Whitbread Share Discussion Threads

[steeplejack] 29/2/2024 11:33

Whitbread PLC11 January 2024"Continued strong performance in the UKand encouraging performance in Germany"That was the gist of the 3rd qtr figures.So we're to believe that things have deteriorated sharply since contributing to a fall of over 10% in the stock in last month.

[steeplejack] 29/2/2024 11:16

"Hotel group Dalata said it hit a new record in 2023, with revenue reaching €600 million as the company continued to pursue its growth strategy."Perhaps the figures undershot expectations but the results don't suggest the hotel trading environment is onerous.The deterioration in Germany sales data is probably the likely trigger. The company's German expansion is the current focus of investor attention.Also there's the insider sale the other day.So a number of factors packaged to generate a bit of broker business.

[tlobs2] 29/2/2024 11:15

They need to crank up the share buy back program whilst they've got the opportunity :-)

[phillis] 29/2/2024 11:04

probably Germany

[jam62] 29/2/2024 11:02

It seems that there is an industry survey out this morning called STR weekly market data indicating a decline in RevPAR.

Also, an Irish hotels group called Dalata has reported figures this morning and the share price has declined by 6%.

Looks like some extrapolation has been applied and assumptions made. I think probably very tenuous.

[philanderer] 29/2/2024 10:50

This is turning into a worry. Insiders selling before next results ?


Tenuous...

(Sharecast News) - German retail sales fell unexpectedly in January, down 0.4% against expectations of a 0.5% rise, according to official data published on Thursday.

On a yearly basis the fall was 1.4%. The month-on-month decline compared with December's 1.6% fall.

[gswredland] 29/2/2024 10:14

Yes strange.
Haven't looked at the director dealing yet though

[jam62] 29/2/2024 09:33

The only explanation must be a broker downgrade, but can’t see any news yet.

[bigbertie1] 29/2/2024 09:29

Mysterious drop this morning - I can't find any explanations in press or rns.

[tlobs2] 27/2/2024 10:42

We could do with Whitbread offering discounts on hotel rooms rather than free breakfasts for share holders. The price of rooms have gone up quite a lot since last year.

[philanderer] 26/2/2024 15:11

Whitbread secures second location for Premier Inn in Cork

[bountyhunter] 25/2/2024 20:45

Yes that's rather odd. WTB surely has some catching up to do, but is more affected by the UK economy so we may need to await a cut in UK interest rates?
Prelims were announced on 25 April last year so a couple of months to wait for those.

[philanderer] 23/2/2024 16:11

Well out of favour lately. Compared to IHG which is going gangbusters.

[bountyhunter] 20/2/2024 13:27

Finals and final divi declaration around 23 April?

At least that is what DividendMax is stating..

[bountyhunter] 20/2/2024 13:24

That bodes well for WTB and is probably why the price has picked up today.

[philanderer] 20/2/2024 10:01

Impressive numbers from IHG today and a very good recent shareprice performance.

[philanderer] 14/2/2024 14:37

WTB tip , article in The Mail..

[philanderer] 05/2/2024 19:38

Premier Inn owner Whitbread is a winning stock for recession - broker


Premier Inn owner Whitbread PLC (LSE:WTB) can be a “recession winner” according to analysts at Jefferies which has a ‘Buy’ rating for the hospitality stock.

The broker, in a note, highlighted Whitbread’s strategic focus on expansion and optimisation, with an eye on enhancing returns and deepening its economic ‘moat’, particularly in the UK and Germany.

"Whitbread is a recession winner with its budget price point, industry-leading price sophistication, beneficial supply conditions, and £750m of cash firepower,” Jefferies analyst team said.

"The company has a clear roadmap for further ROCE-accretive growth in the UK."

Helped by the brand power behind Premier Inn, the hotel operator benefits from cheaper customer acquisition compared to rivals – which rely heavily on third-party websites for bookings.

With 99% of Premier Inn website traffic coming directly, Whitbread benefits from lower customer acquisition costs and valuable customer data, Jefferies noted.

The broker highlighted that this approach not only supports its position in the UK but is also being adapted to suit the German market, where Whitbread aims to become the leading brand.

In terms of valuation, Jefferies points out that Whitbread's shares trade at a multiple of at 9.5 times the anticipated 2024 enterprise value to earnings (EV/EBITDA), compared to a pre-COVID average of 10.2x.

Jefferies Buy rating pitches a price target of £44.00, suggesting around 25% upside compared to its current trading price of around £35.23.


proactiveinvestors.co.uk

[tlobs2] 02/2/2024 15:40

They are like normal people. They maybe sell to help fund a house move, pay off a mortgage or similar.

[bountyhunter] 01/2/2024 16:00

Another Director buy reported today.

[philanderer] 31/1/2024 15:51

Just seen that £160k director sale last friday

4,501 @ £35.91





















4,501



£161,630.91

[tlobs2] 30/1/2024 15:34

Now there's a nice quality hotel in Cork to go and claim a couple of free breakfasts :-)

[philanderer] 30/1/2024 13:41

Whitbread opens Premier Inn at Cork City Centre

The new opening has grown Whitbread’s network of Irish hotels to six locations and more than 1,000 trading bedrooms

[essentialinvestor] 19/1/2024 14:33

Phil, would say WTB has more of a cyclical element (business stays) than IHG fwiw

[philanderer] 19/1/2024 14:27

'R' word in the UK being talked about after that Retail Sales report this morning.

IHG outperforming WTB big time over the last 6 months and again today.