Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on ACTION HOTELS PLC. We currently have 10 research reports from 4 professional analysts.
|05Dec16 07:00||RNS||Opening of Mercure Sohar, Oman|
|18Nov16 11:50||RNS||Result of EGM|
|07Nov16 07:00||RNS||Sale of Sharq Investment Land|
|01Nov16 07:00||RNS||Notice Convening Extraordinary General Meeting|
|20Oct16 07:00||RNS||ibis Brisbane Elizabeth Street wins award|
|17Oct16 07:00||RNS||Action Hotels announces new hotel in Melbourne|
|11Oct16 04:22||RNS||Change of registered office address|
Frequency of research reports
Research reports on
ACTION HOTELS PLC
ACTION HOTELS PLC
Small Cap Breakfast
05 Dec 16
Big Sofa Technologies— Schedule 1 from the b2b technology company providing video analytics at an enterprise level. Seeking to complete RTO of unlisted HubCo investments. Raising £6.1m. Target date 19 December. ECSC—Schedule 1 from provider of cyber security services. Raising £5m. Vendor sale £0.8m. Target date 14 Dec. Expected market cap £15m. RM Secured Direct Lending - The secured direct lending fund intends to float on the Main Market on 15 December raising up to £100m Creo Medical Group - UK based medical device company focused on surgical endoscopy, a recent development in minimally invasive surgery. Admission due 7 December. £20m to be raised on Admission with anticipated market cap of £61.2m
New hotel in Melbourne
17 Oct 16
Action Hotels has announced a new hotel in a highly desirable location in Melbourne. This would be its fourth Australian hotel and is a market it knows well with two existing sites in the city. The hotel is expected to open in 2018, and would take its room count close to 3,500 with adjusted EBITDA of $50m in sight. We see this as an exciting development and will adjust our forecasts when the commercial terms become more clear closer to the time. In the meantime, the 2016 dividend yield is 7% and the near term NAV is >100p at current FX. We believe this is a highly attractive investment opportunity with a proven operating model executed by a first class management team.
Solid H1 progress, on track for full year
12 Sep 16
Action Hotels has delivered a robust set of H1 results with adjusted EBITDA progressing +18% YOY as significant investment continues to be made driving +30% YOY increase in rooms (now running in excess of 2,000 rooms). We maintain our headline forecasts on the back of these results, albeit these are slightly more H2 weighted (65% vs. 61% at the adjusted EBITDA level) vs. last year. At current $ spot rates the NAV is likely to exceed 100p if we adjust for the deferred tax provision, and is also backed with a dividend yield of 4% implying compelling value at current levels in our view.
A strong year of progress
18 Apr 16
Action Hotels has delivered a strong set of results, which are in line with our forecasts at the headline revenue and adjusted EBITDA level. The NAV has come in slightly ahead of our forecasts, which is encouraging. We are maintaining our forecasts for now, but remain confident in the investment case, which was set out in our initiation note last week. We continue to believe the shares should be worth in excess of 90p over the medium term, which drives significant upside potential from current levels.
Checking into structural growth
12 Apr 16
Action Hotels (Action) is a profitable, fast-growing hotel business with a strong management team and proven track record of meeting targets and delivering its pipeline. The company serves the undersupplied mid-market/economy segment of the hotel market in the Middle East and Australia and has local expertise in identifying and developing appropriate sites. We believe the current valuation is compelling, backed by a conservative 2014A NAV of 83p, which represents a c.38% discount to the current share price, sector leading growth potential and a dividend yield of 5%.
N+1 Singer - Morning Song 30-11-2016
30 Nov 16
Sanderson has delivered full year results in line with expectations and the 19 October trading update after a strong finish to the year compensated for a slower start. A healthy level of pre-contracted recurring revenue (50%), incremental sales to existing customers and new customer wins at higher average order values helped deliver solid revenue growth in both the Digital Retail (+9%) and Enterprise (+12%) divisions. A decent order book and good sales momentum suggest that the company is on track to deliver on unchanged profit expectations for the current year. We continue to view the valuation (FY17 EV/EBITDA 8.6x) as undemanding given an attractive combination of accelerating growth potential, strong cash generation and growing dividends.
30 Nov 16
Abzena (ABZA): Interim results indicate happy customers (BUY) | Horizonte Minerals* (HZM): Fund raise completed (CORP) | SacOil* (SAC): Half-year trading statement (CORP) | Revolution Bars (RBG): New openings (BUY) | Amino Technologies* (AMO): Multi operator FUSION roll out (CORP)
N+1 Singer - Marston's - Delivering growth and standing out from the pack
30 Nov 16
Marston’s is our solitary positive stock pick in the sub-sector. Recent finals reflected a year of further strategic, LFL and earnings progress. We believe it is operationally in a strong shape to make further solid progress in FY17, not least as it does not have the acquisition integration or turnaround issues confronting GNK, MAB and RTN. Moreover, it is relatively better positioned to manage the cost headwinds. We forecast 11% TSR returns in FY17 and feel the shares with a 5.5% historical yield and 12% FCF yield (FY17e) are oversold. We are buyers with a revised 12m TP of 150p.
05 Dec 16
These interims show LPEs by is ahead of its plan to recruit 360 LPEs by April 2017 and is making impressive progress in Australia. The statement (and we expect the results presentation) provide considerable evidence of Purplebricks’ progress in building its brand, increasing its LPE footprint, developing its technology, creating engaging marketing and selling properties. We leave our forecasts unchanged. Investor confidence in Purplebricks’ ability to deliver sustainable profitable growth should result in share price appreciation towards a valuation based on its results for the year ended April 2019.