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IHG Intercontinental Hotels Group Plc

8,242.00
-66.00 (-0.79%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Intercontinental Hotels Group Plc LSE:IHG London Ordinary Share GB00BHJYC057 ORD 20 340/399P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -66.00 -0.79% 8,242.00 8,254.00 8,258.00 8,382.00 8,252.00 8,300.00 611,396 16:35:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Hotels And Motels 4.62B 750M 4.5551 18.12 13.59B
Intercontinental Hotels Group Plc is listed in the Hotels And Motels sector of the London Stock Exchange with ticker IHG. The last closing price for Intercontinental Hotels was 8,308p. Over the last year, Intercontinental Hotels shares have traded in a share price range of 5,116.00p to 8,790.00p.

Intercontinental Hotels currently has 164,649,268 shares in issue. The market capitalisation of Intercontinental Hotels is £13.59 billion. Intercontinental Hotels has a price to earnings ratio (PE ratio) of 18.12.

Intercontinental Hotels Share Discussion Threads

Showing 51 to 75 of 550 messages
Chat Pages: Latest  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
15/4/2005
14:41
Will short at a close below 617p
baughfell
24/3/2005
13:16
any targets to buy?
kitkat
16/3/2005
22:09
Barclays have downgraded to neutral today
baughfell
14/3/2005
22:07
Anyone know why there is such a drop in the share price over the last two days.
iwillbe
05/2/2005
08:57
Good run on Friday - getting ready to test 700p resistance again
baughfell
02/2/2005
11:49
The Independent Online
The Investment Column: It's check-out time for hotel shares
Edited by Stephen Foley 02 February 2005

Is it time to check out of hotel company shares?

We ask because we have been broadly in favour of holding them through 2004, as the industry snapped back from the effects of recession, terrorism, war and epidemic. But now, CSFB, which boasts the City's most respected leisure sector analysts, is advising clients to "underweight" the hotels sector.

The share prices of Hilton, InterContinental Hotels, De Vere and Whitbread have been at five-year highs now that the high-spending business traveller is re-emerging and hotels are getting booked up again for corporate conferences.
At the same time, the debt-fuelled Western consumer spending splurge continues, with holidays back at the top of the shopping list.

CSFB's caution is based on valuation measures including the ratios of market capitalisation to stated asset values and sales. These are close to all-time highs, relative to the market. Only Millennium & Copthorne, heavily exposed to the Asian market, got a kind word from CSFB yesterday. Asian hotels are seeing more visitors now than their historical average. Elsewhere, occupancy rates are still below average, despite improvements since the trough and the leap in profits this caused in 2004. A consumer slowdown will be a drag from here.
Investors could be disappointed if they believe hotels will easily be able to raise prices this year, outside major centres such as London and New York. Hilton is at particular risk of disappointing, CSFB says.

The bull case would be that valuations are justified because of the industry restructuring which is seeing many operators, notably InterContinental and Whitbread, selling their hotel assets to concentrate on running, rather than owning, them. This makes them more fleet of foot, better able to expand, and frees up billions to return to shareholders.

These financial restructurings, though, are not new, and their fruits can be overestimated. Now seems a good time to follow CSFB and take profits.

stewartjrl
16/12/2004
14:46
Correct, whilst they went ex on Monday the divi doesn't get paid until Friday (or probably sometime later if you have a comdirect account). If you used a CFD or spread bet and held a position before Monday then the dividend adjustment will probably have been made on Monday.
typo56
16/12/2004
11:29
Typo
I noticed that my broker did the share consolidation on Monday but the Div doesn't get paid until Friday, However whichever way the maths is done, you pulled a nice profit from the brokers who were asleep.
I'm a long-term holder of these, since the days of Bass, I think the share buy back will support the share plus any profits from further sell offs.

rara
15/12/2004
12:43
I think you should take the dividend off first, then apply the consolidation. The dividend of 72p per share is based on the number of shares in issue pre-consolidation. Thus if you held through through the consolidation you would be receiving a dividend of 80.64p for every share now held. So you can either do the maths your way, deducting 80.64 instead of 72, or:-

(660-72)*28/25= 658.56

typo56
14/12/2004
23:07
Well done Typo, I hadn't paid much attention to it until just. According to my maths the share price shouldn't have moved as (660(28/25))-72= 667, well near enough.
rara
13/12/2004
11:02
I give in!!!!

LOL

STORMY

onlyonestorm
13/12/2004
10:50
I love these confusions. It creates some nice trading opportunities. eg AWG going ex redeemable on a Monday was great.

The 72p dividend went ex today ie you needed to have bought before today, which is what I said. I don't see that we differ on that point.

The 25 for 28 consolidation took effect this morning. The whole point of the consolidation was to stabilise the nominal price. Therefore it would hadly make sense to go ex 72p dividend on 8th December (as you might expect with a simple dividend) and consolidate on 13th December.

I managed to pick up some IHG this morning at 636p, but not nearly as many as I would have liked. Hopefully better luck on the next dividend/consolidation opportunity.

typo56
13/12/2004
09:49
TYPO56 - Normally you would be correct but as this is a speacial divi/conolidation the record date preceeds the ex- divi date therefore as I see it you had to hold on the 10/12 to be eligable!

PS - I might be wrong!!! DYOR

Intercontinental Hotels Group

The following information relates to the basic terms of the Special Dividend and Consolidation in Intercontinental Hotels Group. You will find more information in our letter sent to you on 23 November 2004.



Please note that the above is subject to shareholder approval at the Intercontinental Hotel Group Extraordinary General Meeting to be held on 10 December 2004.

If you want to attend or vote at the EGM please call our corporate action enquiry team on 0845 941 2222* before 3pm on 3 December 2004. They can arrange this for you over the telephone.

If you continue to hold your Intercontinental Hotels Group shares until close of business on 10 December you will receive the following-:

72p in cash for each share held.

Following the special dividend your shares will be consolidated using the calculation-:

Every 28 ordinary £1 shares currently held will be consolidated into 25 new ordinary shares of 112p.

If you do not want to attend or vote at the EGM you do not need to take any action and we will automatically update your account with your cash dividend and new Intercontinental Hotels Group shares should the special dividend and consolidation go ahead.

Intercontinental Hotels Group expect the new shares to be dispatched on 13 December 2004 and the cash dividend to be paid on 17 December 2004. We will credit your chosen account with these proceeds shortly after these dates.

STORMY

onlyonestorm
08/12/2004
08:35
Buy before 13 Dec to qualify for the 72p divi. When they go ex you will have qualified for the 72p div and you will have 25 new shares for every 28 old shares you bought.

I can't see why you would be interested in scalping the dividend. You are effectively taking income in exchange for a capital loss. Certainly not something to be considered by anyone who is below their annual CGT allowance I'd have thought. Or have I got it wrong?

typo56
07/12/2004
10:38
Can anyone answer the above question!!!!

STORMY

HEEEEEEEELLLLLLLLLLLLPPPPPPPPPPPPPPPP!!!!!!!!!!!

onlyonestorm
07/12/2004
09:18
padmoneymaker/ANY WELL INFORMED INVESTORS - Re your question "If i was to buy shares the day before it went EX DIVI would i get the divi 72p or not seeing has it is a special divi payment". Normally I would say yes but not sure on this one as if you look the record date is the 10/12 and the ex divi date is the 13/12, I think it is usually the othe way around.

Can any wise men/women clarify this it would be nice to know!!!!!!!

Thanks in Advance

STORMY

onlyonestorm
06/12/2004
19:07
If i was to buy shares the day before it went EX DIVI would i get the divi 72p or not seeing has it is a special divi payment.I know it should drop 72p on the day but that is not always the case so might take the chance it drops less than the payment and pocket the diff which happens many times.

thanks

padmoneymaker
28/11/2004
07:54
When a divi is paid the share price usually falls by the same amount. The consolidation is approx £500m the same value of the divi so the share price will stay approx the same.

Shareholders gain 72p per share, lose 3/28ths of their shares, share price remains the same. Net change to overall value at payout is zero.

baughfell
25/11/2004
20:13
Can anyone explain to me the benefit of the 72p when you are going to lose 3 shares for every twenty seven held amounting to say £20.40p loss and a gain of say 27x72p= £19.44 gain am I missing something?
slyfox1
22/11/2004
12:06
1157 GMT (Dow Jones) LONDON--InterContinental IHG) reports 3Q results Tuesday. Bear Stearns says "after a strong first half we expect continued, albeit slowing, growth in the 3Q and 4Q despite being up against more difficult comparatives." Bear Stearns is looking for an update on ongoing asset sales, and the potential for further asset sales and capital returns. Stock -0.2% at 676p. (SCO)


(END) Dow Jones Newswires

brain smiley
18/11/2004
18:54
Nick, a 72p divi is a good reason to hold for another month, plus the buyback will continue on any dips. However, I think £7 may provide psychological resistance just as £6 did.
baughfell
18/11/2004
08:40
no baughfell,
i've been following but with a view to a short. looking a bit toppy to me.

nickthegambler
16/11/2004
21:58
Its a bit lonely here. I've still got the shares at 620p (target £7.50) and the CFD from 632 (target £7). Am I the only one interested?
baughfell
13/11/2004
08:14
A new high at 680p. More news of buybacks and the December divi should drive us through £7 before the end of the month. Remember, the Barclays target is 780p
baughfell
27/10/2004
11:23
looking to test support at 650
baughfell
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