Elegant Hotels Share Discussion Threads

[che7win] 07/10/2016 13:47

LBO,
yes, agree, they have a sales office now in Florida which I think was generating decent sales. I think it's all in the price, maybe the hurricane is another short term factor here.

[lbo] 07/10/2016 13:21

Yeah agree but big uphill struggle when 70% of the Elegant Hotel bookings were coming from the UK

[che7win] 07/10/2016 12:04

EPS translation due to exchange rate will balance out some of the sterling weakness.

[lbo] 07/10/2016 11:47

Unlike Debt! Except when they start making their Capital repayments which I think is very soon and add in the fact it's dollar denominated and on a floating interest rate then the impending Fed rate rises and capital repayments also puts pressure on their cash flows at a time when revenues are falling due to external circumstances beyond their control

[sharw] 07/10/2016 11:26

Property value per share is greater than NAV and property value is only a guess as to how much someone else would be ready to pay for that property and like other marketplace things that can go down as well as up.

[lbo] 07/10/2016 11:03

But are the implied valuations not also based on cash flows? And if the cash flows from the hotels are falling due to Brexit and sterling collapsing and Zika then surely the valuations are also falling!? Also seems to be general worrys about Barbados and them needing an IMF bail out! Not sure Valuations will hold up if that happens. Debt has more than doubled over the past eight years, from 51.4 per cent of gross domestic product to 105.5 per cent at the close of the 2015-16 fiscal year. The International Monetary Fund (IMF) has warned that it could reach 114 per cent by 2020. When debentures held by the National Insurance Scheme are taken into the account, the debt is closer to 143 per cent of GDP.

[kev0856153] 07/10/2016 09:49

Implied NAV (post Waves acquisition) of 161 pence per share*

* Based on: valuations of the Group's properties, excluding Waves, as at 15 April 2015; the recent valuation of Waves; net debt as at 31 March 2016; and an exchange rate of £1.00:$1.42.

---

Now with £1.00:$1.245 then
implied NAV (post Waves acquisition) is over 180p!

[lbo] 05/10/2016 12:58

Not sure I would pay much attention to online reviews of hotels



Would be more worried about Zika and weak Sterling

[che7win] 01/10/2016 13:02

Nice refurbishment:

[che7win] 01/10/2016 12:16

In fact, all our hotels get high ratings:

[che7win] 01/10/2016 12:11

I must admit, reading these reviews about our newest hotel, I would love to go there for holiday soon, customers seem highly impressed:

[lbo] 07/9/2016 11:35

That's some PR marketing disaster to try and overcome! It's basically saying anyone who visits Barbados can have an asymptomatic STD???




"The advice applies even if a person has no symptoms.

It comes a few weeks after doctors discovered the virus in the sperm of an Italian man six months after he first had Zika symptoms.

Zika is spread in bodily fluids"

[sharw] 07/9/2016 09:47

...and now this:

[lbo] 07/9/2016 09:19

Yes but that was before Zika and Brexit caused bookings to fall and a profit warning. They are also due to start making capital repayments soon on their debt.

[che7win] 06/9/2016 10:33

Management committed to pay out 7p dividend here, IPO'ed at 100p.

[lbo] 06/9/2016 10:25

In that case there is similar upside and less risk in larger Hotel companies with greater geographical spread and less exposed to a single market like Barbados and Brexit and Zika like Elegant Hotels

[essential] 06/9/2016 09:42

Bought into these this morning - big upside potential as so far below NAV

[lbo] 06/9/2016 07:48

In that case a lot of listed Hotel companies are cheap

[nw99] 05/9/2016 19:41

Worth a lot more according the Sharewatch article

[che7win] 05/9/2016 10:34

If bought a couple more batches here this morning.