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i think if i had some spare cash i would top up here again. Been in since IPO and avged down once already - really don't see how this is now worth half of what it was when the chain has also expanded. In fairness not visited one for a while so not sure if I am missing something obvious. I still suspect there will be buyers in the distance once brexit is gone. Must be cheap...
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
i think i will wait for recovery to around 60p and exit at c70% loss - agree may look cheap on P/E basis but track record of non delivery too much for me. Learned my lesson in the past and sometimes it feels better to sell and move on to pastures new. Good luck to anyone that remains here...
down to 1.84??!! What has happened here - no news i can see....
Bit surprised to see the share price under 110p after being steady at around 115-120p. I really don't understand how this is valued at almost half of the float price. Tempted to add more but worried there are some underlying issues I am missing. Given it is coming up to Xmas and sure this will be popular place for work parties etc. Also the fact there is no debt re-assures me a bit more here...
Interesting insight Funki - are you aware of any way of getting a firmer view on this i.e. are there tourist numbers produced. Holder here and as you mention think the NAV is main reason for holding and wasn't aware that island is quiet. Thanks for the info
Results due in couple of weeks - with a potential takeover in the wind and surely a stronger performance (assuming good weather is a bounce - could go other way) as estate continues to mature / grow. Still no debt i assume - i am really debating a top of here to average down some more. Any thoughts / reasons not too? Considering we floated at £2 i really think under £1.50 is a decent deal here...
starting to really jump here - wonder whats brewing!
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
i agree with net debt being high but the rights issue helped that massively - i think there must be something going on behind the scenes given the price, but starting to look cheap to me if company can sustainsbaly pay down debt over next 2 year share price surely has to jump up significantly
Starting to look like the 210p offer was better than i thought... still don't understand the drop down here. No debt, new pubs opening and a "premium" experience that a lot of people prefer. Every time i have been to one it has been pretty busy even during the day with food etc. Maybe concern about consumer slowdown and people moving towards a Wetherspoons rather than paying �8/�9 on a cocktail... Anyone else still here? Always Deltic in the background too.
I may be being stupid, but does the constant RNS for Issue of Equity result in any dilution for existing holders? In my head i think it should, but then i think we are bringing in cash so if the price is higher than the price you paid its actually a benefit. Conversely I would think that more shares means higher outflow for dividends and therefore less likely for dividend pence to increase... but then again they have more money in from the equity to invest so should make more... Sorry for ramble just wanting to make sure I am not being diluted without knowing about it. I think my gut says its ok, but if anyone has any thoughts that would be welcome
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