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Elegant Hot Share Discussion Threads
Showing 526 to 549 of 550 messages
|But it's ok to try and ramp! Maybe some insiders posting on here are nervous if the company will be able to get a discounted equity fundraising away if they don't pump it up near to the IPO price https://ftalphaville.ft.com/marketslive/2017-04-03/There's been some trader-ish noise around Elegant Hotels in recent weeks that it might plausibly be a bid target ..... But I note this with extreme health warnings in place.|
|Just fllter LBO as I am going to do immediately after this posting. I said weeks ago that he was either a very disgruntled ex-employee or holiday maker. There is no other reason for such obsession unless he has a mental problem. I now have a good buffer above my buying price and unless there are negative announcements from the company which I do not anticipate I hope to hold for a long time.|
|Yes it's probably worse. Not only is it worth less then it's most recent IPO price. It's been expanded and repackaged back to the equity market and is basically worth less then it was back in 1997. It cost £46m to buy the four St James Beach PLC hotels in Barbados in 1997, including the Coconut Creek and Crystal Grove back then. Elegant back then had the Tradewinds Hotel in Antigua also since gone and a site in Barbados.
Remember this was basically listed before and then taken private and now re-listed again. And every time it comes back to the market its needing to raise more dilutive capital and make more acquisitions to even just to try and standstill. Never mind the high Cap Ex requirements ($28m from 2008 to 2014)
Today Elegant operates six hotels and only has a market Cap of £75m which going on the per room valuations for Waves and Treasure Beach is fair value in the market now. The St James Beach Plc shareholders realised it was a bad long term investment. Cabot Square realised it. Vision Capital realised it and now it's up to the AIM market to realise it.|
|Elegant Hotels isn't a typical AIM company - in a good way. Typical AIM companies are gas, oil and metal explorers which never make it to production, or perhaps biotech or other tech start-ups, which never produce a saleable product. EHG really belongs on the main market - it has assets, it makes profits, and it pays a dividend. There are a few other companies like this on AIM (SHOE, CARD come to mind), but not many.|
|I must admit LBO, for someone who professes no financial interest in the shares, your continued dedication to talking down the company seems to know no bounds. It's clearly more than just that of a detached observer.|
|Meanwhile some technical stuff:
200 day moving average 75.4p, 100DMA 80.6p, 20DMA 83.9p.
13 week low 77p, 13 week high 88p.
1st Resistance point to break thro 88.67p.|
|I'm so sorry, I don't know the answer to either question.|
|Sounds like the Bajans cook the tourism statshttps://www.tripadvisor.com/ShowTopic-g147262-i230-k6113977-Cruise_Ship_Arrival_Numbers_The_real_figures-Barbados.html|
|Pity it was not seen in the Elegant Hotels figures. Is Elegant Hotels losing customers to Sandals? I also wonder does "arrivals" include Barbados transit passengers and Cruises who don't stay in Hotels at all.|
|"Foster, a veteran in the industry with over three decades of experience, said that in 2016, Barbados continued to smash arrival records"...
|https://www.barbadostoday.bb/2017/03/18/praises-for-sandy-lane/However, with the island facing further decline in tourist arrivals especially out of the UK this year as a result of higher interest rates in the US and a weaker Pound, Grant called on officials of Sandy Lane and others in the industry to employ greater use of technology to keep numbers up and "think outside the box".He stressed that the industry was "changing in a significant way" including the proliferation of accommodation choices while acknowledging that the traditional way of doing business could no longer be relied on.Grant said the visitor experience should always be top notch as that was even more critical for the industry at this time, even as hoteliers prepare to adjust and adapt to remain competitive.General Manager Randall Wilkie said while the Zika outbreak forced many hoteliers to slash their rates last year, that was not the case for the Sandy Lane.|
|Look at chart since August: 40% rise, share price 63p to 88p last night.|
|http://www.nationnews.com/nationnews/news/94964/tourism-matters-role-boutique-hotels-villasOf course, a lot has happened in our accommodation offerings over the last ten years. It was interesting to read in Terra Caribbean's famous The Red Book, according to data provided by the Barbados Tourism Marketing Inc. (BTMI), that between 2011 and 2016 villa occupancy had increased by an average 22 per cent monthly, during this five year period. Then, what only can be described as an explosion in alternative accommodation, notably Airbnb, HomeAway, Flip Key, VRBO, Tripping and the many others has helped transform our overall lodging offerings|
|Looking at the turnover, profits and values going back over the years shows the hotels with all the capital investment also needed they have not been good investments. https://www.thecaterer.com/articles/36015/elegant-behaviourhttp://www.breakingtravelnews.com/news/article/treasure-beach-barbados-announce-bespoke-hotels-appointment-as-the-new-oper/|
|Hey, that article is from 1997 - that's, like, twenty years ago. I think the world has changed a bit since when Bill Clinton was getting impeached.|
|And maybe over the long term Barbados hotels are a bad investment and Mr Morley like many others were delighted to get out when they couldhttp://www.independent.co.uk/news/business/beach-hotels-sold-for-pounds-46m-1245383.html|
|Maybe they weren't offered...|
|If such a bargain surprising Mr Morley did not see it that way. He could have even taken shares in Elegant PLC and shares in the future upside rather then the cash which Elegant Shareholders hope to borrow off the bankhttps://en.m.wikipedia.org/wiki/Kevin_Morley|
|Sounds like a bargain then...|
|10 years later and it's sold for less then what it cost to just refurb it http://barpublish.bits.baseview.com/303959402325898.php|
|Yeah Treasure beach in Paynes bay would be seen as a better location then Waves in Prospect bay even though they are only 2km apart|
|LBO - they are different properties! You're trying to compare apples with oranges!|