Action Hotels (AHCG) has received further endorsement from the family of executive chairman Sheikh Murbarak Al-Sabah. His mother Sheikha Soud Al-Sabah has spent just shy of half a million pounds on 858,911 shares in the company to take the family's combined holding up to 66.4 per cent. This follows share purchases by both the chairman and his wife earlier this month.
IC TIP:
Buy
at
56p
Recently the group, which develops and owns branded mid-range hotels in the middle east, has been expanding its portfolio with the announcement that it will be opening its first hotel in Dubai. The 220 room hotel will be Novotel branded and situated in the highly sought after location of Dubai Healthcare City - conveniently owned in a 50:50 joint venture by Action Hotels and Sheikh Al-Sabah. Construction on the project is expected to begin imminently and completed by the end of 2017.
| Buys | |||||||
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Action Hotels ♥ | Mubarak Al-Sabah (ch) | 15 Jul 16 | 858,911 | 52.5 | 450,928 | 98,037,827 | 66.405 |
| Amino Technologies ♥ | Thomas Todd (ch) | 20 Jul 16 | 25,000 | 133 | 33,250 | 445,444 | 0.631 |
| BCA Marketplace | David Lis | 19 Jul 16 | 25,000 | 170.5 | 42,625 | 100,000 | 0.013 |
| BCA Marketplace | Piet Coelewij | 19 Jul 16 | 86,000 | 172.7 | 148,522 | 86,000 | 0.011 |
| BCA Marketplace | Stephen Gutteridge | 19 Jul 16 | 25,000 | 171.5 | 42,875 | 25,000 | 0.003 |
| Biotech Growth Trust (The) | Julia Le Blan | 20 Jul 16 | 4,000 | 665 | 26,600 | 4,000 | 0.007 |
| Biotech Growth Trust (The) | Kay Davies | 18 Jul 16 | 3,500 | 665 | 23,275 | 3,500 | 0.006 |
| Conygar Investment Company (The) | Nigel Hamway (ch) | 15 Jul 16 | 80,000 | 134.8 | 107,840 | 1,089,700 | 1.411 |
| Conygar Investment Company (The) | Preston Rabl | 15 Jul 16 | 40,000 | 134.8 | 53,920 | 1,525,480 | 1.975 |
| Conygar Investment Company (The) | Robert Ware (ce) | 20 Jul 16 | 100,000 | 133.5 | 133,500 | 4,500,000 | 5.827 |
| Crawshaw ♥ | Ken McMeikan | 14 Jul 16 | 180,000 | 83 | 149,400 | 180,000 | 0.228 |
| Crest Nicholson Holdings | Pamela Alexander | 19 Jul 16 | 4,777 | 418.6 | 19,997 | 4,777 | 0.002 |
| Cyan Holdings * | John Read | 15 Jul 16 | 2,694,166 | 0.18 | 4,849 | 46,734,531 | 0.330 |
| Cyan Holdings * | John Cronin (ch) | 15 Jul 16 | 103,891,389 | 0.18 | 187,005 | 282,244,537 | 1.995 |
| Cyan Holdings * | Harry Berry | 15 Jul 16 | 12,362,361 | 0.18 | 22,252 | 59,243,297 | 0.419 |
| Cyan Holdings * | Simon Smith (cfo) | 15 Jul 16 | 42,477,778 | 0.18 | 76,460 | 168,355,466 | 1.190 |
| Cyan Holdings * | Paul Ratcliff | 15 Jul 16 | 2,967,777 | 0.18 | 5,342 | 5,745,527 | 0.041 |
| Dixons Carphone | Sally Morgan | 14 Jul 16 | 7,000 | 330 | 23,100 | 7,991 | 0.001 |
| EKF Diagnostics Holdings ♥ | Chris Mills (ch) | 15 Jul 16 | 9,000,000 | 14.89 | 1,340,100 | 127,100,000 | 27.377 |
| EKF Diagnostics Holdings ♥ | Chris Mills (ch) | 19 Jul 16 | 2,900,000 | 15 | 435,000 | 130,000,000 | 28.001 |
| Electra Private Equity | David Lis | 19 Jul 16 | 1,000 | 3740 | 37,400 | 1,000 | 0.002 |
| Electra Private Equity | David Lis | 19 Jul 16 | 1,500 | 3761.2133 | 37,612 | 2,000 | 0.005 |
| Electra Private Equity | Edward Bramson | 15 Jul 16 | 300 | 3711.5 | 11,135 | 11,425,398 | 28.372 |
| Electra Private Equity | Edward Bramson | 15 Jul 16 | 388 | 3695.9 | 14,340 | 11,425,786 | 28.373 |
| Elegant Hotels | Simon Sherwood (ch) | 14 Jul 16 | 22,639 | 66.2 | 14,987 | 1,872,028 | 2.108 |
| Faroe Petroleum | Jonathan Cooper (cfo) | 19 Jul 16 | 25,714 | 70 | 18,000 | 200,957 | 0.056 |
| Faroe Petroleum | Graham Stewart (ce) | 19 Jul 16 | 71,428 | 70 | 50,000 | 1,025,278 | 0.287 |
| Faroe Petroleum | Helge Hammer | 19 Jul 16 | 42,857 | 70 | 30,000 | 544,481 | 0.152 |
| Faroe Petroleum | John Bentley (ch) | 19 Jul 16 | 71,428 | 70 | 50,000 | 172,270 | 0.048 |
| Faroe Petroleum | Timothy Read | 19 Jul 16 | 50,000 | 70 | 35,000 | 160,000 | 0.045 |
| LXB Retail Properties ♥ | John Irvine | 14 Jul 16 | 1,408,472 | 59.9 | 843,675 | 6,126,041 | 3.639 |
| LXB Retail Properties ♥ | John Irvine | 15 Jul 16 | 69,265 | 60 | 41,559 | 6,195,306 | 3.680 |
| MS International ♥ | Michael O'Connell (fd) | 18 Jul 16 | 2,744 | 148 | 4,061 | 1,554,183 | 9.417 |
| MS International | Michael O'Connell (fd) | 18 Jul 16 | 10,399 | 148 | 15,391 | 1,551,439 | 9.400 |
| Marwyn Management Partners ♥ | James Corsellis | 14 Jul 16 | 2,867,595 | 2.5 | 71,690 | 2,892,595 | 0.383 |
| Marwyn Management Partners ♥ | James Corsellis | 15 Jul 16 | 265,500 | 2 | 5,310 | 3,158,095 | 0.418 |
| Marwyn Management Partners ♥ | Mark Brangstrup Watts | 14 Jul 16 | 2,867,585 | 2 | 57,352 | 2,892,585 | 0.383 |
| Marwyn Management Partners ♥ | Mark Brangstrup Watts | 15 Jul 16 | 265,500 | 2 | 5,310 | 3,158,085 | 0.418 |
| Norcros | Shaun Smith (fd) | 15 Jul 16 | 20,000 | 157 | 31,400 | 20,000 | 0.033 |
| Picton Property ome | Nick Thompson (ch) | 20 Jul 16 | 15,000 | 68 | 10,200 | 133,366 | 0.025 |
| Plastics Capital | Keith Butler-Wheelhouse | 14 Jul 16 | 47,500 | 97.2526 | 46,195 | 147,500 | 0.417 |
| President Energy ♥ | Peter Levine (ch & ceo) | 15 Jul 16 | 150,000 | 7.875 | 11,813 | 122,488,336 | 23.317 |
| Prime People | John Lewis | 19 Jul 16 | 17,750 | 86 | 15,265 | 1,036,750 | 8.492 |
| Rambler Metals and Mining | Glenn Poulter | 19 Jul 16 | 3,000,000 | 3.75 | 112,500 | 3,000,000 | 0.724 |
| Sanderson | Adrian Frost (fd) | 20 Jul 16 | 10,000 | 66.99 | 6,699 | 277,421 | 0.506 |
| Sanderson | David Gutteridge | 18 Jul 16 | 30,000 | 66.87 | 20,061 | 575,000 | 1.048 |
| ScS | Alan Smith (ch) | 15 Jul 16 | 6,667 | 150 | 10,001 | 18,096 | 0.045 |
| Secure Trust Bank | Michael Forsyth | 19 Jul 16 | 1,200 | 1990 | 23,880 | 1,200 | 0.007 |
| Sepura | Gordon Stuart | 18 Jul 16 | 5,333 | 35 | 1,867 | 21,333 | 0.006 |
| Sepura ♥ | Gordon Watling (ceo) | 18 Jul 16 | 66,732 | 35 | 23,356 | 609,224 | 0.165 |
| Sepura | Gordon Watling (ceo) | 18 Jul 16 | 238,538 | 35 | 83,488 | 542,492 | 0.147 |
| Sepura | Russell King (ch) | 18 Jul 16 | 14,286 | 35 | 5,000 | 34,286 | 0.009 |
| Sepura | Sion Kearsey | 18 Jul 16 | 2,433,657 | 35 | 851,780 | 10,433,657 | 2.819 |
| Sepura | Nigel Smith | 18 Jul 16 | 7,111 | 35 | 2,489 | 28,444 | 0.008 |
| St Ives ♥ | Matt Armitage (ceo) | 19 Jul 16 | 100,000 | 83.875 | 83,875 | 466,931 | 0.328 |
| St Ives ♥ | Richard Stillwell (ch) | 15 Jul 16 | 23,000 | 80.17 | 18,439 | 90,000 | 0.063 |
| Volex | D Morris (cfo) | 18 Jul 16 | 25,000 | 40.8 | 10,200 | 345,000 | 0.382 |
| Workspace | Daniel Kitchen (ch) | 18 Jul 16 | 7,200 | 685.5 | 49,356 | 44,700 | 0.027 |
| Workspace | Stephen Hubbard | 18 Jul 16 | 7,140 | 691.8564 | 49,399 | 15,290 | 0.009 |
*Placing/tender/open offer ♥Spouse/connected party | |||||||
