nk1999
09 Oct 2015
Investec From Citywire:"EasyHotel has a strong year and set for moreBudget hotel chain EasyHotel (EZH) has had a strong year and proven that its operational model works.Investec analyst Alex Paterson retained his ‘buy’ recommendation but lowered the target price from 117p to 100p. The shares fell 7.2% to 65.9p yesterday.‘EasyHotel’s year-end trading update shows good trading from its hotels and adjusted [earnings] is expected to be £1.4-£1.5 million,’ he said.‘However, the opening of the new hotels in both Liverpool and Manchester is now expected to be in late 2016 and we adjust our forecasts accordingly. Ways to accelerate the strategy implementation are being looked at and will be updated in December. We believe that the owned and franchised hotel model is working and retain our “buy” recommendation, but cut our target price from 117p to 100p on lower forecasts.’He added that new chief executive Guy Parsons ‘has a strong track record of building out budget hotels, opening one every 10 days at peak for Travelodge’ and he is ‘currently looking at how the strategy can be accelerated as well as how the core operation disciplines may be improved’."
equity_dev
08 Jan 2015
See company management present If you would like to see Simon Champion, CEO, present on behalf of easyHotel, with the opportunity to ask him questions please follow the link below. The forum will be held on 21st of January from 5pm, registration is free. [link] presenting are Anite and Flowgroup.Thanks,The Equity Development Team
