Whitbread Share Discussion Threads

[nw99] 10/8/2020 08:13

Cracking chart

[sharw] 06/8/2020 18:10

Hardly surprising since since A J Bell owns Shares Magazine

[dime] 06/8/2020 16:47

Yes postive coverage on the AJBell platform too rating it a buy.

[nw99] 06/8/2020 07:07

Big buy rec in shares Mag target £30-35 in time

[jamose] 05/8/2020 13:23

Making a move,at last?

[kenmitch] 30/7/2020 21:52

Talking about a capital destructive Company,what about Whitbread?

Whitbread threw £2.5 billion of the cash they received from their Costa sale on buybacks at an average share price of £51. The share is half that price now!

What’s even worse is that Whitbread are now asking shareholders to stump up new money in a rights issue at £15 so increasing the share count again. Yet they earlier threw away £2.5 billion reducing the number of shares in issue. Crazy!

That £2.5 billion could still be on the balance sheet. Instead they chucked it away. If that £2.5 billion buyback was a supposed reward to shareholders it didn’t work out that way. With a special dividend from that £2.5 billion, shareholders would have received a real cash bonus. With the buyback they are now far worse off with share down 50% since those buybacks.

Whitbread is not unusual in throwing money away like this. It happens time and time again and the huge sums ($trillions in recent years) spent on buybacks in the US too provided no support for share prices during the market crash.

[porsche1945] 27/7/2020 12:09

....and he was spot on, Aviva is positively dire, no dividend, no growth, poorly managed and has lost 75 per cent of its value over 10 years or so. Another capital destructive ftse 100 dross company, a bit like whitbread.

[xamf] 26/7/2020 11:03

Buywell. Hmmm. I recall you were a prophecy of doom on the Aviva thread a little while back when it was around 230.

[nw99] 26/7/2020 07:27

Tipped as a buy in the Sunday times

[buywell3] 22/7/2020 21:41

buywell is of the opinion that the twin headed chart now suggests 2000p is going to be tested

dyor

[ianood] 22/7/2020 21:18

EI - unfortunately, agreed.

[essentialinvestor] 22/7/2020 18:15

Their regional hotels benefit from business travel
and that market has effectively been killed stone dead.
Nearly every corporate is prioritising cashflow and has taken
an axe to any unnecessary spending.

It will change at some point, but for now it's messy.
How much of this is already allowed for in the SP?, impossible to say.

[philanderer] 22/7/2020 18:02

250 Head Office staff may go

[philanderer] 17/7/2020 10:25

Markets are not yet convinced that hotels are going to happen any time soon.

[commuter10] 10/7/2020 15:17

On a roll today back up to 2259. Maybe she has hidden talents None of us can see i.e. German Rabbits out of her hat!

[essentialinvestor] 09/7/2020 17:59

Perhaps Alison has hidden depths (which can remain hidden!) that are not evident
in interviews. Does not inspire me with much confidence. Just a personal view.

[commuter10] 09/7/2020 17:47

@Porsche1945

Looking at the situation in more depth you're probably Not far off. Down 4.33% today but the markets are all down again.The statement I saw her read was probably written by her Spin Doctor anyway. TBH I gave her the benefit of doubt but you're most probably right & Lloyds probably deserve her returning! But lest we all forget these are Unique times.

[commuter10] 08/7/2020 13:19

Q1 Trading Update Looks positive in this difficult financial climate & Shares up today!

[ianood] 08/7/2020 00:09

Christ - I hope not, however, she certainly has all of the self interest avaricious qualities required for the job but sod all else!

[essentialinvestor] 07/7/2020 23:57

They are welcome to her, no offence intended.

What a fiasco the capital return was, arguably paying pumped up prices for the shares bought back.

[philanderer] 07/7/2020 23:50

Whitbread chief Alison Brittain rebuffs speculation she could succeed Antonio Horta-Osorio at Lloyds

[philanderer] 07/7/2020 17:12

Going nowhere fast in this climate like a lot of companies.

[commuter10] 07/7/2020 12:34

O.k. Not all doom & gloom I'd say. I expect a few saw Allison Britain on Breakfast TV this morning. She actually spoke quite well about the current situation & how the hotels & restaurants were re-opening & appeared to be in control of the situation.
So, Porsche i think your target price could be a trifle too low.