Analyst Research Report Snapshot

Title:

PPHE HOTEL GROUP - MORE OF THE SAME

Price:

$10.00

Provider:

Edison Investment Research

Date:

02 Sep 2013

Pages:

5

Type:

AcrobatPDF

Companies referenced:

PPH.L

Available for Immediate Download
Summary:

Premium RevPAR growth in London continues to drive PPHE. Robust trading and margin delivery saw the capital’s H1 local currency EBITDA up c 10%, which is impressive in tough times. Despite a demanding Olympic comparative, essentially unchanged full-year forecasts may prove cautious, given the potential for lucrative rate-led RevPAR on near-capacity occupancy and the scope for PPHE’s operational gearing to surprise, as last year. Asset sales remain on the cards, which should be a further catalyst for a share price at an excessive discount (c 45%) to NAV.

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.