On The Beach Share Discussion Threads

[74tom] 12/12/2024 09:46

Nice volume this morning - ~1.35m shares bought from sellers so far in cross trades, that's just under 1% of share capital. With funding circle this period of stale bulls selling to new buyers took around 6 weeks, however volume is higher here so it may clear a lot faster.

I still find it amazing that FCH sellers parted with their shares at 40-50p and they now trade at £1.30. Shows the power of momentum, a buyback & squeezed liquidity.

[ayl30] 12/12/2024 07:08

New NED looks to have a relevant cv

[aishah] 11/12/2024 13:25

FMR LLC ups stake to 9.496%

[undervaluedassets] 11/12/2024 09:19

It is a recovery story - plain and simple.

[mrnumpty] 11/12/2024 09:14

On page 21 of today’s Daily Telegraph , the newspaper’s long-standing economics commentator Ambrose Evans-Pritchard speculates on the consequences for Russia of its invasion of Ukraine and the collapse of its ambitions in Syria . He writes that “ Rosneft’s Igor Sechin has told his old KGB friend Putin to brave for [ the oil price to fall to ] $ 45-50 next year “ . At the end of his fairly long article , Evan’s-Pritchard writes that “ if the Saudis again decide to flood the world with cheap crude [ oil ] to recoup market share - as many predict - oil will fall below $ 40 … “ . If this occurs , provided that global geo-politics don’t become even more unstable , then the prospect of oil dropping from its current price just above $ 70 can only encourage air travel and therefore , evidently , aid companies like OTB . On the other hand , such cheap crude prices would surely act as a headwind against the Electric Vehicle movement , but that’s a discussion for elsewhere .

[dr biotech] 11/12/2024 08:42

Cheaper, have more flexibility on flights as they can use different airlines. Often have special lounge deals. Gives you more independence as a traveller as you generally get a taxi from the airport to your hotel. We had a week in Malta last year with OTB, think it was about 15% cheaper than jet2.

Fwiw I’ve been with Jet2 as well as Tui. Jet2 were better (of the two), but we used them when the kids were older. Tui were ok. I don’t remember seeing an OTB rep, or even knew if there was one. I don’t need them, useful for kids clubs though if you do.

I feel that City breaks would be ideal for OTB, most that go away for long weekends don’t want to faff around waiting for pickups when time is limited. So I feel expansion prospects here are better.

[castleford tiger] 11/12/2024 08:23

I agree with both posts except if you strip out net cash Jet 2 is on a p/e of under 5.

Maturity i get with jet 2.

I just fail to see what OTB are offering ?
They are piggy backing on others including big airlines.

Are they just cheaper?

I mean why would you book with them against TUI or Jet2?

Sell me what is their USP?
Tiger

[74tom] 10/12/2024 09:44

CT, you are comparing apples and oranges there. Jet2 are an airline that is subject to far more risk factors & costs than OTB.

Besides their forecast EPS growth over the next 3 years is just 7%, 4% and 9%. OTB is 25%, 19%, 26%. So on a PEG basis Jet2 is substantially more expensive. I'm also not convinced those OTB figures have been updated to include the new medium term guidance. OTB are a high growth company, Jet2 are a much more mature proposition.

I expect we'll see a little consolidation here which will allow them to commence the buyback, then the re-rate should continue as shares become more scarce.

[undervaluedassets] 10/12/2024 09:22

Pe is wrong on ADVFN..to get a true PE you need to discount the cash.

That said not knocking Jet2. I hold those as well.

I notice founder Simon cooper has been a big buyer in recent years. his last purchase was in august 2023 when he bought 2.82 million shares at a price of 84p. He has not sold a solitary share since

[castleford tiger] 10/12/2024 09:11

forecast pbt 38m.
market cap 390m

compare that to jet 2 who trade at a fraction of this price.

sell this to me as what can this offer?

tiger

[undervaluedassets] 10/12/2024 08:17

The re-rating/mis-valuation with OTB is very rare with equities

The company had been doing well for ages but everyone missed it.

For example, this year's half-year results were misinterpreted as bad results when they were, in fact, brilliant.

Everyone ignored the seasonal nature of the business.

[gswredland] 09/12/2024 18:15

Thanks noidea

[noidea] 09/12/2024 16:38

One Bag In A Year

[gswredland] 09/12/2024 16:36

Reading CR's substack he mentions OBIAY. Excuse my ignorance guys but what is that please?

[gswredland] 09/12/2024 09:18

Thanks for the links Dave

[74tom] 09/12/2024 09:03

Fidelity adding and now holding over 9%, that certainly isn't going to hurt the re-rate :)

[undervaluedassets] 07/12/2024 06:56

wrong fit for Ryanair, thankfully.

Also, you do not want your best companies taken over. They get the value and you get a few pieces of silver.

Long long way to go on these.

The last time they had results anywhere near as good as these the share price was north of £6

[jm65] 06/12/2024 15:53

I'm just glad this got some recognition before someone like Ryanair came calling.

[johndoe23] 06/12/2024 13:16

One to raise stop as it goes higher

[its the oxman] 06/12/2024 09:28

Think 300p very possible given prospects and undemanding rating so plenty to go for still. Happy to hold on here.

[highlands] 05/12/2024 15:40

Let's get to £3 first and not get ahead of ourselves eh

[mrnumpty] 05/12/2024 14:39

Languerin and others who’ve replied . Many thanks . Yes indeed , Languerin , I long ago concluded that the LSE figures for shares traded in perhaps all shares are not to be relied on . Many posters on various share chat sites have commented that their sales have been allocated as buys and vice versa by LSE . Maybe understandable , given the huge amount of shares traded each day via just the London markets , but nonetheless I agree with you that the LSE figures are at best no more than a starting point . Anyway , great to be an OTB shareholder at the moment . o

[ianguerin] 05/12/2024 13:20

mrnumpty - I have a contract note timed at 08.19 for selling 1,614 shares, so take all the LSE data with a pinch o salt. I didn't sell out completely, so don't everybody fret that I missed the boat