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I bought at -5.12%. Fill ya boots.
US PCI will bring this back up somewhat. Absolutely no reason for the drop. I would argue WTB is stronger after covid. Thousands of smaller hotels have closed post covid increasing WTB market share.
Suppose when you have the Directors selling large numbers of shares at a 15% gain in share price for the year one can see why brokers are marking down on sentiment. They are no doubt making use of the 30 day window before the results. So the Market is thinking this might be a reflection going forward I suppose. Does seem a big drop for today however considering but Sentiment can play a role, and it does seem strange selling before results and where the govt. has reined in CGT for the year?
If that's the only reason for the drop then fill your boots.
This will be nearer £40/share than £30 after Full Year results at the end of April.
As usual, analysts from UBS talking out of their nether regions. For my sins, I undertake financial analysis for commercial real estate companies - give me a Premier Inn any day of the week as a tenant. Strong underlying financials, and along with Travelodge, taking market share from the mid-market players, who in my view, are the one's that will be finding things 'tougher'.
Bought on the 5% dip here ...
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