Whitbread Share Discussion Threads

[philanderer] 03/12/2019 17:45

Whitbread: the majority of the group is now represented by Premier Inn following the sale of Costa Coffee, and is therefore largely in the hands of the hotels market. As business confidence wanes given the uncertain economic outlook in the UK, corporate business travel expenditure is at risk. In an effort to spread its wings, Whitbread is looking to expand into a German market which lends itself to this business model. Although the longer-term strategy is understandable, the current timing is unfavourable, with Germany currently facing its own economic turmoil. The shares have underperformed of late and the market consensus of the shares has now swung to a sell. HTTPS://www.moneyobserver.com/are-these-travel-stocks-passport-to-riches

[philanderer] 03/12/2019 00:11

Shareholders Urged To Vote Against New Pay Packet For Whitbread Boss HTTPS://www.morningstar.co.uk/uk/news/AN_1575307640352067400/shareholders-urged-to-vote-against-new-pay-packet-for-whitbread-boss.aspx

[philanderer] 20/11/2019 08:32

Peel Hunt reiterates BUY. increses tp from 4800p to 5200p

[philanderer] 15/11/2019 22:51

Market report: Premier Inn owner ‘to unlock growth’ from orderly Brexit https://www.telegraph.co.uk/business/2019/11/15/market-reportpremier-inn-owner-unlock-growth-orderly-brexit/

[philanderer] 15/11/2019 15:22

Barclays upgrade from equal weight to overweight....tp 4900p. Up from 4350p

[philanderer] 09/11/2019 09:56

Premier Inn to serve up free breakfast for military personnel & veterans - See more at: HTTPS://caterlyst.com/caterlyst3/insight/Insight.aspx?n=27406#sthash.nuJK97lg.dpuf

[rabbrooks] 07/11/2019 16:10

How has the sale of Costa benefited existing shareholders?

[philanderer] 07/11/2019 00:41

xd this morning for the 32.7p dividend.

[philanderer] 06/11/2019 00:22

'Hotel industry across UK regions less attractive due to Brexit, survey suggests' HTTPS://uk.finance.yahoo.com/news/hotel-industry-across-uk-regions-000100356.html

[essentialinvestor] 04/11/2019 12:50

Out at 4164 ;

[philanderer] 04/11/2019 12:43

Peel Hunt note: [W]e initiate coverage on Whitbread with a Buy recommendation and 4,800p target price. We believe the current share price is missing the value locked up in: (i) the growth strategy; and (ii) the freehold assets. Room capacity at Premier Inn will increase 22% based on the committed pipeline and could more than double. Valuation is underpinned by £5bn of freeholds. Management will steadily recycle/return capital as appropriate. A bidder could plan to release capital more quickly. We forecast 69% EPS growth FY20-24E driven by 23% capacity growth to 101k rooms (from 77k today). Our 4,800p target price is based on the long-term growth and asset realisation potential discussed in our note. With the hotel cycle turning there is a risk that negative forecast momentum caps the short-term share price upside. https://ftalphaville.ft.com/marketslive/2019-11-04/

[philanderer] 04/11/2019 10:18

Coverage initiated this morning by Peel Hunt with 'buy' and tp 4800p

[philanderer] 01/11/2019 10:07

++ JEFFERIES CUTS WHITBREAD PRICE TARGET TO 4200 (4500) PENCE - 'HOLD' ++

[essentialinvestor] 31/10/2019 14:46

Bought back a small amount, surprised it's holding north of £40. Re-read the statement and there are numerous references to either uncertainty or weakness, risks look to the downside (outside of a bid).

[philanderer] 30/10/2019 16:10

EI, nothing wrong with being cautious ;-)

[essentialinvestor] 30/10/2019 12:37

Hi Phil, just a guesstimate obvs!. And Next is about £10 a share over the price I sold for a few weeks back. Often too cautious in outlook.

[philanderer] 30/10/2019 12:35

Afternoon EI. That 3800p you mentioned is coming closer ;-)

[essentialinvestor] 30/10/2019 11:21

From under £8 a share 11 years ago to £40 plus, yeah dreadful long term underperformance, Not. Agree on the buyback, it was badly executed.

[porsche1945] 30/10/2019 11:15

What a shocking waste of money that buy back was, companies always execute at the wrong price. Should have just returned it as cash in a special. Poor management like so many ftse 100 companies, Brittan another ex lloyds executive which says it all, from one terminally underperforming company to another. Should have dumped the hotels and kept the coffee.

[essentialinvestor] 24/10/2019 16:38

Where I partly grew up, born in Wimbledon though. Potential bid price would need to around high £50's? Still think we may see around £38, if that does not come first.

[philanderer] 24/10/2019 16:28

Whitbread targets Irish growth with Cork hotel HTTPS://www.independent.ie/business/irish/whitbread-targets-irish-growth-with-cork-hotel-38622715.html Market report: Whitbread was in the red even as Bernstein upped its stance on shares of the Premier Inn owner to 'market perform' from 'underperform' as it hailed the company's increased flexibility. The bank said Whitbread's half-year results earlier this week showed that "flexibility is not dead". "Unit growth is set to slow, exists will accelerate and they are looking to innovation to deliver growth," it said. "Talk of optimising the existing portfolio and perfecting the property base is music to our ears." HTTPS://www.sharecast.com/news/risers-and-fallers/ftse-100-movers-astrazeneca-boosted-by-results-rbs-in-the-red--7091708.html

[philanderer] 22/10/2019 12:36

Investors Chronicle: Whitbread (WTB) reported an 8.1 per cent decline in profit to £172m during the first half of its financial year, with cash generated from operations down from £455m last year to £275m. Chief executive Alison Brittain called the performance “resilient” despite challenging market conditions in the UK, with a like-for-like decline in accommodation sales of 3.6 per cent. Encouragingly, expansion plans in Germany are so far on target. Buy. HTTPS://www.investorschronicle.co.uk/shares/2019/10/22/news-tips-reckitt-benckiser-whitbread-just-eat-more/

[essentialinvestor] 22/10/2019 10:43

Phil, appreciated, thanks. Had a very small amount.