Whitbread Share Discussion Threads

[bountyhunter] 10/2/2023 17:21

Header updated.

[bountyhunter] 04/2/2023 19:45

They do get a few right ;)

Good prospects for recovery with the chance of a bid has been my view for a while now :)

[philanderer] 04/2/2023 19:34

Investors Chronicle:

Bed down with this well-run growth stock


Smart pricing, solid brand equity and confident expansion
plans mean Whitbread’s growth narrative looks assured

[bountyhunter] 02/2/2023 12:56

For once Bailey's comments are mildly helpful!

[bountyhunter] 02/2/2023 11:00

It's about time this took off, good to see it going higher at last!

[philanderer] 27/1/2023 15:36

A ‘blue-sky̵7; Whitbread could hit £80, says Shore


Shore Capital believes Whitbread (WTB) shares could more than double as the Premier Inn owner continues to build momentum.

Analyst Greg Johnson retained his ‘buy’ recommendation and a ‘fair value’ target price of £44 on the company whose strong trading statement earlier this month showed a 14.9% rise in like-for-like group sales over pre-Covid levels.

Johnson increased his full-year 2023 profit before tax estimate by £47m to £391m after Whitbread’s ‘excellent third quarter’. The shares have advanced over 14% to £30.65 in the New Year rally but are up just 2% in the past year.

‘With booking trends strong, and several ongoing supportive factors, we see our assumptions of a modest decline in profitability next year as conservatively set,’ he said.

‘We see the higher profit base and continued momentum increasing pressure for enhanced shareholder returns – £1bn over the next three years – while underpinning our property valuation argument.’

Johnson said while the ‘fair value’ is set at £44, the group could achieve a ‘blue-sky valuation of over £80 per share on a fully built-out UK and Germany’.


citywire.com

[bountyhunter] 19/1/2023 13:00

Oddo is the oddball, I predict it will go up!

[dig and sell] 19/1/2023 08:25

So, in summary, one bank thinks WTB is going up, one thinks it is going down and another thinks it will stand still. I predict that one of them will be right!! Honestly, brokers are worse than useless.

[philanderer] 18/1/2023 10:24

Bank of America cuts Whitbread to 'underperform' (buy) - price target 3,100 (3,300) pence

Deutsche Bank raises Whitbread target to 3,530 (3,100) pence - 'buy'


Oddo BHF cuts Whitbread to 'neutral' (outperform)

[commuter10] 16/1/2023 12:50

Looks like we're on the Up at last. Also, another Big Year for Staycations!

[tlobs2] 16/1/2023 12:33

I'd be happy with a more modest long term improvements in the share price over the next two or three years to 5,000p with a few special dividends thrown in on the way ;-)

[philanderer] 16/1/2023 11:47

JPMorgan raises Whitbread price target to 4,200 (4,100) pence - 'overweight'

[bountyhunter] 14/1/2023 20:43

Yes that crossed my mind as well!
Anyway the new guy should correspond with a change in fortunes as we enter recovery. On the plus side re the Costa sale that opens up the possibility of a bid for the company but hopefully not just yet as I'm expecting this to further motor upwards as the recovery continues. Imho nai!

[jeffian] 14/1/2023 18:24

No mention of it blowing half of the Costa proceeds on a share buyback at almost £50/share then?

[togglebrush] 14/1/2023 08:54

Sale of Costa in August 2019, £3.9 billion, pre Covid pandemic, and recession re Ukraine war, has allowed time to buy cheap properies and develop the business to create the attractive structural growth opportunities for its leading hotel business, Premier Inn, in the UK and Germany.
'
Sold Costa at probable peak and added to Premier Inn on the cheap before an emerging market bounce ???

[bountyhunter] 13/1/2023 13:24

Yes PI hotels have been heavily booked even at the higher prices which still represent good value compared to the competition. This recovery in the share price is long overdue, plenty of catching up to do yet! Imho

[philanderer] 13/1/2023 11:46

UBS raises Whitbread price target to 3,750 (3,505) pence - 'buy'

SocGen raises Whitbread price target to 3,150 (2,790) pence - 'hold'

Barclays raises Whitbread price target to 3,750 (3,500) pence - 'overweight'

Bernstein raises Whitbread price target to 2,985 (2,700) pence - 'market-perform'

Jefferies raises Whitbread price target to 3,500 (3,000) pence - 'buy'

[s34icknote] 12/1/2023 20:12

Knew this would do wellLondon hotels packed especially premier inn And their hub format hotels !!

[tlobs2] 12/1/2023 09:03

You can't ask for a better update than that to be fair. Very positive. :-)

[bountyhunter] 12/1/2023 07:16

Agreed.

Strong trading momentum continued with total UK accommodation sales up 25% versus FY22 and up 36% versus FY20, representing a 26.3pp outperformance of the M&E market(3).

Also a very strong performance in Germany.

Should move from strength to strength now as Dominic from Domino's takes over as CEO!

[oggyrocks] 12/1/2023 07:07

Looks good today. Can’t see any negatives. Hopefully strong run will continue

[bountyhunter] 11/1/2023 16:07

Looking forward to it.
Bring on the Pizza man :)

[philanderer] 11/1/2023 15:28

Q3 trading update tomorrow.