Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (28829)	7/14/2002 4:26:44 PM
From: Sergio H	Read Replies (1) \| Respond to of 29382

Ken, I found another gem that requires patience. SCR.A owns about 65% of OEH. There's a possibility of a spin off of OEH to gain some shareholder value. SCR.A sells for about half of book value. Selling or spinning off OEH is the same thing as buying SCR.A for free. A spin off gives SCR.A shareholders .85 shares of OEH per SCR.A share. At Friday's closing that equals about $14/share in cash for each SCR.A share held. From the last 10q: <progressively Sea Containers was reducing its shareholding in Orient-Express Hotels by selling blocks to long term investors. It has completed the placement of 1 million such shares in recent months at satisfactory prices. The company plans to spin off a proportion of its shareholding to Sea Containers shareholders but was unable to do so in 2001 because of the extraordinary events which adversely impacted its results. It has promised to reconsider the spin off once 2002 results can be accurately predicted and are satisfactory to its bank creditors.> I believe that the extraordinary impact was the events of 9-11. Couldn't open the link to the chart. What's the URL for the home page?