The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hard to see exactly what the buy or sell price is. Interims next week, increase in divi, increase in all areas and % increases with business model doing well. In essence if they deliver the margins against no. Rooms then in theory it�s all about investment overtime . So more hotels equals X return being confirmed investors will back more if it�s being delivered. That would then mean we start looking towards �1.40 as the potential is realised?
52 week High and I think all time high
A renewed interest in trading and increasing SP ahead of interims due on 23rd. I expect positive trading news which should be reflected in the SP
Maybe upto results in May, expectation is there good, bigger divi and positive outlook for the year to come
Whitbread announcement today makes any influencing change??? they have announced a break up and therefore a hotel business only? wonder whether this adds value to people wanting to know and believing in hotel values going forward?? good news for easyhotel, business seems to be trading well.
not actual profit numbers however rev par indicates the right direction bar exceptional costs which shouldn't be huge this year as everyone and everything has already been covered. this will keep expanding like this, all about dilution for more hotels and whether people in general fall out of favour with the business model which I don't see happening anytime soon. worth breaking all times high I think as 30% increase in numbers is pretty good going.
I see an increase in divi this year as it always will reflect number of shares and financial performance. The rev par is great, new acquisitions get brought into the company fold and way of work very quickly, delivering straight away. A standard format, easily repeated that people want!
https://www.hospitalitynet.org/news/4087689.html Good example of constant expansion and support from all investment houses. The no. Shares has nearly doubled, revenue and profit will do far more that. What I like is the hotel cater for how many now live our travelling life's, I.e basic, clean, location etc and not loads of added extra as people are on the move. Plus in downturns the model grabs many and we don't have to panic into savings mode, quite the opposite business will improve. Next five years should be really good
More a question now of approval and then announcement of next 8 ish hotels. Would this amount of hotels generate enough to keep expanding? I don�t think so, maybe more equity year from now. They went for 45 million and extended to 50 which is a good sign
they have invested for sometime. good investors and really good sign
Do we know who is behind Polar? Increased shareholding to over 9% of the enlarged share capital - good confidence
They have also stumped up some cash for the placing which is always good to see. Plenty of company bosses that don�t use any of their cash. Sp has stayed stable, no reaction to dilution and dropping off as literally shares are been swapped for cash which buys assets so the company value will go up.
yes I agree. in one way you could get more shares however the discount isn't huge, they have increased since the last placing and everything is going towards more assets. if they didn't do this they wouldn't be big enough to grow and buy more hotels, they aren't self financing to the extent of growing as yet. no where near. there's another �80 million being raised in different ways here to buy and built hotels.
I think it's a pity that they didn't trust the shareholders with a rights issue, but then there would probably have been a larger discount and underwriting costs I think this is a great share for the longer term
expected for me and aiming for a large pot. the �50 million is nearly all to be spent on new hotels buys, also a �30plus million loan for other hotel buys. we are up over 10% rev par this current year against competitive set? at pains to say refurbishment is part of the current cash pot and i.e. we aren't raising working capital. already identified where the money is going, one big investor putting more in whilst most see there % dilute somewhat as things grow which isn't unusual. sp might react ok to potential in the future??
And when the levels creek a bit location and price will matter. This will support equity raising no doubt https://www.thecaterer.com/articles/518171/uk-hotel-investment-levels-hit-5b
Taking up the recent increase and selling out
still offers good value as all this is going into hotels which look to generate overall 15% + would still give an SP around �7 + with a valuation of 1 billion which is more than possible 5 years from now. the opportunities are very high. we need to generate enough cash to keep buying hotels which we are currently no where near
would hope for an equity raise of around �40 million at around �1.3. this would be great for the business and shareholders and like last time show that the money is invested based on future SP also. that's 30 million more shares which isn't incredibly bad in the context of everything.
However this isn�t for working capital it�s to build the portfolio and increase the value of the business. Costs should stabilise as central functions stay level in �s but revenue increases. Positive future of opportunities stated, Newcastle trading as well as new starts last year like Birmingham which are all doing very well. The planned hotel openings during the current financial year ending 30 September 2018 and beyond are expected to make a significant contribution to system sales, revenue and adjusted EBITDA going forward.
I doubt they can finance growth just through debt which we already have a little of. Warming up for another 50 million placement similar to last time I think. Past performance is good enough to attract investors, suggest it�s not far away at all, agm next week. They�ll look to increase shares but hold divi level again at least.
EasyJet expected to release good results next week and reach highs. The brand is doing well and I expect the same here. As people tighten their belt after Xmas and over capacity in some places easyhotel will come through with great prices and locations. Challenge is how will they finance more expansion? The board, expenses won�t now increase against room numbers so profit can start to climb as hotels open.
Prior AGM if usual and previous years is taken as reference