Elegant Hotels Share Discussion Threads

[boonkoh] 21/3/2019 11:42

Seems like a seller drip feeding orders through last few days and today. Hopefully won't cause the price to drop below 70p.

[shauney2] 20/3/2019 09:43

Good to see Prince Charles promoting Barbados.

htps://www.tmz.com/2019/03/19/prince-charles-camilla-beach-barbados/

I wonder if his dad will pick him up from the airport?

[cmackay] 06/3/2019 08:14

Dividend paid on Friday, mine will be reinvested and held tightly.

[lbo] 16/2/2019 05:32

The SEC letter was not posted before.

[shauney2] 15/2/2019 15:28

Do you realise you posted those links previously.Are you going to the AGM LBO? Perhaps you would pick up some fresh information or at least get a selfie with LJ and post it here.

[lbo] 15/2/2019 12:32

This was before the Patisserie Scandal became publichttps://www.telegraph.co.uk/business/2018/02/17/iss-urges-johnson-check-elegant-hotels-board/https://www.sec.gov/comments/4-725/4725-4333529-173235.pdf

[lbo] 15/2/2019 12:25

And you do realise their is an upcoming Elegant Hotels AGM?The Annual General Meeting will be held at the offices of Macfarlanes LLP at 20 Cursitor Street, London, EC4A 1LT on 26 February 2019 at 11:00 a.m.https://www.thisismoney.co.uk/money/markets/article-6635595/Patisserie-Valerie-chairman-Luke-Johnson-hotels-row.htmlPatisserie Valerie chairman Luke Johnson in another City spat after Glass Lewis warns Elegant Hotels investors to 'be concerned'

[shauney2] 15/2/2019 10:42

You do realise there is a CAKE thread?

[lbo] 15/2/2019 08:34

Patisserie Valerie is 'saved' but more than face has been losthttps://www.ft.com/content/b2bfc9b6-3065-11e9-8744-e7016697f225But many of the saccharine accounts of what had been saved ignored how much had been lost.Some 900 jobs have gone since the business first reported accounting irregularities and suspected fraud in October last year.As many as 71 stores have been closed, leaving landlords unpaid, in the intervening months.Up to £40m remains unaccounted for - literally - since £30m net cash on the balance sheet was found to be £10m of overdrafts.Dividends of £9.9m were paid out of the business between late 2015 and mid-2018, very likely without the earnings to justify them.Share options totalling £4.7m were exercised by senior managers based on misstated financial performance.And £450m of shareholder value - based on Patisserie Holdings' peak share price - has been destroyed, for all Mr Mumford's pleasantries.Of course, not everyone has lost out entirely. Mr Johnson's remaining equity holding may be worthless but an FT analysis suggests he made £20m in share sales and dividends over the past 12 years. He cannot be expected to have spotted any complex fraud. But, as executive chairman, he should shoulder some blame for a culture in which it is suspected the books were cooked, out of either fear or greed. Patisserie Valerie may go on selling "celebration cakes" for £30 or more - just don't expect shareholders to be queueing up for one.

[edmondj] 15/2/2019 07:44

hxxp://www.cityam.com/273274/luke-johnson-see-his-reputation-recover

[lbo] 14/2/2019 06:36

You could also ask the same question about Luke and how he did not see the issues in Patisserie. Or Luke and his support for Brexit which has had a clear negative effect on Sterling and Elegant Hotels.https://www.thisismoney.co.uk/money/markets/article-6298703/Why-didnt-charge-Patisserie-Valerie-sinking.htmlhttps://www.verdict.co.uk/these-ceos-supported-the-leave-campagin/

[cmackay] 12/2/2019 20:58

Richard Branson is a shrewd businessman. If he is so concerned about a 'hard Brexit' then why invest in Barbados right now?

[boonkoh] 12/2/2019 17:31

Luke Johnson selling out to fund his Patisserie losses?

[shauney2] 12/2/2019 11:42

Highest volume day for a year.

[lbo] 12/2/2019 10:32

GBP/USD still falling and a hard Brexit has to be a worry for EHGhttps://www.independent.co.uk/travel/news-and-advice/richard-branson-barbados-brexit-virgin-holidays-pound-sterling-fall-departure-beach-a8677626.html

[lbo] 12/2/2019 10:30

https://www.caribbeannewsnow.com/2019/02/11/commentary-tourism-matters-improved-value-for-money-is-not-a-fanciful-concept/It is obvious, that many cherished returnees increasingly feel that we are rapidly losing perceived or actual value-for-money and that they can obtain far more for their dollar or pound elsewhere.A family of four will be paying somewhere upwards of US$400 or £320 more this year for an identical holiday they experienced last year and this is before you even take into account any increases in the flight segment cost or checked bag charges on airfares.Perhaps, there is less price hike resistance in the peak winter months, but as soon as Easter passes, many of our hotels and other lodging options will collectively have hundreds of empty rooms.The worst case scenario is to have another extended hot summer in our main source markets this year to dampen demand.Improved value-for-money is not a fanciful concept. It should be an absolute prerequisite objective goal to use as a powerful marketing tool during 2019, if we have any hope of increasing not just arrivals, but average spend.

[lbo] 10/2/2019 14:30

https://www.thisismoney.co.uk/money/markets/article-6686805/Patisserie-Valerie-collapse-takes-Johnson-deal-buy-trendy-restaurant-Polpo-menu.html

[cmackay] 07/2/2019 18:18

LBO, I really do appreciate your articles as many of them are quite helpful for my own business development. A happy unintended consequence. Thank you.

[lbo] 07/2/2019 10:27

https://www.barbadosadvocate.com/columns/view-europe-tourism-should-not-be-taken-granted

[lbo] 06/2/2019 14:15

Management would rather free shares then buy shares at this level which says a lot about how sure they are about future performance

[shauney2] 06/2/2019 13:59

The vesting date of the Options will be the third anniversary of the date of award, subject to the satisfaction of the performance criteria measured over a three-year performance period. The performance criteria required for the Options to become exercisable have been set by the Remuneration Committee and are based on a combination of total shareholder return and earnings growth targets. The Ordinary Shares received on the exercise of the Options will be subject to a post-vesting holding period of twelve months from the vesting date

"total shareholder return" If that is based on the listing price they have a lot of work to do to recieve them in full.

[lbo] 06/2/2019 12:28

Explains why the directors don't buy shares!

[lbo] 05/2/2019 14:56

UK pound slips back below $1.30