Simon Thompson 

Elegant Hotels on track for recovery

Simon Thompson

Simon Thompson

I have had an informative half-year results call with Sunil Chatrani, chief executive of Elegant Hotels (EHG:85p), the largest operator of luxury hotels on the Caribbean island of Barbados, and one that adds weight to my recovery buy recommendation, at 91p, earlier this year (‘Exceeding expectations’, 15 Jan 2018). I first rated the shares a buy, at 105p, when the company floated on Aim ('Checking into an elegant investment', 15 Jun 2015), and the board have paid out 15.75p a share of dividends to date, so the holding is slightly in the red.

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