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That's excellent. We will get two views from opposite ends of Europe as it were. Be good to know if your experiences at EasyH are similar and would you reccomend EasyH as a place to stay? Do you think not providing dining is a drawback, especially a full 'English' at breakfast? Appreciate your views or any other reccomends...
You might get a a few quid off!!
Back in the day I had shares in Trust House Forte and they always looked after holders. Mind you they weren't at the budget end of the mrkt. Good share made money on them and switched into Grand Met now Diageo.
I have a week in Easy hotel in Berlin in about 7 weeks time, I figure if I have shares in them , I would be silly to stay in another hotel
I look forward to it.
Agree, I have five days in Easyhotel Barcelona next week so I’ll let you know
Good point...unvrkw...EasyH should do well in good, bad or indifferent times.
As long as vfm is vigorously maintained at all times. I have stayed in budget hotels where housekeeping was not up to scratch. If that is slipping what else is sub standard? I have yet to visit an EasyH so any personal expierience from holders would be appreciated.
i'm off the same opinion as you, i think brexit overall isnt helping, that said in the background i think people will be using easyhotel and infact more so in these times of uncertainty rather than when things are good.
the premier inn results werent great lately, things are over heating a bit, saturation of number of rooms is getting closer and pressure on how to get the rooms full. i always invested in easyhotel as the opinion when times are good but also when times especially are low.
The 3 yr EZH chart resembles one of my o...lie shares. Vols and bargains have slowed markedly after the sustained selling of c.550k
shares on the 25th June.
No doubt about it the uneasiness over Brexit and the never ending selection process for the next PM is not helping.
As we know news is the lifeblood of Aim stocks so outside of an acquisition the next news flow will be the YE trading update in early Oct just before we Brexit, deal or no deal.
In the last AR the board said they remained confident the EasyH brand will cont to outperform the hotel sector.
Don't like the new set up...being a tod-puddle type but i guess will have to get used to it.
Agreed mcco there will be Mrkt madness come Oct 31 that's a Thursday should we leave on WTO terms. If Easy slips sub 70
I will add come what may as the picture in a years time will be entirely different and hopefully Easy heading upwards. How a crash out will effect the Hotel rebar I don't know suspect initially it will take a hit before returning to normal.
I agree that if the UK crashes out of the EU without a deal on the 31st October, which seems even more likely every day, there will be an enormous write down of ALL share prices. However, that decision should not affect EZH business too much, and any drop in the SP should be a great opportunity to top up or simply invest here
Remember, we have hotel interests in the EU and not all users will be British
I’m not adding at the moment, but am keeping a close watch on the SP as I see great value here, but for the longer term
I agree that if the UK crashes out of the EU without a deal on the 31st October, which seems even more likely every day, there will be an enormous write down of ALL share prices. However, that decision should not affect EZH business too much, and any drop in the SP should be a great opportunity to top up or simply invest here
Remember, we have hotel interests in the EU and not all users will be British
I’m not adding at the moment, but am keeping a close watch on the SP as I see great value here, but for the longer term
Very tempted at 75'ish to add. My alter ego egging me on....another £500 is really
risking little in the reward ratio stakes. I had temporarily earmarked that into an o..lie, at least its movin 'on up! Best I wait to see how the 'don't wanna be holding these' over the wk/end brigade play their cards.
Stock slipping on low sell vols. Neither here nor there to the longtermer. Question for me is do I risk a purchase now or wait till this Brexit nonsense re Oct 31st is finalised one way or another.
I think Easy will do well regardless but the mrkt might well over react if we crash out deal-less or on WTO. It's a wait'n see for me.
Whitbread, the UK's largest hotel operator, has blamed "weak trading conditions" for a fall in demand for its rooms.
Sales at Whitbread's Premier Inns open at least a year fell 4.6% in the first three months of 2019. Total sales fell about 1%.
As political and economic uncertainty continued, the regional business market was less confident, the firm said.
However, its performance had been "resilient" in "tough conditions".
Chief executive Alison Brittain added: "We continue to make good progress with our efficiency programme, which is helping to partially offset another year of high industry cost inflation."
Whitbread shares were down about 1% in morning trading.
Whitbread spins off Costa Coffee
The trading update is the first since Whitbread sold the Costa Coffee chain to the Coca-Cola company for $4.9bn (£3.9bn). The deal completed on 3 January.
Whitbread said it intended to return up to £2.5bn of the sale proceeds to shareholders, "unless more value-creating opportunities arise and subject to prevailing market conditions".
Of that amount, £482m had already been returned through a share buyback programme, while a tender offer to repurchase another £2bn of shares would go ahead subject to shareholder approval.
Premier Inn is Whitbread's biggest brand, with more than 785 hotels and 72,000 rooms.
Whitbread said its expansion of the hotel chain in Germany was "firmly on target". After opening Premier Inns in Frankfurt and Hamburg, it had bought the 19-hotel Foremost Hospitality chain and was in the process of re-branding those properties as Premier Inns.
New rooms
The company also owns three UK restaurant chains: Beefeater, Brewers Fayre and Table Table.
According to analyst Michael Hewson of CMC Markets, Premier Inn would do well to boost its occupancy rates, which currently stand at 74.8%.
"This appears to be the area that the Premier Inn needs to work on the most," he said.
"The business is adding new rooms at a time when they are barely filling 75% of their current capacity, and this needs to change to effectively claw back the investment, not only in the UK, but Germany as well, where the company is looking to add over 2,000 new rooms, when occupancy rates are at similar levels."
Good, whether brexit or not the business will grow and do well in these environments or in fact any as long as they are relevant
EZH rates a 'Hold' in this mornings IC review.
A
this is a good share, buy some Fox Marble also, just about, after all their years of getting going to have the good results!!
An invstr friend of mine asked me had I any tips on stocks? Sure, I said if your prepared to hold for more than a week.
"Nah, forget it". I can't wait that long.
He could be right given the huge nos of shares that trade in bargain basements, big discounts to NAV etc.., and you could be waiting years for value to be realised.
That to me presents an opportunity for the patient investor if you believe that profits, return on capital, increasing eps
mean anything at all.
So I tipped him EZH a Co that Brexit or no Brexit is ideally located to reap rewards as long as you think business will continue as we know it and not conducted from some pokey bedroom and people cont to travel and visit other countries.
Staff costs at easyH must be some of the lowest in the business at just 7% of turnover and only 14% if all other running costs are totalled.
That's a tight ship imo as often these low end costs can run out of control.
From memory a Co I once had shares in ran at 40% of takings.
The Co in question was not shareholder friendly. I asked the CEO if he was planning for his after-life what with all the ghosts on his payroll. He was not amused!
Actually I made money there but 40% give me a break!
I’m with you, plenty more growth here
Been watching the sp decline the last 12 months or so, most likely due to Brexit worries and profit taking did the rest.
The fall to the low 70s hardly warranted the tanking of the shares given results and updates throwing up no nasties.
I missed the ride up from 65s to 130+ and thought the boat had sailed but here we are again back almost to my original buy price.
A fortuitous bet paying off has enabled me to start building a stake in this Co one I consider to have excellent long term attractions.
In the hotel/leisure sector price and value for money are paramount and I believe EZH can thrive in the years ahead.
I have 200,000 shares here so it’s a good investment, keen to watch this grow over twenty years like its sister company and hit £5 a share which is more than possible.
Asset value has now caught up with sp so we should now start to see potential built in, problem being a lack of confidence atc the moment with brexit which doesn’t help
Can’t understand why people are selling, unless they need the cash. This is a very undervalued share in my opinion and in a few years its value will have increased substantially
I’d be adding if I had the dosh and maybe will do later if the SP remains at this level