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Elegant Hotels

September 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • EHG
  • Price:
  • 77p
I last went to Barbados on a family holiday just after the credit crunch in 2010. I’d visited the same resort, Turtle Beach on the west coast, two years earlier but it seemed emptier and cutbacks were evident in the food and staffing levels. Reading a 70 page circular from broker Zeus, it seems that Turtle Beach, which is one of the six freehold hotels in Barbados owned by Elegant Hotels (EHG; 77p), underwent a US$3m redecoration a couple of years ago as part of a five year US$24m estate refit. The others hotels include Crystal Cove, Colony Club, The House, Tamarind and Waves. It also owns beachfront restaurant, Daphneys.What I hadn’t appreciated before I started reading the research is that Elegant’s 553 bedrooms ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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