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I'm sure Uk in general and London in particular will
do a lot better as a Tourist Destination, once the IRA get their house in
order.
I'm also quite certain that Political stability in NZ
goes a long way towards building our Tourist industry.
People just want a holiday - no hassles, not too much
excitement.
Ceejay
PS.. perhaps we should change towards driving on the RH
side of the road..
The old story goes that the Irish planned to do it, but to
make it easier, they suggested to
do it in stages..
Trucks this week, Cars next week...
CJ
----- Original Message -----
Sent: Wednesday, March 07, 2001 9:40
AM
Subject: Re: [sharechat] BRY
-Thistle
David, you may have already seen this article, it says that the foot and
mouth scare has already hurt Thistle's turnover - some downgrades in the
future may be likely if the problems continue.
Best Regards, Ben Dutton
----- Original Message -----
Sent: Wednesday, March 07, 2001 9:31
AM
Subject: [sharechat] BRY -Thistle
Lehman Brothers has reiterated its “market underperform” rating on
Thistle Hotels (THO
- news),
which opened at 145p, following yesterday’s full-year
results.
Analyst Sharon Lawley argues, “While there is further growth ahead as the
hotels are renovated and uplifts in average rates ensue, there are limited
expansion opportunities for the company as it has little availability to
capital.”
The company posted a 0.7% rise in 2000 pretax profit to £68.2m, above
Lehman’s forecast of £63.5m. Adjusted earnings per share rose 6.7% to 11.1p.
London, where the group operates 23 of its 56 hotels, performed particularly
well, with revenue per room growth up 9.5%. Looking ahead, the outlook for
trading this year appears positive. Sales and revenue per available room
have grown by more than 10% in the first eight weeks of this year.
On the downside, Thistle may feel the pinch of a US slowdown and the
stock's decent run since October has been fuelled by hype surrounding a
possible bid for the group.
Lehman forecasts 4.5% growth in revenue per room in London and 2% in the
regions for 2001.
D.
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