New Bulletin Board Moron of the Week contest - sponsored by some scooter courier shop in Vietnam, #1 distributer for Telit
Management Consulting Group – half-year results, an ‘operational improvement implementer’ which needs some of its own medicine!
A letter to the chairman of the London Stock Exchange - why no independent review of the Telit fraud?
Published 13 days ago
Action Hotels (AHCG) the owner and manager of 3 and 4 star hotels in the Middle East and Australia, has opened of its second hotel in Bahrain, ibis Styles Manama Diplomatic Area.
Published 102 days ago
The April edition of the UK Investor Show Magazine is live featuring Metal Tiger, BMR, Harley Investments, Action Hotels and much more.
Published 119 days ago
On 20th April 2017, Action Hotels (AHCG) updated on a disappointing 2016, as well as that “trading in Q1 2017 is solid”. Hmmm…
Published 338 days ago
Action Hotels (AHCG) has announced results for the first half of 2016 and, noting “increasing demand for quality, internationally branded economy and mid-market hotels” in its Middle East and Australia areas of operation, “remains optimistic about the future as the group continues to deliver the pipeline”.
Published 359 days ago
With eleven completed hotels with 2,032 rooms across the Middle East and Australia, Action Hotels (AHCG) has updated on performance for the first half of the year – noting it “was positive… with both the group's Middle East and Australian hotels contributing strong average occupancies”.
Published 486 days ago
Action Hotels (AHCG) has announced results for the 2015 calendar year – with it“pleased” with “another year of growth… as we continue to execute and deliver our pipeline of three and four star hotels across the Gulf Cooperation Council and Australia into our profitable operating portfolio”.
Published 515 days ago
Action Hotels (AHCG) has announced the official opening of the largest hotel in its portfolio – the 368-room, new-build, ibis Styles Brisbane Elizabeth Street, bringing its operating portfolio to 10 hotels with 1,928 rooms.
Published 549 days ago
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”.
Published 828 days ago
Owner, developer and asset manager of branded economy and midscale hotels in the Middle East and Australia, Action Hotels (AHCG) has announced a maiden profit for 2014 and that “the first four months of 2015 have been encouraging”
Published 941 days ago
Shares in Action Hotels (AHCG) are now off 12% today at 54.5p. I have spoken to the company and it is not aware of any reason for the share price fall.
Published 952 days ago
Action Hotels (AHCG) has announced the completion of two new hotels in the Middle East and updated that it “is in discussions in relation to a number of opportunities across the Middle East”.
Published 971 days ago
Action Hotels (AHCG) has announced that it is to jointly acquire (with an option to later wholly acquire) land for $15.7 million for its first hotel development in Dubai.
Published 1043 days ago
AIM listed Action Hotels (AHCG) has announced another new hotel, this time in the UAE. It states that it is in the final stages of agreeing a long term management contract for a 104 room outlet in the commercial district of Ras al-Khaimah – the contract will kick in by September 2015.
Published 1067 days ago
Owner, developer and asset manager of branded economy and midscale hotels in the Middle East and Australia, Action Hotels (AHCG) has announced its results for the first half of the 2014 calendar year and that it is “in advanced discussions on a number of potential new hotel opportunities”.
Published 1109 days ago
Action Hotels (AHCG), the owner, developer and asset manager of branded economy and midscale hotels in the Middle East and Australia, has updated that “a memorandum of understanding has been signed with leading hotel operator Accor for the management of a new 160 room ‘Novotel’ hotel which will be built in the prime business district of Sharq in Kuwait City”. This is in addition to the pipeline of hotels announced at the time of IPO in December and makes the shares look cheap
Published 1227 days ago
Investment Case: Owner, developer and asset manager of branded economy and midscale hotels in the Middle East and Australia, Action Hotels plc (AHCG) has today announced its first set of results as a publicly traded company having joined AIM in December. Reporting like-for-like growth in occupancy of 4% (to 78%) and average daily rate per room of 6% to ($106), that “2014 has started well with occupancy levels remaining strong across the portfolio and encouraging growth in all of our key metrics” and declaring a dividend of 0.96p per share, whilst expecting to follow a progressive dividend policy, the shares are a buy at a 76p current offer price.