Whitbread Share Discussion Threads

[waldron] 13/3/2024 07:38

Analysts' Consensus

Mean consensus
BUY

Number of Analysts
20

Last Close Price
33.02 GBP

Average target price
40.44 GBP
Spread / Average Target
+22.49%

High Price Target
49 GBP
Spread / Highest target
+48.39%

Low Price Target
17 GBP
Spread / Lowest Target
-48.52%

[waldron] 13/3/2024 07:20

WOULD NOT BE SURPRISED TO SEE A CONTINUOUS UP TREND AS EASTER AND SUMMER APPROACHED



Upcoming events on Whitbread PLC

22/04/2024 Q4 2024 Earnings Release (Projected)

21/10/2024 Q2 2025 Earnings Release (Projected)

Enterprize Value EV INDICATES UNDERVALUATION APPARENTLY

[waldron] 12/3/2024 21:33

Premier Inn Bristol City Centre (Haymarket) hotel
Whitbread and Olympian Homes get the go ahead to redevelop landmark Bristol City Centre hotel
Scheduled for to be announced574 RoomsHotel website
Premier Inn
Whitbread PLC
2 min read11 March 2024

Student accommodation and co-living homes will be delivered on the site of the Bristol City Centre (Haymarket) Premier Inn

Redevelopment will replace end-of-life 20-storey hotel building with two new buildings of 18 and 28 storeys

Masterplan sets aside two thirds of the site for public open space and creates a new, safe pedestrian route connecting Bristol Bus station with Broadmead

20% of the co-living homes will be at affordable Local Housing Allowance rents

Whitbread PLC, the UK's largest hotel business and owner of Premier Inn, and its development partner Olympian Homes have secured planning consent from Bristol City Council to redevelop the site of the Bristol City Centre (Haymarket) Premier Inn.

The consented plans will see the 20-storey 1970's building redeveloped to create two new buildings providing 132 co-living homes and 442 purpose-built student accommodation bedrooms.

The footprint of these buildings - of 18 and 28 storeys - would occupy one third of the current site with the remaining two-thirds of the site's ground floor (1,900m²) being opened to the public as open space.

This space, which will be extensively landscaped and planted with a biodiversity net gain of more than 5,000 per cent, will also create a safe and welcoming pedestrian route connecting Bristol Bus & Coach Station and Broadmead.

The existing building was granted planning permission in 1967 and became home to Avon County Council from 1974. Whitbread acquired and converted the building into a hotel in 1999.

Olympian Homes appointed RIBA Stirling Prize-winning Architect Hodder+Partners to design the scheme alongside landscape designers McGregor Coxall. In developing the masterplan, care was taken to open up views of the Scottish Presbyterian Chapel, an important heritage benefit for the city.

Whitbread will continue to operate the Bristol City Centre (Haymarket) hotel as it agrees the planning conditions and Section 106 for the development with Bristol City Council.

[bountyhunter] 04/3/2024 16:34

More buybacks on Friday 1st March reported today:

Date of purchase:

1 March 2024

Number of ordinary shares purchased:

129,602

Highest price paid per share:

3,339.0000

Lowest price paid per share:

3,261.0000

Volume weighted average price paid per share:

3,295.5082





Whitbread intends to cancel the purchased shares.

Since 18 October 2023, Whitbread has purchased 8,914,459 shares at a cost (excluding dealing and associated costs) of £299,881,276.39 .

Quite significant with the market cap being ~6bn.

[bountyhunter] 04/3/2024 16:25

Seconded! But more recovery potential? Ok first we need a recovery; let's see what Hunt pulls out of the hat on Wednesday. A further tax cut could benefit consumer stocks.

[philanderer] 04/3/2024 14:25

Agree with that JD

[bountyhunter] 04/3/2024 13:11

Yes it's general re consumer stocks not specific.

[gswredland] 04/3/2024 13:02

Probably has a part to play but many shares that were powering away are being affected now such as JDW and SMWH. Investors nervous at present about the outlook

[philanderer] 04/3/2024 12:48

Afternoon EI , yes I saw that.

[essentialinvestor] 04/3/2024 12:06

Phil, did you clock the BOD sell I flagged up previously... associated person of a BOD member.

[philanderer] 04/3/2024 12:04

Something not right here.

[bountyhunter] 02/3/2024 18:30

Plenty of ongoing share buybacks to 1 March to date indicate to me that the BoD don't anticipate lower prices post update.

[tlobs2] 02/3/2024 11:25

Lest we forget from just over a month ago ;-)


Whitbread PLC

11 January 2024

Continued strong performance in the UK

and encouraging performance in Germany

Throughout this release percentage growth comparisons are comparing Q3 FY24 performance for the 13 weeks to 30 November 2023 to the same period in FY23, unless stated otherwise.

Q3 FY24 highlights

-- Premier Inn UK:
o Total accommodation sales up 11% with strong demand in both London and the Regions

o Total RevPAR up 9% and up 39% versus FY20 with high occupancy and strong pricing

o Continued outperformance versus the midscale and economy ('M&E') sector with an increased RevPAR premium of GBP6.06 (Q3 FY23: GBP4.48)(1)

o Food and beverage ('F&B') continued to perform well with sales up 6%

-- Premier Inn Germany:
o Total accommodation sales up 47%(2) , led by the continued expansion of our estate

o Total estate RevPAR was EUR60 and RevPAR of our more established hotels was EUR66, in line with the wider M&E market

-- GBP300m share buy-back: on-track with 6.8m shares purchased so far for a total consideration of GBP226m

[essentialinvestor] 01/3/2024 18:51

Disappointing update on the way..?

There was a chunky sale a few weeks back from someone associated with a BOD.

[bountyhunter] 01/3/2024 18:03

I've added a volume chart above, at the end of the header.

[philanderer] 01/3/2024 17:57

Another sell-off and another 1.56 million shares traded.

[philanderer] 01/3/2024 12:07

Seller(s) coming in again.

Chart support around 3090p

[gswredland] 01/3/2024 12:03

Last statement was very positive as steeple suggets

[bigbertie1] 01/3/2024 10:04

My Times Briefing reports "bearish broker notes" this morning, but doesn't mention any names.

[philanderer] 01/3/2024 00:47

3.6 million shares traded. Must have been a sale by an insitutional holder.

[bountyhunter] 29/2/2024 19:17

Rather overdone based on the news highlighted although seems to be more of a general thing with IHG down as well (although not as much).

[jam62] 29/2/2024 16:09

No large placing. No need, given very strong balance sheet and currently in the process of buying own equity. Company has stated that the intention is to cancel treasury-held shares. This has the effect of reducing the number of shares in issue and in the process boost eps.

[philanderer] 29/2/2024 15:26

May have been large placing by an instutional shareholder ? RNS in due course.