Analyst Research Report Snapshot

Title:

PPHE (PPHE.L) Delivering Service

Price:

$23.00

Provider:

Hardman & Company

Date:

06 Mar 2013

Pages:

3

Type:

AcrobatPDF

Companies referenced:

PPH.L

Available for Immediate Download
Summary:

PPHE, the owner and operator of Park Plaza hotels in Europe, has issued a strong set of FY12 results with normalised PBT +77% to €24m. The group is clearly outperforming the wider European market, benefiting from its high-end metropolitan focus. The shares have jumped over 30% since August but still trade on a 47% discount to net assets.

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