The 2015 All-Europe Research Team: Leisure & Hotels, No. 2: Jamie Rollo & team
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The 2015 All-Europe Research Team: Leisure & Hotels, No. 2: Jamie Rollo & team

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Morgan Stanley’s Jamie Rollo and his four-person team repeat in second place.

< The 2015 All-Europe Research Team

2015-03-tom-johnson-all-europe-research-team-jamie-rollo.jpg

Jamie Rollo & team

Morgan Stanley

First-place appearances: 11


Total appearances: 20


Team debut: 1995


Morgan Stanley’s Jamie Rollo and his four-person team repeat in second place. From his base in London, the 42-year-old researcher leads coverage on 30 European leisure and hotels stocks. One name that has attracted his squad’s attention over the past year is Bwin.Party Digital Entertainment, which is among the region’s largest online gaming operators. In January 2014 the analysts downgraded the Gibralter-based company from equal weight to underweight, citing weakness in its poker unit rather than risks of revenue losses from marketing cuts. In August, Bwin.Party management announced a year-over-year operating loss of €100.4 million ($137 million) for the first half of 2014. Adjusted earnings before interest, taxes, depreciation and amortization declined by nearly 24 percent, to €46.4 million — and poker revenue was off by 31 percent, at €44.1 million. In September, Rollo and his cohorts upgraded the stock, which had tumbled 23.2 percent since their downgrade, to €92.75, and lagged its peers by 26.5 percentage points. The executive team’s planned restructurings, primarily, earned the shares a boost to an equal weight rating. By the end of last month, they had climbed to €106.70, gaining 15 percent while the sector rose 17.5 percent.



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