Updates

Whitbread - Costa & Premier Inn still going strong

December 2015

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.

Whitbread continues to fire on all cylinders with interims showing revenues up 11% to £1.44bn while pretax profit and eps increased 14% to £29m and 127.3p, respectively. Net debt rose £143m to £726m reflecting capital spending of £293m.Within hotels & restaurants operating profit rose almost 11% to £249.4m. Premier Inn sales rose 12.6% (like-for-like sales up 5%) to £642m with revenue per available room growing 4.6% and a 7% increase in room numbers. Average occupancy was 82.9% while London achieved 88.9%. The chain added 819 new rooms in H1 taking the total to 59,957 and for the year it expects to add 5,500. Long-term targets are to hit 75,000 in 2018 and 85,000 in 2020, while it also ...

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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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