Whitbread Share Discussion Threads

[bountyhunter] 16/11/2023 13:11

We are already at 3318 after a drop of 71p today.

How on earth do they assign that low target as "market-perform"!

[philanderer] 16/11/2023 11:24

Bernstein cuts Whitbread price target to 3,214 (3,250) pence - 'market-perform'

[bountyhunter] 15/11/2023 11:14

My target is 50 quid, first stop 40 quid ;-)

[tlobs2] 15/11/2023 10:35

JPMorgan price target of 4,600p might be a little high.

I'd be happy to start taking some profit at 4,250p ;-)

[essentialinvestor] 04/11/2023 12:45

Thanks for the tip - with 3 cats Im fleeced.


On WTB, IF they can crack Germany with Premier Inn, the shares are currently very, very cheap on a medium to longer term view - that's barring another pandemic/some significantly adverse left field event.

[gswredland] 03/11/2023 16:09

Thanks for the info Phil

[commuter10] 03/11/2023 14:34

Essential you can buy much cheaper at: Pet Drugs Online.

[essentialinvestor] 03/11/2023 13:44

Thanks Phil.

[philanderer] 03/11/2023 13:36

Afternoon EI.

Can't find any news today.

This from monday, which I missed, as I was actually staying in Hereford over the weekend in a Premier Inn :-)


"JPMorgan downgrades IHG, keeps Whitbread as top hotels pick"

31 Oct, 2023 09:35

JPMorgan says Premier Inn owner Whitbread remains its top pick in the European hotels sector, as it downgraded its stance on IHG from 'neutral' to 'underweight'.

With earnings season now behind us for European Hotels, JPMorgan has refreshed its forecasts for stocks in its coverage, keeping Whitbread as its "conviction 'overweight'", seeing around 40% upside potential to current prices with a price target of 4,600p.

"We continue to see WTB as best positioned – defensive offering (value/domestic), upside risk to estimates, F&B potential review, Germany optionality," the bank said.

"Whilst concerns around weakening demand trends remain on top of investors' minds, as reflected in recent share price weakness at Whitbread and Accor (both down >10% in the last six weeks), also exacerbated by potential demand pressure in the Middle-East, we have been surprised by the outperformance of IHG, and now see the risk-reward as highly unappealing."


Sharecast.com

[essentialinvestor] 03/11/2023 12:16

Never seen a bedbug and I'm bitten alive by insects outside, so perhaps luckily.
I buy flea and worming prescription drops for my cats from the vet (cost a ridiculous amount)
may be those kill them.

[essentialinvestor] 03/11/2023 12:07

There may have been a bearish sector comment today, Phil is usually good at locating those broker titbits.

[steeplejack] 03/11/2023 12:04

Yes,so have i and rather badly!

[essentialinvestor] 03/11/2023 11:36

Bought a few.

[steeplejack] 03/11/2023 11:29

Algorithm bites...pesky little critters.

[essentialinvestor] 03/11/2023 11:06

Premier Inn 'bedbug bites' case leads to compensation

[essentialinvestor] 03/11/2023 10:55

Not intrnded to sound facile, are the
increasing stories on bedbug infestation a reason?.

[philanderer] 03/11/2023 10:48

WTB and IHG going the wrong way today.

[bountyhunter] 02/11/2023 16:40

Yes XD today, details in the header.

[philanderer] 01/11/2023 14:37

Berenberg raises Whitbread price target to 4,200 (4,000) pence - 'buy'

xd tomorrow

[commuter10] 01/11/2023 10:18

Lot of scope out there with high room rates.

Hardly any budget hotel competitors so the model should work pretty well.

Off to Perth shortly so will do some research.

[bountyhunter] 01/11/2023 09:41

Are we heading for Australia ;-)

"Whitbread PLC is pleased to announce that Shelley Roberts is to be appointed as an Independent Non-Executive Director of the Company, with immediate effect. Shelley will also join the Audit Committee.

Shelley is currently the Group Chief Commercial Officer at Compass Group PLC, where she is responsible for leading the Group's Global Clients, Strategy, M&A, Health & Safety, Sustainability, Digital and Procurement functions. Shelley brings extensive strategic, commercial, and operational experience, having previously served as Managing Director of Compass Group's Australian business. Prior to Compass, Shelley held leadership roles in a number of consumer facing businesses in the travel sector including EasyJet, Tiger Airways and Sydney Airport. Shelley has served as a non-executive director at Webjet Limited, a digital travel business listed on the Australian Stock Exchange, since 2016. She will step down from that position on 22 November 2023."

[bountyhunter] 20/10/2023 11:44

Strong results from IHG today following on from WTB's strong results - this sector is recovering well post pandemic.

[bountyhunter] 20/10/2023 08:51

The wider market malaise seems to be dragging just about everything down, regardless of quality.

[togglebrush] 19/10/2023 14:54

Whitbread history links the companies bought, then time taken to develop before possible selling at a profit. For scale a very rough acquisition guide in takeover industries, one CEO buys, one develops, one sells with each CEO in the hot seat for 6 to 8 year period in UK companies.
'
Not an exact science. But interesting see companies board members who have served their time pre Whitbread plus companies time in each market and or markets to add confidence,

Key Dates:
'
1742: Samuel Whitbread establishes his own brewery in London.
1750: Whitbread opens a second brewery on Chiswell Street.
1760: annual output of stout and porter has reached 64,000 barrels.
1834: Ale is added to the product line.
1868: Production of bottled beer begins.
1889: The company goes public.
'
1955: begins expanding through the acquisition of smaller brewers, eventually by 1971 taking over 26 regional breweries.
1968: right to brew Heineken lager under license.
1974: The first Beefeater restaurant opens.
1982: Whitbread enters a joint venture with PepsiCo, Inc.
1985: The company signs a franchise agreement to develop U.K.-based outlets of the T.G.I. Friday's casual dining chain.
,
1986: The Monopolies and Mergers Commission report
1987: The Travel Inn budget hotel chain is launched.
1989: Boddingtons brewery is acquired; a decision to focus principally on hotels and restaurants, while retaining brewery operations, leads to the sale of the wine and spirits division to Allied-Lyons.
1990: The Monopolies and Mergers Commission issues an order related to its investigation of the U.K. system of tied houses, leading Whitbread to sell 1,300 of its pubs and lease another 1,000 by 1992.
'
1995: Whitbread purchases 16 Marriott hotels, the David Lloyd Leisure chain;Costa Coffee chain of coffee shops is acquired.
1999: Whitbread's bid to acquire of Allied Domecq--including 3,500 pubs--fails.
2000:Swallow Group, operator of 36 upscale hotels, is acquired; Whitbread Beer Company is sold to Interbrew S.A.
2001:: The company's pub operations are sold
'
2019 Costa Coffee chain of coffee shops is sold at top of Coffee shop market
2020 Overseas acquisition of German Hotels
E&OE