Share Name Share Symbol Market Type Share ISIN Share Description
Elegant Hotels Group Plc LSE:EHG London Ordinary Share GB00BWXSNY91 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 110.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 48.22 8.14 8.21 13.1 101
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 110.00 GBX

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Date Time Title Posts
29/7/202009:19Elegant Hotels990
25/5/201822:43Q&A and Interview with Elegant Hotels Group 3
15/6/201707:44Elegant Hotels Group Plc 2x INTERVIEWS-

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Elegant Hotels Daily Update: Elegant Hotels Group Plc is listed in the Travel & Leisure sector of the London Stock Exchange with ticker EHG. The last closing price for Elegant Hotels was 110p.
Elegant Hotels Group Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 115p while the 1 year low share price is currently 68.50p.
There are currently 91,663,071 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Elegant Hotels Group Plc is £100,829,378.10.
lbo: Patisserie Valerie is 'saved' but more than face has been lost 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.
lbo: 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.
lbo: Has the share price not been falling for months? And today's trading statement is still only in line with the previous 30% downgrade to forecasts. The bottom line results may well be a different story when the rising costs/taxes eventually take effect. Add in Brexit and further GBP weakness also near term and Zeus forecasts assumed a GBP:USD rate of 1.35 vs the current spot rate which is below that
lbo: Luke is now a NED so he would have to make an RNS if he bought over 0.5% on his current shareholding and considering the CEO is saying they are in advanced negotiations on an acquisition then I also suspect Luke is restricted from buying. I still think some sort of discounted fundraising is going on and they needed to get and keep the share price up close to the old IPO price hoping to try get those original investors to subscribe. Problem is the dividend has been cut now and profits are way down since the IPO and I suspect if they do get a fundraising away it will be at or below the price Luke bought his shares off Vision Capital. That would also suit Luke if he wants also subscribe for more shares unless of course he is trying to sell/reverse something he already owns into Elegant that is.Suppose it all really depends on where the money they plan on raising is going. I do also suspect some funds may be needed urgently to refinance the bank debt and remove the risk of being seen to be breaching banking covenants with a Debt to EBITDA ratio at 4x.
salchow: I also got out at the opening for what was a good profit although seeing that the share price is currently holding up nicely at 86-90 that may not have been the best idea. However, for myself I do not consider a prospective dividend yield of 4.4% to be adequate when that itself could come under pressure. Longer term this is a promising investment. Barbados is a beautiful place to visit compared with most of the other islands in the area many of which are to me only worth a one day visit on a cruise. I think it will become more in demand in the future not less. I will continue to watch this particularly for director buys and I reserve my right to go back in again at any time!
bookwormrobert: Well, LBO, you were right to be skeptical about EHG maintaining its dividend. From me, thanks, because I'd probably have bought into this share without your posts here. I'll look at the company again (as a value play) once the share price has found a bottom. The 60s could tempt me.
mortimer7: Share price speaking for itself...
mortimer7: Share price looking good this week from opening at 84p on Monday, now at 90p.
stemis: Anyone who thinks LBO doesn't have a grudge against the company only has to read his contortions over the last couple of days. Everything is negative; the absence of a bid, then a bid, and then a rejected bid. If Elegant buy a hotel for a higher per room valuation than their current hotels, they've overpaid. If it's less, it means the value of their existing hotels has fallen. If the pound rises it's bad, if it falls it's bad. Company's don't approach others (at least not unless they are in financial trouble) offering to buy them at below their share price. Liberium is EHG's joint broker. Probably got a bit more inside knowledge/credibility than anonymous posters on Advfn. It's pretty clear that Melia took advantage of a low point in EHG's fortunes to make an opportunistic approach. They want it all not just a share holding so not going to be picking up minority holdings in the market. EHG, who despite LBO's previous claims, are not in financial trouble, wanted a full price. Result, no agreement.
trytotakeiteasy: LBO - I was thinking about this and is devaluation such a bad thing for Elegant Hotels??? They earn in foreign currency (US dollars or sterling) and their costs are in local currency. The asset value of the hotels would fall in sterling terms. However, maybe the hotels would be more valuable if profits increase and this would offset the devaluation. I think devaluation would be a major shock given how long the Barbadian dollar has been pegged to the US dollar. A risk for EHG is that its debt is in US dollars. But the profitability of the hotels would surely increase? I think the Barbadian government will do all it can to avoid a devaluation as it would most likely mean the government would collapse. Probably EHG's share price would fall in the short-term but long-term it could be positive. Any thoughts?
Elegant Hotels share price data is direct from the London Stock Exchange
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