Intercontinental Hotels Share Discussion Threads

[eastbourne1982] 20/10/2004 12:36

Can anyone tell me what IHG's PE ratio is, ADVFN says it is about 250 - lol.

[taximania] 19/10/2004 22:29

hilton - gaming review

[paulismyname] 19/10/2004 20:24

Broker upgrade today, still a little cautious. I also note Hilton fell sharply today and am unable to find out why

[baughfell] 13/10/2004 13:37

Get your buying hats on - its hitting a new high

[baughfell] 09/10/2004 11:44

A total of £17.5 million has been spent buying back and cancelling shares since the results were announced bring the total to £229.5 million of the initial £250 million allocated.

Once the balance of £20.5 million has been spent there is a further £250 million allocated for buybacks.

Buybacks over the past week:

8th 100k @ 655p
7th 100K @ 654.6p
6th 100k @ 660.2p
5th 100k @ 663.1p

[paulismyname] 03/10/2004 19:24

Have to admit I sold mine when the CEO got fired a few weeks back...but I might have been wrong

[baughfell] 02/10/2004 09:05

I've started a new thread with charts on the PBB with R/W access for the free BB.

The link is here:

[baughfell] 02/10/2004 09:01

This RNS came out after the market closed yesterday:

RNS Number:6274D
InterContinental Hotels Group PLC
01 October 2004

Intercontinental Hotels Group plc: Purchase of Own Shares

Intercontinental Hotels Group plc announces that today it purchased for
cancellation 100,000 of its ordinary shares at a price of 639.0018p per share
and can also confirm that yesterday it purchased for cancellation 200,000 of its
ordinary shares at a price of 629.5274p.

Expect similar every few days - over £250 million earmarked for buybacks!!

[baughfell] 02/10/2004 08:54

IHG have announced a massive sale of their largest and less profitable hotels. They will be focussing on hotel management rather than ownership and most of the proceeds of the sales will be returned to shareholders.

They announced a £250million share buy back in the Summer that kick started the share price and so far they have bought back and cancelled about £210m. In the results in mid September they announced a further £250m buy back of shares and a futher £500m to be given back to shareholders in a December dividend on the proceeds from the sales.

Depending on how quickly the disposals happen, there may be even more cash returned.

Many brokers have upgraded their targets to well over 700p (Barclays have a target of 800p). The share price has been consolidating around 630p for a week or so ready for the next push upwards which started yesterday.

[baughfell] 29/9/2004 18:10

A couple of big buys at 635p after the close. I suspect these may be linked to a further announcement of buy-backs tomorrow. Still over £250m of shares to be cancelled.

[baughfell] 21/9/2004 16:11

Barclays have now upgraded too. Target 800p

[godwin2] 21/9/2004 09:12

Time to take some profits - it's been a good ride.

[brain smiley] 20/9/2004 12:07

Another upgrade

InterContinental Hotels 651-1/2 up 5-1/2
'Buy' from 'hold' with target upped to 720 pence from 580 - Citigroup

[brain smiley] 17/9/2004 13:42

Broekr chat today...

InterContinental Hotels 652 up 2
UBS ups target to 620p from 570; ABN Amro 'buy' from 'hold' with 775p target

[gausie] 01/4/2004 09:01

InterContinental Hotels Group PLC will be announcing its first quarter 2004
results on Thursday 27 May 2004.

Am long

[rara] 12/3/2004 15:54

Analyst Jamie Rollo of Morgan Stanley reiterates his "equal weight" rating on the InterContinental Hotel Group (IHG), while reducing his estimates for the company.
In a research note published this morning, the analyst mentions that the company is expected to sell its assets worth £0.8-£1.0 billion in the near future. However, the cost inflation and decline in the hotel business in Europe are expected to offset the positive impact of the free cash flow during the current year, the analysts state. Morgan Stanley does not foresee a recovery in the hotel business in the near term.

[claret33] 14/1/2004 09:00

Anybody any ideas on why this one seems to be on a good run at the moment ?

[kumala] 19/9/2003 09:48

nice rise yesterday, up again this am to 5.14p
:)
K

[china shop] 09/9/2003 05:10

expanding hotel chain in China- things looking good if the new SARS outbreak don't develop.

[kumala] 08/9/2003 10:51

anyviews whu the sudden decline in share price ?
K

[kumala] 12/8/2003 00:58

in and holding, :)

[richsawko] 07/8/2003 15:49

with the world economy predicted to start accelerating (especially in USA)hotel shares should come back into vogue - should bodE well for this one. I'll keep holding to around £5.50 target

[furhaan] 10/7/2003 12:16

short this baby!!!