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HSW Hostelworld Group Plc

150.00
-3.50 (-2.28%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hostelworld Group Plc LSE:HSW London Ordinary Share GB00BYYN4225 ORD EUR0.01
  Price Change % Change Share Price Shares Traded Last Trade
  -3.50 -2.28% 150.00 299,773 16:20:26
Bid Price Offer Price High Price Low Price Open Price
150.00 151.00 153.00 149.50 153.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Hotels And Motels EUR 69.69M EUR -17.26M EUR -0.1398 -10.73 185.25M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:49:47 O 6,390 150.311 GBX

Hostelworld (HSW) Latest News

Hostelworld (HSW) Discussions and Chat

Hostelworld Forums and Chat

Date Time Title Posts
10/1/202409:40Hostelworld online booking869
11/2/202215:05SP drop5

Add a New Thread

Hostelworld (HSW) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-19 16:49:56150.316,3909,604.87O
2024-04-19 16:48:07149.99152227.98O
2024-04-19 15:46:33150.0035,80353,704.50O
2024-04-19 15:35:23150.006,6609,990.00AT
2024-04-19 15:35:23150.0017,85926,788.50UT

Hostelworld (HSW) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Hostelworld Daily Update
Hostelworld Group Plc is listed in the Hotels And Motels sector of the London Stock Exchange with ticker HSW. The last closing price for Hostelworld was 153.50p.
Hostelworld currently has 123,500,000 shares in issue. The market capitalisation of Hostelworld is £185,250,000.
Hostelworld has a price to earnings ratio (PE ratio) of -10.73.
This morning HSW shares opened at 153p
Posted at 05/9/2022 13:32 by melloteam
Just to let shareholders and prospective investors know that Hostelworld Group PLC and Duke Royalty PLC will be presenting on the MelloMonday webinar at 5pm on Monday 12th September.

The event will also feature an interview with Rosemary Banyard, Fund Manager at Downing LLP and our popular Mello BASH (Buy, Avoid, Sell, Hold) with a panel of analysts and professional investors.

There will be over 500 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions.

Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.
Posted at 09/2/2022 15:55 by sphere25
Caught a nice move here on the back of some heavy buying recently. It's on some odd thread though HSW.L I think it is.

Someone is in the market trying to buy in size quietly here, working the book at 81p and 82p on the book with a 2111k order.

Whether that is sufficient to clear sellers and cause another pop higher remains to be seen, but we will find out soon. Clearly the sector has been motoring and there are all kinds of bullish noises with TUI reporting bookings up on pre covid and MNZS receiving a lovely approach too.

Perhaps HSW will eventually break out for another trade.

But something of note.

Elsewhere:

PHC is attracting heavy interest, don't know alot about that one though. High risker for sure looking at news, even more important to use stops. How many has Griffiths got to lob though?

HSS 9m mopped up yesterday at 17p. Should be Tosca that leaving them somewhere around 15m-16m. Watch for the last amounts to get placed.

ADF motored beautifully, consolidation time perhaps before another leg higher?

MER - breaking higher, that got tipped like ADF. Happy days!

JOUL - Continued heavy daily buying, someone is being opportunistic trying to clear the likes of Blackrock out. Very risky one but a trade for the nimble folk, trying to ride it to 70p - find out tomorrow.

WRKS - decent interest today, looks like it could be popping gradually higher if sellers at this 69-70p mark can be cleared

Some nice moves about offsetting the duffers.

All imo
DYOR
Posted at 03/11/2021 09:30 by baggies12
I'm tempted to top up and average down at this price.

Are we not due a trading update soon ?
Posted at 12/8/2021 13:07 by squeamish1
My six monthly look at HSW as I see they announced results.

News to me that they raised cEUR30m debt at 9% margin - I thought the whole point of the model was they could run their platform with a limited cash burn. They're basically a website with a bookings database in the background - I don't understand how there's so much fixed cost. A shame.
Posted at 26/5/2021 14:01 by ranji
I think European may pounce on hostel world at 1’50 a share
Posted at 29/4/2021 17:49 by baggies12
Should have said 2022 not 2023, even so next couple of years should be very good for HSW and you'd think recovery imminent.
Posted at 28/9/2020 16:10 by masurenguy
Thanks 1blueletter - some interesting points from the link in #768 above.

Post Lockdown the Millennials and the Zoomers are going to get out and explore – Hostelworld (HSW.L) has 200% upside on a 2 year view.

Post lockdown there will be major demand for the young budget conscious traveller to explore, socialize and interact. By the new year, global youth will have been starved of ‘experiences’ for close to 12 months with significant disruption to their lives and often trapped at home. Pent up demand for a budget hostel and backpacking is significant once lockdowns dissipate. This month, September 2020, Hostelworld released an interesting survey based on a survey of over 3,000 backpackers. The main points a) 52% are ready to travel within 6 months b) 55% expect international travel to be available in 2021 c) 56% of Americans were planning to travel domestically. Given restrictions domestic and short haul has represented 2/3rd of its booking for Americans, British, German and French nationals. However, they need flexibility given the uncertainty and Hostelworld has accommodated with non-refundable but flexible rate.

The company benefited from a capital raise in H1 of 15mn euro and has very little long term debt at 3.5mn euro (but, like a lot of businesses payables have grown to 17mn euro with employer contributions being a big driver). However, these obligations are more than covered versus 33mn euro cash on balance sheet at the end of June. This means the cash on balance sheet remains close to 50% of its market cap. The cash burn in H1 was controlled (thanks to a reversal in working capital and pushing out payables). This will mean the equity value is supported with a high net cash position.

What is Hostelworld worth?

Lets look at revenue multiples as earnings have been decimated. Historically the company has traded around 2 to 3x Revenue (EV/trailing revenue).
When the revenue growth rate was higher in 2015 to 2018 the market afforded it a multiple of 4x EV/Revenue.

Analysts expect that by 2022 it will have recovered its 2019 revenue of 80mn euro. We believe the pent up demand to go backpacking will be significant.
Let us be conservative and put Hostelworld at 2x trailing revenue for 2022, this would imply an enterprise value 160mn (2x revenue). If we add back net cash of 30mn this points to an implied share price of 1.7 euro versus 0.59 euro currently (note the liquidity is on the UK line, 55 pence).

Conclusion

Hostelworld is an industry leader, with cash on the balance sheet to deal with an extended lock down. We believe the shares offer 200% upside on a 2 year view. The youth will go travelling again and a travel lockdown will not continue indefinitely. Now is the time to start accumulating.
Posted at 12/8/2020 07:29 by masurenguy
Interim Results 2020

H1 2020 in line with expectations; modest increase in bookings in recent weeks in line with the easing of travel restrictions.

Accelerated delivery of Roadmap for Growth initiatives

12 August 2020: Hostelworld, a leading global OTA focused on the hostel market, is pleased to announce its interim results for the period ended 30 June 2020

Financial highlights:

-- Net revenue of EUR12.0m in H1 2020, a decline of 69% (H1 2019: EUR38.8m), driven by COVID-19 led travel restrictions from late Q1

-- Total Group net bookings decline of 67% (H1 2019: -10%)

-- Net booking volume decline from 3.5m to 1.1m, with cancellations EUR5.4m (H1 2019: EUR4.8m)

-- Net Average Booking Value EUR9.45 (H1 2019: EUR12.40), reflecting increased cancellations which had longer lead times and higher ABVs

-- Marketing costs in Q2 reduced to match revenue volumes. Total H1 2020 marketing costs of EUR7.5m were 76% of net revenue (excluding deferred revenue), an EUR8.8m reduction compared to H1 2019 (H1 2019: EUR16.2m, 37%)

-- Q2 operating costs, excluding marketing overheads, reduced by 20% to EUR5.5m, down from EUR6.9m in Q1 2020 (14% reduction compared to EUR6.6m in Q2 2019)

-- Adjusted EBITDA loss of EUR8.3m (H1 2019: EUR8.9m profit), in line with guidance

-- Basic loss per share of 18.90 EUR cent (H1 2019 basic earnings per share: 6.82 EUR cent)

Balance sheet and cash flow:

-- Raised gross proceeds of EUR15.2 million ([1]) through a non-pre-emptive placing of and direct subscription for new ordinary shares in June 2020

-- Committed EUR7m three-year revolving credit facility secured, undrawn as at 30 June 2020([2])

-- Closing cash position EUR32.9m (H1 2019 EUR25.4m) includes cash on hand of EUR29.4m and a EUR3.5m short-term financing facility

-- Customer deposits related to bookings made under the free cancellation policy amounted to EUR3.3m (H1 2019: EUR7.3m), of which EUR2.7m relate to bookings already cancelled

-- Adjusted free cash absorption (33%), (H1 2019 adjusted free cash flow 108%)

-- Cash dividends for 2020 remain suspended due to COVID-19 uncertainty. In lieu of a cash dividend the Board is proposing to issue new ordinary shares, by way of bonus issue, to shareholders based on a value of 1.0 EUR cent per share and subject to shareholder approval

-- It is the intention that the number of shares that a shareholder will need to hold to qualify for each new bonus issue share will be calculated by dividing the prevailing average share price (in EUR cent) prior to the publication of the shareholder circular by 1.0 EUR cent. The record date for the bonus issue will be set out in the shareholder circular

Gary Morrison, Chief Executive Officer, commented:"The COVID-19 pandemic has resulted in significant trading disruption for our business and the global travel industry. From the outset our focus has been the wellbeing of our employees, to support our hostel partners and customers and to strengthen the Group's balance sheet. We entered the year in a strong position, having delivered a return to net bookings growth during Q4 2019, however, COVID-19 drove a sharp reduction in our trading performance. We reacted swiftly and purposefully to protect the business and to enable us to navigate through this crisis. Our initial efforts were focussed on cash preservation and in June we took action to strengthen our balance sheet, via a debt facility and an equity raise. Together these actions provide the Group with the financial strength to operate through this crisis and beyond.

Over the last few months we have taken the opportunity to accelerate our Roadmap for Growth program to strengthen our core platform, completing items planned for H2 2020 and 2021 ahead of schedule. Consistent with our growth strategy, which builds on our Roadmap for Growth, we also intend to broaden the catalogue of experiences and social features we offer our customers, beyond hostel accommodation. Given the current trading backdrop, we remain focused on organic initiatives in the near term, until a resumption of normal trading.

While the short-term outlook for the travel industry remains extremely challenging, I remain confident that Hostelworld will emerge from the COVID-19 crisis stronger than before. I would like to take this opportunity to thank all of our employees for their continued hard work and commitment, and our customers and shareholders for the support they have shown through these challenging times."

Trading update and outlook:

In recent weeks we have seen an increase in demand as travel restrictions have eased, and we are tracking slightly ahead of our Base Case scenario. This recovery started with very modest growth in domestic bookings in June, and more recently has progressed to very modest growth in domestic and short-haul bookings into Europe. Overall, we expect the pace of recovery to mirror changes in travel guidance in individual markets over the coming months, both positive and negative. Elsewhere, source markets in the Americas, Asia and Oceania continue to remain very depressed.

As the recovery has progressed, we have seen a steady reduction in cancellation rates, and an increase in conversion rates as consumers certainty with respect to their travel plans has improved, compared to significantly stressed levels during Q2. This has led to higher marketing costs as a percentage of net revenue in the near term, which we expect to gradually normalise as normal travel patterns resume.

On the supply side, despite significantly depressed demand during Q2, we have seen only a modest reduction in the number of hostels on our platform compared to year end 2019 levels. We are also working with the hostelling industry to ensure we display details of the additional COVID-19 policies at each hostel in a consistent manner. Overall, we are encouraged that our travellers are continuing to book Dorms in the majority of cases - with only a slight shift to date in accommodation mix towards Private rooms versus Dorm accommodation across markets.

Overall while bookings continue to trend well below normalised patterns, and assuming a gradual improvement in the macro travel environment, we expect the recovery to improve further in Q3 and Q4 2020, albeit net bookings will remain at significantly reduced levels when compared to 2019. Whilst this recovery is likely to take some time and the consumer environment will continue to be uncertain and challenging, the Board remains confident in the resilience and flexibility of our business model, and that we are well positioned to execute on our strategy and build market share as demand recovers. In parallel, the Board will continue to evaluate internal and external opportunities that will deliver value for shareholders, in particular the significant potential to enhance future growth primarily through building out a broader catalogue of experiential travel products beyond hostel accommodation.

In light of continued market uncertainty, the Group is not in a position to provide full year guidance until such time as the overall impact of COVID-19 on the Group becomes clearer.
Posted at 25/6/2020 07:19 by masurenguy
25 June 2020
Hostelworld Group plc

Results of Placing and Subscription

Hostelworld, a leading global OTA focused on the hostel market , announces the successful pricing of its non-pre-emptive placing following yesterday's announcement. A total of 17,664,155 new ordinary shares of EUR0.01 each in the capital of the Company ("Ordinary Shares") (the "Placing Shares") have been placed by Numis Securities Limited ("Numis") and J&E Davy ("Davy", together with Numis, the "Joint Bookrunners"), at a price of 72.0p per Placing Share (the "Placing Price") and in addition 1,450,000 new Ordinary Shares ("Subscription Shares") have been conditionally subscribed for outside the Placing by an existing shareholder at the Placing Price ("Subscription"). Together, the Placing and Subscription of in aggregate 19,114,155 new Ordinary Shares raised gross proceeds of approximately £ 13.8m, subject to completion. The Placing Price represents a discount of 7.1% to the closing share price of 77.5p on 24 June 2020. The Placing Shares and Subscription Shares represent together approximately 19.99% of the existing issued ordinary share capital of the Company prior to the Placing and Subscription.

Immediately following Admission, the total number of voting rights in Hostelworld will be 114,684,933 . This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Director participation

The following directors of the Company and other persons discharging managerial responsibilities ("PDMRs") have agreed to subscribe for the following number of Placing Shares at the Placing Price:

Name Number of Placing Shareholding Shareholding
Shares to be on Admission as a % of Enlarged
subscribed Issued Share
Capital on Admission
TJ Kelly 12,543 12,543 0.011%
Eimear Moloney 31,358 71,358 0.062%
Gary Morrison 18,814 18,814 0.016%

The Company believes that Aberforth Partners LLP and Premier Miton Group Plc each currently hold or have in the last twelve months held 10% or more of the ordinary share capital of the Company. For the purposes of UK Listing Rule 11 the Company therefore believes that they are, or may be, considered as related parties of the Company. Pursuant to the Placing, Aberforth Partners LLP has agreed to subscribe for 2,600,000 Placing Shares at the Placing Price for an aggregate consideration of approximately £1,872,000. Premier Miton Group Plc has agreed to subscribe for 2,220,000 Placing Shares at the Placing Price for an aggregate consideration of £1,598,400.
Posted at 26/2/2020 08:14 by masurenguy
Peel Hunt: Hostelworld weakness a potential opportunity
Citywire: 26 February 2020

Weakness in Hostelworld (HSW) shares caused by the coronavirus could be a buying opportunity if the travel platform can convince markets its strategic actions are working, says Peel Hunt. Analyst Ivor Jones retained his ‘add’ recommendation and target price of 165p on the shares, which fell 6.4% to 111.8p yesterday. "The share price decline implies that next week’s results will refer to coronavirus undermining current trading. However, the group has a solid balance sheet and, if management can demonstrate that its strategic actions have addressed the competitive weakness of the group, then the current share price weakness will be seen as a buying opportunity." said Jones
Hostelworld share price data is direct from the London Stock Exchange

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