George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. 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.
@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?
Excellent, thank you. I wasn't aware of this. I emailed them 15 minutes ago at the address on the Shareholder Benefits page of their website and they've alreadu put the application through.
Have a good weekend all and here's to this upward trend continuing.
I have a SIPP and have the shareholder discount card so don’t think that’s correct. It may be that if you have wtb in a fund rather than individual share then it might not apply. Just send a secure message and ask them to apply for it - that’s what I did. I did reduce my holding a little before trading update ( mistake) but think they are on the right track here especially in Germany where there is huge potential. Good luck all holders.
Nice to see the SP back over 3000 - bodes well for 2023.
Premier Inn continues to dominate the budget hotel market in the UK and with healthy room rates should have a very good year in 2023. Clearly a go to brand in the UK.
The German market is building nicely but occupancy needs to improve before we see profit.
Clearly there are still staffing issues affecting the food offering that are depressing sales, as is the case for most of the hospitality industry, no easy fix here.
Agreed Persimmon, it's a good update and bodes well for future growth post pandemic. Germany is looking particularly positive. Plus there are those free breakfasts......
Presumably its not allowed with a SIPP as the nominee account is being held on behalf of the pension fund and not the individual
a bit unfair as you're an investor no matter what
So it seems strange that PDMRs were dumping shares in November.
07/11 Nigel Jones 5286 @ £25.73 https://www.lse.co.uk/rns/WTB/directorpdmr-shareholding-o202gn93dzkdnbs.html
15/11 Mark Anderson 3000 @ £25.46 https://www.lse.co.uk/rns/WTB/directorpdmr-shareholding-ho8prk94xzjw3hw.html
Tax planning or just a bad call?
@darrenp Did you get your card? I am also with ii but they told me to whistle as it against SIPP rules. Do you have a SIPP, ISA or trading account?
Good figures out, to be honest no more than I expected. Once Germany takes off this should rise significantly further. Dividends too, unlike most AIM companies, whose sole aim is to fill the directors pockets.
Sundays are dirt cheap even on bank holidays
a few of the inns where I live offer rooms for 42.50 so with the discount card it's an absolute bargain
Send ii a secure message and they will send you one. A discount worth having free brekkie tastes GOOD !!!!!!!!!! A substantial saving even if you only use it a couple of times. I have also discovered that Sunday nights are cheapest.
I view the card like a dividend
I only hold about 2k in shares here and we tend to go away for at least 10 nights per year so for the pair of us that's £190 in free breakfasts or a 9.5% divi
The cards are renewed in May but its not like if you don't hold shares on that date you're not entitled to the card.
Provided you meet the minimum share holding requirement of 64 shares you're eligible for the discount card. Contact II and request this and they should contact Link on your behalf and request the card
Be warned though - almost no Whitbread front of house staff know what the card is and you have to explain it to them. Only 1 hotel I've stayed at knew what it was.
There's an undeniable smugness that washes over you when you're sat at breakfast knowing you're probably the only one who didn't have to pay
Am with ii, I’ve heard the cards are issued in May each year.
No, I don't think so. Which broker you with and what type of account is it?
Anyone know if there’s a cut off date to get the shareholder discount card?
Have been hoping for an IHG or Accor type takeover . We live in hope
And another £140k today. Who’s starting to get worried?
Disappointing to see
Stayed in Cardiff bay hotel on Friday and Saturday , no problems what so ever . Place was full , manager stated it always full . Rooms were clean tidy , staff were rushed but polite , could not really fault it .
GLA
Does anyone have a full year EPS estimates for WTB
as the H1 clearly well ahead of consensus?.
Thanks.
7pm Prime location half term holidays and the restaurant manager was turning people away while tables lay empty with dirty crockery. Plenty of staff however could have done with more obviously.
Breakfast had 2 members of staff on. No food then no plates and again having to turn paying customer away when the place had plenty of tables free yet again. Badly run and how frustrating as a share holder watching this thriving place fail.
Hope this was a one off example.