Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on EASYHOTEL PLC. We currently have 29 research reports from 3 professional analysts.
|29Nov16 07:00||RNS||Final Results for the year ended 30 September 2016|
|15Nov16 04:02||RNS||Potential freehold acquisition|
|14Nov16 07:00||RNS||Completion of Barcelona site acquisition|
|08Nov16 02:00||RNS||Notice of Final Results|
|02Nov16 07:00||RNS||New franchise hotel in Reading|
|26Oct16 09:14||RNS||Holding(s) in Company|
|20Oct16 05:19||RNS||Holding(s) in Company|
Frequency of research reports
Research reports on
N+1 Singer - easyHotel - Reassuring finals & tenor
29 Nov 16
EasyHotel has delivered solid results this morning with PBT up 38% to £1.1m vs consensus at £0.8m and LFL for company owned units +13%. Whilst there is no new news re new development initiatives the tenor is positive. Comments on current trading are reassuring with increased inbound tourism and staycation cited as favourable feature post Brexit. With funding recently secured to support mid-term growth and the new team having had a positive impact in the last 12m in terms of developing a site pipeline, easyHotel continues to look an attractive growth story on a 2-3 year view. We remain positive.
N+1 Singer - Morning Song 29-11-2016
29 Nov 16
Vp has reported another impressive set of interims, confirming strong growth in most markets and a positive outlook. Recent acquisitions are bedding in well and the full year outturn is set to exceed previous expectations (5%/6% EPS upgrades in FY17/FY18). The recent Capital Markets Day provided a reminder of Vp’s qualities (specialist focus, high returns, strong cash generation) and its growth potential, which in our view are not reflected in a modest <11x P/E rating. We firmly believe the shares are due a re-rating and see intrinsic value in excess of 800p.
16 Aug 16
CAMBRIDGE COGNITION HLDGS PLC (COG LN) | CIRCLE HLDGS PLC (CIRC LN) | EARTHPORT PLC (EPO LN) | EASYHOTEL PLC (EZH LN) | ILIKA PLC (IKA LN) | MARSHALL MOTOR HLDGS PLC (MMH LN) | OROSUR MINING INC (OMI CN) | PETARDS GROUP (PEG LN) | ROXI PETROLEUM PLC (RXP LN) | UBISENSE GROUP PLC (UBI LN)
N+1 Singer - Uncovered Gems - Speed Dating Lunch - Three delicious courses – all worth a tip
26 Jul 16
Yesterday we hosted our first “speed dating” lunch at our offices with the management teams of three interesting and contrasting companies. Each has featured in one of our recent Microcap Uncovered Gems notes and/or other sector and quant work. Each company gave a punchy and brief overview of its business and investment case to a group of fund managers before rapid fire Q&A. Below we summarise our own thoughts on easyHotel, Hayward Tyler and Plastics Capital and inside we give more information on these companies including recent slide decks. We believe all three companies are very well managed and deserve a close look. We will repeat this efficient format for engaging with managements in due course.
05 Dec 16
These interims show LPEs by is ahead of its plan to recruit 360 LPEs by April 2017 and is making impressive progress in Australia. The statement (and we expect the results presentation) provide considerable evidence of Purplebricks’ progress in building its brand, increasing its LPE footprint, developing its technology, creating engaging marketing and selling properties. We leave our forecasts unchanged. Investor confidence in Purplebricks’ ability to deliver sustainable profitable growth should result in share price appreciation towards a valuation based on its results for the year ended April 2019.
Joy of Techs
21 Nov 16
ICT evolution is driven by technological development as advances are made which both meet and shape customer requirements. Our 2011 note No such thing as a telco described the modern reality in that former ‘telcos’ now deliver varying elements of a range of managed services. We built on this theme last year, exploring in further detail their evolutionary paths, operating fundamentals, and cashflow yield similarities. In the consumer environment, demand for bundles of technology is complemented by demand for content. Across the pond, the mooted combination of AT&T and Time Warner typifies the bundled need of ‘pipe’ and content, since unbundled alternatives such as FaceTime and WhatsApp can be easier and clearer to chat over, and Amazon and Netflix are easier to watch anywhere. In the UK, BT’s defensive actions cover delivery, content and capabilities, acquiring EE yet also buying football rights. While TV was long ago added to triple play to become quad play, voice is now merely an app, and fixed and mobile seen as just dumb pipes: it's the content that will influence consumer choices. Growth of TV and film as well as music and gaming over IP leads to UK small cap opportunities. In context of the drive to maximise value from pipes and access by offering content and data, we look at some amongst the potential tech small cap beneficiaries: Amino*, Keyword Studios, ZOO Digital*, 7digital*, KCOM* and CityFibre*.
Successfully engaging players
06 Dec 16
Stride has a clear focus on online bingo and soft gaming and is growing rapidly, with FY16 l-f-l revenue up 22%. The acquisitions of Tarco and 8Ball at the end of FY16 doubled its share of the UK bingo-led market from 5% to 10% and should deliver material synergies from FY17. Our unchanged FY17 estimates are for 11% EPS growth and strong cash generation. We expect organic growth to be augmented by further accretive acquisitions in due course. Stride’s FY17 P/E is 10.3x and the calendarised EV/EBITDA is only 7.1x, implying considerable share price upside potential.
Small Cap Breakfast
07 Dec 16
Creo Medical group—Schedule 1 update.. £20m raise. Expected market cap £61.2m, admission expected 9 December. ECSC—Schedule 1 from provider of cyber security services. Raising £5m. Vendor sale £0.8m. Target date 14 Dec. Expected market cap £15m. RM Secured Direct Lending - The secured direct lending fund intends to float on the Main Market on 15 December raising up to £100m
Upping its game
21 Sep 16
32Red’s brand punches above its weight in the UK online casino market. Management has adopted a more aggressive stance since mid-2015, both in terms of marketing and with the highly accretive £8.4m Roxy Palace acquisition. Interims show H116 EBITDA rising to £4.5m (H115: £1.2m) and we initiate with forecast EPS more than doubling in 2016 and growing by over 65% between 2016 and 2018. Yet the 2016e P/E is only 13.5x and our peer group comparison and DCF suggest a value of 193-247p per share, 46-86% above the current share price.