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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| On The Beach Group Plc | OTB | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -5.80 | -3.72% | 150.00 | 16:28:31 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 157.80 | 150.00 | 157.80 | 150.00 | 155.80 |
| Industry Sector |
|---|
| TRAVEL & LEISURE |
| Top Posts |
|---|
Posted at 27/2/2024 21:00 by milliecusto Struggling to see why this news would lift share price to over 200p, no real conclusion on impact to revenue and how this translates to the bottom line, as we see markets cooling, noted especially in America, see a retrace to round about 130's as investors start realise may have got spiked today |
Posted at 26/2/2024 16:45 by alotto OTB is benefitting from a lot of headwind. I guess investors are on the sidelines until there is visibility on revenue consistency, perhaps growth. |
Posted at 14/2/2024 08:34 by adamb1978 Hi ElsaThanks for the post and all the best for wherever you deploy your capital afterwards. I try to apply a large degree of strategic ignorance partly because having spent a large chunk of my career in two FTSE 100 companies, I've seen how badly wrong analysts and investors can get the real drivers for business performance and magnitude of various threats (and similarly also upsides). Part of this due to poor research, and partly actually that companies are organic beasts and adapt to circumstances. As a result, I tend to focus on the numbers and things I can see rather than trying to be an industry expert in the range of things which I invest in, which would be impossible. On the margin threat, so I agree that gross margins seem to have come down based on the recent trading statement, but if you look at their guidance for PBT that has increased at a similar rate or faster than transaction volume. So if gross margins have come down, it follows that they've protected that via opex control (ie increasing opex less than turnover growth). I think its something which they could have worded better in the TS. See you around Adam |
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 26/1/2024 09:05 by kemche "I'm a new investor here."I couldn't tell. |
Posted at 26/1/2024 09:03 by johnrxx99 IMO they need to sharpen their act. Looking at the holiday website (not the OTB site), their locations lack details. It may be just me but I've sourced holidays from internet sites for over 25 years and they always show pictures of the hotels, rooms, locations etc. None of that is on thier site.So it looks like they are relying on agents and dudes walking through doors and talking to people: doh. If I'm wrong, please tell. I'm a new investor here. |
Posted at 15/1/2024 07:43 by alotto The last trading update was not that long ago, I don't expect something significantly new this time around. Maybe only reassurance for investors. |
Posted at 24/12/2023 07:54 by bigbigdave On The Beach is the place to beBrits are still showing their appetite for a break, but shares in the holiday company have further to go If you are reading this on a Christmas break somewhere warm, you will understand the appeal of On The Beach, the Manchester-based online package-holiday business. Investors back here in the British drizzle should consider it, too. Shares in On The Beach are up 14 per cent this year, trading at just over 170p, as the travel business has shown that demand for a bargain break remains high among post-pandemic Brits, even amid the cost of living crisis. Results for the year to September 30 showed record revenues, up almost a fifth at £170 million, as pre-tax profit almost doubled to £24 million. A pricey marketing push into the premium long-haul market — to the likes of Dubai and the Maldives — appears to be paying off, as does the offer of free access to airport lounges and fast-track security lanes on four and five-star holidays. But the total transaction value (TTV) of On The Beach’s sales was up across the board. There was a 32 per cent lift for its stalwart three-star breaks to destinations such as the Canary Islands and Corfu, and a 74 per cent increase in demand for long-haul. Momentum is continuing: On The Beach’s chief executive, Shaun Morton, has said that winter bookings are up 34 per cent on last year. 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 09/8/2023 11:01 by aishah SCSW (scsw.co.uk) published an update on OTB in their June issue:"During the month I met again with OntheBeach’s (OTB; 102p) chief executive and founder, Simon Cooper and Shaun Morton, presently finance director, who will soon move into the top job. They are clearly excited by OTB’s short term prospects. It’s quite astonishing to witness the shares languishing at their lows following the release of the latest H1 results as the market has become apprehensive about investments the company is currently making in marketing, travel perks and overhead expenses. Cooper had flagged this to investors last year when he had said there was an unprecedented opportunity to go after market share in premium mainstream, long-haul and B2B where there were gaps left by Thomas Cook and the others. But the prevailing market gloom, where most small caps have taken a dive and investors have experienced losses, has led many to not look beyond headlines. This is where patience is needed. Within 12 months, Cooper says OTB will be reporting sales that are 50-60% bigger than they were pre-Covid with the group almost returning to its all time record profits. Brokers forecast that for the year that starts on 1 October, pretax profit is set to climb to £31.4m (eps 15.4p), from the £22m (10.7p) expected this year. That puts the shares on a prospective PE of 6.6. If the company does what is expected and stays near the current share price, a trade buyer will step in pretty quickly; I think investors should grab this share with both hands." Editor finishes off with: "H2 will see less spent on advertising and so whereas H1 advertising spend was 53% of sales, by the year end it goes to the more usual 35-45% range. In addition, H2 comparatives also get easier. H1 was against tough comps as holiday travel had opened up in the last two months of H1 last year but the airline and airport disruption in H2 last year will now make this year’s H2 look optically much stronger. A sitting duck to a predator on a PE of 6.6. Buy" Travel sector seems to be recovering well from the pandemic. Major shareholders have around 40%. I've added here. As usual dyor |
Posted at 26/12/2021 13:55 by john09 Questor today——— Questor: tell me, Santa – will the long awaited stock market crash finally come in 2022? Questor share tips: a collapse could prove to be the most wonderful time of the year for patient investors Last Christmas, many investors were still nursing losses from the March 2020 stock market crash. This year, to save them from tears, the FTSE 100 and FTSE 250 have cemented their prior year recoveries. They have risen by 11pc and 12pc, respectively, between the start of 2021 and this Christmas. However, the potential for further gains could be compromised by several risks that increase the likelihood of a stock market downturn in 2022. Notably, the rate of consumer prices index (CPI) inflation has surged to its highest level for over a decade. The Bank of England has revised its forecast upwards in recent weeks so that it now expects CPI inflation to soar to around 6pc by April. Rising inflation has already prompted a higher interest rate. Further monetary policy tightening could reduce the appeal of shares relative to other assets. This may act as a drag on the stock market’s performance in the first half of next year. In addition, the pandemic remains a threat to the economy’s outlook. At present, it is too soon to know whether the new Covid variant, omicron, will cause lockdown measures that disrupt the performance of a variety of industries. Arguably even more uncertain is the way in which investors react to any reintroduction of Covid containment measures. Indeed, the rich valuations of some stocks suggest they lack an appropriate margin of safety in case future trading conditions are tougher than expected. Of course, some investors may believe that the stock market will bring joy to the world in 2022 by continuing its recent gains. Further fiscal stimulus in response to the pandemic may catalyse the economy’s performance. Similarly, monetary policy may prove to be less hawkish than would normally be expected during a period of higher inflation due to ongoing uncertain economic conditions. Moreover, a range of stocks continue to trade on very modest valuations. Industries that have been hit hardest by the pandemic, or which have not been obvious beneficiaries of a shift towards online and sustainability growth trends, could deliver recoveries in the coming months. As a result, it is impossible to predict with any degree of certainty whether the stock market will crash, soar or tread water next year, or in any year. Instead, focusing on buying shares when opportunities arise, rather than trying to guess whether the current bull market will stay another day, could be a more efficient use of investors’ time. In Questor’s view, such buying opportunities are far more likely to occur during a market crash. A larger number of high-quality companies could be undervalued while stock prices are falling rapidly. More importantly, company share prices can materially diverge from their underlying value during extreme market conditions. This may equate to an array of excellent buying opportunities that allow investors to fulfil the first part of a “buy low, sell high” long-term strategy. Clearly, a falling stock market in 2022 could create significant paper losses that cause distress for investors when they are next driving home for Christmas. However, a large proportion of investors are likely to be net buyers of shares over the coming year. Even retirees for whom a portfolio of stocks provides a regular income may find they buy a larger amount of shares than they sell due to a lack of opportunities in other asset classes and their partial reinvestment of dividend income. Therefore, a stock market crash next year could be highly beneficial to a large proportion of long-term investors. Clearly, many investors will instinctively think: “All I want for Christmas is a continuation of the current bull market.” However, for net buyers at least, there may be just one thing they need. A stock market crash could provide stronger, and more plentiful, buying opportunities that ultimately let it snow profits in the long run. |
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