We are just being shaken out. This share will come back up. All components of the business are in tact.
Patience everyone:)
German business is on track to make profit next year.
I see we have a £9m buy at close today.
I feel everyones frustration with the volatility. I've been in and out over the years but in the end I've always made a few quid. This will come good. Solid business.
Glasshalffull I bought roughly the same at £29.99 a couple of days ago. I worked for this company for over 20 years. It is unrivalled. Excellent buy in my opinion. Your money is safe :)
Decent results. 150m Buy Back, Dividend up.
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.