Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on PPHE HOTEL GROUP LTD. We currently have 57 research reports from 3 professional analysts.
|17Feb17 08:00||RNS||Notice of General Assembly|
|30Jan17 07:00||RNS||Trading Update|
|23Dec16 13:36||RNS||Approval of Capital Contribution|
|21Dec16 13:03||RNS||Transfer of Assets|
|09Dec16 08:00||RNS||Acquisition of freehold of two hotels in Germany|
|16Nov16 14:03||RNS||Notification on the Admission|
|15Nov16 18:30||RNS||Grant of Share Options|
Frequency of research reports
Research reports on
PPHE HOTEL GROUP LTD
PPHE HOTEL GROUP LTD
Going to plan
03 Feb 17
PPHE has again ended the year on a strong note, which is positive given the significance of Q4 and a demanding comparative. Overall rate-led RevPAR buoyancy (we estimate double-digit like-for-like gain in the quarter), driven by continued pickup in London and currency, reinforces confidence that 2016 profit expectations will be met. 2017 should see initial material benefit of transformative investment (c 900 rooms in London) despite the delayed opening of Park Royal (now likely by end Q117).
2016 Q4 Trading Update
02 Feb 17
PPHE’s trading update confirmed that trading was in line with expectations and that the new year had started well. This is reassuring news and it appears that the business performance has acclerated in Q4, although the comparison is distorted by the Croatian acquisition and new openings. Nevertheless, we are encouraged. The stock continues to trade at a significant discount to the real value of the assets, a value to be further boosted when the new hotels open, and we expect the discount to narrow.
The Quest for Dividends
01 Feb 17
The Dow Jones Index has just breached the 20,000 mark, the first time in its 131- year history that it has done so, whilst the FTSE-100 Index has also been at record levels in recent weeks. The election of the controversial Donald Trump as the new US President, and more specifically the impact of his planned expansionist economic policies, have boosted stock markets, both in the US and in the UK.
The Monthly January 2017
09 Jan 17
Despite all the hullaballoo of the Brexit vote and the subsequent election of Donald Trump as the next US President, the UK stock market prospered last year, especially in the latter few months of 2016. The combination of a depreciating currency – making $ earnings more valuable in relative terms - and the Trump emphasis on infrastructure expenditure drove the stock market higher
Time to check in
12 Dec 16
Transformative investment is set increasingly to benefit PPHE. While consolidation of its Croatian resort businesses is already paying off (double-digit rise in room rate in Q3), imminent expansion in London (c 900 rooms) and extensive renovations should bring a step change in growth opportunity. Meanwhile, PPHE’s Q3 trading update expressed confidence it should continue to brave headwinds to meet its 2016 results expectations. Strong finances are evident in August’s special dividend of 100p/share and successful hotel refinancings, which underline substantial hidden reserves (‘fair value’ adjustment of c 1,000p/share to reported 803p NAV).
17 Nov 16
Topic of the quarter: Following on from our last quarterly we have delved further into the potential and challenges that the Internet of Things present the sector. Having spoken to a wide variety of companies from the sector (large and small, UK and overseas) it is apparent that there is going to be a very significant increase in the amount of data either generated by or available to Support Service companies. The key to generating value from this change will be breaking down the silos in which data is currently held, attracting and investing in the right skills and talent, seeing beyond the short-term investment that is likely to be needed and engaging with clients on a higher, more strategic level. If the sector doesn’t react, then the door is wide open for the Technology sector.
20 Feb 17
Hayward Tyler Group* (HAYT): Trading update and financial position (CORP) | Petra Diamonds (PDL): Interim results (BUY) | Gemfields* (GEM): Interim results (CORP) | Premaitha Health* (NIPT): Middle East momentum (CORP) | Sound Energy (SOU): Acquisition update and TE-8 well spud (HOLD) | Proactis* (PHD): Interim trading on track (CORP) | 7digital* (7DIG): Automotive contract win (CORP)
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
The Crown Joules
15 Feb 17
We believe that own-brand retailers that operate a balanced multi-channel proposition will be well placed to prosper in a competitive apparel market going forward. Joules is one company in particular which we believe will outperform the sector given its loyal and growing customer base, distinctive brand and strong track record of opening profitable space. We initiate coverage on the shares with a buy recommendation and price target of 249p, implying upside of 16.9% over the prevailing market price.
N+1 Singer - Carpetright - Recovery has just begun
17 Feb 17
With UK LFLs up 6.8% in Jan against tough comparatives, and Europe LFLs up 5.4% in Q3, the first clear evidence is now visible that the transformation strategy is gaining momentum. Given some uncertainties, market forecasts are yet to reflect this, but upgrades seem likely as further initiatives are rolled out. Despite a recent bounce from its all time low, the valuation is still very low on consensus assumptions, where risk now appears to be shifting to the upside. With scope for re-rating too, our 300p target price has the scope to grow to 500p over 18 months. We re-initiate with a Buy.
Panmure Morning Note 19-01-2017
19 Jan 17
Pets at Home have released a Q3 trading update this morning that will disappoint the market. Group like-for-like revenue growth was just +0.1% through 3Q16 as subdued trading across the Merchandise business weighed on continued strong growth in Veterinary Services. Profit outlook for FY17 remains in line with expectations. Suspect the shares will come under pressure.