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.
|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|
|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|
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%.
Retain forecasts for FY17E and FY18E
05 Oct 16
While LFL sales growth of 1.8% for the first 12 weeks of FY17 looked a little light, this was on the back of 2.8% growth in the prior period. H2 comps become easier to lap and Christmas bookings (festive trading comprises 15% of FY sales on average) are up 10% YoY.
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
EBITDA break-even reached, positive outlook
18 Jan 17
7digital’s FY16 revenues increased 7% y-o-y and EBITDA profitability was reached, as targeted, in Q4. New contract wins in FY16 set the stage for a stronger top-line performance in FY17 and we consider management’s reiterated target of operating profitability in FY17 as realistic. For an operationally geared growth company in its first year of profitability, the FY17e EV/EBITDA of c 12x looks attractive.
A year of expansion
17 Jan 17
Final results are broadly in line with our revised forecasts on most headline levels in what proved to be a difficult year for the Group. That said, it has significantly increased room capacity, which is now +40% ahead at the time of the IPO (+14.5% yoy), which improves its competitive position and offering. We are maintaining our headline forecasts, and with the dividend expected to be held for the foreseeable future producing an 8.7% yield with a NAV in excess of 180p, we continue to believe there is strong long term value offered at present.
Strong H1 17 performance, confident outlook for H2
20 Jan 17
Following on from the positive AGM statement at the end of November, MySale has released an upbeat pre-close trading update. Group revenue increased 6% to A$136.1m, while higher margin online revenue, now representing over 90% of the total group, experienced a strong rate of growth of 18% to A$126.5m. As a result, gross margin showed continued improvement of 270bps driving a 17% uplift in gross profit to A$38.4m (versus A$32.7m). Strong trading for the half, combined with a carefully controlled cost base, led to a doubling in EBITDA to A$3.0m. Management are confident going into the second half period and following the increase in guidance at the end of November, the company remains comfortable with current full year forecasts. More detail and an update on trading will be given at the interims expected on 1st March 2017.