The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Was there any indication of the possible buy out price?
Congratulations to Hargreave Lansdown who have put a box to select if you qualify for Whitbread shareholders discount card.
If you qualify for this bonus don't forget to start looking for actions you need to take to take with other share brokers.
Peel Hunt's leisure analyst has identified Whitbread as a possible bid target from a trade or private equity buyer and rightly so. The company has a proven and successful business model and impressive growth prospects both in the UK and in Germany. It also has a strong balance sheet and is well managed. The share price remains depressed post pandemic, in comparison with its international counterpart IHG. While I would prefer Whitbread to remain independent, it is hard to believe that it will do unless the share price recovers significantly.
Any thoughts on this:
"Travelodge bids to team up with councils to build 300 hotels
Hotel chain Travelodge is writing to 220 local authorities across Britain proposing a joint development partnership aimed at stimulating regeneration and economic growth.
Travelodge said it has identified that it can expand its UK hotel network with a further 300 locations for new hotels.
The company said the expansion programme could represent an investment of around £3bn for third-party investors and create more than 9,000 jobs across the UK.
Steve Bennett, Travelodge's chief property and development officer, said:
In the current climate, local authorities are under extreme pressure to invest in their economy and support regeneration projects.
This is why we are today writing to 220 local authorities to offer our support, as we can make a real difference.
Our effective, innovative co-partnership development deals are spearheading regional economic growth and providing a solid long-term revenue stream.
Britain is now a nation of budget travellers, with more of us choosing to stay in budget hotels than any other hotel type, and this trend is set to grow, which is why we are looking to expand our UK hotel network with a further 300 hotels."
From August, alcohol taxes in pubs to be 11p in the pound lower than the rate in supermarkets!
Will especially help those sales from Brewers who make their own drafts!
They look like a steal having seen a turnaround? They have also been selling off non core assets lately which might mean getting ready for a take over. Or at Whitbread have been doing so well in Germany a tie up may be formed with a Euro brewer? Oh sorry back to Marstons again?
So what was it about then?
All Whitbread employees have been told they HAVE to attend a meeting on Sunday 26th Feb with the company set to make an announcement .
Happyinvestor, You mean Wetherspoons not Whitbread. In any event an interesting thought.
https://www.londonstockexchange.com/news-article/JDW/holding-s-in-company/15824475
He's acquired an extra 2.6m shares taking his equity to 23.9%. Is he going to make an attempt to take the group private? (genuine question).
All IMHO DYOR
Happy
Sorry for late reply. They’ve told me I can have a card, mine are in an isa.
We should see a decent 10% rise from here within the next few months given all the good news that is filtering out.
Dividends as well. What's not to like?
Hope the sp "Snowballs" from here!
Nd
Got a long term target of 48-50 here based on a point and figure chart , can’t see it playing out for several years but these guys own a lot of property , will get factored in by someone
And a director buy announced today. Not a life changing amount at £20,000 but good for sentiment none the less.
samson 123 I agree about the capital return - it's not reasonable to ask any investor to sell stock without knowing the price.
Also the way they distributed the proceeds was very unfair.
Still rankles with many investors.
@SailorBeware Unfortunately, the BoD gave away most of the proceeds from the Costa sale as a special divi, hence the £1B rights issue a year later!
Also, the recession was caused by huge QE, which inevitably led to inflation and thus interest rate rises. This is what happens when central banks put the printers into overdrive. Everything is blamed these days: Brexit, COVID, Ukraine... ...what next? There are chronic issues in the developed world.
Thanks @chilting. Here's another one from today:
JPMorgan raises Whitbread price target to 4,200 (4,100) pence - 'overweight'
https://www.lse.co.uk/news/WTB/london-broker-ratings-socgen-raises-severn-trent-to-buy-44oy0ei7zxjwwfb.html
Sale of Costa in August 2019, £3.9 billion, pre Covid pandemic, and recession re Ukraine war, has allowed time to buy cheap properies and develop the business to create the attractive structural growth opportunities for its leading hotel business, Premier Inn, in the UK and Germany.
'
Sold Costa at probable peak and added to Premier Inn on the cheap before an emerging market bounce ???
Thanks for the ammo both. I'll have another go...
Got some in HL in a SIPP and some in ii as a IISA both gave me a card.
@Da_Master - Can’t say I understand the logic from ii - how can you be a member of a pension scheme until you’ve either taken an annuity or other option. While it’s a SIPP it’s just a savings vehicle for a future pension scheme - Just my opinion but I think ii are misinterpreting what HMRC are saying. I hold a few hundred as I look for undervalued FTSE 100 companies and wtb were and still are undervalued - albeit I reduced my holding slightly before results - just in case as the markets punish anything but stellar updates. Good luck all holders.
Yesterdays trading update received a very good response from these brokers.
UBS raises Whitbread price target to 3,750 (3,505) pence - 'buy'
SocGen raises Whitbread price target to 3,150 (2,790) pence - 'hold'
Barclays raises Whitbread price target to 3,750 (3,500) pence - 'overweight'
Bernstein raises Whitbread price target to 2,985 (2,700) pence - 'market-perform'
Jefferies raises Whitbread price target to 3,500 (3,000) pence - 'buy'
Our Nigel's at it again: https://www.lse.co.uk/rns/WTB/directorpdmr-shareholding-f47duxa8wmvxvpq.html
@princeofdarkness I hold significantly more than the prerequisite 64 individual shares in my ii SIPP account. Here is ii's response to my complaint:
"Thank you for your secure message of 9th May 2022 about the shareholder benefits for Whitbread Plc. I am sorry that you had reason to raise a complaint.
I attempted to contact you by telephone on 18th May 2022 at 11:23, however there was no answer. I have detailed below the investigation and outcome of your complaint. As I have been unable to speak to you, should you wish to discuss the outcome of your complaint, please contact me on the details below.
My understanding of your complaint is as follows:
· You are unhappy we have declined your request to send you a Whitbread Plc shareholder benefit card.
My findings are based on my understanding of your complaint, so please do let me know if I have misunderstood any aspect.
In November 2021 we asked HMRC for clarification on whether shareholder benefits on SIPP accounts are likely to be treated as unauthorised payments. In December 2021 they responded and advised based on the information we had provided, the provision of such assets to a member of a registered pension scheme are likely to be treated as unauthorised payments. Following this, we deemed all SIPP customers ineligible for shareholder benefits from 25th January 2022.
I am aware my colleague Jessika advised in her secure message to you that she had logged the request for the card to be sent, however, this request was declined, Jessika sent you a further secure message later the same day to advise the reason the request had been declined. I understand you have received the card previously, however, going forward we are unable to send them.
You advised that Hargreaves Lansdown do forward these benefits to you. I hope you can understand that we are unable to comment on the policies or processes of other businesses.
Our SIPP Terms of Service (6.8T) state 'You acknowledge that any facility to receive shareholder communications and benefits may be made available by us to you only after a request from you and with the consent of the relevant company or registrar.’
As we are following HMRC advice, I am unable to uphold your complaint.
I do need to provide you with a final decision letter. This is determined by our regulator so that you are aware this is the final step within our process. Therefore, please note this is our final decision letter and my overall decision is to not uphold your complaint. "
Does anyone else hold their shares in an ii SIPP and have manged to obtain a card?