Elegant Hotels Share Discussion Threads

[mister md] 12/10/2017 09:07

Good to see this recovering on positive update

[masurenguy] 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% !

[stemis] 12/10/2017 08:23

Good trading update; in line and current year has started well

[mortimer7] 10/10/2017 09:04

There was a trading update on 14th Oct last year & similarly around the same time in 2015.

[salchow] 09/10/2017 16:16

Geheimnhis2 - this is the problem with most artists. The earlier work is usually regarded as the best.

[geheimnis2] 09/10/2017 16:04

Phil Oakley is a decent analyst but i still prefer his earlier stuff with Human League

[mortimer7] 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.

[che7win] 09/10/2017 14:34

RNS - Close Asset Management move to over 5%

[salchow] 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.

[tricia51] 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.

[mortimer7] 06/10/2017 09:01

Yupawiese, thank you for posting that article. Excellent amount of detail and well balanced.

[lbo] 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.

[bookwormrobert] 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).

[boonkoh] 05/10/2017 14:14

Thanks for the post, yupawiese!

[yupawiese2010] 04/10/2017 18:39

Article from Phil Oakley.

[spob] 08/9/2017 19:14

Are u sure ?

Hurricane Jose also in the area now a cat 4

[boonkoh] 07/9/2017 00:24

Looks like Barbados and Antigua relatively unscathed from Irma. So limited bad news for Elegant.Maybe a silver lining as competing destinations need to rebuild over the next year or two their tourism infrastructure.

[lbo] 17/8/2017 14:33

And Sandals still reporting higher occupancy rates then Elegant hotels reporting.

[mortimer7] 17/7/2017 19:12

Divi safely received on Friday. 3rd session in a row today for share price moving upwards.

[mortimer7] 22/6/2017 14:15

Ex Divi today, 3.5pps. Share price still up 2.5p after deducting the divi.

[boonkoh] 16/6/2017 14:56

Keeps inching up, someone is hoovering up stock, but disciplined. I honestly think the discount to NAV is still too big, despite the negative headwinds here. I don't think the share price will ever go to NAV, but a good discount of 30-40% is a fair price, so I'm optimistic of a short term rerating to 110p and medium term to around 125p.

[bookwormrobert] 15/6/2017 21:43

FWIW, I'm still partially invested here because of Luke Johnson. But even he makes mistakes sometimes, and the hotel business is very unforgiving. As for the buying today, it's very strange, and makes me think a takeover is rumoured or in the offing.