Whitbread Share Discussion Threads

[sundial1] 22/6/2022 08:52

still cheaper going abroad if you going away .

[f56] 20/6/2022 20:31

The only thing that matters is the transfer of power from the west to the east. Short term gov. vs long term gov.

[bountyhunter] 17/6/2022 18:15

A cap on flights leaving the UK over the summer will mean more staycations which is good for Whitbread's Premier Inns.

[bountyhunter] 16/6/2022 10:09

Fear of the BoE not taking effective action against inflation with the expected mere 0.25% interest rate rise at lunchtime after the FED 0.75% rise yesterday evening?

[philanderer] 16/6/2022 09:46

SocGen cuts Whitbread price target to 2,790 (3,620) pence - 'hold'

[buywell3] 16/6/2022 09:34

PE Ratio 124

[bountyhunter] 16/6/2022 07:43

Yes, just the beginning of a strong recovery for Whitbread imv.

[tlobs2] 16/6/2022 07:31

Incredible results, couldn't believe it when I read it this morning.Enjoy :-)

[philanderer] 15/6/2022 10:16

JPMorgan raises Whitbread price target to 4,150 (4,000) pence - 'overweight'

[commuter10] 15/6/2022 09:22

Great Stuff! Many thanks bountyhunter.

[gswredland] 15/6/2022 07:46

Yep good update!

[bountyhunter] 15/6/2022 07:39

Looking good!

RNS Number : 8844O

Whitbread PLC

15 June 2022

Very strong trading ahead of expectations in the UK and Germany

Throughout this release percentage growth comparisons are made to either FY22, or to FY20, the last financial period before the onset of the COVID pandemic.

Summary

-- Continued market outperformance in the UK with Premier Inn total accommodation sales 27.2pp ahead of the market(1) , driven by the strength of our commercial and operational initiatives combined with the inherent strengths of our brand, scale and direct distribution


-- Our UK hotels continue to perform well ahead of pre-COVID levels:
o Total UK accommodation sales 235.6% ahead vs FY22 (31.0% ahead vs FY20)

o UK LFL accommodation sales 221.6% ahead vs FY22 (21.3% ahead vs FY20)


-- UK food and beverage sales were 585.3% ahead vs FY22 (4.3% behind vs FY20)
...

[m_kerr] 13/6/2022 18:40

one thing i think is extremely valuable, and under appreciated by investors, is the direct booking model. the middlemen, the likes of booking.com etc, charge about 15-30% commission. that in a nutshell is what is causing premier inn to be able to keep growing while those reliant on going through middlemen are declining.

[bountyhunter] 13/6/2022 14:22

I would be surprised if this is not taken over at some point (unless the price rises significantly) with Costa sold off and the pandemic seemingly now largely out of the way in the West at least.

[m_kerr] 06/6/2022 19:02

occupancy is now above pre pandemic levels. total LFL last year down 15% but that included shut downs and the omicron panic.

there's up to around £5-6bn of property here, potentially worth more in alternative use. at the current price you can borrow the whole purchase price against the property.

at the moment their rivals include the likes of travelodge who ripped off their landlords during covid and run a highly leveraged balance sheet, on a fully leasehold model. here by contrast, you have up to £6bn of property, no net financial debt, and the leading brand in the market. WTB is a very attractive asset IMV. UK holiday parks are in a frenzy of m&a, driven by the staycation trend and freehold property underpinning. the labour and cost squeeze will hit weaker competitors 10 times harder than a pretty well run, well capitalised business like WTB.

the current share price is fully underpinned by property, and they should be able to generate £400m+ EBIT once the results aren't obscured by the costa one offs and lockdowns.

this reminds me of morrisons. this will offer solid risk adjusted returns as a standalone entity, with the prospect of a takeover premium.

[bountyhunter] 06/6/2022 11:03

recent director buys added to the header at the top

[philanderer] 02/6/2022 00:25

Whitbread faces pay revolt despite bosses' decision to forfeit bonuses

The owner of the Premier Inn hotel chain is braced for another bruising encounter with shareholders at its AGM this month amid a row over bonus payments, Sky News learns.

[commuter10] 26/5/2022 20:32

Jubilee Long Wk/end. Summer Staycations! Only problem still Not enough staff but hopefully will improve gradually with covid receeding.

[bountyhunter] 26/5/2022 16:55

up 89p today plus the 34.5p in the bag, not a bad day for WTB holders :)

[philanderer] 25/5/2022 16:07

xd tomorrow morning for the 34.7p dividend

[bountyhunter] 24/5/2022 17:50

more director buying

789@26.426

[bountyhunter] 13/5/2022 17:04

Another Director buy
...of 1,750 shares @26.42

[sumday] 10/5/2022 10:27

Holder here but Premier Inn prices are rising significantly. They’re still only cleaning rooms every three days. Many can’t get staff. In fact some are not taking bookings for empty rooms because of lack of staff. Some Inns which were previously well maintained, are starting to look grubby.