Jan 28th 2013 - Edison Investment Research today published a report on PPHE Hotel (PPH.L, LSE:PPH, LON:PPH) entitled "Beating The Post-Olympic Blues". In summary, the report says:
PPHE has contradicted recent industry gloom by delivering continued buoyancy in key Q4 trading and a promise of full-year results (due early-March) well ahead of expectations. Once again, the company’s flagship asset, Westminster Bridge, looks to have stolen the show with impressive double-digit RevPAR gain. We are therefore raising our 2012 EBITDA forecast by €4m, with a larger impact at the PBT and EPS level thanks to operational gearing. While London 2012 is a hard act to follow, PPHE’s ability to outperform and increase room rate on historically high occupancy may again surprise in 2013, as may the forthcoming update on asset management.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »