Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Premier Inn owner Whitbread is the biggest FTSE faller, down 5.6%. A note from UBS on the hotels sector noting that the UK competitive position for Premier Inn is "slightly" tougher than pre-Covid, though it "continues to be well positioned".
Anything to do with this?
https://investing.thisismoney.co.uk/rns/news/34120877
The buy back finished on the 23rd January.
Just over 10% of rooms are in Germany. Bad German inflation numbers aren't behind this price fall.
Germany inflation figures dropping through the floor german economy going into deep recesion .
eu will cut interest rates soon to try to stimulate the economy but germany will be hit the hardest.
DYOR.
It seems odd to be doing a buy back if the numbers are off.
Still cant find a reason for the drop, but have bought a few
Then its either a leak of news or manipulation via shorting - whatever it is small PI's aren't in the loop. Personally I took a chance and added a few - but she's still going down.
A stock with this market cap doesn't fall like this without a reason.
I can't see a reason. The share buyback is close to ending but so what the business is fundamentally sound.
I was wondering the same thing. Possibly a less than positive broker note.
Any body know the reason for this drop
I see that there is a mention of a short position on this share. How is this affecting it's share price at the moment?
In for £5,000 myself
Having raised more than they needed in the Covid rights issue, they now have the luxury of being able to buy back a lot of those shares, which is no doubt helping the price. Whitbread remains a well managed company with an excellent brand in Premier Inn and plenty of growth opportunities in Germany and elsewhere. Provided there are no geopolitical shocks, I would expect the shares to motor past £40 again.
Agree, steady as she goes. As high as we've seen post covid meltdown. Was trading circa £40-45 range after Costa sale. I'm expecting £40 this year but all the usual concerns re:middle east might hold it back. Will look to top up if goes below £34 in short term.
Another excellent set of results - clearly the business is extremely well run and going from strength to strength in the UK and Germany - good to see that Germany is likely to break even this trading year.
Trading update looks acceptable. Holds full year guidance.
Room rates seem to be holding up well.
I just booked 12 leisure rooms for occupancy between July and October on Flex for an average of £91 including breakfast.
Flex offers payment on arrival and cancellation up to 1pm on arrival day.
All rooms were in the provinces - none in London or town/city centres.
Went to a witherspoons today for the first time. looks good
Nevergreen, I agreem the £40 target is not unreasonable, it has in fact been touted for quite some time by brokers. WTB is on the up after suffering heavily in the pandemic and only the the 'cost of living crisis' has slowed its recovery. It does right to refine its model in Germany - customer expectations - especially in the liesure sector are very different . The sites they've chosen in cities will do well especially if they are positioned to service the huge number of business people attending the Messe (Trade fairs ) that are held.
I've added recently and like you look forward to £40 plus.
Increased Int Divi 40%, strong update. Todays inflation showing hotel rooms price increased. Premier Inn well placed to benefit. Current upside up to £40 imo.