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OTB On The Beach Group Plc

149.20
2.00 (1.36%)
26 Apr 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 1.36% 149.20 474,662 16:29:29
Bid Price Offer Price High Price Low Price Open Price
148.80 149.60 150.40 147.80 148.20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Travel Agencies 170.2M 10.1M 0.0606 24.62 248.63M
Last Trade Time Trade Type Trade Size Trade Price Currency
18:00:55 O 5 149.60 GBX

On The Beach (OTB) Latest News

On The Beach (OTB) Discussions and Chat

On The Beach Forums and Chat

Date Time Title Posts
18/4/202407:53OTB - Sun, Sand and... Shares1,725

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On The Beach (OTB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:42:44149.6057.48O
17:01:54149.201217.90O
16:53:58149.1522,98734,285.11O
16:53:31148.82811.91O
16:41:31149.70400598.79O

On The Beach (OTB) Top Chat Posts

Top Posts
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 09:31 by undervaluedassets
Huge news today.

Look at the share price performance of RYA.

OTB has today gone from an adversarial relationship with Ryanair to a co-operative with a stroke of the pen.

Huge news for OTB
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 14/2/2024 08:25 by elsa7878
Reasons for caution.

1) Competition in the OTA space is fierce and while OTBs growth rates have been impressive, others eg Love Holidays are growing much faster and have a much higher planned growth rate (95%).
2) OTA's are seeing increased access resistance from airlines eg Ryanair. OTA's model is very sensitive to seat availability.
3) EasyJet holidays now making over £100m PAT profit and with it's much deeper pockets can easily outspend OTB. It also planning huge capacity increases of circa 35%.
4) OTB sacrificing margin for bookings. Is that sustainable (see 3 above). Consensus estimates for OTB came down throughout substantially in 2023 while they were going up for easyJet, Jet2 etc.
5) Airlines and tour operators that control inventory benefit from higher fare prices through higher operational gearing. OTA's package fares at cost so higher fares would normally mean lower bookings.
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.
Posted at 15/5/2023 07:56 by mrnumpty
Perhaps the reason for the recent fall in the share price of OTB is that a share tip sheet recently , when the price was about at its peak , told subscribers to take profits in what it stated is an uncertain market . Given that OTB shares are fairly tightly held , I suggest that the sales by subscribers to the tip sheet then set off stop losses , causing further sales . Although the tip sheet did not specifically name OTB , it was obvious that it was referring to OTB . Another of the tips which had previously done very well ( Yu Group ) suffered a similar drop in its share price .
Posted at 14/5/2023 12:09 by darrin1471
OTB share price peaked in May 2018 and had fallen around 40% by the time TC went bust in Sept 2019 which then boosted many travel stocks. OTB was 30% off its peak when covid arrived.
Why was OTB share price so high in 2018. IMO because it was a growth stock taking market share from established travel agents and companies like TC.
OTB is now a more mature business and I would argue that their market share is a target of other businesses hence their move upmarket and to intercontinental destinations. Airlines like Easyjet and Jet2 are increasing the percentage of flights that are part of a holiday package. It is easier to set up specialist holiday companies focusing on interest holidays like walking. Booking your own holiday direct has never been easier. The OTB business model has low barriers to entry.
Where is the growth coming from? Is the market getting bigger, or are they taking market share and from whom?
My argument would therefor be that OTB is a mature stock now rather than a growth stock and the valuation should be compared to other mature travel companies.
For comparison Jet2 has a mkt cap of £2.6b with £1.12b of their "own cash". For the year just ended in March the forecast is for revenue of £5b and profits of £400m
Posted at 14/5/2023 02:48 by trader465
Pre-Covid (2019) the OTB share price was around 450p with 131m shares in issue giving a market cap of £589m, during Covid OTB share count has risen from 131m to 167m shares in issue, so a recovery to the pre-Covid market cap of £589m with the new count of 167m shares in issue would give us a target share price of 350p or target upside of 184% after the dilution.
Posted at 24/1/2023 08:43 by suffolkjim
OTB share price seems to be weirdly mirroring TUI almost like they’re in a race.
I’d rather be in OTB
On The Beach share price data is direct from the London Stock Exchange

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