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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Marstons

Marks & Spencer

Whitbread - Premier Inn owner has strong new rooms pipeline to cash in on shrinking supply (December 2024)

Whitbread - £1bn rights issue provides strong recovery platform for budget hotels (July 2020)

Whitbread (October 2018)

Whitbread (July 2018)

Whitbread (December 2017)

Whitbread (December 2016)

Whitbread - On track to open 85,000 rooms by 2020 (July 2016)

Whitbread - De-rating may renew call to float fast growing coffee branch (March 2016)

Whitbread - Costa & Premier Inn still going strong (December 2015)

Whitbread - Now targeting 85,000 hotel rooms by 2020 (June 2015)

Whitbread - Shares hit high of £53! (April 2015)

Whitbread - Gain to date: 112% (December 2014)

Whitbread (August 2014)

Whitbread - Broker has price target of 4650p (June 2014)

Whitbread - On track to have 75,000 rooms by 2018 (December 2013)

Whitbread - Launches new hotel concept (August 2013)

Whitbread - Unveils new expansion target for its budget hotels business (June 2013)

Whitbread (February 2013)

Whitbread - Shares have now gained 283p since our recommendation (December 2012)

Whitbread - All divisions going well (October 2012)

Whitbread -Budget hotels and coffee shops drive surge in eps growth (August 2012)

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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