Elegant Hotels Share Discussion Threads

[lbo] 15/1/2019 08:17

Fundraising?"commence a refinancing exercise with a view to reducing the amortisation burden of the secured loans."

[lbo] 11/1/2019 10:12

https://www.thetimes.co.uk/article/luke-johnson-s-pledge-rings-hollow-n06r8vtx3

[cmackay] 31/12/2018 17:50

Lol salchow, live in the moment I say. My partner is going back on Thursday but I haven't booked a flight yet. I may or may not be at the cricket yet, I shall see how things pan out.

[salchow] 31/12/2018 16:11

"Anyone going to the cricket?"

LBO won't be going. Far to risky in Barbados with possible hurricanes, tropical diseases and flying cricket balls.

[cmackay] 31/12/2018 13:58

Anyone going to the cricket?

[mortimer7] 31/12/2018 12:02

England Cricket Tour of West Indies in January. Barbados.....
Warm Up – 15-18 Jan – 3Ws, Barbados (Not ticketed)
1st Test – 23-27 Jan – Kensington Oval, Bridgetown, Barbados.

[lbo] 12/12/2018 13:22

https://www.caribjournal.com/2018/12/11/the-bahamas-is-leading-the-caribbean-hotel-sector-right-now/The Bahamas' hotel market is surging - and vastly outperforming the rest of the region right now, according to data from analytics firm STR.In a sluggish month for hotels Caribbean-wide, The Bahamas was the only destination to experience a double-digit rise in occupancy last month.When looking at other islands' performance over the first 10 months of 2018, Barbados posted an occupancy level of 65.0 percent and an ADR level of US$277.

[lbo] 10/12/2018 10:44

Zeus forecasts assumed a GBP:USD rate of 1.35 vs the current spot rate which is well below that

[lbo] 29/11/2018 07:17

EHG has a term loan of over $65m with Scotia Bank due 2020https://www.barbadosadvocate.com/news/blow-region

[lbo] 28/11/2018 15:53

Why aren't the Directors buying?Gold Investors Target Executives With Less Skin in the Game https://www.bloomberg.com/news/articles/2018-11-27/coalition-of-gold-investors-says-exec-ownership-key-to-returns

[lbo] 21/11/2018 09:17

https://www.stlucianewsonline.com/sandals-continues-unprecedented-barbados-expansion/

[lbo] 01/11/2018 12:09

And glad we didn't listen to you about Airbnb not being competitionhttp://www.nationnews.com/nationnews/news/185715/airbnb

[salchow] 31/10/2018 18:36

Don't hold so only occasionally look on here but glad I filtered LBO!

[lbo] 26/10/2018 15:19

Chatrani was paid total $380,000 in 2016/17 and $342,000 in 2015/16 including bonuses and benefits and you think having only a 2% shareholding aligns interests with the others who own 98% and have seen their shares fall from £1 since IPO. Jeff Singleton got a $143k bonus last year "Both Sunil Chatrani and Jeff Singleton received a bonus equal to 15% of salary during the year for the achievement of certain Group targets. Jeff Singleton received an additional one-off bonus equal to 50% of his salary due to his joining arrangements on appointment to the Board. This bonus is payable in two equal instalments in January 2018 and January 2019"

[stemis] 26/10/2018 11:19

It might be if he had some 10's of thousand of shares in EHG but he has over £1m tied up in them (and his options are over 440k shares - less than a quarter of what he currently holds). He hasn't sold a single share since IPO. I don't think it's unreasonable that he released some capital on the IPO, especially when he retains such a significant stake in the success of the business. Even directors need some diversification of their net worth.

[lbo] 26/10/2018 10:46

Don't forget all the free options under the LTIP but very interesting he not buying more shares down here or at the very least buying back the ones he sold since the IPO at £1

[stemis] 26/10/2018 09:57

Chatrani had 2.47m shares before the IPO and now has 1.85m, so 75% of what he had before the IPO.

[lbo] 26/10/2018 09:09

A fraction of what he owned before the IPO

[stemis] 26/10/2018 08:56

CEO, Sunil Chatrani has 1.85m shares. That's £1.1m tied up in EHG stock. His salary is £230k. Plenty of skin in the game...

[lbo] 26/10/2018 07:09

Also If management believe the property valuation to be true then why are they not increasing their shareholding's significantly themselves? Fact is management reduced theirs shareholdings on IPO and even now with the share price below IPO they have not bought them all back or in fact many at all. Also if the valuation was correct then they should stop paying dividends immediately and start repurchasing shares on the open market as this would create a lot more shareholder value.

[edmondj] 26/10/2018 07:07

Scandals will manifest in all areas of business, probably more so AIM given it's relatively lightly regulated, however the crux is the 'bezzle' having risen late in the business cycle:

hxxps://moneyfyi.wordpress.com/2013/11/15/5358/

[lbo] 26/10/2018 07:00

Think you will find a lot more scandals on AIM then just Patisserie and especially when it comes to foreign companies that are listed on AIM which the FT refers to as 'a loosely regulated wild west of a market choc-a-bloc with ventures with short trading histories and shaky governance'https://www.ft.com/content/22de88f0-d2dc-11e8-a9f2-7574db66bcd5

[stemis] 25/10/2018 16:54

My interest is disclosed; I'm a holder. What is yours? You've posted the majority of posts on this board yet you claim to have no financial interest.

The difference between you and I is that I don't post hundreds and hundreds of (in your case negative) posts. I'm happy to engage in discussion but not on the basis that you can't trust professional valuations of the hotel because....look what happened to Pattiserie Valerie.

[lbo] 25/10/2018 16:08

Quid Pro QuoI wouldn't bother engaging with rampers like you. You have some sort of obvious affinity/vested interest in only talking up the company and shouting down anyone who points to the risks. Even if they discovered a hole in the accounts you would be claiming it would not be an issue as the Hotels still existed and were not depreciating assets which need massive Cap Ex and that their underlying values were fixed and not based on EBITDA and like the palm trees growing towards the Bajan skies their valuations were only going up! ROFLMAO

[lbo] 25/10/2018 15:28

https://barbadostoday.bb/2018/09/13/more-visitors-less-spending-continues/