Inspiration Healthcare Share Discussion Threads

[andrbea] 24/3/2009 09:07

up 21%
a green tick at last!

2 of their companies do terresterial and airline catering

Domestic market must still be intact
Mumbai terror shock pulled it back (less international tourists/bookings for hotel rooms), but the domestic market must still be there

Indigenous people still using planes, airline catering & hotels/restaurants...

[andrbea] 23/3/2009 11:31

see 'new projects'

[andrbea] 18/3/2009 09:20

this has a mkt cap of 1.74m = USD 2.36m

in last half-yearly report:
Cash & cash equivalants: 18,102,932 USD

so even if the business is worth nothing, what's it doing at these low levels?

[andrbea] 17/3/2009 13:17

Feb 5 2009

The company's CEO Ravi Deol is also said to be looking at possibilty of a management buyout. The report adds that private equity funds like Actis, Standard Chartered PE have been approached. But Deol has been quoted as saying that the plans of a management buyout are "completely baseless." The company has appointed an investment banker to raise $60 million for expanding its hotel and restaurant operations.

According to IHC's recent filings with AIM, the blank check firm has recently raised $4 million in debt from State Bank of India to expand the airline catering business of SkyGourmet. The filing adds that IHC is aggressively working towards signing hotel management contracts in the largest cities in India.

IHC has appointed Ravi Deol, who was part of the founding team at cafe chain Barista, as the it's new CEO, replacing the interim CEO Richard Foyston. IHC also got a new COO, Sandeep Vyas, who was working with Yum! Brands International's Pizza Hut. IHC
recently announced a loss attributable to shareholders of $5.44 million or $0.20 per share for year 2008.

[vision88] 09/3/2009 22:45

only for the brave

[limousine] 23/2/2009 08:32

litte rise today

[limousine] 15/2/2009 09:20

The sky's the limit for these once the commonwealth games arrive at India in 2010.

[6214baz] 13/2/2009 23:13

LOL LOL LOL yes they call it the china crisis oh dear...

[limousine] 13/2/2009 08:44

Down a little today then.

[limousine] 12/2/2009 10:26

India Hospitality Corporation's mission is to acquire and successfully operate Indian businesses or assets in the hospitality, leisure, tourism, travel and related industries, including but not limited to hotels, resorts, timeshares, serviced apartments and restaurants.

In August 2006, India Hospitality Corp. raised US $103 million in an IPO and private placement and is listed on AIM, a market operated by London Stock Exchange plc, under the ticker IHC. In July 2007, IHC closed on the acquisition from Navis Capital Partners and its Affiliates of India-based Mars Restaurants Private Limited, an emerging hotel and restaurant company, and SkyGourmet Catering Private Limited, an airline catering company with 1,700 employees operating out of four locations in India.

In December 2007, in order to fund strategic growth initiatives, Hayground Cove and Navis Capital jointly invested US $28 million of additional capital in IHC, bringing their total invested capital to US $56 million. Following such reinvestment, Hayground Cove and Navis own approximately 54% of India Hospitality


London - January 22, 2009 - India Hospitality Corp. (LSE: IHC, IHC or India Hospitality) today announced that one of India's leading banks, State Bank of India, has increased its existing credit line to the company by approximately $4 million to help fund the company's strategic expansion plans for its air catering business.

The management at IHC is also in advanced discussions with several institutional investors to raise additional funds for the company to be deployed towards certain growth initiatives of its hotel management and restaurant businesses, although there can be no guarantee that such discussions will ultimately lead to further funding being made available.

"We believe additional capital will allow us to leverage the growth opportunities that exist across the air catering, hotel management and restaurant business in India," said Chief Executive Officer Ravi Deol. "IHC has a scalable business model with inherent synergies across the businesses. Despite the recent market slowdown, we believe significant opportunities exist today that should provide long-term value to IHC."

As part of its growth strategy, IHC's Indian subsidiary Mars Hotel and Restaurant Pvt. Ltd. (which owns and operates Gordon House Hotels, an emerging four-star boutique hotel brand) continues to aggressively work towards signing hotel management contracts in the largest cities in India. The company is also preparing a rollout plan for the potential expansion of its branded food retail business