Was rumour month or so ago that Puma was sold , but nothing , results are probably non positive, they've tried to bottom line the business and lost out on M&E market because of this which is the real profit maker.
Well I'd say that the relationship with bank and debt is fine with decent capex being spent in 2014 it's looking positive.
You should see some further consolidation in the UK hotel industry soon with the DeVere Venues being merged with another company. Menzies are also on market.
2014 will be the key year for value - for HCP that depends on what Shore's end game is.
The 100k buy last week was mine, I think others too will be getting in before results, if Shore are buying more I think it will be before Monday.
I may buy more Friday as I am very confident that Puma are on the up.
Would expect to see some movement on Puma results with good revenue growth on prior year.
Game changer would be any news on debt if there is a forward looking statement.
They have recruited a very good head office team and trading was always going to be difficult when Barcelona pulled out as it effects management at hotel level with uncertainty etc. I can't see any dividend at present given there is much needed investment in the asset to keep revenues growing. As a trade I think it's worth being in for Puma results, as at the very least it will be neutral depending on how increased revenues have dropped to bottom line. as an investment I think it's a very good bet on a 2 year recovery and will be at leAst a 5 bagger.