An interesting trading update1 Nov 2019 08:16
Good numbers but subdued message?
Next year they aren’t opening that many owned rooms, it’s the year after it really grows again. With franchised they highlight some might not even happen in Iran, Dubai etc.
Divi policy under review as they wish to grow but bare in mind the bod now own no shares, divi to them is worthless and they will be expecting a higher salary which stellios can vote against!
They are somewhat trapped at the moment, growing the business but not putting more money in as it’s not all there’s, directors that won’t be seeing their greater pay days as yet and a divi policy to starve investors out.
Neither can they buy shares on the open market I don’t think above 95p and it’s now trading at £1.02 but when you sell first offer is for 95p which will be them trying to hoover up.
Maybe after full results published it will show a direction but stellios will want serious cash to sell I imagine