The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
A yearly low. Good buying opportunity. i'm in at £29.99
It was probably due to the US CPI report. It's a high beta stock.
I think I sold at about £168 after a 50% loss. I'm kinda surprised at the recent broker upgrades and the price is creeping back up. To be honest there is probably better places to put my money but still.
I hope AM does make it for you all but there is no way I'm diving back in.
Best of luck to you all.
Jefferies has issued a 'buy' recommendation for Whitbread PLC (LSE:WTB) with a price target of £42, indicating a potential upside of 31% from its current price of £32.12.
This optimistic outlook is grounded on Whitbread's recent performance and prospects, especially considering the Smith Travel Research (STR) data for February, which showed mixed results for the mid-scale hotel market in company's key markets - the UK and Germany.
Despite a slight decline of -0.6% in UK revenue per available room (RevPAR) and a moderate growth to +4.3% in Germany, Jefferies believes these numbers align with the market's expectations and doesn't foresee a change in financial year 2024 estimates.
Whitbread, known for operating hotels primarily under its flagship brand, Premier Inn, is positioned as a beneficiary in the UK's pressured consumer environment, the American investment bank said.
The company's value proposition, coupled with the accelerated decline of independent competitors since 2019, positions Whitbread favourably in taking market share, Jefferies added.
This scenario is bolstered by the industry-leading yield management practices of Whitbread, creating a promising environment for the company.
Whitbread shares, down 12% in the year to date, were flat mid-afternoon Tuesday at 3,193p.
Gruyere,
Possibly, not unusual for this share to do this....
There is no bad information. I wouldn't be too concerned. solid company. Plenty of cash.
This will move on up again.
Broker upgrade
Whitbread Plc: AlphaValue/Baader Europe upgrades to buy from add with a price target raised from GBX 4440 to GBX 4551.
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.
Anything to do with this?
https://investing.thisismoney.co.uk/rns/news/34120877
The buy back finished on the 23rd January.
C26.
I can assure you I do not have multiple ID's. This is only the 2nd time I have I posted on the LSE AM thread. Please see my history.
As I say I am quite happy to hear the negatives. I likely have already seen the multiple speel you keep posting. I do not need to be constantly reminded of the same facts. It's like a school playground in here.
Why have you got such an interest to trash the AM brand all over multiple forums? It's borderline obsessive.
At the end of the day, anyone who bought this share at more than a punt is kidding themselves.
C2645sg
I am sick and tired of this idiot day after day clogging up the thread with the same crap. I have seen this rat posting all over different forums. I mean the guy even says he bought an AM and it broke down the same day.
You are entitled to your opinion but you are not to continually argue on here like a child.
Obviously your main aim is for as many readers as possible to push this share down. I presume you have a short interest.
Nobody sane would go on and on hourly posting tit for tat arguments. How old are you?
Whether you are correct about a cash raise remains to be seen. Some of your points may also be valid but please get a life.
Trading update looks acceptable. Holds full year guidance.