Whitbread Share Discussion Threads

[philanderer] 02/5/2023 10:25

UBS raises Whitbread price target to 4,075 (3,750) pence - 'buy'

Barclays raises Whitbread price target to 4,000 (3,750) pence - 'overweight'

[commuter10] 26/4/2023 10:38

Wish I'd bought 6 weeks ago before going on holiday!

[libertine] 26/4/2023 10:14

Deutsche Bank raises Whitbread target to 3,780 (3,530) pence - 'buy'

[philanderer] 26/4/2023 10:07

Peel Hunt: Whitbread on a growth path


Premier Inn owner Whitbread (WTB) is forecasting revenue growth in an environment that is increasingly tough for its competitors, says Peel Hunt.

Analyst Ivor Jones reiterated his ‘buy’ recommendation and target price of £40 on the stock, which rose 3.9%, or 122.9p, to £32.49 yesterday.

Full-year 2023 results from the group came in above the top end of the published consensus range, with pre-tax profits of £413m. It was announced £100m is to be returned through a final dividend of 49.8p per share as well as an additional £300m share buyback.

‘Current trading is strong and implies upgrades; cost inflation of 7-8% is expected but management is confident that revenue growth could offset this,’ said Jones.

‘Life continues to be very tough for competitors.’

Jones said he is not ‘forecasting rapid growth, but growth for a very long time’ and said the market ‘has yet to get to grips with the potential for Premier Inn to be the leading hotel company in Germany’.

He added that ‘forecast momentum is positive and costs are well under control’ and he expected ‘valuation multiples to rise to reflect these factors.’

citywire.com

[philanderer] 26/4/2023 09:58

Bernstein raises Whitbread price target to 3,150 (2,985) pence - 'market-perform'

[philanderer] 26/4/2023 00:22

.... after underlying profits reached £375mln in 2023, analysts are anticipating further growth.

Barclays PLC (LSE:BARC) expects profit before tax to reach £416mln in 2024, while Peel Hunt Ltd (AIM:PEEL) is slightly more confident estimating £437mln.

Analysts at UBS Group AG (NYSE:UBS)haven̵7;t offered a pre-tax estimate but believe EBIT will be £563mln and net earnings will amount to £331mln.

At Shore Capital Group (LSE:SGR), the group had originally cited pre-tax earnings would fall by £10mln in 2024 but after Tuesday’s results has said it “would expect to see year-on-year profit growth.”



proactiveinvestors.co.uk

[bountyhunter] 25/4/2023 13:39

There's a big gap to fill to £40+

[lee181067] 25/4/2023 12:54

Appreciate your response ...I am also with II so will ask them

[philanderer] 25/4/2023 10:47

Have to hold a minimum of 64 shares, then just ask your broker to apply for one. I emailed ii and got one within ten days. This year's one expires at the end of june 2023, then you'll have to apply for a replacement.

[lee181067] 25/4/2023 10:36

How do ypu get a shareholder card ?

[philanderer] 25/4/2023 10:26

No surprise with a those results. We've just had two nights at Harrogate city central Premier Inn. Four free breakfasts and 10% discount on food with my shareholder card. The place was almost fully booked.

[redoctober5] 25/4/2023 09:55

This is flying

[bountyhunter] 25/4/2023 08:11

Strong results above pre-pandemic levels accompanied by the announcement of a £300m share repurchased program.

[togglebrush] 25/4/2023 07:08

FY preliminaries

Dividend 49.4p XD 22 June Paid 7 July 2023... fair but nothing to write home about whilst Capital Growth prospects look good !

Overview

• Significant profit uplift to above pre-pandemic levels, driven by
Premier Inn UK that continues to outperform the UK midscale and economy
('M&E') market

• We are making good progress in Germany, with 51 hotels open, giving us
confidence that we can achieve our long-term target of 10-14% return on our
£1bn of committed capital

• We see considerable opportunities for growth, both in the UK and
Germany, driven by the strength of our operating model and the structural
decline in the independent hotel sector

• Current trading remains strong, despite macroeconomic uncertainty,
with encouraging lead indicators

[philanderer] 18/4/2023 13:57

Peel Hunt again...


Premier Inn’s German expansion makes Whitbread a ‘buy’


Premier Inn owner Whitbread (WTB) is reaching the turning point in terms of scale as it hurtles towards 50 hotels in Germany, says Peel Hunt analyst Ivor Jones.

With only six Premier Inns across Germany before Covid, investors ‘never had a chance to assess the Premier Inn business as a trading entity in Germany, Jones said, recommending the group a ‘buy’, given its cohort of hotels that are ‘contributions positive, which should encourage investors to re-evaluate.’

‘It was clear that the roll-out (and conversion) of hotels is planned rigorously and executed efficiently, with a focus on getting the hotels into operation as quickly as possible,’ he added, giving a target price of £40.

Peel Hunt believes the shares, trading at nearly 18 times forecast earnings, could rise a third from their current level.

The shares firmed 0.7% or 20p to £31.06 yesterday.


citywire.com

[tlobs2] 17/4/2023 11:13

One of my favourite investments is WTB. No reason why Premier Inns can't spread all over Europe :-)

[bountyhunter] 14/4/2023 21:05

"becoming the largest hotel chain in Germany"

That would be some achievement. With things finally looking far more positive for Premier Inn I could see it happening though, and if it does why stop at Germany.

[philanderer] 14/4/2023 19:49

Peel Hunt upgrades Whitbread to 'buy'


Peel Hunt upgraded Whitbread on Friday to ‘buy’ from ‘add’ and hiked the price target to 4,000p from 2,850p as it expects positive trading news from the company this year, starting with the prelims on 25 April.

"We believe that demand for UK budget hotels remains very strong with leisure and ‘blue collar’ demand particularly robust and ‘white collar’ demand still recovering," it said.

"In terms of costs, we believe that we are past the worst in terms of labour cost inflation and there is some upside from lower energy costs, although not this year which is 75% hedged."

Peel Hunt said that in the medium term, it reckons investments in technology will pay off in the form of higher revenue, from offering more room price points more dynamically, and more efficient marketing, from targeting it where data shows it will get the best return.

In the longer terms, it expects Premier Inn in Germany to prove its investment case by becoming the largest hotel chain in Germany and a material contributor to profit.


Sharecast.com

[bountyhunter] 04/4/2023 21:47

25 APR 2023
FY23 Preliminary Results

[philanderer] 04/4/2023 10:43

Fujitsu announces partnership worth £57.9m with Whitbread

[tlobs2] 29/3/2023 14:45

Free breakfasts for shareholders are OK but a 30% discount on the room rates would be better particularly with the current room prices being so high !

They shot up with all the staycation bookings during Covid and look like they are still at similar prices even now.

[bountyhunter] 22/3/2023 10:24

The Coronation in May should be good for Whitbread, especially in the London area. Good for UK publicity around the world as well so improving tourism to the UK.

[philanderer] 20/3/2023 11:05

JPMorgan places Whitbread on 'positive catalyst watch'