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OTB On The Beach Group Plc

139.40
3.00 (2.20%)
24 May 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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.00 2.20% 139.40 137.40 139.00 139.40 133.00 133.00 455,497 16:35:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Travel Agencies 171.1M 10.1M 0.0606 22.71 229.3M
On The Beach Group Plc is listed in the Travel Agencies sector of the London Stock Exchange with ticker OTB. The last closing price for On The Beach was 136.40p. Over the last year, On The Beach shares have traded in a share price range of 81.30p to 180.00p.

On The Beach currently has 166,640,480 shares in issue. The market capitalisation of On The Beach is £229.30 million. On The Beach has a price to earnings ratio (PE ratio) of 22.71.

On The Beach Share Discussion Threads

Showing 1876 to 1898 of 1900 messages
Chat Pages: 76  75  74  73  72  71  70  69  68  67  66  65  Older
DateSubjectAuthorDiscuss
25/5/2024
17:11
Hamham ... I weighed up between wix and ecel ... And went for ecel. Ecel is a much higher quality company and it's on a lower pe. Recovery potential stronger i think. (End of off topic). I hold otb too, hence watching this board..
simmsc
24/5/2024
15:45
Thanks Ham. I'll look into it more :)
alotto
24/5/2024
15:32
Which WIX debt do you mean?

Most their debt on the accounts is for location rents/leases?

"Net finance costs
Adjusted net finance costs were £21.8m (2022: £28.5m). The improvement in net finance costs relates primarily to the higher interest income received on our cash deposits, which is an offset to the IFRS16 interest charges due on store leases, which were little changed year-on-year."

### And last few paragraphs in below...

Cash / net debt

Net cash at year end was £97.5m (2022: £99.5m), broadly flat year-on-year. This cash balance is stated after the execution of £10.1m of share buybacks. Average cash across the year was £154.9m (2022: £153.6m).

Operating profit excluding impairment decreased year-on-year, resulting in cash flows from operations decreasing to £177.0m (2022: £189.1m). Cash flows related to working capital movements were £2.6m (2022: £(28.7)m), with the material cash outflow in 2022 driven by a large stock build. The increased interest received of £7.2m (2022: £1.9m) reflected higher prevailing interest rates available for cash on deposit. Cash outflows from financing activities of £150.4m (2022: £141.9m) include £111.7m (2022: £109.7m) related to lease liabilities, £27.4m dividend payments (2022: £31.2m) and £10.1m of share buybacks (2022: nil).

The inventory position of £195.5m (2022: £201.6m) reflects the planned reduction of stock during the year to more normal levels following the stock build in 2022. Stock turn remained healthy at 4.3x.

IFRS16 net debt reduced to £578.3m (2022: £591.8m), reflecting the maturity profile of our leasehold store portfolio. IFRS16 leverage was 3.3x (2022: 2.9x).

hamhamham1
24/5/2024
15:16
When does Wix debt come to maturity/refinance?
alotto
24/5/2024
14:44
And I have taken a postion in WIX (Wickes plc) today, time will tell :)
hamhamham1
24/5/2024
14:39
3% seems a good balanced target.
We not going back to 0.5% but then we not staying at 5.25%.
The low end just caused asset inflation and the high end is unworkable with the amount of state (and peeps mortgage) debt nowadays - post covid.
It still leaves a couple of percent in the tank should the BOE need it for emergencies.

And the IMF do like to poke their noses in and do like to slag off the UK, usually they have to upgrade their doomonger forecasts on the UK. It all gets a bit tedious and almost personal :)

hamhamham1
24/5/2024
14:35
Low interest rates put a lot more in consumers pockets, through lower mortgages, etc.
hamhamham1
24/5/2024
12:09
The IMF has nothing to say on a sovereign country monetary policies
alotto
24/5/2024
11:40
"UK interest rates should be cut to 3.5% by the end of next year, the International Monetary Fund (IMF) has recommended. Such a move could see the Bank of England cut its key rate by up to seven times from its current level of 5.25%."
davius
24/5/2024
11:30
Hamham how will low rates help otb, considering OTB has virtually no debt? Lowe rate will reduce interest income.
Lower rates will not even help revitalising consumer spending considering that inflation may come back rampant with low rates. There is no easy way out.
The problem with rates and inflation is set to stay with us for half a decade as a minimum.

alotto
24/5/2024
06:27
Central banks interest rate levels will have to halve at least quite rapidly IMO, governments just can't afford over the long term to pay their debts at these levels.

e.g. the US now pays more servicing their debts than their entire annual military budget. (And the US used to spend more on defence than the rest of the top 10 largest spenders put together.)

So it's not just consumers and businesses who need interest rates to drop, it's the governments as well.

hamhamham1
23/5/2024
19:53
Thanks, but I rattle on too much.
Finding the shares isn't the problem. Being disciplined sit on them, now that's the oddly tricky bit.
What's that saying, something like... Don't do something, just sit there?

hamhamham1
23/5/2024
13:58
Interesting points ham
johndoe23
23/5/2024
13:56
Anyway. Back to OTB.
Grrr. But I am happy to hold these, even if they not heading up currently, any slips will recover over time.
GLA.

hamhamham1
23/5/2024
13:20
I am kicking myself for selling CMCX sub 2 quid, when got in at 90p. But that's my doubling rule. Doh.
SPT worked OK.
I still have visions of RR, bought sub 70. Sold sub 200p as well.
Hence my rise till 2.x-3x approach now on some which can do it.
But these could all be fisherman's tales, so ignore my ramblings. And I have had a couple of plonkers.

hamhamham1
23/5/2024
09:34
2 yrs. Some move quick and some move slow. Some may get 2.5x and some 1.5x - but if can get an av of 2x I will be over the moon.
But if market heads south and have to sit on them for longer. Then that's just the way it is.There are no guarantees in life.
I will no doubt tweek along the way and react if some rise quickly and redistribute amongst the remaining or add other new companies.
And there is always a downside risk to my capital. I get that.

hamhamham1
23/5/2024
09:31
With what time frame
alotto
23/5/2024
09:28
ps, thse are my current hopefull doubles...

ABDN, BT.A, BRBY, CBG, COST, CRST, DOCS, FDM, FSJ, HFD, IGR, MARS, OTB, PSN, RCH, RNK, TPK, WOSG.

hamhamham1
23/5/2024
09:20
I find the build up to change of govs is the uncertain time (and hopefully this will be offset by pending interest rate drops). Once a clear winner is decided then markets are happy. ie uncertainty has been removed, and especially in UK a new broom with new ideas will move markets up for a honeymoon period, maybe 2 yrs. Then after that peeps want to see initial results, that's a bit harder maybe.
So I am fully signed up to the roaring 20s idea, I will hopefully ride it for a couple of years, then get off and park money in deposit account and settle for a minimal return until something breaks, it will, it always does.
I just want to make hay while the sun shines over next couple of years hopefully, target is 2x my overal portfolio value.
GLA - and good luck me ;)

If you want to grow your money, buy stocks, with bonds, debt, etc you are just hoping to get your original stake back, with a little money in your pocket along the way for your trouble.
So I think there will be a lot more coming into stocks over next year or two, anyway, what do I know? :)

hamhamham1
23/5/2024
08:58
Change of governments generally causes uncertainty, which isnt good, however I do very strongly agree with you ham about interest rates.
adamb1978
23/5/2024
08:49
With interest rates going down and the clean sweep and optimism of many new govs around the world, hopefully we in for a good couple of years.
GLA

hamhamham1
23/5/2024
08:46
Once Labour get in, I think the UK banks are going to get a hefty windfall tax. Lloyds alone made £7.5bn profit before tax last year.
The gov will want the banks, now they making loads, to take a little pain in return for the support they got back in 2009.
I think £5-10bn will be tapped from the banks to pay for some of Starmers new policies.

And don't rule out the supermarkets getting the same treatment ;)

hamhamham1
23/5/2024
07:34
Yeah, I think u maybe right Adam.
Instead of 20th June, BOE now could be 1st Aug (only 6 weeks delay - no biggie).
Whilst that is a delay, I kinda like the thought of it, it will give markets nice staggered rises. Rather than all at once and then a long void.

If ECB goes in 6th June. Then BOE on 1st Aug. Then September (18th) will be FED and/or secondary from ECB (12th). Then maybe every few months one or the other central banks will chip away a bit more (eg BOE 7th Nov).

In regards to not looking political, you could say delaying it could also be seen as political. Its more a case of slightly disappointing 2.3% rather than expected 2.1% IMO.

But central banks need to be cutting soon, leaving it too late to cut is as bad ad leaving it too late to rise (as they did).
It will cut off growth and growth is the only thing that's gonna get the world back its feet.

hamhamham1
Chat Pages: 76  75  74  73  72  71  70  69  68  67  66  65  Older

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