Joined: 01/Jan/2006
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Posted: 18/Sep/2007 at 2:02pm
The PE of Indian Hotel will be the bar. Hospitality is a cyclical sector and finally the cycles will play out but right now this is more of an execution stock rather then the PE stock so present year PE might look fancy also for small mkt cap companies PE does not matter.
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Joined: 01/Jan/2006
Location: India
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Posts: 18403
Posted: 18/Sep/2007 at 9:17pm
Interesting computation but Hotels make money from dining, banquet hall etc still this seems to be a tall order.
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
Joined: 01/Jan/2006
Location: India
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Posts: 18403
Posted: 18/Sep/2007 at 10:07pm
No idea but as a business model managing hotels is a non capex initiative and hence better.
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
By 2010, the new inventory will place Viceroy among the top five hotel chains in the country, making it perhaps the only one to be present across segments and geographical regions, said Ravi Krishnan, vice-president, VHL.
Results `posted on Moneycontrol/Myiris states the revenues of around 50 crore whereas the article posted mentions 130 crore in FY07. Is the rest from group companies? Any ideas?
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