Action Hotels Share Discussion Threads

[smarm] 02/11/2014 21:40

I too wondered why the announcement.

S

[m.t.glass] 30/10/2014 08:01

It's nice that the two chairmen (Accor and Action) met yesterday and said nice things about their ongoing relationship. But significant enough to put out an announcement? Do they feel they needed to for some reason?

If we get another about another partner in the next week, the cynical me will presume an imminent funding move. If we don't, I shall presume it was just two chairmen having a nice chat about how nicely things are ticking along ;0)

[smarm] 21/10/2014 18:38

Likewise. I met them at Frothy's show in April and was impressed. I bought, sold for a small but perfectly formed loss and have just bought back. As you say...don't know.

S

[m.t.glass] 21/10/2014 14:52

Hi Smarm ;o)
My own holding in this is not big. And I don't know how it will pan out, but prepared to merely hold and see what happens.

[smarm] 21/10/2014 13:39

MTG - you appear to be doing a sterling job talking to yourself but just to say that I hold a few. There's not much to say....but I'm here.

S

[m.t.glass] 17/10/2014 07:38

Stefan Allesch-Taylor CBE, the Non-Executive Deputy Chairman of the Company, bought 144,928 ordinary shares of 10p each in the Company ("Ordinary Shares") at 69 pence per share on 16 October 2014.

[m.t.glass] 03/10/2014 06:41

"..The property has been developed as a residential property and is owned by Action Real Estate Company ("AREC"). AREC will lease the property to Action Hotels for an initial period of 20 years for an annual rent of AED 2.5m, subject to a 10% increase every 5 years or adjusted on compound inflation rate as published by the Central Bank of the UAE, whichever is the highest.

As Action Hotels and AREC are controlled by the same parent company, the lease agreement between Action Hotels and AREC constitutes a related party transaction under the AIM Rules for Companies. The independent directors of Action Hotels consider, having consulted with their nominated adviser, finnCap, that the terms of the lease agreement are fair and reasonable insofar as the Company's shareholders are concerned..."


Hmmm. I hope the AHCG nomad is correct in declaring this as a good arrangement for AHCG shareholders, rather than it being a cosy deal of greater benefit to AREC. I can't get to the Mello event, but would be pleased if someone there could grill them on this point. I've encountered too many deals between listed companies and their unlisted siblings in which the true purpose is to divert profits. I am inclined to presume that this deal is kosher - but would like to hear what others think.

[davidosh] 02/10/2014 23:49

Just to let you all know that Action Hotels will be presenting to investors on Friday 7th November and have a stand for the day during the three day Mello2014 investor show in Derby Conference Centre. See www.mello2014.com

You are all very welcome to join the hundreds of investors attending and the list of keynote speakers has been acclaimed as the best ever at an investor conference. www.mello2014.com

[m.t.glass] 02/10/2014 09:11

RNS Number : 2316T
02 October 2014


Action Hotels announces addition to its development pipeline in the Emirate of Ras Al Khaimah, UAE

Action Hotels, the leading owner, developer and asset manager of branded three and four-star hotels in the Middle East and Australia, is delighted to announce an addition to its committed hotel pipeline.

Action is in the final stages of agreeing terms with an international partner, the identity of which will be announced in due course, for a long term management agreement to operate a 104 room three star hotel, located in the heart of the commercial district of Ras al-Khaimah (U.A.E.) (the "Ras al-Khaimah Hotel") by September 2015.

The Emirate of Ras al-Khaimah is located in the northern part of the UAE, bordering Oman's exclave of Musandam. It has one of the UAE's fastest growing free trade zones with over 7,500 international registered companies to date. It is also experiencing strong GDP growth which is estimated to grow at 4.8% p.a. to 2023.

Action has identified a significant opportunity to provide branded economy and midscale accommodation in the Ras al-Khaimah market which is predominantly serviced by upper-upscale and luxury hotel accommodation.

Action Hotels have signed a 20 year lease agreement on an existing residential development and will undertake a refurbishment and conversion of the interior of the Ras al-Khaimah Hotel, which is expected to be completed and fully operational by September 2015. The expected project cost to Action Hotels is US $4.8m representing a development cost of approximately US $46,200 per room and will contribute to the 2015 EBITDA. This will be funded from existing cash and debt facilities available to the Group.

The property has been developed as a residential property and is owned by Action Real Estate Company ("AREC"). AREC will lease the property to Action Hotels for an initial period of 20 years for an annual rent of AED 2.5m, subject to a 10% increase every 5 years or adjusted on compound inflation rate as published by the Central Bank of the UAE, whichever is the highest.

As Action Hotels and AREC are controlled by the same parent company, the lease agreement between Action Hotels and AREC constitutes a related party transaction under the AIM Rules for Companies. The independent directors of Action Hotels consider, having consulted with their nominated adviser, finnCap, that the terms of the lease agreement are fair and reasonable insofar as the Company's shareholders are concerned.

The Company's Chairman and Founder, Sheikh Mubarak A. M. Al Sabah commented; "In addition to our pipeline of nine hotels we are actively pursuing new hotel developments and I am delighted to confirm the addition of this 104 bedroom hotel to our pipeline. Ras-al Khaimah is a region we know well and believe that its three and four star hotel sector is undersupplied. It is also exciting to be partnering with a well-known brand in the region and we believe this hotel will be suited to their product offering, targeting intra-regional business and leisure travellers. As we highlighted at the time of our interims results earlier this month, this development underpins our strategy of using both freehold and leasehold models to accelerate growth in room numbers. Whilst we have shown to enjoy significant development uplifts on our freehold hotels, leasehold hotels are less capital intensive and which the Board believes will lead to accelerated EBITDA growth."

[m.t.glass] 15/9/2014 12:23

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.

[m.t.glass] 15/9/2014 12:13

"Action Hotels Slashes Half-Year Loss Buoyed By Strong Growth"

[m.t.glass] 15/9/2014 07:30

"The Group is now ready for accelerated growth."

From this morning's half-year Results statement



And paying a dividend.

[m.t.glass] 02/9/2014 07:02

Accor and Action Hotels announce largest ibis development in Australasia - ibis Brisbane Elizabeth Street


Date Published: 02/09/2014

The announcement of the 368-room ibis Brisbane Elizabeth Street hotel took place at the Sofitel Brisbane Central today (Tuesday 2 September) with Accor Pacific Chief Operating Officer Simon McGrath, Managing Director of AHC Australia, Andrew Nehme and Brisbane Lord Mayor Graham Quirk.

Accor and Action Hotels plc have been working together in economy hotels in Australia and the Middle East since 2006, and currently have five operating ibis hotels and a further three due to open by the end of 2016. In Australia, Action Hotels plc own the ibis Glen Waverley hotel in Melbourne which opened in 2007.

Simon McGrath, Accor Pacific Chief Operating Officer said, “Accor remains the leader in the economy hotel segment with 60 hotels in the Australian ibis ‘megabrand’ brand portfolio. The ibis brand has kept up with the changing expectations of consumers through design-led affordable quality hotels. As such, investors are strongly drawn to the ibis brand as exemplified by three new build hotels currently in development and the recent opening of ibis Adelaide.

“Once operational, Ibis Brisbane Elizabeth Street will add another dimension to the brand growth as the largest ibis hotel in Australasia. We are excited to be part of this key development for Brisbane and look forward to working with Action on another successful partnership,” Mr. McGrath added.

Andrew Nehme of Action said, “We are excited about developing another ibis hotel in Australia given the success of our partnership that we enjoy with ibis Melbourne Glen Waverley. The new ibis hotel due to open by 2016 has a prime location in central Brisbane and will be the largest ibis in the region.”

Cr Quirk said the $90 million development, which would create more than 400 jobs during construction and 80 positions during operation, would be Action Hotels’ first investment in Queensland, building on a predominately Melbourne-based portfolio. He said the entry of Action Hotels into the Brisbane market was further evidence of the confidence being shown by domestic and overseas companies to invest in Brisbane.

“For the past two years our economic development board, Brisbane Marketing, has been spreading the strong message about Brisbane’s hotel investment opportunities,” Cr Quirk said. “Brisbane has a very positive hotel investment pitch and continues to grow its reputation as a destination of choice for business, investment and major events.

“As Australia’s New World City, Brisbane is attracting new hotel developments and this increased supply of hotel rooms improves our ability to attract visitors, as well as providing many new jobs and opportunities for local businesses. Developments such as this represent confidence, appetite and opportunity at home and abroad.”

Construction of the multi-million dollar hotel development will commence in later this year with a scheduled opening in early 2016. The ibis located at 40 Elizabeth Street will be one of the most centrally located hotels in the CBD, adjoining the Myer Centre and Queen Street Mall and walking distance to government departments and the Brisbane Casino.

The launch of ibis Brisbane Elizabeth Street will build on Accor’s already substantial hotel presence in Brisbane becoming the 14th hotel to open in the destination and complements three existing ibis hotels including ibis Brisbane, ibis Budget Windsor, ibis Budget Brisbane Airport and the recently announced ibis Brisbane Airport hotel also planned to open in 2016.

Accor’s latest ibis hotel development announcement in Brisbane comes after the successful launch of the new ibis Adelaide hotel last month (14 August). Representing the new era of ibis in Australasia, the $70 million ibis Adelaide (developed and owned by Hines Property group) offers 311 state-of-the-art accommodation rooms and excellent facilities for both business and leisure travellers. Considered the most innovative economy hotel built in Australia, let alone Adelaide, the latest ibis is also first new-build ibis to be developed in Australia since 2008 and the 60th economy hotel in Accor’s Australian network and the largest.

The new ibis Adelaide and upcoming ibis Elizabeth Street in Brisbane add to Accor’s economy ibis megabrand hotel network of ibis hotels (ibis, ibis Styles, ibis Budget) across every other mainland state capital in Australia and over 2,000 hotels encompassing more than 210,000 rooms worldwide.

[m.t.glass] 14/8/2014 13:47

From that 62p closing low of July 24, this has climbed 14.5% in three weeks. Another 10.5% will get it to the Feb 17 post-ipo closing high of 78.5p

[m.t.glass] 05/8/2014 10:16

back above that recent (May 30th) ceiling now

[m.t.glass] 05/8/2014 10:05

Tuesday 5 August 2014
Mideast Times

Action Hotels PLC (LON:AHCG)'s stock had its "buy" rating restated by analysts at Sanlam Securities in a research report issued to clients and investors on Tuesday. They currently have a GBX 96 ($1.62) price objective on the stock. Sanlam Securities' price objective suggests a potential upside of 45.45% from the company's current price.

AHCG has been the subject of a number of other recent research reports. Analysts at FinnCap reiterated a "corporate" rating on shares of Action Hotels PLC in a research note on Tuesday. They now have a GBX 110 ($1.85) price target on the stock.

[algomas] 03/7/2014 16:44

finals Mon 7th

[philanderer] 03/6/2014 14:25

All ok, divi paid into my account this morning.

[philanderer] 02/6/2014 22:14

Still no dividend into my account !

As set out in the Company's admission document dated 17 December 2013, the Board intends to propose a final dividend in respect of the year ended 31 December 2013 of 0.96p per share which is expected to be paid on 30 May 2013, subject to approval of the dividend at the Company's annual general meeting which is expected to occur on 29 May 2013. It is expected that the Company's ordinary shares will be marked ex-entitlement to such dividend on 7 May 2014 and the dividend will be payable to all shareholders on the Company's share register at the close of business on 9 May 2014. Save that, as announced at the time of the Company's admission to trading on AIM, the major shareholder, Action Group Holding Company (K.S.C.C), has waived its entitlement to this dividend.

[anisha] 02/6/2014 21:07

how does it pay a divi when in losses
whats the profit loss figure for current year projected at tia

[philanderer] 30/5/2014 21:24

mmmm... No dividend paid into my Selftrade account today .. anyone else had theirs ?

[sammy_smith] 30/5/2014 09:26

Katie Shelton, Communications Director

Action Hotels (AHCG) - New hotel in Kuwait

Click the link to listen

[steffyloveshares] 29/5/2014 14:56

video interview
Action Hotels CEO delighted with performance of Kuwait hotels

Alain Debare, chief executive of Action Hotels (LON:AHCG), sees huge potential in the three and four-star hotel market in Kuwait, where the company has just unveiled plans to build a new four-star hotel.
Debare says the encouraging trading of late in Kuwait, where it already has two three-star hotels, bodes well for the latest addition to the pipeline.
Action's existing hotels in Kuwait City are outperforming the market by some distance in terms of occupancy, according to April's figures.