Whitbread Share Discussion Threads

[beercapafn] 13/11/2018 15:09

Good question zeppo. I will be folling reply's as I currently own this long term.

[jeffian] 13/11/2018 15:08

Yes. They will get a significant portion of proceeds returned to them.

Probably.

Yes.

Depends how they structure it. As it's a capital disposal, it wouldn't be unusual for a reduction of shares in issue at the same time as they pay out the cash to try to keep the share price the same for comparative purposes (i.e. you would get cash and a reduction in the number of shares you hold).

[zeppo] 13/11/2018 14:50

Has it been stated how the Costa sale will affect private shareholders?

Do they get a cash payout?

Does the current share price still have the value of Costa in it?

If so what is the expected drop after Costa goes?


z

[bountyhunter] 05/11/2018 16:18

"Pursuant to Listing Rule 9.6.14 (2), we confirm that Chris Kennedy, Independent Non-Executive Director of Whitbread PLC, has today been appointed as CFO of ITV plc with effect from 1 February 2019."

That should help with advertising Premier Inns! ;~)

...ok I'm clutching at straws I know but things do sometimes seem to drag on and on here nowadays

[mozy123] 03/11/2018 10:54

cheers for clarity jeff

[jeffian] 03/11/2018 00:47

#801

"Position/status PDMR, INDEPENDENT NON-EXECUTIVE DIRECTOR"




He's a NED. He doesn't qualify for "free shares".

[bountyhunter] 02/11/2018 20:43

The huge value was achieved under the previous CEO, since AB took the healm the shares have just oscillated sideways. Selling Costa was a good move
forced by IIs to realise some value here in light of that.

[mozy123] 02/11/2018 19:52

ah a wtb director actually buying shares! makes a change from their constant free shares. Suppose they have made huge value over the years, but rather give them cash than diluting us mere mortals.

[bountyhunter] 02/11/2018 13:43

bought yesterday: 1000@45.31

[bountyhunter] 02/11/2018 10:42

Director purchase notified today

[bountyhunter] 31/10/2018 13:49

Yes good move selling Costa and focusing on the hotel business, also just about anyone can open a coffee shop with no barrier to entry and the market is saturated as can be seen in any high street. The family silver is Premier Inn not a cup of coffee.

[essentialinvestor] 31/10/2018 12:26

Costa contributes less than 30% to overall pre tax, with considerably
slowing growth rates in the UK.

The sale price represented about 60% of their entire market cap,
taking the pre announcement WTB price. More than a good price imv.

Medium term challenges here are labour cost pressures and consumer spending
taking a knock.

[montyhedge] 30/10/2018 16:30

They sold the family silver, Costa Coffee. What a mistake.

[rimau1] 26/10/2018 08:24

Nice write up in the IC highlighting that Premier Inn standalone will be valued at 12-14 times earnings if the costa sale proceeds. I am a big fan in these uncertain times, I like the Zip product innovation too and continue to add as this drifts lower. Budget rooms should do well in any brexit scenario but agree that labour shortages are the main risk.

[essentialinvestor] 25/10/2018 10:01

Mentioned recently could the Costa gap close?.

At the time I thought it was unlikely, less sure on that now.

[jeffian] 23/10/2018 10:38

4 quid, Porsche19.45?!!

[porsche1945] 23/10/2018 10:20

Ftse almost uninvestable, brexit basket case, this heading back to under 4 quid, frightening where it would be without Coke deal..in the low 3’s at best..poor management needs clearing out, Brittan coming from hopeless Lloyds didnt help. Not sure who is going to be staying in all these hotels they have kept building instead of paying a better dividend to long suffering shareholders, UK heading for hard ore recession so hotels probably not best biz to be in.

[porsche1945] 23/10/2018 10:19

Ftse almost uninvestable, brexit basket case, this heading back to under 4 quid, frightening where it would be without Coke deal..in the low 3’s at best..poor management needs clearing out, Brittan coming from hopeless Lloyds didnt help. Not sure who is going to be staying in all these hotels they have kept building instead of paying a better dividend to long suffering shareholders, UK heading for hard ore recession so hotels probably not best biz to be in.

[skinny] 23/10/2018 07:38

Good financial performance and on-plan for full-year results
· Sale of Costa to The Coca-Cola Company for £3.9 billion approved by shareholders

· UK network increased to over 74,000 rooms, with a committed pipeline of over 13,000 rooms

· Strong pipeline in Germany with around 6,000 rooms to be delivered by 2021

· Solid financial performance supported by tight cost control, maintaining strong return on capital

· On-plan to deliver full-year results from continuing operations

· Revenue increased 2.6% to £1,079 million, reflecting continued capacity addition

· Total UK accommodation sales growth of 4.8% and like-for-like accommodation sales growth of 0.2% impacted by weaker consumer demand

· Underlying profit before tax increased in-line with sales by 2.5% to £270 million, supported by tight cost control and the benefit of the ongoing efficiency programme

· Costa is now reported as a discontinued operation, statutory profit for the period increased 3.5% to £47 million

· Strong cash generation with discretionary free cash flow at £283 million

· Strong balance sheet with net debt of £881 million and committed debt facilities of £1.8 billion

· Statutory profit before tax was maintained at £257 million

· Return on capital held broadly flat at 12.4% despite pace and timing of new capacity


more.....

[bountyhunter] 18/10/2018 21:41

general market volatily & weakness, actually this has held pretty well over the past 2 wks compared to the wider market

[ric0chet] 17/10/2018 08:58

down heavy this morning. Any reason for the falll todday?