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Started: buysellfredmcfc, 26 May 2015 09:05
Last post: buysellfredmcfc, 30 Dec 2022 18:42
third....and no vascular here !!!!
Nice one !!
Started: as1983, 29 Oct 2019 09:58
Last post: Augustus_, 17 Nov 2019 07:21
Personally, I sold out the morning of the RNS. My rationale was that I was willing to forsake the penny underneath the offer price that I received in order to realise my substantial profit (albeit on a modest holding) and top up some other holdings that I believe are due positive news. Incidentally, I have held PHD, which is a company going through a bid situation, although no formal offer has been made public. This has been a process of a few months, so this has possibly influenced my decision to realise profit here as soon as available. However, it may well transpire that a second offer is forthcoming, and a greater price becomes available for anyone still holding. In that case, I would have sold too early, but as I have a business in Barbados that is aimed at tourists, I would welcome the further reassurance of confidence in the industry. No advice intended, and good luck to anyone holding
has anyone sold out yet? I am undecided as to whether to wait for the completion or to simply get out now. Bird in the hand and all that... I was waiting for the offer timetable to make a decision but this seems to be taking sometime. The only upside seems to be another bidder coming out of the woodwork but not sure how likely this is.
Started: dusty42, 6 Nov 2019 17:54
Last post: dusty42, 6 Nov 2019 17:54
So what happens now?(sorry for my ignorance) I only have a few shares here, but will have done alright out of this. When is the deal likely to complete? Is it fairly likely it will complete? What do I need to do, just wait and at some point the ehg shares will disappear from my account and cash will be there instead?
Started: CJ66, 8 May 2019 14:24
Last post: CJ66, 8 May 2019 14:24
Yes, steady and dull; just what I like to see. I agree with your thoughts on the NAV, this is more dependent on market trends, as 'heads on beds' is the name of the game. No good having prime real estate if you can't fill it up. As such, a certain level of expenditure is required on keeping assets attractive and functioning. Thankfully there is a very low hurricane risk due to geographic position of Barbados. I think.the last 2 years have been weathered very well by ehg and Barbados tourism in general. With a current push by their government to nurture small business enterprise, this can only improve the island atmosphere for tourism.
Seems borne out Augustus,
nothing exciting, but a good steady performance with a decent (and now realistic) dividend for the share price..
I'm not convinced the NAV will add much - it may well always trade like this (as does say PPH), it's fairly theoretical and is often a hungry consumer of money if your assets get tired and old, whatever the property value + however justified or not will carry a 'foreign' risk.
Started: as1983, 15 Jan 2019 10:53
Last post: as1983, 15 Jan 2019 10:53
As1983 I also added today on good results. I know that the island has its majority of tourism come from UK. Sterling weakness will have an impact, that is a fair point. But a lot of the UK tourism comes from very wealthy individuals, the kind of people that will hedge currency weakness. So it won't be as hard hit as a more working class destination would be in times of economic difficulty.
Good results and decent dividend again. Still think the upside here remains the NAV which is >150p per share. Took opportunity to top up some more. My concern around UK travellers seems more than offset by increase in US visitors.
GL all invested here
Started: Funki, 17 Oct 2018 15:16
Last post: Funki, 21 Nov 2018 08:25
Funki, I have no interest in where you have been invited. It's a logical fallacy to imply that it adds credence to your perception. I live and work in Barbados for much of the year. I will acknowledge that tourism has been slow of late. That's as far as I would go on the matter.
Augustus - if I write something, it’s because I believe it to be true, based on fact, based on experiencing the said situation personally. You’re calling me a liar if you flatly say what I reported as being “not true”. I am one of a number of people lucky enough to have been invited to the Prime Ministers residence in recognition of the number of times I visit the island (x25 for afternoon tea, 50+ for dinner) and what I stated here on this bulletin board is what I stated there. Maybe you should speak with the minister of tourism about the subject like I did?
Funki, to describe Barbados as deserted outside of peak time is disingenuous. I have spent a substantial amount of 'off-peak' time there and what you say is not true.
There are tourist numbers produced, they highlight the number of visitors arriving each year and breakdown by nationality. They do not include anyone arriving via cruise ship as the figures are calculated on arrivals at the airport. While these figures would not relate to any hotel stays, it should be noted that there is a contribution to.the economy from such arrivals. It's a Google search away.
The majority of the property portfolio is in Barbados, they have one property in st.Lucia and one in Antigua. They have bought up prime real estate on the West coast of Barbados and that will stand them in good stead in the medium long term. They are however, facing increased completion from Sandals who are developing their second resort on the island, that will put pressure on Elegant to “up their game” and make significant investment in their somewhat “tired” hotels. This company has no existential threats in my opinion, they will just have to lay out considerable sums to futureproof their standing on the island. This may impact the current and future yield, and provide a drag on the share price. All in all though, I’d say any money invested in here is safe. There’s always the possibility of a takeover, but I believe the owners are in it for the long haul and would reject any approach. Ps, currently sat at the bar in one of their hotels enjoying paradise personified.
Started: skid35, 10 Oct 2018 20:17
Last post: skid35, 10 Oct 2018 20:17
I might have to sell a few shares to cover losses elsewhere. Luke
Started: amuhith, 28 Aug 2018 20:17
Last post: as1983, 28 Aug 2018 22:37
Main tourism in BBD is UK, Canada and USA. It's a place where the rich and super rich spend winter. As such, it's hedged against currency weakness to.an extent, because the usual demographic are not as affected by such things. Not to say it won't impact, but it won't be impacted as much as, for instance, Spain or Portugal.
I am a holder here and not sure why it is continuing to fall. I guess i need to do some more research but my concern is that the dollar is putting brits off what are reasonably pricey holidays (also good summer in UK may have impacted). May not have anything to do with it if most customers are from the states but i am not sure where customers come from. Agree NAV here is main reason to keep faith, dividend also good, was cut last year to help fund capex which in my mind is short term pain for long term gain. If it dips under 70 will consider adding
My purchase of 2500 is shown as sale. Good for me. If it comes down to 68 will add. Can anyone explain why it keeps going down?
Started: Bazzaman, 23 May 2018 21:23
Last post: Bazzaman, 23 May 2018 21:23
Started: Augustus_, 11 May 2018 08:10
Last post: Augustus_, 11 May 2018 08:10
Barbados will hold its general election in a couple of weeks, hopefully we will get a competent government to reverse the years of damage done by the clowns in power.
Started: SeanDevlin, 15 Jan 2018 12:44
Last post: SeanDevlin, 15 Jan 2018 12:44
Simon Thompson sees 'potential upside' and takeover possibility. Posted online today.
Last post: skippy999, 12 Jan 2018 11:36
The volume of buys is not reflected in the transaction list - I know they do not know when they are buys and sells at times, but the volume is BIG and they look like buys to me at 90p. Views?
Started: DGaimer, 10 Jan 2018 14:51
Last post: DGaimer, 10 Jan 2018 14:51
Elegant Hotels gets the thumbs up from Mr Bearbull in IC magazine & also from me despite latest results
See the results are on EHG website - no RNS here for some reason. Mixed results i would say and dividend expectation reduced to 4p for next year to support capex. Looks in general like the worse exchange rate for UK travellers has hurt them, but they are moving to attract more US visits. I think the dividend cut is actually good news, as will be more sustainable and should result in capex without more debt allowing capital gains. NAV remains at 163p so still value to be had in my view. Will look to add if it drifts down to low 80s
Interesting RNS re Melia approach. I am surprised share price didn't spike a bit on Friday (or did i miss it?) - from a quick google looks like approach was at 110p and has been rejected. I agree given NAV here but usually market would have reacted to re-price this a bit more and could there be further offer / negotiations?? Regardless happy sitting here with a significantly higher NAV than Market Cap, healthy dividend and potential takeover speculation
Started: Tomohawk, 12 Oct 2017 10:41
Last post: Tomohawk, 12 Oct 2017 10:41
Yes, the yield is excellent but is that the pay off for being in the hurricane zone. You only have to look how many near misses Barbados has got away with over the last 50-60 years. One day its luck will run out. That 8% yield will shrink pretty fast when its properties are shut for repairs coming up to the crucial winter trading period. I stayed at The House 3 years ago, although the rooms were nice all the public areas especially around the pool were very tired, perhaps they�ve had a makeover since? Daphne�s is overrated and overpriced but then again most Barbadian restaurants are the same.
No problems here. GLA
Started: Bazzaman, 10 Oct 2017 11:44
Last post: as1983, 10 Oct 2017 14:13
Always worries me when we see drops of this size with no news... always think someone knows something. But in the absence of any news certainly looks good for a top up. Comfortably in excess of 8% yield is nice too!
Dropping on no news. Barbados seems fine. Opportunity for top up?
Started: DGaimer, 3 Oct 2017 16:53
Last post: DGaimer, 3 Oct 2017 16:53
This share is one that flies completely under the radar for most private investors. A broker who I even spoke to said the high dividend yield put people off as it was 'to good to be true'. The dividend is covered at least more than 1.5 times paying roughly 8% (10% and higher if you got in a while or go!). Company growing even against backdrop of lower pound. I actually think the company will surprise a lot of people in the coming years once the revenue of new hotels/restaurants comes into play. I also like the fact the company has diversified into different locations making sure they try to pick a further piece of the growing Caribbean tourism trade. Really looking forward to watching this in the coming months/years. DG
Started: skippy999, 8 Sep 2017 17:41
Last post: skippy999, 8 Sep 2017 17:41
Seems that B'dos is Ok, and apart from a 16 surfer dying trying to ride a hurricane induced wave, all else is good. So why a 3% drop today? Seems to me to be a good time to op up even with £1=$1.31. GLA
Bought a holding. Looking to add more as funds become available. After a lot of research I believe this is lowering in risk and I'm very confident for the future growth; the team looks experienced and not to mention Luke Johnson joining the board. Management Contracts seem attractive to me despite no asset value as earnings per share will increase. Marketing advances will diversify clientele nationality and the hotels themselves seem to be run fantastically; especially now with Luke onboard who can improve profitability in the food & beverage sector. There's a lot more I could say about this one but over the next couple of years, i'm really bullish. Can't complain with the dividend either; although i reckon the divi itself is scaring a few people off bc it looks to good to be true! Will see good growth in FY 17 and beyond. GL all, tealo.
Started: tealo, 2 Sep 2017 16:16
Last post: tealo, 2 Sep 2017 16:16
NAV still below Market Cap. Quality/Service of hotels seems superb. I'm only 19 and even I can see that! Growth Prospects look strong and can always diversify from UK market clientele without too much struggle due to the great product the company provides in hotels + service. Will definitely be investing here within the next couple of months. Only slight concern is sheer exposure on just the one island of Barbados - in the event of a hurricane etc. Seems like a great long gamer this one. tealo.
Started: Bazzaman, 16 Jul 2017 21:31
Last post: Bazzaman, 16 Jul 2017 21:31
Update from June 2017. https://www.***************************/elegant-hotels-group-plc-qa-ceo-sunil-chatrani-half-year-report-lonehg/412731499 GLA
Started: goldust88, 25 May 2017 11:36
Last post: goldust88, 25 May 2017 11:36
Luke Johnson now appointed Director after buying stake in company,we can expect some action particulary as company share price is moe than 30% below asset value,also pays great dividend