Updates

Whitbread

August 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

An encouraging start for Whitbread with first quarter like-for-like sales up 2.9% including 4.7% at its Premier Inns hotel chain, 0.7% in Restaurants and 1.1% for Costa coffee. The highlight was Premier Inn where like-for-like revenue per available room (RevPAR) increased by 2.9% (+3.8% in London and 2.9% in the Regions). It’s on track to open around 4,200 hotel rooms this year, while at Costa it will add 230-250 coffee shops.Separately, Whitbread has completed the sale and leaseback of a hotel (247 rooms) in Shoreditch for £51m, representing a yield of just under 4% as part of a target to generate £100m-£150m total proceeds this year.Eps is forecast to grow from 247p to 257p in the year to next Februa ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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Whitbread

August 2017

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