Whitbread Share Discussion Threads

[essentialinvestor] 14/7/2021 11:17

It's a difficult area. One thing is for sure, the reopening trade is being sold off.

[ghhghh] 14/7/2021 11:13

bountyhunter

Think Govt seen what's happening in USA and has started here. Public now refusing to follow the mask rule. Hence better not to set in law something that a significant % of the public will refuse to follow.

Govt in an impossible position, there are no clear or easy choices

[philanderer] 14/7/2021 00:31

bountyhunter, agree with that. Johnson has called it very wrong.

Sub 3000p for the first time since february. Says it all.

[dartboard1] 13/7/2021 23:36

M Kerr.. good way of thinking about whitbread. This is basically a REIT at book value or above, with a free hotel business (and great brand) attached to it.

[bountyhunter] 13/7/2021 17:56

Boris needs to get his act together; the hospitality industry clearly doesn't see his actions as opening up the economy but rather as releasing restrictions too soon to the detriment of the economy. Hopefully he will see sense before doing too much damage. The recent change of tone on the 'expectation' of wearing face coverings in crowded public spaces is a step in the right direction but still leaves the door open for those who don't care about others to do as they wish. I don't normally have much time for Sturgeon but she has got things right re July 19.

[philanderer] 10/7/2021 20:59

'Premier Inn opens its most northerly hotel in Thurso'

The budget hotel chain has added 566 rooms to its Scottish network this year

[bountyhunter] 10/7/2021 19:00

Certainly this is a takeover possibility now that Costa has been sold and one of the reasons why I have reinvested here. The main reason however is that I believe Whitbread is positioned to do well as we gradually emerge from the pandemic.

[m_kerr] 09/7/2021 19:09

lots of private equity money sloshing around. whitbread has a property portfolio worth £5.4bn according to credit suisse (as at 2017), based on the 2007 valuation plus capex in excess of maintenance. a lot has changed in the world since 2007, notably property the average property price being up over 50% since then.

as i noted prior to the takeover of morrisons, low financial debt coupled with lots of property is a combination the private equity folk like a lot. further positives include a well known brand, and significant direct booking, which maximises margin. i expect plenty of supply will be taken out of the market due to covid, but a significant challenge they will face is the reduced availability of cheap EU labour. there's no two ways about it, the hospitality industry is hooked on it like a drug. labour costs will rise, and this may squeeze margins. but potentially offset by the ability to secure sites cheaply.

[bountyhunter] 05/7/2021 15:07

Many other countries are already vaccinating teenagers and even younger. We should be as well, how long will it take the government to realise/acknowledge that?

[disc0dave45] 04/7/2021 21:41

Thanks for posting.

[commuter10] 02/7/2021 12:15

Directors hedging against July 19 restriction lifting but Boris has already indicated that some restrictions will still be in place for longer. I'd wager that hospitality will still have some caveats attached to it. Once it looks like we're clear of major new strains as far as we can be I can see rapid growth potential. There is a lot of pent up purchasing power by the public waiting to be released. Timing is everything so I would class them as a Hold for the present until weekly cases are dramatically reduced. Vaccination is still key mainly for the 19-24 year age group but also all teenagers.

[netcurtains] 02/7/2021 10:55

Thanks for updating the header with Director buys.
Looks good.

[philanderer] 02/7/2021 10:53

Long term potential for Whitbread, says Berenberg


Premier Inn-owner Whitbread (WTB) has suffered downgrades in estimates for next year but broker Berenberg is still optimistic about the potential for the shares.

Analyst Stuart Gordon retained his ‘buy’ recommendation and target price of £36 on the stock, which closed up 2.2%, or 68p, at £31.90 on Thursday.

Gordon said his recommendation remains unchanged despite ‘some meaningful downgrades to 2022 estimates due to the extended restrictions associated with the Covid-19 pandemic’.

‘Despite these downgrades, our estimates for 2023 and 2024 improve slightly due to the promising recent recovery in occupancy,’ he said.

‘We continue to believe that Whitbread has attractive short, medium and long-term characteristics that will be supportive to the shares.’

[bountyhunter] 01/7/2021 16:36

Another director purchase, not a large one but combined with the others is a plus sign.

[bountyhunter] 30/6/2021 11:35

They can stay in a Premier Inn in Germany :-)

[philanderer] 28/6/2021 11:27

ADVFN market report:

In equity markets, travel stocks were under pressure as German Chancellor Angela Merkel attempts to secure an EU-wide quarantine policy for British tourists. InterContinental Hotels, British Airways owner IAG, Premier Inn owner Whitbread, Upper Crust owner SSP, travel company Tui and budget airline easyJet were all lower.

[philanderer] 28/6/2021 11:03

More European plague restrictios.

[bountyhunter] 25/6/2021 11:59

Added at the top of the header. Don't think I've missed any others?

[bountyhunter] 25/6/2021 11:56

Another Director buying shares:

1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name DAVID ATKINS
-------------------------- -----------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status PDMR, INDEPENDENT NON-EXECUTIVE DIRECTOR
-------------------------- -----------------------------------------
b) Initial notification INITIAL NOTIFICATION
/Amendment
-------------------------- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name WHITBREAD PLC
-------------------------- -----------------------------------------
b) LEI 21380099VMZKRMN3EX36
-------------------------- -----------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
---------------------------------------------------------------------
a) Description of the ORDINARY SHARES OF 76 122/153p
financial instrument,
type of instrument
GB00B1KJJ408
Identification code
-------------------------- -----------------------------------------
b) Nature of the transaction PURCHASE OF SHARES
-------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP32.39 1,000
----------
-------------------------- -----------------------------------------
d) Aggregated information


- Aggregated volume 1,000


- Price GBP32,390.00
-------------------------- -----------------------------------------
e) Date of the transaction 24 JUNE 2021
-------------------------- -----------------------------------------
f) Place of the transaction LONDON
-------------------------- -----------------------------------------

[boonboon] 22/6/2021 06:23

£3.9 billion was a great deal. Returning money to shareholders was also the right thing to do at the time imo.The timing is off course unfortunate, but I don't think many companies would have been prepared for the disruption caused by the pandemic.

[philanderer] 22/6/2021 00:55

Whitbread invests in recovery as Beefeater chain grows to 174 sites

[netcurtains] 18/6/2021 11:41

Blimy sold COSTA - what on earth were they thinking!!!!!!!!!!!!!!
Arrghhhhhhhhhh
On the other hand surely the market for coffee and cake has reached
saturation point.
Perhaps it was a good move.
What did they get for Costa?

[brian3777] 18/6/2021 11:36

Listened to the A.G.M. yesterday online.

Interesting the directors still think the Costa sale, and returns to us shareholders was a brilliant idea......Hmmmm.

They dodged a bullet by not allowing shareholders to attend this years A.G.M.

John Farmer asked some interesting questions.
I did notice that he asked how may shareholders were logged onto the meeting.
This question was ignored, not answered.

Lets hope next year we shareholders can attend in person, to really hold the directors to account.

Brian3777.

[commuter10] 17/6/2021 13:03

Here we go very positive press coverage with 98% of U.k. hotels & restaurants now Open:

www.ukinvestormagazine.co.uk/premier-inn-owner-whitbread-reports-surge-in-bookings/?mc_cid=c0d25f1770&mc_eid=ad8d6481ef

[philanderer] 17/6/2021 10:45

As good as could be expected.