMA is Shore's baby. HCP's preference shares are worth over £11m and they have received no interest for a long while. IMO as many of my postings last year Shore will make an offer to HCP for their holding in PUMA. Or could even use the HCP vehicle to float the new hotels collection brand on the stock market. Shore increased their stake subtantially last August and did not sell for a 600% profit that could have been achievable. One can rewind back to previous RNS's and see how HCP have been on the lookout for acquitisions for the AIM listing. HCP's current holding is worth just north of 20 pence a share on the HCP share price plus another penny for cash HCP may have. 10 pence would equate to 5 million for HCP's holding in the Hotel Collections. I'm sure Shore would have around £5 million or so lying around to do it. The new banking terms must have been agreed to do a complete re-brand on the hotels in the past week. Snippet at the end of May 2014 referring to a bid in the offing. Business seems to be doing well too. 11 June 14 "Since taking over the management of the collection, we have achieved strong revenue growth predominately driven by the resurgence in the meetings and events market, as well as strong leisure demand." http://www.conference-news.co.uk/news/2014/06/11/Puma-Hotels-Collection-rebrands-to-The-Hotel-Collection/7212
12/9/2013
20:55
treacle32: Again I think alot have failed to tick off the downside here too which is the first thing I always tick off. As it stands and end of June 2013 HCP has £703,000 cash (1.4p on the share price) + value of AIM listing (300K) so that totals £1.03m (around 2p). The downside from here is down to 2p. Hence I bought at 1.70p the first time round and enjoyed the 250% gain overnight and hence I loaded up at 3p the second time round. What's the upside potential? Shore have aggressively acquired just under 22% shares by mid-August 2013. Why? I think its because they want to benefit from the full realisation of the value in PUMA hotels. The HCP board had already told us in June 2013 that were talking to the PUMA board about restoration of some value for HCP shareholders. So what could be restoration of value for HCP shareholders? Historically over £1.00 on the HCP share price & as a prefrence shareholder use to pick up dividends more than today's share price. Don't forget if them preference shares were converted HCP would be the majority holder in PUMA hotels with just over 53% stake. We gave them a 12m investment that was raised at circa 80p. We know we not going to get £1.00 or more back. So that leaves us asking the question can we have our investment back of 12m which would equate to around 25p. That may fail too so what about 10-20p? 10p would be only 5m return from them and don't forget the 2p that we currently have a value of. But the can of worm was Shore's buying and according to my understanding if they want to takeover they have to at least offer the 12 month high which is 5.88p. I couldn't put a more clearer case forward as I had been doing for the past month. The downside risk on today's price, you could lose 1.50p if we don't get anything and Shore don't do a takeover too. The upside on today's price is anywhere between 5.88 to 25p for the reasons I've highlighted. The debt is being serviced and the word on the street was that PUMA are trading in line or even may be better than expectations - I believe they have enough cash in hand to give back some money to HCP. I believe the valuation of the hotels (21 chain) is worth circa £460 million. Like I said earlier, PUMA hotels owes HCP one too and will they return the HCP shareholders some value?
12/9/2013
16:58
treacle32: Nothing changes to what the picture was 2 days ago and even when posting on my own from 1.70p and for the past month. 1. Either Shore takeover at minimum of 5.88p (12 month high) 2. Or realisation of value in PUMA hotels - Investment of 12m at the time and back in 2009. Fundraising was done at 80p, 12m now would equate to 25p on the HCP share price when historical worth has been over £1.00. Any value possible on the small fortune if option number 2 transpires. We know the HCP board continue talking to the PUMA board about restoration of value for HCP shareholders and we also know Shore have aggressively up their stake in August 2013 to just under 22%. Remember PUMA owe HCP one as it was HCP who came to the rescue with a 12m investment when Barcelo walked away. Who do you think has been accumulating in 100K blocks yesterday & today? I said weeks ago Shore couldn't buy from long term holders at 1p like they were able too and aggressively. They'd have to buy more in the open market - a big free float doesn't exist and I said weeks ago any order would have to be broken into chunks. DYOR as always. Usual trashing of threads - can see lots of filtered signs and bet as always they don't know anything about the company and the PUMA brand. Shore will be updating the market through their Interims on Monday on what's the latest with PUMA and on outlook.
11/9/2013
08:56
treacle32: I think I have nailed it here and either option is a win win for us. What's in front of us! 1. Either Shore takeover at minimum of 5.88p (12 month high) 2. Or realisation of value in PUMA hotels - Investment of 12m at the time and back in 2009. Fundraising was done at 80p, 12m now would equate to 25p on the HCP share price when historical worth has been over £1.00. Any value possible on the small fortune if option number 2 transpires. We know the HCP board continue talking to the PUMA board about restoration of value for HCP shareholders and we also know Shore have aggressively up their stake in August 2013 to just under 22%. PUMA results are out on Monday which hopefully should be in-line or better than expectations - all helps with the ongoing talks between HCP and PUMA boards about restoring value for HCP shareholders. They'll try and shake a few out but long long way to go yet. I bet the MM's know what's coming and the good news.
11/9/2013
07:33
treacle32: Up 10%. 1. Either Shore takeover at minimum of 5.88p (12 month high) 2. Or realisation of value in PUMA hotels - Investment of 12m at the time and back in 2009. Fundraising was done at 80p, 12m now would equate to 25p on the HCP share price when historical worth has been over £1.00. Any value possible on the small fortune if option number 2 transpires. We know the HCP board continue talking to the PUMA board about restoration of value for HCP shareholders and we also know Shore have aggressively up their stake in August 2013 to just under 22%. PUMA results are out on Monday which hopefully should be in-line or better than expectations - all helps with the ongoing talks between HCP and PUMA boards about restoring value for HCP shareholders.
07/9/2013
11:36
treacle32: Thanks to another poster. 'I believe the Puma results for this year will be above market expectations, also next year depending on finance you could see an acquisition of some kind. Never can gauge market reaction as I suppose the debt situation will still be key, however increased profitability will help this as the debt becomes more manageable' My thoughts then: Suppose if they profit making then as a preference shares holder as HCP use to pick up in the past a dividend couldn't be ruled out? They use to pick up a full year dividend of more than the current HCP share price. If PUMA's trading is good imo that will help the HCP board in their ongoing talks with the PUMA board about restoration off value for the HCP shareholders. Hopefully see some actiivty between now and when Shore release their results on 16th September.
04/9/2013
20:04
treacle32: Something of note, previously the HCP board have always included the results from PUMA within the HCP results. The HCP Interims would usually come out late September but have been published earlier this year without any reference to PUMA results. Shore have announced today they're reporting their results which would include a reference to PUMA hotels on Monday 16th September. Today HCP have changed their NOMAD and have had to drop Shore - I think we may see some positive activity betwen now and the 16th September and maybe one way or other we may know whether HCP is being taken over by Shore which would have to be minimum 5.88p (12 month) or we going to get our small fortune which could be anywhere over 10p, mid-teens or even more. After all the investment was for £12 million pound pounds raised at 80p and historical value of over £1.00 a share - use to pick more of a dividend every year through the preference shares holding than the current HCP share price. Not picking up dividends from the investment could also go in our favour with the board talking to PUMA about restoration of value.
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