Whitbread Share Discussion Threads

[philanderer] 29/9/2020 13:57

Questor: its strong finances mean Whitbread will survive where others may not. Hold Questor share tip: the Premier Inn chain’s ability to ride out the pandemic creates a long-term opportunity to grab market share https://www.telegraph.co.uk/investing/shares/questor-strong-finances-mean-whitbread-will-survive-others-may/

[porsche1945] 23/9/2020 14:37

15 pc perma demand destruction? would have thought much worse than that. Shore capital the same idiots that had about 1800 on AML which is now .50p. Sell.

[philanderer] 23/9/2020 13:36

Whitbread is ‘one for next year’, says Shore Capital Whitbread (WTB) is to axe 6,000 job as Covid-19 takes its toll on the owner of Premier Inn but Shore Capital says it is still better placed than most hotel chains. Analyst Greg Johnson kept his recommendation ‘under review’ after disappointing half-year results from Whitbread, with sales down sharply. The shares fell 2.7% to £20.51 yesterday. Johnson said the earrings multiple of 11-12 times that the group currently trades on suggests ‘the market is discounting a 15% permanent demand destruction’. ‘Whitbread is better placed than most although we need more reassurance over the future health of the UK economy and its plans for Germany,’ he said. ‘One for next year.’ [...]

[buywell3] 22/9/2020 21:47

The EU is in a mess including Germany As is the UK the USA India South America and Africa plus many other countries Lockdown measures = tinkering with the problem Selective measures like 10pm closing of bars/restaurants will not work for boris Cases will continue to double and he will have to close them eventually even if he lowers closing to 9pm and then 8pm to try to keep the nation in an inebriated state and malleable to his manipulations . Ultimately the Nurses in the NHS will start to drop from exhaustion ( 40,000 plus vacancies) and sickness and stress. Then belatedly boris will have to do a National Lockdown which is the only thing that works --- China proved this as did NZ and AUS . Relaxation of rules = increase of cases Worldwide cases are still growing at 1M every 3 and 1/3rd days 100M by Jan 1st 2021 looks very likely based upon charts and 500M by end of july 2021 , means strict quarantine. Politicians are not accepting the fact that this virus is with us for years. Technology to kill it is the answer using Far-UVC light at 222nm in public places See buywell last post on BUY thread

[commuter10] 22/9/2020 16:28

Essential Investor Totally agreed that was a mammoth mess up by the CEO & hierarchy.

[essentialinvestor] 22/9/2020 16:17

Commuter, good post and hope you are correct. Little excuse for the buyback mess and that's not post COVID hindsight, as no-one saw this coming. The way in which the buyback was conducted allowed institutions/hedge funds to push up the price in anticipation, meaning WTB paid top $ for the bulk of those shares bought back.

[essentialinvestor] 22/9/2020 11:35

Hi Phil, yes saw that. Got my flu jab booked for tomorrow, taking no chances this yesr!.

[philanderer] 22/9/2020 11:18

Morning EI. Gove calling to 'work from home' again this morning on Radio4 has killed it short/medium term.

[essentialinvestor] 22/9/2020 10:59

Main issue medium term is weakness in the business market impacting their regional hotels.

[dartboard1] 22/9/2020 10:55

Agree on the Costa funds. I wasn't holding at the time but would've preferred them to spin off on IPO so you can hold both separately

[dartboard1] 22/9/2020 10:53

Good op for PE to acquire and strip real estate with sale/leaseback to pension funds

[essentialinvestor] 22/9/2020 10:49

Possibility that PE may take this out, best outcome. Otherwise IHG looks the safer play. Don't rate the CEO here, as mentioned previously. To say that the buyback of the COSTA proceeds was mismanaged, is being really kind. It was a disgrace imv.

[philanderer] 22/9/2020 10:18

Looking as though my money has been pi$$ed away ion this one for many years to come. Hey Ho The scale of Whitbread’s job cuts shows that Covid-19 may have changed its business permanently, says Emilie Stevens, equity analyst at Hargreaves Lansdown: “The Premier Inn owner has had one of the toughest first halves out there and with expectations that demand will remain subdued for a while, the group’s announced plans for up to 6,000 staff or 18% of the workforce to go. This is unfortunately a reflection that coronavirus may have changed Whitbread’s world for good, without full hotels the group isn’t profitable, so a lower and more flexible cost base is essential. Stevens also questions how long it will take for business travel (a key market for Premier Inn) to return to pre-pandemic levels: We know city demand remains subdued and with more and more businesses announcing permanent work from home plans, we wonder if the return of business travellers is more ‘if’ than ‘when’. HTTPS://www.theguardian.com/business/live/2020/sep/22/whitbread-6000-jobs-covid-19-stock-markets-pubs-business-live?utm_term=5b69c6b7f58f40991b49140a9aa26d5e&utm_campaign=BusinessToday&utm_source=esp&utm_medium=Email&CMP=bustoday_email

[philanderer] 22/9/2020 09:59

"Premier Inn owner Whitbread to cut 6,000 jobs amid Covid crisis" HTTPS://www.theguardian.com/business/2020/sep/22/premier-inn-whitbread-cut-jobs-covid-beefeater-lockdown

[mcbull] 21/9/2020 10:38

disagree, two government scientists haven't the authority to call a lock-down. Bargain buys at present

[philanderer] 21/9/2020 10:35

Bleedin obvious fact of the day I suppose...'2nd lockdown getting priced in across the board'

[commuter10] 18/9/2020 19:47

Arja thanks for your input & we all are entitled to a view on the current economic climate. Let's see what happens with the EU especially Germany & France who both export a huge amount to us. They will both desperately need a deal. Boris may be threatening badly advised action against the EU but it's more of a shock tactic to get a reaction which it has done.

[arja] 18/9/2020 10:19

yes, all hammered and wish I had a few short positions with CFds but I rarely short dam it !

[philanderer] 18/9/2020 10:00

Hospitality getting the umpteenth kick in the boll+x again today.

[arja] 18/9/2020 08:52

commuter10, with ridiculous comments like that , you sound like and are the typical brexiter and you "little englanders" seem to regard europeans as the enemy . you must be joking about Europeans running scared as they hold most of the cards as you should know .

[philanderer] 16/9/2020 14:19

JPMORGAN RAISES WHITBREAD PRICE TARGET TO 2050 (2000) PENCE - 'UNDERWEIGHT'

[commuter10] 15/9/2020 15:01

I'd say it's a case of holding & barracading ourselves in until the end of the year. Boris may seem at times to be a total idiot but I think we may see some method behind the madness. He's got the Europeans running scared now so they will have to give more concessions on agriculture, fisheries & the N.I. border. Bernier is now being sidelined as he's been our main obstacle & I believe a deal will be made with more concessions on both sides. They need it more than we do so their heads of state will push very hard now.