Share Name Share Symbol Market Type Share ISIN Share Description
Whitbread Plc LSE:WTB London Ordinary Share GB00B1KJJ408 ORD 76 122/153P
  Price Change % Change Share Price Shares Traded Last Trade
  24.00 1.17% 2,073.00 1,674,196 16:35:29
Bid Price Offer Price High Price Low Price Open Price
2,071.00 2,074.00 2,149.00 2,024.00 2,101.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 2,071.50 280.00 145.90 14.2 2,797
Last Trade Time Trade Type Trade Size Trade Price Currency
18:10:31 O 170,050 2,099.529 GBX

Whitbread (WTB) Latest News (2)

More Whitbread News
Whitbread Takeover Rumours
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 Fund  Percentage of Fund  Last Updated 

Whitbread (WTB) Discussions and Chat

Whitbread Forums and Chat

Date Time Title Posts
23/9/202014:37WHITBREAD - chairman buys @1217p/shr1,402
22/6/202015:58Whitbread rights application delayed in post1
05/6/202009:04 Is the Whitbread share price (LON:WTB) good value at 4,046p?1
16/3/202012:2006-11-01 Whitbread stake building???22

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Whitbread (WTB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-09-23 17:29:482,099.53170,0503,570,249.06O
2020-09-23 17:29:112,099.53484,85810,179,734.32O
2020-09-23 17:12:082,072.931,13123,444.80O
2020-09-23 17:12:072,084.714569,506.29O
2020-09-23 17:09:592,123.1956612,017.23O
View all Whitbread trades in real-time

Whitbread (WTB) Top Chat Posts

Whitbread Daily Update: Whitbread Plc is listed in the Travel & Leisure sector of the London Stock Exchange with ticker WTB. The last closing price for Whitbread was 2,049p.
Whitbread Plc has a 4 week average price of 1,997p and a 12 week average price of 1,997p.
The 1 year high share price is 5,194p while the 1 year low share price is currently 1,805.50p.
There are currently 134,933,393 shares in issue and the average daily traded volume is 862,197 shares. The market capitalisation of Whitbread Plc is £2,797,169,236.89.
84stewart: This is holding up quite well lots of hotel booking mid week restaurants about 25-30%. Full mid week ,weekends better Does not justify low share price imho.
discodave45: Fancied these as a recovery play (staycation boom) but shares in issue has now increased 50% due to the RI (1/3rd more shares on a LFL eps basis) so is it fair to say a share price of ~£32 is the new £50 even assuming earnings return to their pre Covid levels.Apologies if my maths is out!.
kenmitch: Talking about a capital destructive Company,what about Whitbread? Whitbread threw £2.5 billion of the cash they received from their Costa sale on buybacks at an average share price of £51. The share is half that price now! What’s even worse is that Whitbread are now asking shareholders to stump up new money in a rights issue at £15 so increasing the share count again. Yet they earlier threw away £2.5 billion reducing the number of shares in issue. Crazy! That £2.5 billion could still be on the balance sheet. Instead they chucked it away. If that £2.5 billion buyback was a supposed reward to shareholders it didn’t work out that way. With a special dividend from that £2.5 billion, shareholders would have received a real cash bonus. With the buyback they are now far worse off with share down 50% since those buybacks. Whitbread is not unusual in throwing money away like this. It happens time and time again and the huge sums ($trillions in recent years) spent on buybacks in the US too provided no support for share prices during the market crash.
typo56: Sadly lots of cash on the balance sheet isn't cool. It attracts private equity bidders who will promptly walk off with the cash, load it up with debt and float it off again. It also doesn't help some of the metrics investors push you to achieve. Using cash for buybacks raises the EPS and yield (and/or allows you to reduce dividend costs), and it provides some support for the share price, all for very little effort on the part of management. On another matter, the FTSE annual review is on 3rd June. I think FTSE will regard this as a highly dilutive rights issue and include the value of the nil paid rights. If they don't, and WTB fall below about £22 (which they could next week), they could be out of the FTSE 100.
porsche1945: And I think Elliott did a good job, they got the share price up, and got half dead management moving, I wish they would take an activist stake in the whole of utterly hopeless U.K. plc.
pimsim: Just Amazing Gets £3.9bn in cash in Jan 19 after selling Costa. Spends £2.5bn buying back 25% of shares in issue at avg price of £49/share. Despite all the buybacks, the share price goes no where. 12 months later and shareholders are asked to face 33% dilution or help prop up the business with a £1bn rights issue priced at just £15/share (and face the likely prospect of no divi for at least 2 years). Just Amazing.
hodhasharon: WTB Value: £6.19 (over 350% overvalued) Note: This calculation was made before today's news. Calculation Result Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate) £0.67 / (12.09% - 1.22%) £6.19 LSE:WTB Discount to Share Price Calculation Result Value per share (GBP) From above. £6.19 Current discount Discount to share price of £28.43 = -1 x (£28.43 - £6.19) / £6.19 -359.3%
philanderer: Goldmans 'sell' note: We downgrade Whitbread (WTB) to Sell (from Neutral) with 9% downside to our revised 12-month price target of 4,200p (vs. 11% average upside for our coverage). Our EBITDAR estimates fall by c. 5% on average over FY21-23 as we see mounting cost pressures, driven by ongoing wage inflation trends in the UK (with the National Living Wage set to increase by 6.2% in 2020). Consequently, we expect limited (c. 3%) growth in EBITDAR over FY20-23, despite improving RevPAR momentum. Furthermore, we see Whitbread trading at a premium to history on CY21E EV/EBITDAR (exhibit 38) while also being one of the slowest growing hotel companies in our coverage with no cash generation over the next few years (on our forecasts). While the share price underperformed on the day of the 3Q20 trading update, it has now recovered partially (now only 5% below the pre-trading update price), which we do not view as justified as we view consensus estimates as still optimistic (despite recent downgrades). We note UK regional RevPAR growth has remained at -2.1% YTD (vs. -1.7% 3mma). While we expect an improvement in momentum to come through later this year (in line with an improvement in the economic outlook for the UK), any further uncertainty in the UK political environment or trade situation could impact regional corporate travel, creating downside risks to our RevPAR expectations.
philanderer: Peel Hunt note: [W]e initiate coverage on Whitbread with a Buy recommendation and 4,800p target price. We believe the current share price is missing the value locked up in: (i) the growth strategy; and (ii) the freehold assets. Room capacity at Premier Inn will increase 22% based on the committed pipeline and could more than double. Valuation is underpinned by £5bn of freeholds. Management will steadily recycle/return capital as appropriate. A bidder could plan to release capital more quickly. We forecast 69% EPS growth FY20-24E driven by 23% capacity growth to 101k rooms (from 77k today). Our 4,800p target price is based on the long-term growth and asset realisation potential discussed in our note. With the hotel cycle turning there is a risk that negative forecast momentum caps the short-term share price upside.
philanderer: UBS note: Whitbread shares offer 'attractive risk/reward' says UBS Analysts believe Whitbread has an opportunity to create “material value” in Germany, a country with similar or possibly even better characteristics as the UK Whitbread plc (LON:WTB) shares were lifted by an upgrade from UBS to 'buy' from 'neutral' as it sees the market's predictions of sharp fall in hotel room revenue in the current financial year as "too conservative". The shares are at "an attractive risk/reward entry point", the analysts said, after around a 15% fall over the past three months to around 4,200p, a valuation that implies the market see the Premier Inn owner's revenue per available room falling 10%, while UBS forecasts the fall will be nearer 3%. The Swiss bank, which reiterated its target price of 4,850p, added that the group’s freehold property helps underpin the share price and there is “share price optionality” from Whitbread’s German expansion. While Germany is expected to remain a drag on earnings until the 2022 financial year, UBS analysts believe Whitbread has an opportunity to create “material value” in a country with similar characteristics as the UK, possibly even better. "At the moment we do not factor the potential positive value into our base case scenario but see German expansion optionality." Whitbread also has little debt, "which enables [it] to grow in a downturn", and remains the dominant branded UK hotelier with a proven model.
Whitbread share price data is direct from the London Stock Exchange
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