Share Name Share Symbol Market Type Share ISIN Share Description
Elegant Hot LSE:EHG London Ordinary Share GB00BWXSNY91 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 89.50p 88.00p 91.00p 89.50p 89.375p 89.50p 100,906 11:00:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 43.9 12.2 10.1 9.0 75.69

Elegant Hot Share Discussion Threads

Showing 576 to 600 of 600 messages
Chat Pages: 24  23  22  21  20  19  18  17  16  15  14  13  Older
DateSubjectAuthorDiscuss
19/10/2017
09:22
https://www.hospitalitynet.org/performance/4085067.html
lbo
18/10/2017
14:56
Sounds like similar industrial dispute could be on the way for Elegant Hotels now that they have dropped out of the BHTA agreement http://www.pressreader.com/barbados/daily-nation-barbados/20151222/282497182624693
lbo
18/10/2017
13:50
LBO dosent appear on my mobile app, anyway he must be saying something bullish as this keeps rising.Cheers
che7win
18/10/2017
11:01
http://www.nationnews.com/nationnews/news/101323/elegant-opts-agreement
lbo
18/10/2017
10:42
Hi LBO! Thanks again for the "bear" case for EHG - it's good to keep things real. But I think you meaan NAV of 1.2848 US dollars (not cents) per share, and thus 97p per share. Yes?
bookwormrobert
18/10/2017
10:09
Re: Paul Scott comments I think if you have a rule in regard to overseas companies on AIM, you should stick to it. Personally i have lots of cash waiting to be invested and am quite happy to wait until panic hits the markets again.
spob
18/10/2017
09:12
If anything the recent acquisition valuations lower the overall NAV when applied to the other Elegant properties which have not all been refurbished. They confirm asset prices are still falling in Barbados. The $10.5m Treasure Beach deal equates to $300,000 per refurbished room when divided by 35 while Waves was bought for $18m plus the $4m Cap Ex so which when divided by the 70 rooms put a value of $315,000 per room. Using these post refurbishment valuations ($300,000 X 588 rooms), the Group's properties INCLUDING Treasure Beach, would be valued at ONLY $176.4million not $257m excluding treasure beach as per the half year report which again references an old CBRE valuation as at 15 April 2015 (over 2 years old and based on higher asset values at the time and higher occupancy, RevPar and cashflows back then). There has been multiple profit warnings and reduced earnings per share since 2015) Also not all the groups properties have been refurbished so this would still be an optimistic valuation applying it across all the properties. But still based on net debt of $62 million at 31 March 2017 (debt should be $8m higher after Treasure beach acquisition closed May 2017), this would equate to an implied net asset value (NAV) of less then $114.4 million not $195m as reported (ie less then $1.2848c per share or less then £0.97p per share, based on today's exchange rate)
lbo
13/10/2017
09:32
Masurenguy - Paul Scott later had his attention drawn to the fact that his asset values were wrong and did not take into account increases in value of the latest acquisition and he agreed that the figures were even more favourable than he had stated. From a chart perspective it is good that there has been such a positive bounce off the clear support at 80p.
salchow
12/10/2017
16:52
Liberum has made no changes to its forecasts which had already been lowered previously. It's no great surprise that as they chose to acquire more rooms then you would hope they can do a bit better then just sell a few more rooms. Crucially overall RevPar and occupancy has been falling but the acquisitions have managed to paper over the cracks that are developing.
lbo
12/10/2017
13:18
Paul Scott likes Elegant Hotels. Valuation: This share looks strikingly cheap, which makes me worry that there might be something wrong? Zeus are forecasting 8.1p EPS for the year just finished, 09/2017. That's a PER of 10.5. For y/e 09/2018, they are forecasting 10.4p EPS, for a PER of 8.2. Dividends are forecast at 7.0p for each year, giving a divi yield of 8.3% - usually that's too high to be sustainable, so a question mark hovers over such a high payout, which is only just covered by earnings. Personally I think the company is over-paying, and should probably halve the divis, and redirect the saved money into refurbs to keep the properties in tip-top condition. Reviews on TripAdvisor seem to indicate that inadequate maintenance is a problem. Asset-backing - what I like about this company is that it owns the freeholds for these prestigious properties. So the balance sheet looks solid, with $118.3m NTAV - that's $1.33 per share, or a whisker over 100p per share. So at 84.8p, the shares are trading 15% below NTAV. Two brokers today state that the discount to NAV is much larger. I've checked their figures, and the discrepancies seem to be that they're using an outdated exchange rate of £1 = $1.25 (whereas I have used the current exchange rate of £1 = £1.32). Also the brokers seem to have uplifted the value of the freeholds by $20m over book value, in their calculations. Given how cash generative the hotels are, I can't see any reason to question book value, which seems reasonable. There is $173m in property assets, and $61.5m in net debt, shown in the most recent accounts. That looks a perfectly reasonable position, so there are no worries about excessive debt. My opinion - this seems a very reasonably-priced share. I like the low PER, the monster divi yield, and the asset-backing. That Luke Johnson has given it his seal of approval, by buying about £10m-worth of shares, and joining the board, is nice confirmation. I wouldn't normally buy shares in any overseas companies on AIM, but this (and Somero Enterprises Inc (LON:SOM) ) are rare exceptions. I see upside to maybe 100-120p per share, with patience. Along the way we get huge divis to keep us interested. Plus there is expansion (contracts to manage other hotels) in the pipeline. Overall then, I like it.
masurenguy
12/10/2017
12:53
It does look good value. As an aside.Do they give shareholders a discount?
shauney2
12/10/2017
09:07
Good to see this recovering on positive update
mister md
12/10/2017
08:25
Good update, which should reverse the recent price decline ! "Trading since the interim results in June has remained in line with market expectations. Whilst the Group is only 12 days into its new financial year, it is pleased to report that bookings are currently tracking ahead of the same period last year." Current yield, at todays price, is 8.4% !
masurenguy
12/10/2017
08:23
Good trading update; in line and current year has started well
stemis
10/10/2017
09:04
There was a trading update on 14th Oct last year & similarly around the same time in 2015.
mortimer7
09/10/2017
16:16
Geheimnhis2 - this is the problem with most artists. The earlier work is usually regarded as the best.
salchow
09/10/2017
16:04
Phil Oakley is a decent analyst but i still prefer his earlier stuff with Human League
geheimnis2
09/10/2017
14:38
On 6th October 2017, Close Brothers Asset Management bought 885338 shares in ELEGANT HOTELS GROUP PLC. This brought our shareholding to 5044923 and 5.68% of the shares in issue.
mortimer7
09/10/2017
14:34
RNS - Close Asset Management move to over 5%
che7win
09/10/2017
11:48
Yes, I have read good articles before by Phil Oakley. Like the rest of us he can't always be right but he is very measured in his approach. This is a share for the longer term. In fact, despite having quite a substantial holding it is the first time I have thought about EHG and looked at this page for what seems like several months.
salchow
07/10/2017
12:50
good article.However hurricane Irma has reduced the holiday attraction of the badly affected islands and as Barbados was unaffected could benefit Elegant imo.
tricia51
06/10/2017
09:01
Yupawiese, thank you for posting that article. Excellent amount of detail and well balanced.
mortimer7
06/10/2017
08:50
It won't help the supposed values of the Barbados properties they already own. A Bajan devaluation may be good long term for trade and tourism and may attract new capital but existing investors like Elegant Hotels will see their property assets devalued overnight. Meanwhile the Elegant hotel debts are US denominated and will increase significantly.
lbo
06/10/2017
07:28
Hi LBO! Well, I voted your post up! I'm always glad to hear the case "against" a share. (Although I'm not sure that the breaking of the currency peg would do that much harm to EHG; they receive in pounds and US dollars, and they spend in Barbados dollars, so it could even be argued it would help them as a business).
bookwormrobert
05/10/2017
14:14
Thanks for the post, yupawiese!
boonkoh
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