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.
|14Mar17 16:30||RNS||Holding(s) in Company|
|14Mar17 14:21||RNS||Holding(s) in Company|
|10Mar17 07:00||RNS||Directors' Dealing|
|06Jan17 07:00||RNS||Amendment to Warrant Instrument|
|05Jan17 09:02||RNS||Directors' Dealings|
|04Jan17 07:00||RNS||Closely Associated Person Dealing|
|05Dec16 07:00||RNS||Opening of Mercure Sohar, Oman|
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 21-03-2017
21 Mar 17
accesso Technology (ACSO LN) Full year results in line, but key trading months still ahead | Augean (AUG LN) Double digit growth in ’16, good start to ‘17 | Earthport (EPO LN) Interims show continued top line strength | Goals Soccer Centres (GOAL LN) Good momentum under new team. It’s now all about delivery | IQE (IQE LN) FY’16 results prompt further upgrades | Microsaic Systems (MSYS LN) Challenges in 2016, strategy remains in place | mporium Group (MPM LN) Funds raised to help execute strategy | RhythmOne (RTHM LN) Dawn of the independents | ScS Group (SCS LN) Strong progress on key growth initiatives albeit comps now toughen | Sinclair Pharma (SPH LN) FY results: EBITDA ahead, Instalift™ gaining pace | Vectura Group (VEC LN) FY (9-month) results
N+1 Singer - ScS Group - Strong progress on key growth initiatives albeit comps now toughen
21 Mar 17
Whilst interim results are complicated by timing differences around order deliveries (flattery of c£1.9m) and rephasing of marketing (drag of c£1.9m), adjusted EBITDA improved by c£1.7m on an underlying basis – moving ScS into positive territory in its historically loss-making first half. Good progress was made on all 4 growth strategies and it maintained its 5-star score on Trustpilot. Whilst LFL order intake is down c5-6% in current trading, this reflects weak retail park footfall in Feb (not a conversion issue) and it has seen an improvement since the start of March. This means it is on track to meet FY expectations. Reassuring dynamics on margins & costs may add to investor relief, with the shares on <2x EV/EBITDA.
N+1 Singer - Goals Soccer Centres - Good momentum under new team. It’s now all about delivery
21 Mar 17
2016 finals have come in marginally below consensus PBT forecasts but this should not detract from positive operational and strategic momentum. There is still much work to do, but the tenor of the results is encouraging and management signals a good start to FY17. The main surprise is news of a third USA site opening. We tweak our FY17/18 PBT forecast up by 2% and stay at Buy on recovery grounds with a 140p 12m TP.
N+1 Singer - N1S Trend spotting - Strategy update
08 Mar 17
In this new product we present some strategy theme updates arising out of our latest analysis of macro trends and economic data and our innovative Quant work. We also look at upcoming events and suggest topping up on some of our Best Ideas for 2017.
Interim results confirm solid peak Pier trading
21 Mar 17
1H results demonstrate positive progress in both divisions, with a solid first peak trading contribution from the Pier and rationalisation/stabilisation of the Bars business. Trading is expected to remain in-line with market expectations, with management reiterating ambitions for further strategic acquisitions of experiential leisure sites. Our underlying forecasts are substantially unchanged, save for a one-off lower tax rate boosting FY17 EPS. BUY, 150p target price.