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(WTB) Whitbread Share Chat

Discussion in 'General Share Chat' started by Inspiration, Jan 29, 2016.

  1. Inspiration

    Inspiration Moderator Moderator

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    Whitbread have just opened their first Premier Inn hotel in Germany. It's in Frankfurt.

    The brand has been extremely successful, since diversifying from being a brewers. It now owns Costa Coffee, Premier Inn and a number of popular restaurants, including Brewers Fayre, Beefeater, Table Table and Taybarns.

    I have shares and am holding for the long term, as I believe it has great potential.

    Year high 5,475p
    Year low 3,836p

    Dividend yield 2.07%
     
    Last edited: Jan 29, 2016
  2. Inspiration

    Inspiration Moderator Moderator

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    £10.7m bought at 4.35pm today. Nice!
     
  3. Jon Holden

    Jon Holden Demi God of BlueShare

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    I bought in at the end of December so I'm down at the moment but like you believe they are a long term bet.
     
    Inspiration likes this.
  4. Inspiration

    Inspiration Moderator Moderator

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  5. Mongoose82

    Mongoose82 A Legendary Member

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    "Q1 Trading (March-May) saw weaker than expected trading in Premier Inn hotels with more robust performance in Costa enabling management to reiterate ‘in line/on track’ sentiments. Overall sales growth was 8%, with LFL growth of 1.8% (PGe 2.1%) with 474 new Premier Inns opened and 94 new Costa stores. Room opening targets have been slightly ranged down to 4,000- 4,500 (from 4,500) although Costa stores and machine targets expanded 230- 250 (from 230) and 1,250 machines (1,000). We do not expect forecasts to move materially today (call at 7.45am) although hotel weakness is cause for some caution."

    Panmure note out this morning: https://www.research-tree.com/Company/GB00B1KJJ408
     
  6. Mongoose82

    Mongoose82 A Legendary Member

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    Beaufort note out this morning: https://www.research-tree.com/company/GB00B1KJJ408

    "Whitbread delivered resilient progress in the first quarter despite a weaker UK hotel market, particularly in London where RevPAR declined -1.6% for the total market and fell -3.5% for the Midscale and Economy market. While the major extension programme for Premier Inn has diluted its RevPAR due to higher number of rooms, it supported LFL sales and contributed to +2.1% growth, ahead of the consensus analysts’ Q1 estimate of +1.6%. Costa’s performance, on the other hand, was more encouraging as it advanced total sales by +11.5%, with LFL sales up +2.6% (consensus: +1.9%) recovering from the disappointing Q4 FY2015 result of +0.5% LFL growth that the Group blamed on lower footfall and an unusually warm winter. The Group remains on schedule to open 4,000-4,500 new hotel rooms, 230-250 Costa stores worldwide and has increased its target installation of Costa Express machines to at least 1,250 for this year. Although the Group has seen a tougher trading environment recently in China, international system sales (EMEI and Asia) grew by +11.5% to £88.3m. We believe the long term global opportunity for Costa and this remains one of the most exciting parts of the Group going forward. Whitbread’s share price movement in June to date largely replicates the overall FTSE100 performance, in which companies with significant overseas exposure nevertheless have suffered from cautionary sentiment in the face of polling anticipating a BREXIT majority."
     
  7. Mongoose82

    Mongoose82 A Legendary Member

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    FY15/16 in line with expectations despite a deceleration in the competitive London hotel market The group revealed a strong set of FY15/16 results (fiscal year ended on 03/03/2016) in spite of the top-line growth deceleration for Premier Inn, due to a tougher London market, marked by growing room supply and competition from Airbnb. Group sales rose by 3% lfl (+12% reported), strongly backed by Premier Inn (+4.2% lfl) and Restaurants (+3.5% lfl) while UK equity stores at Costa recorded a 2.9% rise in sales. Premier Inn recorded a 4.2% rise in RevPAR (o/w -0.4% in London, +3.4% in Regions) while the rooms available jumped by 9.8% (5,461 UK rooms opened in FY15/16) on the back of heavy investment completed and largely dedicated to hotel openings (£725m, i.e. c.25% of sales).

    AlphaValue report: Https://www.research-tree.com/Company/GB00B1KJJ408
     
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