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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Owner, developer and asset manager of branded economy and midscale hotels in the Middle East and Australia, Action Hotels (AHCG) has announced a maiden profit for 2014 and that “the first four months of 2015 have been encouraging”
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Comments
Marvin
Technical question.
I thought dividends could only be paid out of realised profits.
AHCG has accumulated losses of 29m and the only other reserves are share premium and revaluation both of which, as I understand it, cannot be used to distribute a dividend.
How come it is able to pay a dividend ?
JustCurious
As well as answering Marvin’s question, I would ask if you have any concerns over there being a placing. The Company announced a new NOMAD and Broker at the same time as its results and its cash position could be stronger. Should shareholders be worried?