Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Ahead of April scheduled results for 2015, Action Hotels (AHCG) has updated that its “nine operational hotels performed strongly and in line with expectations” and that “an increase in reported net asset value is expected as a result of new hotel openings, upward revaluations of existing properties and new additions to the portfolio”.
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Comments
uriah heep
In my view the net assets are not something PIs are going to get their hands on so this share can only be valued on a dividend yield basis. This is not too bad but the latest RNS strangely does not mention profit before tax.