Member Info for eshaitan

There is no drilling taking place at the moment but they do have a plan to drill more in Australia and Argentina. I think Byron they still want to try and intercept high grade ore they know is there. No dates yet for when drilling commences

I�m not sure there are any except the market believes costs may take the shine off the eps. The eps this year is forecast to be 250p so at the current share price we are looking at a p/e of 14.4. The average p/e over 5 years has been 17, but it has been over 20. Eps is still forecast to rise next year with expansion. Freehold assets last annual report were estimated to be worth 4.2-5.1 billion. I�m pretty sure we will look back in a couple of montgs and see this as just another blip on the charts as tourist numbers are still up year on year and they have to stay somewhere.

I doubt any of us are day traders, you have to buy as you see it on fundamentals. I wish we could all call the bottom and sell on any retraces :) Still in the 3600-3700 range, the share price still seems to have been dragged down on abf and mks news. Seems a but silly as they are just confirming what whitbread already knows, consumer spending is slowing. I still think they willl grow sales but like for like sales will stall for a bit. Sentiment will ebb this up and down, the next trading update should move it up to the historic average pe as they generate excellent cash flows. I like your enthusiasm moniman, I promise if it gets to 3200 I will be piling in with you! I bought some earlier this morning so I’m about 50 points down as well...

The hotel business generated 4-5 times more profit that the coffee division. Undoubtedly increased staff costs will eat into profits, but if the whole sector is affected prices are likely to rise across the board to compensate. The slight falls in the profitability at costa were overblown. As the cash cow premier inn is mainly focused in the uk and Ireland with 70000 rooms do I think bookings will fall? With the weak pound and their position as a budget chain, no I don’t think they will anytime soon. Also Germany looks pretty exciting, there’s a huge market to target. As the most business friendly country in Europe it makes sense to grow there. I think a 40 pound share price party is much more likely than a 32 quid one. Probably even a 50 pound party, but will keep an eye on things.

Unless the world ends first. Looks like interest rates are going up 0.25pc from all time lows to the last all time low. The sun might not rise tomorrow :)

I don't know whether this is going up or down, flip a coin! Consumer sentiment and spending power is down, competition by airbnb and boutique coffee shops is up, but Whitbread are very well run. Premier Inn and Costa Coffee still have less than 10pc market share so there is plenty of room to grow. They have fallen 10pc in a month, so have Next and GlaxoSmithKline. I just can't see this falling another 10pc there is too much asset backing to the share. The London hotels took a sharp hit in the last reported period down 6pc I belive, probably when maniacs were running down people on Westminster bridge and London bridge. They will pick up, they always do. I very much disagree with moniman saying they have aggressively sold the family silver through sale and leaseback. 65pc of their estate is still freehold and there is a reason for doing this - international expansion. I had to write something as I just looked at the comment and started shaking my head. Whitbread is the only European large-cap hotelier to own most of its hotels, it's the only one that hasn't sold off the family silver! Whitbreads net debt is 1.2 times ebitda earnings. Private equity have argued they should follow the examples of all the other hotel groups and raise that to 3.7 times ebitda earnings and extract 2.4 billion from the business. There is another reason Whitbread may be justified in doing sale and leasebacks, they are probably selling at the top of the commercial market, there definitely seems to be a correction in the offing. If they hadn't done sale and leasebacks already then debt would not be so low, far lower than debt to equity levels in the rest of the sector and much less than a private equity firm would gear. The Uk might experience a slow down, all the more reason to do what they are doing and expanding internationally. Out of the ftse 100 stocks this looks a pretty safe bet, as 21 pounds of the share price is bricks and mortar net assets that can be realised. The other 15 odd quid is for a very well run cash generative business. Short term I'm not sure where this is going, sentiment is a fickle thing. Long term if I had to make a decision I would buy.

It looks dire but more sales from China should come soon and hopefully approval in the uk/eu. We are all down but hopefully not much longer.

Woodford also wanted GSK to be divided into smaller more focused divisions to add value. The same argument has been made for ABF and WTB as well. Boards generally don't like to divide companies though as maybe they think they will be paid less!

Could be worse. Gsk lost 10pc in a few days. I think if it drops to 3200, a forward pe of less than 12, we will all be loading up some more.

I know they have been downgraded by several brokers but pretty confident about buying into this. I think there is only so far this can fall before the asset backing is highlighted again and more speculation on splitting the business.

I think there is enough interest in this that it will rise again when they drill more samples. News flow has not helped. I thought they were meant to be drilling in Argentina in August? I still think prove the resource there and just sell it on and focus on Australia.

What exactly is being derisked Kings? They either need to do a bit more work in Argentina to get a recognised jorc resource. But they already know the grades, there’s going to be nothing new there. Or they are drilling Australia and they have historic records and trench grades already. Drilling is a risk you may have noticed last time they didn’t hit much? It’s a risky business that’s why the Mcap is 3 million.

I think it’s more based on he doesn’t like Tom Winnifrith very much! He does seem very fixated on him for some reason. I think the uptake on LP-LDL has been very good. More European countries and uk and USA should follow soon in tablet form. From that alone I can see break even being achieved next year. Now where are the Tata products to take us into profit?

Very nice. Of course Korg probably did a volte face and bought at 4:29pm yesterday. Being a genius of course.

We need to see tata commercialising slimbiome. It’s been nearly a year now since the tie up, and the share price has been in limbo since. The other agreements although welcome are relatively small. I invested in the basis because I hoped this would be used in high volume products not just niche ones. And that still needs to be proved.

The rise was caused by the ft article implying private equity were crawling over the company wanting to buy their automotive division. The fall is probably caused by them neglecting to say it was put up for sale a couple of months to keep the banks off their backs. So far no takers.

I doubt they will pull the plug. I think they will insist on them raising money though. If they aer still saying there is uncertainty in commissioning dates then the provisions could still go up again.

Drilling will commence soon. I’m a bit puzzled by the delays as well.

Thanks. I have a position on spreadex until June next year I just wondered what other options there were.

Elrico. Out of interest which SB do you use? Thanks.