Hotel Corp Share Discussion Threads

[hedgehog 100] 27/1/2016 12:40

At 0.725p mid HCP is now looking very oversold, and great value compared to the £2M. + fundraising just arranged at an equivalent of 1p (20p post-consolidation).

At this level the share will be trading at a big discount to cash after the fundraising, and operating in a defensive area of the property market that looks a nice haven in these uncertain times.


Cur Bid Offer High Low Open Volume Chg Time
0.725 0.65 0.8 0.725 0.725 0.725 500,000 12:10:00 PM

Sector Turnover (m) Profit (m) EPS - Basic PE ratio Mkt Cap (m)
TRAVEL & LEISURE 0.0 -0.1 -0.29 0.0 0.4

[rj allen] 19/1/2016 22:22

Open Offer.Massive dilution for existing shareholders. Believe it or not they have given the management contract to, guess who, Puma, the very same outfit that screwed up on the hotels. Not that this is actually mentioned in the circular to shareholders .Indeed they say-'Puma Investments, has a long and successful track record of investing in property and property-related schemes, dating back to the launch of Puma Property in 2002'

[nick rubens] 02/10/2015 08:34

Not looking good IMO. Another potentially duff property venture in the making. Lots of fund raising up to £3m plus to come.

I would rather they buy properties as shells and turn them into businesses, rather than buy (including good will premiums)someone's existing business who wants out.

[hedgehog 100] 29/9/2015 16:37

29/09/2015 16:22 UKREG Hotel Corp (The) PLC Half Yearly Report

"Interim results for the six month period ended 30 June 2015

... Results of the Company

Revenue for the period is stated at GBPnil (2014H1: GBPnil). After deducting administrative expenses, operating losses amounted to GBP0.1m (2014H1: GBP0.1m operating loss), resulting in a loss before tax of GBP0.1m (2014H1: GBP0.1m loss). No tax is payable for the year due to the zero income taxation provisions in the Isle of Man. Basic loss per share was (0.13p) (2014H1: loss per share (0.12p). (See Note 12 for further details of Events After the Balance Sheet Date).

The Company's net asset value ("NAV") per share as at 30 June 2015 is 0.84p (2014H1: 1.14p), with the Company continuing to value its investment in UK Group of Hotels plc ("UK Group of Hotels") (formerly Puma Hotels plc) at GBPnil (2014H1: GBPnil) as disclosed in note 7.

... The Events after Balance Sheet Date Note 12, expands on the new investment policy which the Board recommended to shareholders at the Extraordinary General Meeting ("EGM") on 16 September 2015 which was subsequently approved at that meeting. This new policy moves away from the investment in businesses in the hotel sector into the direct acquisition of purpose built properties in the social housing sector.

The Board will now use its best endeavours to raise any new funds necessary for this venture and are hopeful that the implementation of the new investment policy will have a positive outcome and therefore believe it is appropriate to prepare these financial statements on a Going Concern Basis. The proposal is at an early stage of development and no agreements are as yet in place regarding additional funding. ... "

[evil_doctor_facilier] 25/9/2015 16:57

anyone that voted for the management are now getting their just reward for such action.
Looks like Yeoman's and co have given up, this will sink lower.

[nick rubens] 22/9/2015 09:39

Nothing to look forward to here that I know of. If anyone tries to sell in bulk it will tank as mgmt. look set to implement their property purchase plan (care home type, as voted for in the egm) and huge fund raising will most likely ensue.

[mister md] 18/9/2015 08:48

same here. I had flashbacks of SouthernCross (SCHE) when I read about the planned investment, what a terrible outcome for shareholders on that one.
Perhaps the main reason for not enough votes was that most investors here have written it off, lost interest or both. Directors don't own any shares so it wasn't their holdings that determined the outcome...

I only have a small holding left in this one, so will probably hold on incase something happens rather than sell and invest elsewhere...

[nick rubens] 17/9/2015 15:52

Not looking good and I'm not a fan of the property plan. Unless some rebel action comes again soon, I'll lose interest.

[evil_doctor_facilier] 17/9/2015 12:22

i am not a buyer until Yeoman's position become clear, (I sold out 5 x 100k last week at 1.5p)
The risk reward here is fair value is approx .6p, but Yeoman's taking over the bod would see it at circa 2p.
If he starts buying again the share price could recover a tad, but he could wait for it to go near cash in hand value of .6p before buying any more???

[nick rubens] 17/9/2015 09:42

evil doc, I agree, I wouldn't participate in any fund raising with the current scenario. I don't think it's over yet and that it just needs a little more work from the Investors who called the EGM.

Just over half of the shareholders seemingly voted?

[evil_doctor_facilier] 17/9/2015 09:37

All very well people ventilating bizarre anti Winfrith rants here , even though HCP and Winfith are not connected, save his article in support of Yeoman.
However this is the upshot of voting for the management,a huge drop in the share price and a probable positioning of the share-price to actual cash in hand , as in .6p!

great victory folks-Well done!!

[evil_doctor_facilier] 17/9/2015 09:29

One thing for sure Nick, a property trust run by shore capital with assets of circa 300k is not going to be using that tax loss in a hurry is it now?

I thought the i.o.m tax position of the company had some value due to the double taxation rules, but totally worthless unless someone took them over.
So i would not value the tax position as worth anything personally.
Indeed, when being run as a 300k property fund by shore capital, what use is a tax loss/position?
What are they going to get for 3ook, a garden shed in croyden?

[nick rubens] 17/9/2015 09:10

The only attraction left in this company must be the 'losses' that can be utilised, otherwise anyone can set up a shell company with a little cash.

Only a very profitable company can make use of that.

It should really be valued on that, but If investors fear they will just be used to rack up further whopping losses then it's going to struggle.

It will need a takeover attempt unless more shareholders vote for the change of directors in future.

I'm surprised after what shareholders have lost here, but maybe many of the original shareholder losers have sold out anyway.

[evil_doctor_facilier] 17/9/2015 08:37

With shore capitals vote and their mates vote getting 35% would it be even worth Yeomans buying any more share in the market?
This looks like a hopeless position for Yeoman unless he does a tender offer for up to 29.9% of the shares at say 1.6p to gain control

unless something like that occurs this is going sub 1p.

[ten bag man] 16/9/2015 14:07

Not yet another wrong call from WINNIE.!!!!

[evil_doctor_facilier] 16/9/2015 13:46

I think most holders were looking for a clear takeover offer prior to this yeoman's resolution.
One thing it has actually brought to light is that is not going to happen.
This now looks both messy and uncertain and at today's price is akin to buying a property unit trust with assets at 300k and a unit price of .65p for 1.5p/ and valuing it at 700k.

massively overvalued!!

[clocktower] 16/9/2015 13:29

Evil Dr. It seems that Y & J are stuck with stock they have overpaid for and will be looking to unload as many as they can and cut their losses I would guess. So we can expect further falls and as you suggest dilution if you are correct.
Do you jump from the pot to frying pan, that was the choice.

[evil_doctor_facilier] 16/9/2015 13:11

Yes Nick,it very much looks like a case of shareholders Stockholm syndrome.
Reading the thread it is obvious that many don't understand that it was HCP investment in Shore capitals own investment and managed Dawney Shore Hotels (later changed its name to pumma) that wiped out totally HCP 33 mill investment .

Now the shareholders have voted to let shore capital invest their money again, well What's left of the 33 million quid that is , approx 340k.
Unbelievable!!!

With the existing bod and the hapless investment history i value this at cash
circa 340k and that is going down by the day fair value 0.6p_ giving it a market cap 340k
Lord knows what price Shore will try and raise capital at, for this property investment 'ha ha ha ha ha' .That should be funny to see.

The only thing that could support the share price now if is the very person that shareholders voted against starts increasing his stake.
If he sells out the share price will get obliterated!!

[nick rubens] 16/9/2015 12:38

I would have preferred Resolution 2 to have passed. It will be interesting to see what will happen next.

[evil_doctor_facilier] 16/9/2015 12:16

co has circa 340k left and now going back into partnership with very same people who wiped out the total value of the HCP assets.
Hard to see why the market cap is 800k. Cash call coming !
This could half very quickly!

[nick rubens] 16/9/2015 12:05

RNS...

The Company announces that at its General Meeting held earlier today, Resolution 1, put forward by the Board, was duly passed. Resolutions 2 and 3, put forward by Mr Yeoman and Mr Jackson (together the "Requisitioners"), were not passed.

Resolution 1, proposing that the Investing Policy be and is hereby adopted, received 18,267,222 votes in favour, with 8,735,906 against.



Resolution 2, proposing that Marcus Yeoman be appointed as a director of the Company, received 8,779,436 votes in favour, with 18,226,692 against.



The proposal of Resolution 3, remained conditional on the passing of Resolution 2, and so was not put forward for vote.

[clocktower] 11/9/2015 20:43

Today's news about Y & J not very promising for stakeholders here if they support them is it!

[riddlerone] 08/9/2015 14:04

Not him,spoke to him once,end of.