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Decent results. 150m Buy Back, Dividend up.
Have bought more on the good results. Surely the market has got this wrong and we will see a rise over this morning.
Just bought in here - mms taking out sl's ready for selling shares later when USA gets out of bed?
Superb set of results. You forgot to mention the massive increase to the divi and Germany turning profitable in a matter of months.
Amazed this hasn't risen. Hope it's a delayed response.
Results..................and down she goes.................Sunk!!!
Strong set of results. Increased sales, profit and extended buy-back programmes. Future looks encouraging. What's not to like. Let's hope for a bounce in the share price. But with the FTSE you never know!!
This is interesting
https://apple.news/ABH9ft2NFSrG7BAzVKlWsCA
Restaurants
Went in to one in BERKSHIRE Very welcoming and friendly staff pricing not bad,
BUT the table we used had seen better days IN NEED WITH RE STAINING OR THE TOP COULD DO WITH a quick sanding would make all the difference, but little things would make all the difference, but due to little things not been carried out JUST gives the impression that the company JUST DOES NOT CARE ABOUT APPEARANCE or Total experience to eating at an outlet in Bracknell table 28.
I agree - there doesn’t appear to be any obvious or visible reasons why this has been dragged down ~15% since Jan.
The only thing that I can recall that would add a bit of uncertainty at the moment is what is going on with its restaurants as I thought they were trying to sell them off. I doubt they have been inundated with offers for them.
Nonetheless it’s a well run company and at this price it looks a likely takeover target
I can't think why other than interest rates being higher for longer. Massive buy opportunity in my opinion. I think the results on Tuesday will be good.
Hard to understand why this stock is being sold down. Results are unlikely to disappoint to any great degree, based on recent experience. It's a very well run company with a strong brand and excellent growth prospects both in the UK and Germany. Any short term dip in turnover is likely to be short-lived and if the share price remains depressed there is a good chance of an opportunistic bid from one of the many international hotel groups who would love to own this business.
A yearly low. Good buying opportunity. i'm in at £29.99
Maybe Btf but also black rock got a 0.8 % short on atm - but I’ve looked and they’re sold out on most popular hotels in the summer so unlikely to be UK market - more likely Germany but it’ll only be short term imv - Black rock will have to buy back if results are good next aTuesday so could be a big spike. All IMO but I’m not selling ………yet
Must be some nervousness about next Tuesday's results? I'm back in today at €30.50. Fingers crossed.
It was probably due to the US CPI report. It's a high beta stock.
Any ideas why it's dropped over 4% today
Whitbread is set to sell or convert a third of its Beefeater and Brewers Fayre pubs estate after a private equity swoop collapsed.
https://www.thetimes.co.uk/article/whitbread-takes-the-axe-to-beefeaters-and-brewers-fayre-pubs-xqcq33gdn
Jefferies has issued a 'buy' recommendation for Whitbread PLC (LSE:WTB) with a price target of £42, indicating a potential upside of 31% from its current price of £32.12.
This optimistic outlook is grounded on Whitbread's recent performance and prospects, especially considering the Smith Travel Research (STR) data for February, which showed mixed results for the mid-scale hotel market in company's key markets - the UK and Germany.
Despite a slight decline of -0.6% in UK revenue per available room (RevPAR) and a moderate growth to +4.3% in Germany, Jefferies believes these numbers align with the market's expectations and doesn't foresee a change in financial year 2024 estimates.
Whitbread, known for operating hotels primarily under its flagship brand, Premier Inn, is positioned as a beneficiary in the UK's pressured consumer environment, the American investment bank said.
The company's value proposition, coupled with the accelerated decline of independent competitors since 2019, positions Whitbread favourably in taking market share, Jefferies added.
This scenario is bolstered by the industry-leading yield management practices of Whitbread, creating a promising environment for the company.
Whitbread shares, down 12% in the year to date, were flat mid-afternoon Tuesday at 3,193p.
Shore Capital Markets has maintained a generally positive outlook on Premier Inn parent Whitbread PLC (LSE:WTB) despite recent underperformance and projections of a downturn in RevPAR (Revenue Per Available Room).
Analysts said Whitbread's financial forecasts suggest a trajectory of growth, with anticipated improvements in revenue, EBITDA, and adjusted profit before tax over the next few years.
“We maintain our BUY stance on Whitbread with the forthcoming preliminary results at the end of April set to provide greater clarity of the trading backdrop,” said Shore Cap.
European operations are also continuing to build.
Shore Cap said: “In Germany, we expect Whitbread to meet its milestone of reaching run-rate profitability in the current calendar year although it is arguably the return metrics on its maturing portfolio of hotels which is key".
Whitbread shares are currently down 12.3% year to date at 3,168p.
A current valuation ratio of 12 times net forward income suggests the market is now starting to price in a 5% fall in UK like-for-like RevPAR, said ShoreCap analysts.
“This continues to feel too low, given attractive returns (ROI of 15%), significant freehold backing and market leading position.”
Commercial real estate vulnerable due to ongoing fear of another banking crisis? Only thing I can think of. SFR has been hit hard too.
https://www.euronews.com/business/2024/02/08/is-a-commercial-real-estate-crisis-unfolding-across-europe
Gruyere,
Possibly, not unusual for this share to do this....
I think its being shorted and timed to coiincide with the end of the buyback so the selling pressure isn't balanced by he buys. Just a personal opinion.
There is no bad information. I wouldn't be too concerned. solid company. Plenty of cash.
This will move on up again.
Does anyone have any idea what might or might not be happening.has there been a leak of information we should know about ??
Another nasty drop in the last hour 🤔