• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

HGVC budget changes for 2020

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
22,407
Reaction score
8,072
Points
1,099
Location
Florida

Orlando-based Hilton Grand Vacations Inc., the timeshare industry’s No. 2 player by sales, said this week that it has budgeted an extra $155 million to repurchase shares. The company’s share price has plummeted 60 percent in the past month, amid a broader stock market collapse triggered by the spread of the new and highly contagious coronavirus, which has brought global travel to a near-standstill.
 

Great3

TUG Member
Joined
Jun 23, 2014
Messages
513
Reaction score
333
Points
273
This is buyback of stock shares, not for ROFR as I originally thought. What it means for the financial health of the HGVC company as a whole, I am not sure.

Great3
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
22,407
Reaction score
8,072
Points
1,099
Location
Florida
ah...great catch...i copied the link off another feed. will edit title.

certainly less "newsworthy" than the original!
 

Fredflintstone

TUG Member
Joined
Jul 15, 2018
Messages
1,934
Reaction score
2,531
Points
324
Resorts Owned
Rent only
Great timing. The prices are smokin low right now so they are buying on the cheap. Many companies like Starbucks are buying back. They have cash to spend. This is good news when they are buying at this price as they know these prices are overdone and they will gain a lot over the long haul.


Sent from my iPad using Tapatalk
 

Fredflintstone

TUG Member
Joined
Jul 15, 2018
Messages
1,934
Reaction score
2,531
Points
324
Resorts Owned
Rent only
Although I am not a big fan of stock buybacks, if HGVC buying back their stock staves off a Diamond takeover, I am all for it.

Hmmm. I didn’t know that was in the works. Many folks here have commented that Diamond is their least favourite so you are not alone.


Sent from my iPad using Tapatalk
 

Talent312

TUG Review Crew: Veteran
TUG Member
Joined
Jul 4, 2007
Messages
17,629
Reaction score
7,470
Points
948
Resorts Owned
HGVC & GTS
Buybacks are good for shareholders. They increase the value of outstanding shares.
But bad for consumers. They reduce the capital corporate has to spend on product.

Witness: Sears, whose buybacks can be blamed for it's early demise.
HGVC is not Sears. It's product is here to stay, but it could spend the $$ elsewhere.
.
 
Top