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it's not an exact science, but just as an example of volume today to 2pm, provides an idea as to the demand for shares despite brokers lowering the sp and trying to finding a sweet spot for generating trades .... :-)
Vol. Sold 144,484
Sold Value £3,773,470.48
Vol. Bought 173,821
Bought Value £4,547,338.74
Interactive Investor have refused to give me mine saying that because it's a SIPP account it would break HMRC's rules.
I stayed last week and had a meal deal, which includes a free breakfast anyway.
Has anyone received their Shareholders Discount card this year? It is a valuable perk in these hard times ;)
Just bouncing people out,
indeed, minus 4% today so far, you'd think WTB were not making increased profits and continuing to grow with a large cash balance !
Expect some aggressive tree shakes , they want to shake out all the stops and grab any cheap shares
https://twitter.com/surprised_trade/status/1537321513250070528
The Times today , feature on #WTB re potential takeover target .....
The 20 analysts offering 12 month price targets for Whitbread plc have a median target of 3785p, with a high estimate of 4100p.
https://markets.ft.com/data/equities/tearsheet/forecasts?s=wtb:lse
https://www.thetimes.co.uk/article/why-bidders-may-knock-at-whitbreads-door
Why bidders may knock at Whitbread’s door
....there is enough to convince potential bidders to take a tilt at Whitbread, even putting aside an undemanding price tag. Owning roughly 56 per cent of its estate gives the group a property portfolio valued at £3.4 billion at the start of March. A sale-and-leaseback of just a slice of those hotels and land could be one way to unlock value for a potential bidder. There is also the temptation to lever up to boost returns, which could get private equity fingers twitching. In March the group had £141 million in net cash on the balance sheet, .............Premier Inn has ten times the hotels it entered the pandemic with in Germany and the financial clout to expand further.
Likely upgrades by analysts to earnings forecasts this year make the shares look even cheaper. Shore Capital has mooted an increase in pre-tax profit this year by a punchy £50 million to £60 million .....
ADVICE - Buy
WHY - Takeover potential and a further recovery in occupancy could lift the shares higher
Look on the london stock exchange website for rns , much quicker than on this site
Can anyone shed light on where the capex (maintenance and investment in new hotels) is reported please? Is it 'Other site property costs' listed in Note 5 - Operating Costs of the FY22 Annual Report?
I think that there is little doubt that the SP will rise in line with broker forecasts when the global macro shows signs of improvement.
But, WTB is actually trading well, even with recessionary fears, mainly because many of their B&B competitors from 2019 are no longer trading.
Share price forecast
The 20 analysts offering 12 month price targets for Whitbread plc have a median target of 3785p, with a high estimate of 4100p. The median estimate represents a 47.51% increase from the last price of 2566p.
In 2022, Whitbread PLC reported a dividend of 0.35p. The 18 analysts covering the company expect dividends of 0.42p for the upcoming fiscal year, an increase of 19.60%
https://markets.ft.com/data/equities/tearsheet/forecasts?s=wtb:lse
Where did you get this? There are no RNS’ on LSE this morning for any of my holdings! I was expecting three trading updates.
So, the strong recovery continues with the independent sector of the UK hotel market still in disarray and still contacting.
The only downside is increased labour costs.
Whitbread Q1 trading beats expectations
(Sharecast News) - Trading at Whitbread beat expectations in the first quarter, the pubs and hotel operator said on Wednesday, as demand continued to rebound following the worst of the pandemic.
The owner of Premier Inn, Brewers Fayre and Beefeater, among others, saw UK accommodation sales surge 221.6% on a like-for-like basis year-on-year, or by 21.3% when compared to the same period in 2019.
UK food and beverage sales were 566.5% ahead year-on-year, and down 7.6% on the same period in the 2020 full year.
Whitbread's smaller German business also rebounded more strongly than expected, with Premier Inn occupancy levels reaching 64.7% in the last four weeks of the quarter.
Total group sales were ahead 286% on a like-for-like basis, or 10.8% when compared to pre-pandemic trading.
Alison Brittain, chief executive, said: "The strength of Premier Inn's recovery in the UK continues to be ahead of expectations, with a particularly strong first quarter performance that is well-ahead of pre-pandemic levels.
"This outperformance is driven by a number of factors, including our commercial and operational focus as well as the strength of our brand and operating model."
The company, which has also benefited from the decline of the independent hotel sector, said it was around 40% booked for the second quarter and remained "positive" about continued margin recovery during the current year.
Continued market outperformance in the UK with Premier Inn total accommodation sales 27.2pp ahead of the market1, driven by the strength of our commercial and operational initiatives combined with the inherent strengths of our brand, scale and direct distribution
· Our UK hotels continue to perform well ahead of pre-COVID levels:
o Total UK accommodation sales 235.6% ahead vs FY22 (31.0% ahead vs FY20)
o UK LFL accommodation sales 221.6% ahead vs FY22 (21.3% ahead vs FY20)
· UK food and beverage sales were 585.3% ahead vs FY22 (4.3% behind vs FY20)
plan to invest additional costs of £20m - £30m in labour, refurbishments and IT in FY23
German hotel market has recovered more strongly than expected and Premier Inn occupancy levels were 64.7% in last four weeks of the quarter
Comment from Alison Brittain, CEO:
"The strength of Premier Inn's recovery in the UK continues to be ahead of expectations with a particularly strong Q1 performance that is well ahead of pre-pandemic levels and we continue to significantly outperform the market1. This outperformance is driven by a number of factors, including our commercial and operational focus as well as the strength of our brand and operating model, our direct distribution, national coverage and accelerated independent supply contraction.
"In Germany, our open hotel estate now stands at 40 hotels, with a further 38 hotels in the pipeline. The quality and prime location of our hotels are proving highly attractive and are driving high customer scores. The trading performance of our more mature hotels in the two months post the lifting of COVID restrictions only reinforces our positive view of the significant opportunity in Germany.
"This impressive Q1 performance together with improved visibility into Q2, gives us increased confidence in delivering a strong first half and remaining ahead of the market for the rest of the year."
Nice to see composite operators coming in , explains the long slow falling price , as they built the position .
Spotted this starting in Nov 20021 .
GLA
sailing into the headwinds of national living wage, brexit, covid, labour shortages, laundry issues, driver issues, labour inflation, food inflation, energy costs surging, they have to raise the room rates , leisure budget travel will fall, 4 star corporate deal business man may be pushed into premium economy . i'm gonna hold in for the long haul even though germany is a basket case
Let’s hope so
both in the U.K and Germany. Figures well ahead of pre-pandemic levels and dividend restored.
Not many better opportunities on the market for short and medium term growth.
Fully expect s p to be up around 20% from this level by end of 2022.
i foresee WTB as another in the long list of companies taking on a foreign territory and failing, badly.
Germany is a mess . Big investment , big losses into a market doomed to fail. This move was all about showing how Premier Inn could scale globaly to hook a buyer. Nobody has taken the bait
extracts of the article...
While UK consumers grapple with the rising cost of living, the one thing we’re betting they won’t want to give up this year is their summer holiday, even if it means settling for a cheap staycation.
As the UK’s largest hospitality business with over 90,000 rooms, and a rapidly expanding presence in Germany where it already has 14,000 rooms, Premier Inn owner Whitbread (WTB) is in a prime position to benefit from the desire to get away.....
... the firm swung back to a profit of £58 million in the year to 3 March as sales almost trebled. That impressive recovery in revenues continued in March and April with UK accommodation sales now around 30% above pre-Covid levels thanks to occupancy rates of over 80% .....the board agreed to resume the payment of dividends from July,.....2022 could turn out to
be a bumper summer for UK hospitality, which means now is a great time to buy shares in Whitbread as its services could
be in strong demand..... BUY
Deutsche Bank have retained their buy rating and left the SP guidance unchanged at 3800p - their rating is unchanged since May 2021.
Totally agree tried to book up a trip for July , quoted £150 p night all hotels were either full or only had a few rooms left . Will show in next year accounts , topped up my holding today .
GLA
Greggs update saying their travel locations have seen large pick up in last few weeks. I think business travel back on agenda should be good for WTB.