PPHE’s trading update confirmed that trading was in line with expectations and that the new hotels are due to open in Q4 as planned. This is reassuring news and it appears that the business outlook for 2016/17 should be as expected. The soft openings of the new hotels and Riverbank extension will be key news for Q4, as well as the trading performance, but Q3 was if anything above our expectations. The shares trade at a significant discount to book value as adjusted for the real value of
04 Nov 2016
2016 Q3 Trading Update
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2016 Q3 Trading Update
PPHE Hotel Group Limited (PPH:LON) | 1,452 0 0.0% | Mkt Cap: 611.0m
- Published:
04 Nov 2016 -
Author:
Steve Clapham -
Pages:
5
PPHE’s trading update confirmed that trading was in line with expectations and that the new hotels are due to open in Q4 as planned. This is reassuring news and it appears that the business outlook for 2016/17 should be as expected. The soft openings of the new hotels and Riverbank extension will be key news for Q4, as well as the trading performance, but Q3 was if anything above our expectations. The shares trade at a significant discount to book value as adjusted for the real value of