Inspiration Healthcare Share Discussion Threads

[jonno1] 07/1/2011 09:19

do you or have you bought any? cannot even buy 5000 online

[andrbea] 07/1/2011 07:58

the acid test is what happens to the share price after payment date...
does it half as well?... or does the City leave the share at full value (i.e. the divi came out of profits, not physical assets?)

[jonno1] 06/1/2011 11:51

no interest at all by the look of it , strange

[limousine] 06/1/2011 07:20

wow .......50% divi

India Hospitality Corp. (AIM: IHC) (the "Company" or "IHC") is pleased to announce a special interim dividend of US$0.42 per share. The dividend will be paid on or around 17 January 2011, the shares will be marked ex-dividend on 12 January 2011 and the record date will be 14 January 2011

[limousine] 29/12/2010 13:32

key points from interims

Total Operating Revenue of USD 20.37 million, an increase of 19.79% over the same period last year

As announced on 11 November 2010, IHC, its wholly-owned subsidiary IHC Mauritius, Skygourmet and Gate Group entered into a share purchase agreement, pursuant to which IHC and IHC Mauritius sold 74% of the shares in Skygourmet to Gate Group (the "Sale"). The consideration for the Sale was USD 39 million in cash, subject to post-completion adjustment to take account of any movement in the net debt of Skygourmet between 30 September 2010 and 31 October 2010. This post-completion adjustment is currently being finalised. IHC Mauritius also received USD 1.5 million in connection with the sale of certain land in Delhi owned by Skygourmet

The proceeds of the Sale will be used by IHC to continue to develop its hospitality and restaurant businesses and to pay a special interim divided which is currently being considered by the Board. Further announcements as regards this will be made by the Company in due course.


During the period the Company has also increased the number of pastry shops under the brand 'Birdy's" to 33. The partnership agreement, through its Indian subsidiary (Gordon House Estates Pvt. Ltd), with Entertainment World Developers Pvt. Ltd ("EWDPL") to manage its 10 hotels, which was put on hold due to funding constraints, is proposed to be revived.

The Directors remain optimistic about the growth of the hospitality sector in India and remain positive about the long term outlook of the Company.

[andrbea] 22/11/2010 07:56

India Hospitality Group, which raised $103m by listing on London's junior stock market in 2006 but is now worth only $20m, approached at least one other bidder about teaming up before dropping out of the auction.

[andrbea] 19/11/2010 09:39

The auction of restaurant chain Wagamama is also entering its final stages. Investcorp, a Gulf-based buyout group, Morgan Stanley Private Equity and India Hospitality Corp have all expressed an interest in buying the business.

[andrbea] 17/11/2010 15:13

Nov 12

The deal comes on the backdrop of recent media reports that IHC is close to acquiring world's largest noodle bar chain Wagamama for $400 million.

[andrbea] 17/11/2010 13:16

DOW JONES NEWSWIRES LONDON (Dow Jones)--Second bids for U.K.-based Wagamama, the Japanese-style noodle bar chain owned by Lion Capital, are due by the end of the week, people familiar with the situation said Tuesday.

The auction is being run by Rothschild and is expected to garner bids of up to GBP260 million, according to press reports.

India Hospitality Corp. (IHC.LN), Investcorp (INVORP.BH) and Morgan Stanley's (MS) private equity arm are among the potential buyers, people said.

Wagamama, which uses a simple canteen-style format for its restaurants, was founded in 1992 in London by restaurateur Alan Yau, who also owns restaurants Hakkasan and Yauatcha. Wagamama now operates 66 restaurants in the U.K. and 39 overseas.

Lion Capital bought Wagamama for GBP103 million in June 2005 from Graphite Capital, which retains a 12% stake.

[andrbea] 17/11/2010 12:39

Tx Limousine

why are they daring to participate in a bidding war (when they can only do a placing to generate funds), and up against Morgan-Stanley private wing (who have the dosh no doubt)

How can they hope to win? Their food industry history perhaps.

[limousine] 17/11/2010 12:34

Good rise today, dont think IHC would be undervaled by 12 times, they would need to find the £200 to pay for deal probalby through equity placing
As it stands at the moment the sale of Sky gourmet makes IHC have more cash than market cap

[andrbea] 17/11/2010 10:47

up 13% today

[andrbea] 16/11/2010 08:49

punt in ihc chaps? (up 3%)

India Hospitality in race to acquire Wagamama: report
Nov 03, 2010

The report stated that the deal, likely to close by the end of this month, will be funded through internal accruals, fresh capital to be raised through equity issue.

Indian hotel and restaurant company India Hospitality Corp is in race to acquire the noodle bar chain, Wagamama , for about Rs. 18bn, according to a report.

The report stated that the deal, likely to close by the end of this month, will be funded through internal accruals, fresh capital to be raised through equity issue.

There are reports that there are also otehr biiders Morgan Stanley's private equity wing and Bahrain-based Investcorp to acquire Wagamama .



Wagamama, the fast casual noodle chain, has said it believes there is scope for 650 managed sites in the US.



Wagamama, the fast casual noodle bar chain, is to open a new restaurant in Edinburgh, its fourth site in Scotland.

[andrbea] 15/11/2010 07:49

good find Limousine:

ihc is blue (pre-market) today:

One person close to the Mumbai-based group said: "The opportunity to expand Wagamama's business in Asia, and in particular India, is massive for IHC.

"IHC is also a better fit to acquire a food chain as it has always been in the hospitality business."

Wagamama already owns three restaurants in the US and has plans to triple that number in the next three years.

[limousine] 12/11/2010 13:56

INDIAN FIRM TARGETS WAGAMAMA

MUMBAI: India Hospitality Corporation, the leisure firm, has signalled its intention to bid for the fast-growing Wagamama noodles chain, in a sign of the rising international strength of brand owners based in India.

IHC, which faces competition for the acquisition, said it is prepared to pay at least $400m (€283m; £246m) for the firm, the Financial Times reports.

Analysts believe that Wagamama - an award-winning chain of pan-Asian noodle restaurants first launched in London - would be a good fit with the country's ongoing development of smart shopping malls.

It also reflects the rapid urbanisation of large swathes of the Indian population, triggered by the migration of thousands of traditional rural-dwellers to big cities such as New Delhi, Chennai and Mumbai.

The purchase of Wagamama, which is already established, mostly in the form of franchises, in 16 international markets including Turkey, Egypt and Kuwait, could be an important step for IHC.

Its ceo, Ravi Deol, an Indian entrepreneur who owns three hotels, an airline catering operation and a collection of restaurant brands, has made no secret of his expansion ambitions in the latter industry.

One person close to the Mumbai-based group said: "The opportunity to expand Wagamama's business in Asia, and in particular India, is massive for IHC.

"IHC is also a better fit to acquire a food chain as it has always been in the hospitality business."

Wagamama already owns three restaurants in the US and has plans to triple that number in the next three years.


Data sourced from Financial Times; additional content by Warc staff, 08 November 2010

[limousine] 12/11/2010 13:48

Sat, Oct 30 08:26 PM
London, Oct 30 (PTI) A leading Indian leisure group, India Hospitality Corporation, is bidding to takeover noodle bar chain Wagamama. The India hospitality Corporation (IHC), a company with restaurant hotel and catering interests across India, is understood to be one of three bidders still in the hunt to buy Wagamama, alongside Morgan Stanley''s private equity unit and Investcorp, the Middle-eastern buyout group.

Although Morgan Stanley is being tipped as the front runner in the auction which is being handled by Rothschild, analysts pointed out that recent deals in the restaurant sector had largely been completed by buyers from outside the traditional private equity world. IHC, which raised $103 million (64 million) when it floated on AIM, a sub-market of the London Stock Exchange in 2006, owns SkyGourmet Catering, an airline caterer with 1,700 employees operating from five locations in India.

Since 2007, it has owned Gordon House Hotels and Mars Restaurants, a multi brand operator with concepts including China Joe, All Stir Fry, Birdy''s Bakery and Patisserie and Tendulkar''s.

[limousine] 12/11/2010 13:42

Cant reg to see whole article but headline looks interesting.

[limousine] 11/11/2010 16:37

Deutsche Française Hindi　

ZURICH, Nov. 11, 2010 – Gate Gourmet, a member of gategroup, today announced a joint venture agreement with India Hospitality Corp. (IHC) to acquire a majority interest in Skygourmet, the leading airline caterer in India with a presence in seven major cities. For gategroup, this transaction is a major move into the Asian market and a strategic breakthrough into the world's second-fastest growing economy where airline traffic recently has been increasing at an average of about 20 percent.

The transaction closed today and is not subject to any further regulatory or shareholder approvals. gategroup has acquired a 74 percent interest in Skygourmet and the consideration is a combination of cash and assumption of debt. IHC, the parent company of Skygourmet, will retain a 26 percent interest. Further details remain confidential.

"India's vibrant economy and its surging airline industry offer an excellent opportunity," said gategroup CEO Guy Dubois. "The Skygourmet acquisition fits perfectly with our growth strategy and with our objective to add to shareholder value by increasing gategroup's presence in emerging markets. We're confident this addition will grow our top line and improve profit margins," he said.

"India is a greenfield expansion opportunity for gategroup, and we are pleased that IHC retains an interest in Skygourmet to help us adapt to this vibrant market," Dubois added.

Ravi Deol, IHC Managing Director and Chief Executive Officer, said: "It is a win-win situation for both companies. This partnership with a category leader will combine Skygourmet's leadership and knowledge of the Indian market with Gate Gourmet's global best practices. We are confident the combination will create significant value for the shareholders and provide superior service to customers. IHC remains committed to the Indian market and will continue its focus on developing consumer opportunities."

[limousine] 11/11/2010 13:47

The consideration for the Sale is USD39 million in cash.........after deal IHC will have more cash than Maket Cap(21m usd) so company value is about - 18m usd

[andrbea] 11/11/2010 13:22

up 12% now on low volume trade

makes U wonder how fast it would rise if the herd arrived .. :-)

[limousine] 11/11/2010 08:56

very suprised todays news has no effect on share price positive or negative..........not even a blip , makes you wonder.

[limousine] 11/11/2010 08:13

I reckon this will provide the funds for the deal with EWDPL that was put on hold,

[limousine] 11/11/2010 08:07

London - 11 November 2010 - IHC is pleased to announce that it has today entered into an agreement with Gategroup Investments Singapore Pte Ltd ("Gategroup"), a wholly owned subsidiary of gategroup Holding AG, in relation to its wholly-owned airline catering company Skygourmet Catering Private Limited ("Sky"). As part of this agreement, IHC has sold 74 per cent. of its interest in Sky to Gategroup (the "Sale") and has also entered into a put and call arrangement with Gategroup in respect of its remaining shares in Sky. The transaction implies an enterprise value for the whole of Sky of approximately USD92 million.



Transaction details



Partial exit from Skygourmet



IHC, its wholly-owned subsidiary IHC Mauritius ("IHC Mauritius"), Sky and Gategroup have entered into a share purchase agreement pursuant to which IHC and IHC Mauritius have sold 74 per cent. of the shares in Sky to Gategroup (the "SPA").



The consideration for the Sale is USD39 million in cash, subject to post-completion adjustment to take account of any movement in the net debt of Sky between 30 September 2010 and 31 October 2010. IHC Mauritius is also entitled to receive an additional payment equal to any amounts received by Sky (net of expenses) in connection with the sale of certain land in Delhi owned by Sky.



USD4.85 million of the consideration for the Sale is to be paid by Gategroup into an escrow account to be held by Deutsche Bank until 10 November 2013 to meet potential claims under the SPA.

[limousine] 24/9/2010 16:16

i would think results may be due next week...along with the start of the games the following....must be extra flights when these are ongoing, hpe the inflight meals are up to standard.