Hostelworld Dividends - HSW

Hostelworld Dividends - HSW

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Hostelworld Group Plc HSW London Ordinary Share GB00BYYN4225 ORD EUR0.01
  Price Change Price Change % Stock Price Low Price High Price Open Price Close Price Last Trade
1.90 3.01% 65.00 64.00 65.90 65.00 63.10 16:35:21
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Industry Sector

Hostelworld HSW Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

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.
investorschampion: The current valuation looks modest for a business which should realistically be able to generate at least €9m of free cash flow per annum once normality resumes, with the acceleration potentially rapid. If the share price remains at such a distressed level, it will surely be snapped up by a rival. Read more in our rolling update of announcements here: hxxps://
thomshrike: Thanks john09. And I agree: after a brief spike down, the stock is back to the share price before the announcement. It was already priced in. I expect a similar reaction for HSW on Tuesday (but on this case we will also get an update on the strategic plan, which could be a positive trigger).
thomshrike: edreamsodigeo, a HSW peer, posted Q numbers today. Their geographical split is very similar to HSW's. They provide an interesting table showing the yoy bookings drop on the period Feb22-Feb25: -12%. If Hostelworld shows a similar pattern, and if the epidemic wears out at some point later in the year, and taking into account my previous calculations of the ST impact in earnings, I would expect HSW's share price to recover very significantly by then.
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
thomshrike: Hostelworld is the poster child of this market dichotomy between momentum and value. Even if you (reasonably) assume a very material impact of the coronavirus situation on the company's bookings over some quarters, the impact on the market cap should be much lower than what the recent share price drop already priced in. As per my previous post, for any incremental -5% one-off global reduction of bookings on a given year, market cap should be impacted by c. 3.1m. Since the beginning of the coronavirus situation, the market cap already declined by 35m. This would imply -50% bookings this year or -25% bookings over 2 years. That does not sound reasonable to me.
bookbroker: Think the share price reflecting that currently, more important for this company is its Roadmap for Growth strategy, sure China plays a part, but let’s not forget that the world does not revolve around China for travellers, there’s the Americas, Southern Hemisphere, South East Asia, etc. Excluded Africa, as having flown there with nowhere to stay, it is the place you follow your nose, not really backpacking territory in the normal sense!
thomshrike: Market is assuming that the impact to the travel business will be significant but temporary, similar to other epidemics in the past. If that is the case, the impact on the valuation of travel companies would generally be small (see my comment on sensitivity analysis for HSW above). The overnight performance of the EXPE share price shows that people will not necessarily stay put until the situation is fully clarified, instead they will take action much earlier than that.
thomshrike: Some sensitivity analysis. Let's assume that: - the virus results in a 5% decline on HSW global bookings during FY 2020 (I think we can all agree this sounds very extreme), with no impact on 2021 and onwards, as the pandemic ends. - the bookings decline flows directly to the bottom line, with no cost offsets except for lower taxes. Then the value loss for HSW would be c. 3m GBP. That amounts, even at today's reduced share price to c. 2.5% of the market cap of the company. Whereas since the beginning of the virus story the stock has already declined more than 10%.
john09: Not only is this a single digit PE and a double digit dividend yield, I also hadn’t realised it had over £20m quid in the bank plus the share price has been nearly four and a half quid recently Nuts 🥜 🥜 I acted swiftly Monday and today and I’m loaded up 😋👍
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