TX2
15 Feb 2016
Trading Update Company appears to be doing well,on the face of it very cheap but the market is perhaps with some reason sceptical at the moment of investing in the Middle East.I retain a modest holding.
nk1999
17 Oct 2015
IC Tip At 53p:"Yet shares in the company have been largely ignored by the market since its 2013 IPO, and now look great value trading at a 37 per cent discount to adjusted net asset value (NAV) per share of 129¢ (84p).""Expansion of the portfolio in the next year means earnings growth isn't expected to bounce until 2017 when EPS is forecast to more than double to 3.8¢. The wide bid-offer spread on the shares is an issue, but considering the growth potential and the wide discount to NAV we think it is a risk worth taking. Throw in cheap debt and a strong development pipeline, and Action is set and ready for big things. Buy.Last IC view: Hold, 75p, 8 Apr 2014"
TX2
11 May 2015
Results. Seems to be making decent progress with new openings.
NCMR
27 Feb 2015
Re: Thoughts Thank you, much appreciated
TX2
26 Feb 2015
Re: Thoughts Probably suffering a bit from being in the wrong place at the wrong time.Middle East/Falling oil prices perhaps with a fall in tourist traffic due to political probs(Isis) albeit the latter not actually in its area of operation.However it has an interesting business offer cheaper 3 star hotels in a market where expensive 5 star is the norm.So far results seem reasonable with signs of uplift in business in spite of above negatives but it is early days.Shareprice is largely book asset backed,frankly I don't see any immediate catalyst to improve shareprice and only a small free float.But if/when all hotels come into operation should see increase in trade and hopefully profits.I have a fairly small holding bought recently might add after results if in line with expectations.
NCMR
26 Feb 2015
Thoughts I am finding it difficult to see a compelling reason to stay with this stock - anyone have any views to the contrary?
