Mar 14th 2013 - Edison Investment Research today published a report on PPHE Hotel (PPH.L, LSE:PPH, LON:PPH) entitled "Striking Gold". In summary, the report says:
PPHE continues to impress as by dint of operational gearing and efficiencies its sustained H2 buoyancy has delivered 2012 results comfortably ahead of even recently raised forecasts. Although London was the driver, this was no mere Olympics boost but a function of clear market outperformance throughout the period. We believe this should continue (the company’s flagship Westminster Bridge is going from strength to strength) and also point to the prospect of more active asset management highlighting the NAV discount, which remains excessive (46%), even after recent price appreciation.
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