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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Thistle Hotels | THO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | - |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| Top Posts |
|---|
Posted at 29/4/2003 08:42 by singaporetho ghill:Agreed we need to sell and put new life into THO it's dead//////////////// |
Posted at 15/4/2003 18:21 by oldtown Tg100, all the news you find abot THO seems to be doom and gloom.Try this to even things up a bit! THISTLE HOTELS PLC ("THISTLE") THISTLE SHAREHOLDERS SUPPORT THE REJECTION OF BIL INTERNATIONAL LIMITED'S ("BIL") OFFER The Board of Thistle* announces that shareholders representing more than 39 per cent. of Thistle's entire issued share capital, and more than 72 per cent. of the issued share capital not owned by BIL, have confirmed to Thistle that they do not intend to accept BIL's offer of 115 pence per Thistle Share. David Newbigging, Chairman of Thistle commented: "We are delighted to have received such a significant level of support from shareholders. This strongly reinforces our view that BIL's wholly inadequate offer significantly undervalues the Company." |
Posted at 22/2/2003 15:40 by aratrum According to the FT this weekend the NAV for THO is between 170p and 200p. Why accept an offer for less than the NAV. Better still why not a premium to NAV? |
Posted at 21/2/2003 18:01 by aratrum BIL is taking advantage of a depressed market price to launch a bid. With a bank full of cash, and a portfolio of good quality locations, what is the true value of THO. Why let them get it on the cheap? |
Posted at 21/2/2003 13:06 by skyship Well, a modest premium is better than no premium at all. 120p is my guess - Will that be sufficient? What with Hugh Osmond's attack upon 6C & now this possoible take-out of THO, what will be the hotel fanciers next call. Well, Jack Petchey has 29.6% of Jarvis Hotels that he must be itching to pass on at a reasonable turn - so JVH @ 105p has to be a good trade surely..... |
Posted at 05/2/2003 07:44 by ainsoph Broker ForecastsFiscal year end: 2002-12-31 Sales per share: 42.00p (42.00p) EPS: 5.30p (5.31p) EPS Growth: -29.24% (-29.09%) Dividend: 5.14p (5.15p) Fiscal year end: 2003-12-31 Sales per share: 39.00p (39.00p) EPS: 5.80p (5.90p) EPS Growth: 7.41% (12.06%) Dividend: 5.30p (5.33p) Fiscal year end: 2004-12-31 Sales per share: 43.00p (43.00p) EPS: 6.61p (6.80p) EPS Growth: 15.88% (16.14%) Dividend: 5.37p (5.48p) Broker Recommendations Strong Buy: 0 (0) Buy: 6 (5) Neutral: 3 (1) Sell: 2 (1) Strong Sell: 0 (1) Total: 11 (8) Note: numbers in brackets denote last week's figure |
Posted at 23/12/2002 09:58 by singaporetho THO is going to be down for some time...@ this time of year it should be well up, but as confirmed they are giving rooms away @ cost to avoid sinking.I should leave it alone until below 90p in the new year, and hope we get some good news. Merry Xmas all'''''''''''' |
Posted at 04/11/2002 21:29 by ainsoph Lehman Brothers downgrades its stance on the European hotel sector to 'neutral' from 'positive' and cut its forecasts and targets across the board due to a lack of catalysts to drive the stocks and the likelihood of limited revenue growth in 2003. It also highlighted cost inflation issues. It noted there has been a sharp increase in such areas as insurance costs. Moreover, hoteliers are facing wage pressures in what remain relatively tight labour markets. It argued that should growth in revenue per available room -- RevPAR -- be less than inflation, companies may struggle to recover cost increases and margins could decline. This is the main factor behind its earnings downgrades, it said. Furthermore, Lehman Brothers noted that the sector is suffering from tight balance sheets. It highlighted MyTravel's well-publicised woes, Six Continents' surprise cut to future dividends and the fact that Hilton Group held its dividend at its first half results. However, it believes Accor is the most obvious candidate for cash conservation. The group continues to put 1 bln eur of capex into expansion despite a stretched balance sheet position, it noted. In light of all these factors and recent outperformance, it feels the sector no longer offers compelling value at this stage. On an individual level, the broker downgraded Accor to 'equal-weight' from 'overweight', cut its target price to 38 eur from 44 and lowered 2003 EPS by 12%. Meanwhile, it reduced its target price on Hilton Group PLC to 210 pence from 239 pence and trimmed 2003 EPS by 5%. The broker remained 'underweight' in Six Continents PLC and cut its target to 572 pence from 646 while also cutting its target on Whitbread Holdings PLC to 600 pence from 650. Still in the UK, the broker slashed its target on Millenium & Copthorne PLC and Thistle Hotels PLC to 200 pence from 300 and to 145 from 170, respectively. |
Posted at 04/9/2002 07:50 by ainsoph Keep a hold of Thistle with care INDY As conundrums go, how to spend a spare £365m knocking around in your bank account isn't a bad one. But unless Thistle Hotels solves this particular puzzle soon its already weary investors are going to lose what little patience they still have with the stock. Not that Ian Burke, the chief executive of London's largest hotelier, was shedding any light on the subject yesterday. But after raising the funds five months ago via a sale-and-management deal involving 37 properties, he has numerous options. He could return the cash to shareholders, spearhead a drive into Europe or buy a second UK brand. He could even have raised the interim dividend. That he did nothing rekindled speculation that something was afoot. Like a management buyout. The issue with Thistle is that there is always something afoot. Will its largest shareholders, BIL International and the Singapore government tire of their underperforming investment and sell up? Will it ever realise the underlying value of its estate, worth £1bn but down to just 18 owned properties from 56 after the March deal? And will it ever venture further afield than the British Isles? Nobody knows. Shareholders should hang on for an upturn in its London market if nothing else. Trading improved in July and August and sound management skills kept the decline in the half-year to 14 July in line. Pre-tax profits were £57.9m, boosted by £42.3m of exceptionals from profit on disposals, against £29.4m last time. At 127.5p the shares are expensive, but worth holding. |
Posted at 01/9/2002 20:06 by oldtown Back in this week ay 1.19, Tho looking way oversold with all that loot in the bag.Oldtown |
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