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Whitbread is sticking with the plan (and I'm sticking with the shares)

By Chris Bailey | Tuesday 27 October 2020

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

In the wider scheme of things, no huge surprises in today’s first half numbers from Premier Inn owner Whitbread (WTB). You will recall my history with this one – I took big profits thanks to the largesse of Coca-Cola in buying Costa at a material premium (how’s that one working out I wonder?), but then backed the rights issue and even  last time  observed I would increase my stake even further at twenty quid a share. I did not get that opportunity but market moves and shifts might still give me that opportunity as pandemic angst continues. Today’s update builds on the bare bones of the trading update I wrote up a month or so ago at the link above…

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