Whitbread Share Discussion Threads

[dig and sell] 01/12/2021 14:46

They should do well. That wise old fella from Omaha says a good company at a fair price is better than a fair company at a good price. WTB is a good company at a good price. It might take a few months, perhaps even a few years, for the value to be realised, but it will get there. There is a lot to be said for old fashioned assets such as property and for happy customers who bring repeat business. This is one to buy and hold.

[netcurtains] 01/12/2021 12:24

Looks like people are "bottom fishing".

[netcurtains] 30/11/2021 11:27

MAB - Mitchells and Butler chain is now BLUE.

[gswredland] 30/11/2021 10:26

Interesting net.. thanks

[netcurtains] 30/11/2021 09:47

LOL - the market definitely does not like staying in Premier Inn.....

I wonder when the last time anyone valued the freehold value of WTB property portfolio?
It has to be worth a bomb.

worth noting the prices directors bought this year:

02/8/21 - Chairman buys £200k @3111p
01/7/21 - Director buys £10k @3143p
24/6/21 - Director buys £32k @3239p
17/2/21 - Chairman buys £100k@3346p

[johnsphotopage] 29/11/2021 16:11

If travelodge can do well (and considering my bad experiences .....unclean coffee cups, cigarette butts in cups, hair in bath, generally poor quality cleaning etc......stayed once in Liverpool 8 years ago and then thought I try them again and see if they improved just for another awful experience in Kew 3 years ago) then Premier Inn would surely excel.....at least they'd get repeat business. And their budget chain (zip) is far superior to travelodge even if you don't have a kettle in the room.I would assume a good business that attracts repeat business is a superior business....albeit I haven't the foggiest about their budget sheet

[philanderer] 29/11/2021 14:24

Read across...


Travelodge revenues get lift from UK staycation trend


Big growth in staycations has helped Travelodge achieve record third-quarter sales, the budget hotel chain has said.

The company, behind 593 hotels, said sales in the three months to September 30 reached £229.5 million, compared to £88.2 million a year earlier when travel restrictions severely hurt the leisure sector. The performance was better than the pre-Covid performance of £208.8 million.

Revenue per room stood at £53.54, an improvement on the two prior years.

Travelodge, owned by GoldenTree Asset Management, Avenue Capital and Goldman Sachs, secured a company voluntary arrangement last year, a move that helps agree rent cuts or closures.

[johnsphotopage] 29/11/2021 13:14

My simple view is that borders closing = more staycations.Plus having stayed at other chain hotels, Premier Inn is soooo much better. Others might be a little cheaper but they aren't as clean or modern

[philanderer] 28/11/2021 23:58

Could be a bounce tomorrow morning, FTSE futures +40pts at the moment.

[porsche1945] 28/11/2021 11:15

Missed the boat to sale and leaseback the estate, poorly managed by that fat lump Brittain, the share buy back executed at a crazy level was whitbread having all the money coke gave them for the coffee being vaporised, then dilution of shareholders with the capital raise which I doubt will be the last before the covid fiasco is over. This is a classic dross index of the world ( ftse 100 which is at same value as Dec 1999 ) constituent. It’s a really crxp investment. I ll trade as per if it sinks to circa 2200 again but this sort of stuff isn’t an investment any more. Stick to the S&P growth. U.K. for trading and shorting purposes only.

[philanderer] 26/11/2021 01:04

This Southern African variant is now the new worry for the markets.

[bountyhunter] 25/11/2021 18:53

Going in the right direction again today, on the road to recovery again already?

[philanderer] 25/11/2021 11:03

ADVFN market report:

InterContinental Hotels and Whitbread were up after upgrades at Jefferies.


edit:

JEFFERIES CUTS WHITBREAD PRICE TARGET TO 3,600 (4,000) PENCE - 'BUY'

[bountyhunter] 24/11/2021 22:23

Even ended up a tad. Maybe this share will resume it's recovery again from here? Just a matter of when imho. Fortunately predominantly UK based although German occupancy may be down a bit short-term given they have been taking down their Xmas markets ... but just a fraction of the business.

[philanderer] 24/11/2021 18:28

Still holding above :-)

[philanderer] 24/11/2021 09:46

Not today it isn't. Chartwise looking at 2800p 'ish now.

All very disappointing.

[philanderer] 23/11/2021 00:41

That 3000p chart support still just about holding.

[bountyhunter] 22/11/2021 21:14

The pandemic is dragging on longer than most expected especially in Europe but I believe that the UK and Europe including Germany will move out of this early 2022 after maybe a peak after Xmas/NY, so with just a bit of good fortune we should be moving out of this mess in WTB's marketplace by Feb/Mar imho. Therefore a bit longer to wait for a strong WTB recovery than anticipated but the story hasn't changed here and as the market looks forwards the worst should be over soon. Imho fwiw!

[m_kerr] 22/11/2021 21:02

if they sell and leaseback the property, they're on the hook for maybe £250m in incremental rent, which almost entirely wipes out the annual profit in normal times. if they got to £300m in profit, that would be about £1.50 in EPS, which would put the shares on a prospective PE of 20 (their cash is roughly balanced out by financial debt), which isn't cheap. the way land prices have been going, it's very possible the property estate has huge untapped value not reflected in the net book value, either in alternative use or sale of surplus land. that's where the value here is IMO.

[netcurtains] 19/11/2021 14:02

The NAV of Whitbread is about £4b.
In non-covid normal years it makes about £0.3b pre-tax profit.
So market cap of £6b gives PE of about 18.....

If we deduct NAV value from market cap (mainly property) then
the current PE would be about 6.

(in normal years).

Very good value "if" it recovers.

[philanderer] 19/11/2021 13:56

Always will be covid related.

[netcurtains] 19/11/2021 12:20

Will it ever hit bottom? Is there a bottom?
This is a total disaster.

[philanderer] 19/11/2021 11:07

I see Austria are making covid jabs mandatory from next year.