focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Get why companies or brands with huge profiles go and change names - TUI - marathon - Opel fruits etc I never got over that one ! It must cost hundreds of thousands of pounds - probably new management trying to look futuristic and a pushy PR company. Nonsense
this family have been successful restaurateurs since the fifties. this cannot be worth 50% less than it was a week ago. The Kaye family are worth backing and are sure to turn this around quick, at this price a takeover bid wouldn't be a surprise. GLA
Premier Inn is a great product; a clean comfortable room, in a good location at a sensible price. With over 60,000 rooms in the estate, it is the clear market leader in the UK branded budget hotel sector. Costa is omnipresent on UK High Streets and highways, with a rapidly growing overseas presence too. The restaurants business plays a supporting role to the hotels, but struggles to inspire in its own right. The planned growth of the hotel and coffee estates gives excellent visibility of growth, much of which is independent of the economic cycle. Premier Inn has delivered consistently positive LFL sales growth in a variety of economic conditions, underscoring the strength of its proposition. Costa is busily slaking the nation's never ending thirst for caffeine; think of it as an investment play on the UK's long hours work culture. Both businesses have growth plans that envisage expansion of around 40-50% in their estates over a five year period. The stock has retreated by over 15% in the last year, and now trades on circa 15.4x consensus earnings to Jan 2017, which is a little cheaper than its longer run average of 16x. There are not that many stocks out there offering double-digit organic sales growth. Premier Inn has been slow to gain traction overseas, but the UK estate's growth has more than compensated. The balance sheet is strong, with plenty of freehold hotel assets, so Whitbread looks capable of funding its growth, without recourse to shareholders
Premier Inn is delighted to announce the opening of a brand new hotel in Darlington Town Centre on the 23rd April 2016. This new property will contribute over £4.1 million of fresh investment to the local area whilst generating 26 new year round jobs for the residents of Darlington and the surrounding area.
Ibstock revealed what looked like a year of solid growth on Thursday, as it published its first results as a listed company. Adjusted revenue at the FTSE 150 brick manufacturer improved 10.6% during the period to £412.8m, with adjusted EBITDA up 64.7% to £107m. The company's adjusted results were based on a 12 month period, with its statutory results covering the period from 28 November 2014 to 31 December 2015. Ibstock said the statutory figures were complicated by the acquisition of operating businesses from CRH in February, and the initial public offering in October 2015.