Updates

Whitbread - On track to open 85,000 rooms by 2020

July 2016

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.

The shares have bounced 401p since we re-recommended them in March at 3707p and are now 97% ahead of our original tip in August ‘12.The catalyst was full year results slightly better than expected, with revenues, pretax profit and eps all ahead by 12% to £2922m, £569m and 238.7p, respectively.The biggest side, budget hotels trading as Premier Inn, grew sales almost 13% £1,260m with like-for-like sales ahead 4.2%. The group added 9% more rooms to take the total to 64,599 including 11,000 in London and has a target to reach 85,000 by 2020 including 18-20,000 rooms in London. Outside the UK it has earmarked Germany as an exciting opportunity, opening its first hotel in Frankfurt in February and aims to ha ...

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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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