By Michele Maatouk
Date: Friday 22 Jan 2016
LONDON (ShareCast) - (ShareCast News) - Action Hotels founder and chairman, Mubarak Al-Sabah, purchased 1.5m shares in the Middle East and Australian hotel operator at 48p each from development director Rawaf Bourisli.
Following the deal, Al-Sabah has 97m shares, or a 65.74% stake in the company, while Bourisli now has a 0.77% stake.
Elsewhere, Adrian Collins, a non-executive at City Natural Resources High Yield Trust, picked up some shares in the company this week.
He bought 25,000 shares at 67.25p each, bringing his total holding to 100,000.
Back in December, Action Hotels agreed a joint venture with Action Group Holdings to buy a leasehold interest in a building in Ras Al Khaimah in the UAE from Action Real Estate Co.
The company said at the time the deal would have a positive impact on its income statement and balance sheet. Return on equity and cash on cash returns are expected to be significantly higher at 13.2% and 10.6% respectively at year three of operations.
Top Director Buys
Action Hotels (AHCG)
Director name: Sheikh Mubarak A M Al-Sabah
Amount purchased: 1,476,662 @ 48.00p
Value: £708,798
7Digital Group (7DIG)
Director name: Sir Donald Cruickshank
Amount purchased: 653,000 @ 6.12p
Value: £39,964
City Natural Resources High Yield Trust (CYN)
Director name: Mr Adrian John Reginald Collins
Amount purchased: 25,000 @ 67.25p
Value: £16,812
Top Director Sells
Action Hotels (AHCG)
Director name: Mr Rawaf Bourisli
Amount sold: 1,476,662 @ 48.00p
Value: £708,798
Rotala (ROL)
Director name: Mr John Gunn
Amount sold: 120,000 @ 75.50p
Value: £90,600
Rotala (ROL)
Director name: Mr Frank Geoffrey Flight
Amount sold: 80,000 @ 75.00p
Value: £60,000
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Currency | UK Pounds |
Share Price | 171.50p |
Change Today | 4.00p |
% Change | 2.39 % |
52 Week High | 187.00 |
52 Week Low | 152.00 |
Volume | 601,621 |
Shares Issued | 66.89m |
Market Cap | £114.71m |
RiskGrade | 168 |
Value |
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Price Trend |
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Income |
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Growth |
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Latest | Previous | |
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2nd Interim | 1st Interim | |
Ex-Div | 25-Jan-24 | 26-Oct-23 |
Paid | 23-Feb-24 | 27-Nov-23 |
Amount | 1.26p | 1.26p |
Time | Volume / Share Price |
16:35 | 70 @ 171.50p |
16:35 | 70 @ 171.50p |
16:28 | 107 @ 171.00p |
16:28 | 2,023 @ 171.00p |
16:28 | 2,130 @ 171.00p |
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