Whitbread Share Discussion Threads

[bountyhunter] 21/6/2023 15:03

Not long now!

[bountyhunter] 19/6/2023 17:47

22 JUN 2023
Q1 trading update

[bountyhunter] 17/6/2023 18:18

More on that..



...Barclays is impressed by the planned sale, arguing that siphoning off the weakest parts of the business indicates management’s “clear focus on return on capital employed”.

An analyst at the bank said: “We consider the potential sale process positive news given our view that this business has been a source of value destruction for the group.”

“[This] only enhances our positive view on the upside potential.”

Shares in Whitbread rose over 1% on Friday after opening at 3,425p, a 16% discount to Barclay’s target price of 4,000p.

[commuter10] 16/6/2023 17:15

Sounds interesting & already an M&B aficienado.

[philanderer] 16/6/2023 11:13

Whitbread aims for quick sale of sites to fellow operator - The Times

The Times

Whitbread is restricting the auction of 250 of its pub-restaurants to established pub operators, with Mitchells & Butlers being tipped as the frontrunner in the estimated £600m process

[philanderer] 13/6/2023 10:17

No perfect time for Whitbread to sell pubs


Whitbread (WTB) is reportedly planning the sale of its pub restaurants and Peel Hunt says it is the ‘wrong time’ to carve up a business, but there is ‘no better time’.

Analyst Ivor Jones retained his ‘buy’ recommendation and target price of £40 on the Citywire Elite Companies AAA-rated stock, which rose 1.6%, or 55p, to £34.27 on Monday.

Referring to reports that the company might sell its pub restaurants that sit on the sites of Premier Inn hotels, he said ‘perhaps it will draw a line down the carparks and carve the pubs from the hotels’.

Jones said it was the ‘wrong time’ but there was ‘no better time’ to sell as ‘debt is expensive, the economy uncertain’ and Whitbread’s ‘mid-market dining business is structurally challenged’.

Confirmation of the disposal could come with a first-quarter update and Jones said he expected news to be ‘positive̵7; given competitor Travelodge reported strong trading to 17 May.

‘The investment attractions of Premier Inn’s bed, shower and breakfast offer is diluted by the legacy pub restaurants, mainly Beefeater and Brewers Fayre with their all-day food and drink service,’ said Jones.


citywire.com

[philanderer] 12/6/2023 00:00

Travelodge to be put up for sale by GoldenTree with £1.2bn price tag


Travelodge is to be put up for sale with a price tag of more than £1bn as the owner of the budget hotel chain seeks to cash in on a post-pandemic boom in demand.

GoldenTree, the US hedge fund that took over Travelodge in 2012, has held meetings with investment banks to explore a potential sale of the chain of 595 hotels.

The move comes after Travelodge’s other two backers – the New York-based hedge funds Avenue Capital and Goldman Sachs – recently sold their stakes in the business to GoldenTree.

Travelodge, which employs 12,000 staff and competes against its larger rival Premier Inn, is benefiting from cost-conscious holidaymakers fuelling a boom in staycations after the end of the pandemic.

GoldenTree hopes to land £1.2bn for the business, City sources told the Sunday Times.

[bountyhunter] 11/6/2023 18:42

Agreed, results on the 22 June should be good, not long to wait.

[commuter10] 11/6/2023 17:50

Miles Ahead of Travelodge.

[dartboard1] 10/6/2023 20:34

Whitbead is in a different class of Travelodge ... whatever they're reporting whitbread is ahead of them ...

[bountyhunter] 10/6/2023 19:46

Will Whitbread results reflect travel industry boom? Fri 09 Jun 2023 Leo Grieco

Premier Inn owner Whitbread PLC (LSE:WTB) could impress shareholders when it reports first-quarter results on June 22, according to Shore Capital analysts.

Rival Travelodge recently reported “continued robust trading” in its first quarter update, with analysts thinking this will be the same for Whitbread.

Revenue per available room (RevPAR), a key indicator used in the hotel industry, was up 31% for Travelodge in the three months to April compared to the same period in 2019...

[philanderer] 10/6/2023 10:04

Whitbread considering restaurant brand sales


Premier Inn owner Whitbread (WTB) is reported to be considering the sale of food and drink brands, which Deutsche Bank says would be a positive for the group.

Analyst André Juillard retained his ‘buy’ recommendation and increased the target price from £37.80 to £39.90 on the stock, which gained 1.9%, or 63p, to £33.74 on Friday.

Reports suggest the group is considering selling its Beefeater and Brewers Fayre brands, which have underperformed.

Julliard said that based on performance in the first half of 2023, Whitbread could sell the brands for £350m, equal to 5% of its market capitalisation.

‘If such a disposal were completed, we would view it as positive as it would refocus Whitbread on more profitable core assets and it would allow the group to cash in a certain amount of money,’ he said.

‘This would allow the group to be even more capable of accelerating growth and/or returning some cash to shareholders.’

citywire.com

[tlobs2] 06/6/2023 07:59

Going a bit crazy with their share buy backs recently. a whopping 412 shares today ! ;-)

[johnwise] 02/6/2023 08:37

Thank goodness I don't have money invested in this company

Virtue signaling Nonsense..

Whitbread plans to stop using mains gas across more than 800 of its Premier Inn hotels as part of a drive to become net zero.

The company will switch to more eco-friendly energy sources throughout its estate, which includes the Beefeater and Brewers Fayre restaurant brands, as it looks to cut its directly controlled greenhouse gas emissions to zero by 2040.

This will see the installation of air source heat pumps, which use electricity to feed warmth from outside into internal central heating systems, as well as solar panels and more energy efficient kitchen equipment.



Video: Mark Levin sussed the government scam
The truth about global warming


VIDEO: A Dearth of Carbon Dr. Patrick Moore

[tlobs2] 30/5/2023 14:49

Onwards and upwards. It looks like investors like the sound of the Beefeater sell off :-)

[libertine] 26/5/2023 18:26

Whitbread explores sale of Beefeater and other restaurant chains



Whitbread is laying the groundwork for a sale of part of its £700m pub and restaurant arm in a move that could place its Beefeater steakhouse chain on the chopping block.

The FTSE 100 hospitality giant is understood to have hired advisers to explore options for the division, which also houses the Brewers Fayre pub chain, amid concerns that poor food and drink sales are weighing on the wider business.

The move marks the latest chapter in the sell-off of the one-time brewer as bosses focus on repeating the UK success of its flagship hotel chain Premier Inn, in Germany.

[tlobs2] 23/5/2023 13:40

A few more weeks of this and the continuation of the share buy back scheme and we'll be knocking on the door of £40 a share IMHO :-)

[commuter10] 23/5/2023 11:20

All looking really positive now after a very rocky time last & earlier this year.

Is any of this down to the new CEO or just market demand?

[philanderer] 23/5/2023 09:50

JPMorgan places Whitbread on 'positive catalyst watch' into Q1

[philanderer] 12/5/2023 10:11

Peel Hunt: Buy ‘underappreciated’ Whitbread and relax


Whitbread (WTB) is a ‘capital compounder’ that allows investors to ‘buy and relax’, according to Peel Hunt.

Analyst Ivor Jones reiterated his ‘buy’ recommendation and target price of £40 on the Premier Inn owner, saying he was ‘very positive’ on the stock following last month’s full-year results that came in ahead of consensus.

‘Whitbread is the capital compounder to buy and than relax,’ he said. ‘The value of Premier Inn’s market leadership is underappreciated.217;

He said the group was ‘not like other hotel companies’ as its ‘capital-intensive model makes it master of its own development destiny, particularly now that development finance is harder to come by’.

‘This, and the scale of Premier Inn, allows it to prioritise market share gains and pressure the competition further.’

The shares firmed 3.5p to £32.45. They have rallied 21% this year.



citywire.com

[philanderer] 12/5/2023 00:52

Thanks bountyhunter.

[bountyhunter] 11/5/2023 21:46

Header updated with final dividend dates - at the end.

[philanderer] 02/5/2023 14:14

'Buy' tip from Questor in The Telgraph

Britain’s hotels are full – buy shares in this stock for a piece of the action

Questor share tip: this hotelier's gains are driven by more than pent-up lockdown demand