Viceroy Hotels - Time to check in!

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Topic: Viceroy Hotels - Time to check in!

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barla
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Posted: 15/Mar/2011 at 11:30pm

1 or 2

Originally posted by vinit_luniya

barla
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Topic: Viceroy Hotels - Time to check in!
Posted: Today at 12:14pm

there are 2 ways of looking at this:

1. Viceroy is telling you, dont sell we will show you the money soon.

2. Never trust these thieves.

I learnt my lesson a long time back and stay away from every small time or unknown promoter.

u tell right dear.now what is clear 1 in these 2 thing?is any or ?

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vinit_luniya
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Posted: 22/Mar/2011 at 2:21pm

bangalore project -------"The project in Bangalore will take another one and a half years to get operational," Babu added.

chennai projects - Due to lack of funds the project got delayed in between and is likely to be operational in the next 2-3 years.
full article-

http://www.business-standard.com/india/news/viceroy-hotels-to-hive-off-chennai-project-division/129729/on

http://news.in.msn.com/business/article.aspx?cp-documentid=5058962

Viceroy Hotels to hive off Chennai project division
Press Trust of India / New Delhi March 21, 2011, 18:18 IST
Viceroy Hotels (VHL) today said it is looking to hive off its Rs 560 crore Chennai project into a separate company to cut debt on its balance sheet.

"Hiving off of the Chennai project division will help reduce debt from the books of VHL. The company is building a luxury hotel property in Chennai, which has a total debt of around Rs 450 crore," VHL Company Secretary P Lenin Babu told PTI.

A meeting of the Board of Directors of the company will be held on March 26, 2011 to consider hiving off the Chennai Project Division, VHL said in a filing on the Bombay Stock Exchange.
Babu said the Chennai property will have a total of 387 rooms. It started construction started in 2005 at an initial cost of Rs 490 crore, which was later revised to Rs 560 crore.

Due to lack of funds the project got delayed in between and is likely to be operational in the next 2-3 years.

He said reduction in the debt of the parent company will enable VHL to raise fresh funds.

The company's shareholders have recently approved hiving-off of the 'Bangalore Project Division' for a consideration of Rs 205 crore.

"The project in Bangalore will take another one and a half years to get operational," Babu added.

VHL currently operates two hotel properties in Hyderabad under the Marriott and Courtyard brand names.

The company's total turnover for 2009-10 fiscal was Rs 56.65 crore. Shares of VHL closed today at Rs 33.85 per share on the Bombay Stock Exchange, up 0.74% from the previous close.

if you can learn from 2 mistake u can otherwise no way

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Siddhartha
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Posted: 22/Mar/2011 at 4:32pm

This is the best example of poor journalism. I still can remember, last year Businessstandard reporter was writing about Titan to loosing shine. But today titan is different story.

Viceroy’s sales 56 Cr. is wrong figure. Reporter has to write articles to fill the space. There is not any substitute of own research. Buffet was criticizing last year about financial journalism last year.

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barla
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Posted: 22/Mar/2011 at 10:52am

Great. so do you intend to buy more of Viceroy.

Originally posted by Siddhartha

This is the best example of poor journalism. I still can remember, last year Businessstandard reporter was writing about Titan to loosing shine. But today titan is different story.

Viceroy’s sales 56 Cr. is wrong figure. Reporter has to write articles to fill the space. There is not any substitute of own research. Buffet was criticizing last year about financial journalism last year.

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vinit_luniya
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Posted: 23/Mar/2011 at 12:09pm

bangalore land was on a roll so transferred in wholy own subsudiary now on 26 march board meeting chennai will done in same passion.chennai land is also on roll.
      read this is important- the Shareholders' Agreement dated April 13, 2010. According to revised terms of such proposed investment VBHPL will cease to be a subsidiary of the Company.

http://www.bseindia.com/stockinfo/anndet.aspx?newsid=dc14f70e-f42c-418d-8b56-6df38888d857

Scripcode : 523796    Company : Viceroy Hotels Ltd          View All

     Circular Resolution | 22/03/11 18:15
     Viceroy Hotels Ltd has informed BSE that the Board of Directors of the Company has passed Resolutions by Circular on March 22, 2011, for approval of the following items:

1. Execution of assignment deeds between the Company, Viceroy Bangalore Hotels Pvt. Ltd. (VBHPL) Ltd and the owners of the land on which the Bangalore Project is implemented for assignment of the lease pursuant to hiving-off the 'Bangalore Project Division' to VBHPL.

2. To take note of the revised terms of the proposed investment by JPMorgan India Property Mauritius Company II in VBHPL and approve the draft Supplemental Agreement to be executed with VBHPL and JP Morgan India Property Mauritius Company II inter alia amending the terms of the Share Subscription Agreement and the Shareholders' Agreement dated April 13, 2010. According to revised terms of such proposed investment VBHPL will cease to be a subsidiary of the Company. Further, the investment under the Supplemental Agreement is proposed to be made immediately pursuant to the transfer of the Bangalore Project Division to VBHPL.

http://www.bseindia.com/stockinfo/anndet.aspx?newsid=aa32c1be-c619-4cc7-892b-a5c4da977c3f

Scripcode : 523796    Company : Viceroy Hotels Ltd          View All

     Board Meeting on Mar 26, 2011 | 21/03/11 11:43
     Viceroy Hotels Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 26, 2011, inter alia, to consider hiving-off the 'Chennai Project Division'.

if you can learn from 2 mistake u can otherwise no way

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vinit_luniya
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Posted: 23/Mar/2011 at 12:16pm

anything can be right u can be right viceroy hotels can be titan but this 56 cr is standalone figures is correct see-

http://www.bseindia.com/qresann/results.asp?scripcd=523796&scripname=VICEROY%20HOTELS%20LTD.&type=65.5&quarter=MC2009-2010&ResType=R&checkcons=55c

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Topic: Viceroy Hotels - Time to check in!
Posted: Yesterday at 4:32pm By Siddhartha
This is the best example of poor journalism. I still can remember, last year Businessstandard reporter was writing about Titan to loosing shine. But today titan is different story.

Viceroy’s sales 56 Cr. is wrong figure. Reporter has to write articles to fill the space. There is not any substitute of own research.

if you can learn from 2 mistake u can otherwise no way

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barla
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Posted: 23/Mar/2011 at 1:10pm

Vinit jee. Your posts are an eyeopener for all. For those who have gone through the pain it is reaffirming what always happens.

In a bull market there are certain companies that go up and up.

But if you do not sell at the right time you are left with a deep deep hole.

For us who are basicaly long term investors it is best to stay away from these companies and only get into good, solid companies.

Good that you are open about your loss and talking about it.

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vinit_luniya
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Posted: 26/Apr/2011 at 3:04pm

http://www.careratings.com/Content/creditratings/pdf/6.2.2.b%20Annexure%20III%20-%20FY11.pdf

viceroy hotels care rating 2011 bbb+ to b .....smart investor have offloaded very early in 2008.
this is reason so viceroy hotels is not performing.....in this bull market from last 2 years...and trend will continue so.this share is LAGGARD

if you can learn from 2 mistake u can otherwise no way

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