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AHCG Action Hotels

23.20
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Action Hotels LSE:AHCG London Ordinary Share JE00BFZD1492 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 23.20 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 23.20 GBX

Action Hotels (AHCG) Latest News

Real-Time news about Action Hotels (London Stock Exchange): 0 recent articles

Action Hotels (AHCG) Discussions and Chat

Action Hotels Forums and Chat

Date Time Title Posts
06/7/201809:43ALL ACTION139
15/2/201616:17Action Hotels57

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Action Hotels (AHCG) Top Chat Posts

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Posted at 06/7/2018 09:43 by jpmorgan
Agree on the offer, and even with dividends have a capital loss on my investment on this one. Float in December 2013 was 64p and raised £30.5m.

The scale and breath of assets in Australia and overall business is better after 4+ years, but with such a large shareholding by the family close to 75% and CEO looking to move, it is commercially rational for them to get the business if the market values it at a bargain price compared with 100p+ NAV :-(
Posted at 01/7/2018 15:34 by jpmorgan
Takeover by Al Sabah family came through this week. Low price compared to published NAV. Even if sceptical on NAV valuation, there is a lot of margin for long term holders. 25% in the £ is a nice bargain for the family with ability to become cash flow psotive and profitable on day one by restructuring/removing inter company debt.

Think the independent directors have accepted the path of least resistance on this and would have thought a figure of 40%+ would be more realistic based on trading and inter company loans. Knowing the context this is understandable, and this is likely to sale through over coming months.

Probably listened and believed a little too much from CEO, and FD on independence and in retrospect think they should have used more core UK based corporate loans to managed investment and growth since the float to diversify away from the original family control. Did not happen, so lesson again to watch the actions, and not just the words.
Posted at 18/3/2018 12:28 by jpmorgan
My take/interpretation on latest bit of news out in few months:

Agree Charts are poooor...Not much demand for shares until growth is proven again. Al Sabah family now have 72% of the company as of 25th March having bought 7% from Blakenny LLP at 23p. Float in December 2013 was 64p and raised £30.5m. Market cap c25m now at 19p.

Financial Issues:
The trading update in terms of sales was in expected lower range, but the operating profits were impacted notably. The execution costs on development pipeline is in short term are not brilliant with high depreciation costs, interest bill, etc. The final also likely also excluded a $1.2m rent waiver. So overall wrong direction but manageable via current structures.

The company has 2276 rooms and looking to add Melbourne (376 rooms) from April 2018, and Oloya Riyadh and Dubai Creek in 2019 and adding 336 rooms approx so in 2020 will have c3000 rooms.

The key value until the piepline is complete is NAV is still estimated at 109p. If the company/assets were for sale would they achieve this? Probability looks positive in this regards, but low probability of this occuring in short term in terms of a sale (even single units). More likely the Al Sabah family buy out minority shareholders at a low price if Melbourne opens well, and this is not get reflected on the OMV share price.

It looks like the company by focusing resources on less developments, reducing dividends will be able to complete the confirmed pipeline within existing financial resources. If Melbourne can get a stable high occupancy rate as other australian properties this increase in rooms could move the needle in a positive direction with continuing contributions from other recently opened hotels increasing sales.

The busines model and split of locations looks still to be intact at a local operating level. The group also needs to be considered on a property NAV level over long time period for a fairer valuation, but this question if this feasible with corporate structure.

Am retaining my small holding which has no influence on AHCG, as a potential turn on 12 month view is there and also trust in CEO and keep in touch with travel market . Will not increase further till get further information from formal results, melbourne hotel opening, and more clarity with management/al sabah family on strategy in terms of long term financing now significant scale ane execution risks subside.
Posted at 04/6/2017 12:25 by jpmorgan
Quick thoughts and review on this one as not looked at for a while.

Notable director buy and larger than normal volume over last couple of days moving the price a little higher. With a dedicated FD and on-going moves to minimise interest bill the next 6-12 should be interesting with scaling out of business model this year. The business model looks to be in intact but opaque in many ways in terms of results (and comparison figures). Trading will determine success in LTM and share price.
Posted at 26/4/2017 11:54 by hybrasil
It a hotel company in growth phase.
When it stops expanding thats when you will see value but it is a share for 5 years time,
It could be interesting as a buy now for 2022
Posted at 15/2/2016 11:29 by cascudi
according to

the chariman own 65% of the company (44m£) ..
that is a lot
Posted at 11/5/2015 10:07 by dros1
Market Cap: £86m; Current Price: 58.5p


•Finals slightly below but dividend in line
•Revenue was +26% to $38m on the back of a 9% increase in the average daily rate (ADR) to $113, a 5% increase in revenue per available room (RevPAR) to $84 and average occupancy increased by 1% to 78% on a l-f-l basis YoY. Although a commendable performance where Adjusted EBITDA increased by 34% YoY to $11.3m this was c.6.5% below consensus for FY14. Final dividend increased by 126% to 1.45p taking the total to 2.17p and in line with expectations and points to a dividend yield of c.3.7% at the current price.
•1Q15 has started well where ADR was +3% YoY to $111 though marginally below the FY14 ADR of $113 we ascribe this to seasonality and expect ADR to increase throughout the year. Revenue was +22% compared to the same period in the prior year. Consensus is looking for c.57% YoY revenue growth which implies the business has a lot to do in the remainder of the year in order to meet forecasts for FY15.
•The group also appointed a new CFO, Krish Sundaresan, who comes with a wealth of experience in senior finance positions at international companies in the Middle East, Singapore, Japan, Australia and India. These are also key areas of expansion for the group.


NORTHLAND CAPITAL PARTNERS VIEW: The hotel portfolio continues to expand in high growth regions though the share price is not particularly undemanding at c. 18x FY14 EV/EBITDA in our view. Finals are slightly below expectations though the business still produced a strong performance and finally an improving dividend at current price levels implies a yield closer to 4% which should attract attention.
Posted at 30/4/2015 06:31 by m.t.glass
Mid-range rise reshaping GCC hospitality industry


JEDDAH – Leading experts from the hospitality sector say the rise of the mid-range is reshaping the industry in the region.

“There has been a growing diversification of the hotel industry, largely due to growing demand from price conscious international tourists and business travelers who want something other than the full five-star luxury experience at premium prices,” said Mark Shea, Faithful+Gould’s head of hospitality in the Middle East, who made the forecast ahead of the Arabian Hotel Investment Conference (AHIC) set to take place at the Madinat Jumeirah, Dubai on May 5-7, 2015.

Faithful+Gould, the world-leading leading integrated project and program management consultancy which specializes in the hospitality sector in the GCC, will lead a roundtable discussion on the hospitality sector at AHIC, gathering industry experts who will share their insights on the opportunities and challenges confronting the hospitality sector throughout the region.

Refurbishments and conversions will also be a key focus of AHIC, with Faithful+Gould Project Director Simon Enders leading a presentation on Getting Under the Skin of Refurbishments and Conversions, which will assess the feasibility of doing renovations on existing properties, including achieving maximum results with the least possible spend.

While the upmarket hotel segment has traditionally dominated the Middle East hotel landscape, the rise of the mid-range is reshaping the hospitality industry in the region.

According to Shea, medical and religious tourism are also fueling the growth of the mid-market range, which “could provide profitable long-term investment.”

Saudi Arabia currently offers huge opportunity for mid-range investment. The Kingdom’s 2030 strategy includes a significant focus on tourism, as well as reinforcing provision for existing high numbers of religious tourists.

In recent years, hotel infrastructure build up has seen intense activity in the Gulf, with two mega international events set to take place in the region.

In Dubai, the Department of Tourism and Commerce Marketing (DTCM) estimates that a total hotel room supply of 140,000 to 160,000 rooms will be required by 2020, an increase from the current supply of approximately 90,000 rooms, with a further 10,000-plus rooms being reported as needing refurbishment prior to World Expo 2020.

In Qatar, experts estimate about 45,000 hotel rooms are required to meet FIFA 2022 World Cup capacity requirements, with 21 hotels planned for construction by 2017.

“Each city has its own supply and demand characteristics. Dubai is a mature tourism destination, whereas Doha is emerging and has the challenge of maintaining momentum until the World Cup Qatar 2022. However both markets have room for mid-range provision,” Shea added.

Elsewhere in the region, Muscat, Manama and Kuwait City all have a growing need for mid-market provision. “Locations that maximize the asset’s potential mid-range hotels may be a more lucrative investment if provided as part of a mixed use development, rather than as stand-alone assets.

Considering versatile use of mid-market hotel accommodation can make better use of the building’s footprint. Mid-market hotels generally do not require lavish reception areas, and as a result, the hotel facility can be situated on the upper floors, releasing the ground floor to optimize retail footfall potential. In addition to new build opportunities, some areas have potential for converting old office buildings into mid-range hotels,” Shea further said.

Industry stakeholders looking to take advantage of opportunities in the hospitality segment could gain a lot of insights at the roundtable discussion to be led by Faithful+Gould, and will include experts such as Rawaf Bourisli, Director of Development, Action Hotels & General Manager, Board Member, Action Real Estate Company (KSCC); Paul Diab, Vice President-Operations, Golden Tulip MENA; and Hubert Viriot, CIO–IFA Hotels & Resorts and CEO –Yotel Ltd, UK. They will discuss build up models as well as funding approaches that could prove critical for contractors looking to enter the market for mid-range products. — SG
Posted at 21/1/2015 11:05 by m.t.glass
I think the prospects for what it is doing are good. It will remain on my watchlist. It is the company structure that concerns me. And the share price behaviour (currently at its alltime low) doesn't justify a place in my portfolio at present.
Posted at 15/9/2014 12:23 by m.t.glass
Action Hotels PLC’s “Buy” Rating Reaffirmed at Sanlam Securities (AHCG)

Posted by Seth Barnet on Sep 15th, 2014


Action Hotels PLC (LON:AHCG)‘s stock had its “buy” rating restated by research analysts at Sanlam Securities in a report released on Monday. They currently have a GBX 96 ($1.56) price target on the stock. Sanlam Securities’ price target suggests a potential upside of 40.15% from the company’s current price.

Shares of Action Hotels PLC (LON:AHCG) opened at 69.30 on Monday. Action Hotels PLC has a 1-year low of GBX 57.00 and a 1-year high of GBX 80.95. The stock’s 50-day moving average is GBX 69.05 and its 200-day moving average is GBX 69.84.

A number of other firms have also recently commented on AHCG. Analysts at FinnCap reiterated a “corporateR21; rating on shares of Action Hotels PLC in a research note on Monday. They now have a GBX 110 ($1.
Action Hotels share price data is direct from the London Stock Exchange

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