![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Stock Type |
---|---|---|---|
On The Beach Group Plc | OTB | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
---|---|---|---|---|
145.80 | 145.00 | 147.20 | 146.40 | 144.40 |
Industry Sector |
---|
TRAVEL & LEISURE |
Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
---|---|---|---|---|---|---|
14/05/2024 | Interim | GBP | 0.009 | 30/05/2024 | 31/05/2024 | 28/06/2024 |
27/11/2019 | Final | GBP | 0.02 | 09/01/2020 | 10/01/2020 | 13/02/2020 |
Top Posts |
---|
Posted at 26/7/2024 06:12 by mrnumpty Correction . Obviously it should have been “ OTB HAS a large cash pile “ . The Questor foresees an improvement in the broader economy as increasing demand for Jet2 , which evidently also applies to OTB . |
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 boonkohre 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 19/5/2024 10:59 by alotto I bought shares after the CEO purchase. I bought at 105p and sold at 160p, after the peak around 180p.I thought 105 was a great value and I was hoping to see OTB trading around 300p as a fair value. I'm not so convinced OTB will deliver at least £40-50 mln PBT in the FY to justify such a rerating. So yes you're right, I'm not so upbeat as I used to be. I will wait for the next TU then I may change my views. In the last trading update they said otb will deliver profits 'in line with current consensus expectations'.. and that is..?? I cant find the figure anywhere, nor who are the people/institutions forming the consensus. |
Posted at 18/5/2024 11:51 by alotto Thanks Adam. So the cash on the balance sheet is working capital and OTB can't release it as a dividend, unless they want to get into debt. The latter should be considered as an option imo. Interest on debt (4/5/6%?) is smaller than the reurn an investor can make if the capital is released as a dividend. If the management considers the company itself more profitable than the interest paid on debt they should consider to implement a buyback program (50-100 mln). That will help in future paying a dividend to shareholders as the dividend would be distributed among a smaller number of shares in issue.Many companies (e.g., utilities) have a huge debt, they can service it and pay a good dividend. But their income is very reliable. Maybe OTB cannot rely on a consistent income in order to operate a similar financial model without a great risk to go broke (e.g., the next pandemic(s), like Bill Gates and other experts expect more frequent waves of global pandemics in the near future, of course I hope they are worng from a human and economic standpoint). |
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 14/5/2024 14:27 by paleje IC's view a couple of hours ago:-On the Beach expects record summer A distribution agreement with Ryanair is a big deal for the business May 14, 2024 by Christopher Akers Dividend reinstated Attractive valuation On the Beach (OTB) lost over a tenth of its value after it published interim figures, as investors took fright at muted budget holiday growth of 1 per cent. Given that the shares jumped earlier in the week, however, the effect is largely neutral. Plus, growth is generally strong: the online beach holiday retailer achieved a record total transaction value (TTV) last year, and forecasts "another record summer" ahead as demand for its premium and long-haul travel options strengthen markedly. The performance supported the reinstatement of the dividend. This was expected but still backs up the thesis that things are moving in the right direction for the company. OTB:LSE On The Beach Group PLC 1mth Today change -12.77%Price (GBP) 146.19 Group-wide TTV rose by 22 per cent to £598mn in the six months to 31 March, helped by a 15 per cent rise in customer bookings and higher prices. Summer forward order TTV is up by more than a fifth against last year. It seems that post-pandemic demand has normalised at higher levels. TTV was up 41 per cent in the higher-margin, premium holiday division, helping it take 34 per cent of the business-to-consumer sales mix. Long-haul TTV soared by 61 per cent. On the other hand, cost of living pressures suppressed value holidays growth. A distribution agreement with Ryanair (IE:RYA), signed in February, removes a drag factor on the valuation and ends a longstanding legal dispute between the two companies. On the Beach customers now have "free and fair access to Ryanair's seat supply", meaning they can benefit from additional flight capacity. Elsewhere, the company announced a rejig of its smaller business-to-business (B2B) operations amid stiff competition. It will move to a single brand and platform under the Classic Collection moniker. The shares trade at 11 times forward consensus earnings, a material discount to the five-year average of 20 times. We remain of the view that a rerating is in order. Buy. |
Posted at 28/2/2024 19:36 by darrin1471 When I looked at OTB last year, most of the last minute holidays were using Ryanair. I have just looked at 20 OTB holidays from various airports and none of them were using Ryanair.I had read that Ryanair were calling online travel agents "pirates" but had not paid much attention until yesterday's announcement. A quick search and I found "Ryanair has claimed that On The Beach is 'the number one pirate" All well and good. Ryanair and OTB have made up and struck a deal. But who will be the winner in this deal? Who needs who the most? Ryanair are notoriously tough negotiators. No doubt in my mind that Ryanair have got a good deal. What is the cost to OTB. A worse deal than when they were "pirates"? No winter flights with Ryanair. If others like lastminuite.com can't do a deal then OTB may end up with an advantage. |
Posted at 27/2/2024 07:02 by hamhamham1 RNS Number : 5207EOn 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." |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions