Elegant Hotels Share Discussion Threads

[nw99] 13/12/2016 07:27

Legal and Gen buying as well now

[nw99] 12/12/2016 12:03

Very good await next move up

[che7win] 12/12/2016 11:59

Looks like someone else also eager to come on board? We'll see.

[le4r] 12/12/2016 11:30

There you have it - he's topped up

[che7win] 12/12/2016 08:10

Lovely chart, bowling up.

[che7win] 10/12/2016 12:02

That would be fantastic news, Luke is very keen in that case and as a CAKE owner, I would be very keen.

[nw99] 10/12/2016 07:10

Rumours Vision sold remaining 10% to Luke great news if the Times is right

[che7win] 09/12/2016 22:24

Excellent news,
Vision can move on to what they do best, share overhang gone, very positive and market reacted as such.

[mortimer7] 09/12/2016 18:17

So assuming Vision have sold their 11 million shares it'll be interesting to see who's bought them. (22 mill traded today). RNS early next week I guess.

[lbo] 09/12/2016 18:11

It's coming!

[sharw] 09/12/2016 17:53

Vision Capital reduced their holding to 12.24% on 26/10/16. Any further reduction below 12% would have triggered a RNS and there isn't one so I cannot see how you can make that statement.

[lbo] 09/12/2016 16:02

Vision Capital have dumped their remaining stake and want nothing more to do with Elegant Hotels

[che7win] 09/12/2016 15:56

Boom! That chart looks interesting.

[spooky] 09/12/2016 15:53

Looks as though the rest of the stock overhang has traded.

[che7win] 02/12/2016 16:17

Nice to see EHG going from strength to strength, pound rocketing against dollar this past month.

EHG one of the highest yielders at 10%, lovely.

[che7win] 01/12/2016 18:53

Nice coup:

[che7win] 01/12/2016 14:08

I can't see the latest three posts on my mobile, I guess they must be positive, just like the share price:-)Pound strengthening.

[lbo] 29/11/2016 13:51

Would be reassuring to see Sunil and Simon buying some shares. In the IPO they reduced their holdings by up to half so it does not really inspire confidence that they are not purchasing more now. I presume Luke will be seeking Board representation also. The other question is if Vision Capital are still looking to offload their remaining 11m shares and is Luke biding his time until another profit warning to try and buy those shares even cheaper. He seems to be the only buyer around that Vision Capital can find for Elegant Hotels. But not even he wanted all the Vision Capital shares at 69p

[lbo] 27/11/2016 10:33

Seems Luke is well aware of the issues of running hotels longer term. Perhaps his "nimble" plan is take advantage of the debt to EBITDA situation and possible breach of banking covenants. Risk Capital can step in with some convertible loans and keep the company afloat. They can then later convert the debt to equity in a few years time at a much lower price and he can always hedge his personal position by lending his stock to Risk Capital and then with a short on the equity until then they end up owning the company on the cheap and just sell off the property or they could just reverse Neilson in at an inflated valuation. A company which I mentioned the other day and which is also mentioned in the article. Or he could just buy all the Vision Capital shares and make an outright takeover offer now for Elegant if it's so undervalued? Reading his article in the Times today sounds like the latter is not going to happen any time soon. You do have to love the highly regulated AIM casino market!!!

[nw99] 27/11/2016 08:53

Good article in today's Sunday Times about investing in hotels and especially this one

[lbo] 25/11/2016 15:25

I also see net debt to EBITDA is now forecast to hit 3.5 times after the second slashing of EBITDA forecasts in the current financial year.

[salchow] 25/11/2016 14:51

LBO - without even commenting on EHG it is not particularly surprising that someone should decide to invest £6.5M (I seem to recollect that was the figure) in a company's shares but decide that is quite enough and not double up and invest £13M!

I still don't get your specific interest in this company. Perhaps your doing a PhD on Barbados tourism!