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OTB On The Beach Group Plc

146.40
2.00 (1.39%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
On The Beach Group Plc LSE:OTB London Ordinary Share GB00BYM1K758 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  2.00 1.39% 146.40 126,902 16:35:16
Bid Price Offer Price High Price Low Price Open Price
146.20 146.60 147.20 145.00 145.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Travel Agencies 171.1M 10.1M 0.0605 24.17 241.12M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:16 UT 28,778 146.40 GBX

On The Beach (OTB) Latest News

On The Beach (OTB) Discussions and Chat

On The Beach Forums and Chat

Date Time Title Posts
26/7/202406:12OTB - Sun, Sand and... Shares1,949

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On The Beach (OTB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:35:16146.4028,77842,130.99UT
2024-07-26 15:27:45146.208001,169.60AT
2024-07-26 15:25:22146.201826.32AT
2024-07-26 15:21:47146.223,1744,641.02O
2024-07-26 15:12:00146.605073.30AT

On The Beach (OTB) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by On The Beach Daily Update
On The Beach Group Plc is listed in the Travel Agencies sector of the London Stock Exchange with ticker OTB. The last closing price for On The Beach was 144.40p.
On The Beach currently has 166,983,082 shares in issue. The market capitalisation of On The Beach is £244,129,266.
On The Beach has a price to earnings ratio (PE ratio) of 24.17.
This morning OTB shares opened at 145.80p
Posted at 26/7/2024 05:52 by mrnumpty
Today’s Telegraph has a large investment article on page 23 , in the “ Questor “ column , about Jet2 . Although the column only rates Jet2 as a “ hold “ , this is after the share has more than doubled since being originally tipped as a “ buy “ , but Questor nonetheless sees a further increase in the share price . Although Jet2’s move in to the package holiday segment is competing with OTB , most of the positive comment about the future prospects for Jet2 apply to OTB . Furthermore , whereas Jet2 carries net debt of £ 124 million ( against a mkt cap of £ 2.9 billion ) , OTB had a large cash pile .
Posted at 22/7/2024 11:50 by adamb1978
Hi boonkoh

re Ryanair: Yes, I read their statement and it seemed far more benign to me that the market reaction and press comment about it. I dont hold them so only scanned the announcement, but it seem far from awful.

In terms of OTB, my understanding was that the commercial relationship was more to do with OTB having easier/greater access to Ryanair seats and therefore, to your point, wasnt designed to be a huge money spinner for OTB.

The valuation here remains hugely undemanding....

Adam
Posted at 22/7/2024 11:32 by boonkoh
Exactly this. Other investors panic selling OTB on the back of Ryanair's bad news today.Q1 (Apr-Jun) volumes up 10%, rev per passenger down -10%.This is great news for OTB as means more volumes. Plus they don't make much from the flight ££ anyways, all the margin comes from the hotel ££. So the key is volume, and the hotel prices, not flight prices.Ryanair outlook "second quarter demand looks strong" indicating volume growth still there.(I hold in the Boon Fund)
Posted at 11/7/2024 11:20 by boonkoh
Because a good trading update will generate media coverage and also attract more investors to look at OTB.If you haven't noticed, it's quite a thinly traded share.Share prices don't automatically go up... They need more buying demand. Good newsflow helps that.
Posted at 09/7/2024 15:52 by alotto
Boon Why do you need a trading update to boost the share price if it is so obvious that money are coming in hand over fist? Do you suspect margins could be thin?
Posted at 16/5/2024 12:08 by darrin1471
halfpenny "Ryan Air deal will be transformative"
Correct me if im wrong but the Ryan deal is not exclusive to OTB. Ryan are likely to have come out better in the deal as they appeared to pick the fight before agreeing the deal.
Long haul holidays have been historically difficult to sell profitable throughout the cycle and worst hit during a recession. UK short haul is increasingly competitive with EZJ and JET2 increasing capacity year after year.
This time may be different as long haul is becoming less adventurous as the world becomes easier to travel to and more mainstream.
The planned increase in capacity for short haul is a multi year thing as aircraft have a long lead time. IMO this can not be sustainable and profitable to expand year after year.
OTB may benefit if EZJ and JET2 struggle to sell extra capacity as the airlines are more likely to turn to agents to sell excess holidays at a cheaper price.
This scenario would hurt the sentiment of the whole sector initially but OTB could be a big winner, benefiting from excess capacity.
I think OTB shareholders should take past p/e numbers with a big pinch of salt. OTB were a disruptor online only travel agent growing rapidly justifying a high p/e. Now they are in a more competitive environment where strong brand names compete and there are low barriers to entry for low cost or specialist entrants.
Posted at 15/5/2024 17:45 by zam1
On the Beach GroupOTBShare Price 7 Day 1 Year1.43 -2.3% 33.5% First half 2024 earnings released: EPS: UK£0.003 (vs UK£0.029 loss in 1H 2023)First half 2024 results:EPS: UK£0.003 (up from UK£0.029 loss in 1H 2023).Revenue: UK£80.8m (up 10% from 1H 2023).Net income: UK£500.0k (up UK£5.30m from 1H 2023).Profit margin: 0.6% (up from net loss in 1H 2023). The move to profitability was driven by higher revenue.Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Hospitality industry in the United Kingdom.Over the last 3 years on average, earnings per share has increased by 113% per year but the company's share price has fallen by 27% per year, which means it is significantly lagging earnings.
Posted at 27/2/2024 07:02 by hamhamham1
RNS Number : 5207E
On the Beach Group PLC
27 February 2024

27 February 2024



On the Beach Group plc

("On the Beach" or the "Group")



Partnership with Ryanair



On the Beach Group plc (LSE: OTB.L) is delighted to announce that it has signed a long-term distribution agreement with Ryanair Holdings ("Ryanair").

The agreement represents a transformational shift in OTB's relationship with its most significant low cost carrier. It enables OTB customers to seamlessly access Ryanair's low fare flights as part of their holiday packages with full price transparency, whilst continuing to benefit from OTB's flexible payment plans, customer perks (including free lounge and fast track), and ATOL protection. In summary, the agreement:

- secures OTB free and fair access to Ryanair seat supply;

- facilitates a smoother customer journey when booking Ryanair flights as part of an OTB package;

- simplifies OTB operations while enabling greater focus on areas of strategic value; and

- enables the parties to move on from the outstanding litigation and focus efforts on building the partnership

Shaun Morton, CEO of On the Beach Group plc said:

"We are excited to have entered into this transformational partnership with Ryanair. This will improve the booking and travel experience for our customers selecting Ryanair flights, while ensuring we can continue to provide customers with best value package holidays. We will continue our campaign to safeguard consumer choice in the travel sector and the signing of this agreement marks a significant milestone in On the Beach's journey, as we strive to do the best for our customers. Importantly, this agreement enables both parties to move on from outstanding litigation and we look forward to working closely with our new partner."

Ryanair's Dara Brady said:

"Ryanair is pleased to announce our latest partnership with leading OTA, On the Beach. This new deal will see Ryanair partner with its fourth approved OTA partner. On the Beach customers can now book Ryanair flights, seats, and bags as part of their holiday package with the guarantee that they will have full price transparency of Ryanair products (without any overcharges), and that they will receive any information regarding their flight directly from Ryanair as well as having direct access to their booking through their myRyanair account."
Posted at 29/1/2024 16:26 by paleje
On 24 Dec the Times Lucy Tobin posted a reco for OTB, her view was positive and nothing much has changed, Shore Capital fair value was 220p. Targets are higher. Truth is they'd already reassured the market in their trading update so the actual results had nothing to add and the share price stalled then started sliding and by Friday broke 160p which I guess would have triggered some stop losses then sells beget more sells. This is a truly rotten market. From the Times article:-

.......But while investors have clearly spotted the sunnier outlook, the shares have further to go. On The Beach is still trading 50 per cent lower than the £5-£6 level seen before the pandemic, and has a valuation of nine times forward earnings, down from a five-year average of 20 times. The firm has announced the return of the dividend next year following a pandemic-imposed pause, while it is cash generative and now debt-free with cash reserves above £75 million.

Investors’ worries about a heavy marketing spend to build the brand in the luxury travel market have also been allayed: marketing costs fell from an elevated 45 per cent to 38 per cent of core UK revenues.

There are decent expansion opportunities for On The Beach, which currently has only a 5 per cent share of Britain’s premium travel sector and a 2 per cent market share in long haul. Shore Capital said that the company is “walking on sunshine”. Katie Cousins, an analyst at the broker, is cautious about the very competitive travel industry, but still reckons a £2.20 share price would provide fair value, pointing out that the company is enjoying “strengthening tailwinds into 2024”, with record forward bookings and “robust” demand.
Posted at 07/6/2023 15:33 by highlands
Try looking for a package holiday for a few different destinations via different sites, and you will realise why OTB share price is where it is.Ideally, pretend to be a customer who has never heard of OTB and enter a search via Google and other search engines that people would most likely use.
On The Beach share price data is direct from the London Stock Exchange