Ken Baksh – December Investment Monthly
In our December investment review, Ken discusses the macro picture in the US, Europe, China and Japan before looking at the effects of inflation. We then look at moves over the past 2 months before moving to the UK economy and issues such as consumer confidence, the trade deficit and Govt deficit, insolvencies and recession […]
Alan Green discusses #WTB Whitbread, #POLB Poolbeg Pharma & #FCM First Class Metals on the Vox Market Podcast
Alan Green discusses #WTB Whitbread, #POLB Poolbeg Pharma & #FCM First Class Metals on the Vox Market Podcast Listen here
UK Investor Magazine podcast – Alan Green discusses markets, Whitbread #WTB, Kavango Resources #KAV & Sovereign Metals #SVML
Alan Green joins the UK Investor Magazine as we delve into the recent market volatility and explore the outlook for equity markets. We start by looking at upcoming central bank action with the Federal Reserve and Bank of England poised to hike rates in the coming hours and days. Market expectations point to a 75 […]
Ian Pollard – Costa Sale Brings Large Share Buy Back For Whitbread Shareholders.
Whitbread plc WTB Completed the sale of Costa to The Coca-Cola Company for £3.9bn on 3 Jan 2019, ahead of schedule. Over 2,000 new rooms were added with occupancy high at over 80%. UK like for like sales growth fell by 0.6% over the quarter and 0.7% over the year. Despite the high occupancy […]
Ian Pollard – Whitbread #WTB, a solidly good year!
Whitbread plc WTB can not quite make its mind up as to whether its full year results are good or solid, so to be on the safe side, it claims they are both.On an underlying basis revenue rose by 2.6% and profit before tax by 2.5% which is hardly impressive. On a statutory basis, operating […]
Ian Pollard – Whitbread #WTB UK Decline Turned Into “Growth”
Whitbread plc WTB tries to put a brave face on its first quarter results by headlining sales growth and expansion and ignoring the unhappy reality. The truth is that growth is due to investment in new hotels and new Costa stores. On a like for like basis the quarter has been, to put it politely, […]
Ian Pollard – Whitbread Delves Deep Into The Excuses Drawer – Even For Costa
Whitbread WTB is forced to delve deep into the excuses and jargon drawer to try and explain away its weak UK performance during quarter 3. It concentrates on total sales growth figures which look quite reasonable until one looks at how it fared on a like for like basis.Thus group sales growth came in at […]
Pipelines Are In Growth Channels & Lapped Prior Year Pipeline Fill
Whitbread plc WBT places such emphasis on its various pipelines new and old that one has to wonder which business it is in, hotels or oil and gas. Verbiage in its interim report has not however stopped it from having a good first half. On a statutory basis, profit before tax for the six months […]
Fast start to the year for Whitbread
by Ian Pollard Whitbread WTB – Management reports a good start to the year, with first quarter sales growth of 7.6%, in line with expectations. Premier Inn continued to win overall market share with strong sales growth of 9.2%, benefitting from a resilient hotel market and the contribution from the c.9,000 rooms opened over the […]
Whitbread Raises Dividend by 6%
Whitbread plc WTB is increasing its full year dividend by 6% after another year of strong sales and growth. Revenue for the year to 2nd March rose by 8.2% and underlying profit before tax by 6.2%. On a like for like basis revenue at Premier Inns increased by 2.3% after achieving an occupancy rate of […]