By Chris Bailey | Thursday 14 February 2019
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.
Like the investment sad-o that I am, I spent a good while yesterday afternoon pacing through the one hundred plus slides that formed the Whitbread (WTB) capital markets day presentation. Recall - as I have written up at length before - that the company is now all about the Premier Inn asset after Coca-Cola's largesse in buying Costa Coffee for a pretty sum. Right at the back of the presentation document Whitbread noted that it would return over £2.5 billion of the £3.9 billion proceeds back to investors – which is not a bad slice of the cake. Meanwhile industrial and pension debts/deficits get lowered further...and the company can also easily finance its expansion plan…
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