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Emailed Katie and Jessica this morning for an update. The Ibis is still not open and is scheduled for this month according to hotel booking websites, not 28th December as claimed. No big deal but they need to give clear info on the pipeline. Will let you know the reply. I have also asked for a schedule of trading statements and results.
Morning, LGEN has been one of my best and most solid shares this year but the BB is the also the quietest on LSE! Anyone else had a good year? I bought in the day after Osbourne announced the pension reforms so was a big dip in SP. Bit of a risk but it paid off. Am thinking a break through 2.50 should see us moving higher again. Any thoughts? Obviously the next trading update/ results are key. Let's hope we can keep motoring in 2015. Happy New Year to all. Paul
Why are you still here? You have already confirmed you want in at a low as possible buy in now stop trying to mess with people's investments to further your own. If you are not interested as you state then bog off to one of the shares you mentioned. It is tiresome in the extreme.
I honestly think that the SP will move when the next set of results are released. Year end is 31st December and a trading statement will follow and then full year results in April. Also, the RNS states that the properties will be re valued now finished. New value will be included in the results along with revenue and profit. Hopefully another increase in dividend also.
Great news....merry Christmas : Action Hotels (AIM: AHCG), a leading owner, developer and asset manager of branded three and four star hotels in the Middle East and Australia, is pleased to update the market on the status of new hotel completions and its expanding hotel pipeline. Completion of new hotels Action Hotels is delighted to announce the completion of two new hotels in the Middle East. Ibis Seef, a 304 room Accor managed property, is Action Hotels' first hotel in Bahrain and has been completed on schedule and below budget. The property also features 18 apartments, giving it a good exposure for longer stays and families. Official opening is scheduled for 28 December 2014. Premier Inn Sharjah is a 168 room hotel and is Action Hotels' first Premier Inn branded project and also Whitbread's first hotel management contract in the Middle East outside of their joint venture with Emirates. The hotel is complete and final preparations are being made to enable the official opening planned for January 2015. Both freehold properties will be revalued as completed properties and will be reported in the 31 December 2014 results. In addition to the ibis Seef Bahrain, Action Hotels is developing the Premier Inn Bahrain and has taken the decision to schedule its opening in Q3 2015 in order to phase out its opening of the hotels and prioritize its development efforts. This has enabled management to focus attention on the acceleration of the 2015 pipeline, including the 104 room Tulip Inn Ras Al Khaimah which was announced in October 2014. Pipeline As well as focusing on delivering its pipeline of 8 economy and midscale hotels, Action is committed to increasing the number of hotels and is in discussions in relation to a number of opportunities across the Middle East. In addition, Action has created an extra 55 rooms from its existing development pipeline across a number of its leasehold and freehold properties.
Yes I agree with you but I am always on the look out for potential issues that could blind side my investment. I am very happy with AHCG, although I would prefer a better SP than the current situation !
Thanks for that, a shame they haven't updated the market on these yet. With regards to the profit, of course I was not talking about dividend more the issue of moving profit off the balance sheet into the parent company. This is not unheard of although I am sure it will not be an issue. For example a rent increase, extra charge for services, special marketing payment, what ever.
A little disappointing but not such a big deal. As mentioned better to have the hotel completed to the highest standards than to rush the opening. Any news on the other pipeline hotels that are due for opening?
Interesting background thanks. The only issue I would have is where the profit could end up with AHCG being a smaller part of a group.
Welcome to the BB my friend. I like your first post, very informative and spot. With regards to the pipe line, all very exciting and Dubai looks like being a great addition. I think the market would like to see the pipeline being converted into revenue sooner rather than later. I like this business but would appreciate some good news soon. What are your thoughts on the Action Group and relationship with AHCG? I understand they are basically the parent company and there seems to be a lot of cross trade going on with partnerships on Dubai freehold and also with the apartments recently opened. Paul
Fair enough, the news being discussed is that ACHG have various hotels in development. They are an owner and developer of hotels and then large hotel chains market, staff and run the hotels using their Brands and infrastructure. We are expecting news of new hotel openings, there are at least two that are due to opened in December I think and a good flow of new openings over the next couple of years. When each hotel opens it improves the cash flow and profitability of the group, therefor more profit to share with share holders. There can be delays in hotel openings so we have been discussing when the RNS will land. You need to do your own research of course but everything is out their, start by looking through the RNS and news on here and their website is average but has the hotels and developments in the pipeline listed.
Daytrader not sure if you are a full shilling or not but my advice to you would be to try the casino. An RNS is a business reporting on its trading or any news that investors need to be informed of. Not something that happens to satisfy oddballs like you (who seem to be bipolar) and think that SP should be bouncing around so you can make money trading it. It was only last week you were saying this share would be suspended and we should all sell, then yesterday you told us you were not invested but looking for an entry point. Now you are back to negative posting again? If your not invested stop trying to rock the boat. Action Hotels are building a great portfolio of hotels in a growth market and paying a dividend. Either you think it is a good business (invest) or you think it will not make money long term (go away). All the best.
Photos of the apartments look very impressive. Yes nice buy at the end of the day. I think we need a few more. Lots of money moved out of the market at the moment so time to just sit tight and buy more if you can afford it!
I received a reply from Katie today, sure she won't mind me sharing: Hi Paul - good to hear from you. It is likely we will update the market before the end of the year on hotel openings, trading etc. The 18 apartments have been open for some time. Jessica will send you some photos of them to show you as we are really pleased with them and they are trading well. Jessica will ensure you will be kept in touch on release of any news. Kind regards Katie
Who is reinvesting the dividends ? My little windfall will be going straight back into AHCG shares.
The last two trades at the end of the day were definite buys not sells. The SP ticked up just after they went through. It is the same on all aim, almost impossible to tell what the trades are unless you track them and do dummy trades.
Daytrader....is your name a hint of your objective ? Looking to turn a quick profit mate?
Markets are all down but I agree. Wouldn't be surprised if they are setting up a large buy at a set price.
Looks good to me. Will look forward to seeing a bit more detail on the rental deal.
Sanlam securities reissues Buy Rating at 96p