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.
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.
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