Hotel Corp Share Discussion Threads

[bckttsim] 15/7/2014 07:21

Lone Star looking for longer term solutions.This process continues and Lonestar, the successful acquirer of a portfolio of over 30 smaller corporate loans from IBRC, continues to actively seek longer-term solutions for these companies. - See more at:

[123trev] 14/7/2014 19:26

Iceberg dead ahead captain treacle!

[the stigologist] 14/7/2014 18:31

reminds me of TVZ

the debt holders allowed it to drag on gave false hope to equity holders before pulling the plug

[the_beagle] 14/7/2014 14:27

BAM BAM...OK I'll alter that. At 31.12.2013 the company reported Net Assets of 1.26p per share. They also reported CASH of £600k, enough for say 3 years.

Lone Star have acquired the "banking facility" of Puma, not the hotels, although I accept they will have charges against the hotels themselves.

Puma have until the end of September to sort out their position.

Shore Capital bought and own 21.99% of HCP.

There are plenty of possibilities for enhancing shareholder funds and apart from the BOD blowing £600k at an IOM casino, there is no downside imo.

What actually have you got against the company BAM BAM?

[bckttsim] 14/7/2014 14:15

If lone star were just going to walk away with this group they would be doing it, not extending the terms.A deal is being done.

[bam bam rubble] 14/7/2014 14:11

At end of 2013, net cash was c.£0.6m. Estimated £0.4m balance by the end of 2014

That cash is being spent on ongoing liabilities; admin expense and listing costs

The hotel investment is fully owned by the bank with the equity having nil value

[bckttsim] 14/7/2014 14:03

Spot on beaglePuma ow HCP £2.8mil in bonds and divi,And then we have any value in the hotels themselves,They had £7.5 mil cash last accounts.They say they are doing even better now .All we have showing on share price at the moment is cash shell price.

[the_beagle] 14/7/2014 13:58

As I see it HCP has cash of about £1.2 million, annual burn of £200k, enough for 5/6 years continuity, and no liabilities.

If Puma is duff it has no claim on funds from HCP. If it has a net value then HCP is entitled to 49% of it.

It's a win only situation unless I'm missing something.

I'm only a small holder here but I'm tempted to become a bigger one.

Can anyone point out any error in my synopsis?

[bckttsim] 14/7/2014 13:41

Good news ?

[the stigologist] 14/7/2014 13:38

why no RNS about the 'big meeting'

bad news ?

[treacle32] 14/7/2014 13:36

Nice buy at 1.57p.

[nick rubens] 14/7/2014 11:23

The roof exit is coming at some point. lol A case of waiting and then enjoy.

[treacle32] 14/7/2014 09:47

Will today be the day we go through the roof?

[treacle32] 14/7/2014 09:27

Don't want buyers - looking good.

[treacle32] 13/7/2014 16:43

Should be an update this week.

Seems deal has been brokered with Lone Star but imo pay HCP out then most likely Lone Star will become 100% owner.

[123trev] 13/7/2014 00:00

Tadpole,aka dan should get his facts right and stop lists that are not accurate,as you know treacle I'm not stocko.

[the stigologist] 11/7/2014 19:13

why nothing from this much ballyhooed meeting then ?

[barnetpeter] 11/7/2014 17:07

This is back to its cash level again; its always going to be volatile. Give it a chance to do a deal! We are talking 21 hotels worth hundreds of millions and a company valued at cash. Any hint of a deal and you know it will fly.

[the stigologist] 11/7/2014 16:23

boo hoo

another Treacle loser

[treacle32] 11/7/2014 16:22

Mad sellers again at these levels when that price is cash in hand.

[the stigologist] 11/7/2014 16:19

looks like meeting was a damp squid