Share Name Share Symbol Market Type Share ISIN Share Description
On The Beach Group 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
  +2.00p +0.40% 502.00p 501.00p 503.00p 503.00p 499.00p 500.00p 207,409 12:52:57
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 83.6 21.1 13.8 36.4 654.78

On The Beach Share Discussion Threads

Showing 351 to 375 of 375 messages
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older
DateSubjectAuthorDiscuss
19/5/2018
13:07
Like the look of these but a few niggles, the main one being it's still a smidge too expensive IMO, others are the recent decline in Sterling and are we at the peak of the economic cycle.DD
discodave4
17/5/2018
17:32
I think you credit the market with more logic than I do. The sale of over a million shares today may have been in response to EZJ's announcement but it could also just be an insti rebalancing.
mammyoko
17/5/2018
15:56
I wonder, is the share price drop linked to EZJ's announcement on 15 May that they would be 'investing in holidays' ie more than just flights?
sf5
17/5/2018
15:56
I wonder, is the share price drop linked to EZJ's announcement on 15 May that they would be 'investing in holidays' ie more than just flights?
sf5
17/5/2018
15:42
I'm very relaxed about my holding here. This is a disruptive technology business. LTBH imo.
aishah
17/5/2018
14:41
Buying opportuity
mammyoko
17/5/2018
12:14
Had a few more...
lomax99
17/5/2018
09:41
Starting to add back, fall overdone.
lomax99
16/5/2018
13:59
I'm not sure why the chairmain resigned so suddenly.
u813061
14/5/2018
12:22
FT misses the bigger picture imo. OTB has 20% of the UK market, I'm not expecting too much more here to be honest. No, the big prize is still to come. Trialling international roll out in Scandinavia, learn the lessons about how to operate internationally without overdoing the costs, then roll that model to the rest of Northern Europe. If they can get 20% of the German market that would be fantastic. It's not going to happen overnight, but this has plenty of potential to grow into the price in the next few years. Meanwhile, a buyout would be nice, but it's not what I'm banking on. I'm long OTB (if you couldn't tell).
mauricemonkey
14/5/2018
10:03
Nice to know Rothschilds are on standby for the inevitable.
its the oxman
14/5/2018
07:58
FT: On The Beach shares fly into uncharted territory Online travel agent valued twice as highly as bigger competitors “Cheap holidays. Book today,” shouts On The Beach. The Cheadle-based online travel agent can’t call its stock cheap, though. Shares in On The Beach, which allows punters to build their own trips online, rose above £6 last week before settling back to 555p, still about three times their price at flotation in London in September 2015. That is on the back of a 30 per cent rise in revenues between September 2015 and 2017 and a 96 per cent rise in pre-tax profits. The market now values OTB, founded in 2004 by chief executive Simon Cooper in a bedroom in a terraced house in Macclesfield, at just under £800m, or about 30 times earnings per share forecast this year. The multiples in long-established travel operators Thomson-owner Tui and Thomas Cook are only half as high. And they command networks of shops, cruise ships, hotels and planes to take trippers round the world. They dominate the niche that OTB specialises in, together sharing about 40 per cent of the UK’s online short-haul beach package holiday market. OTB is a titch by comparison with just a fifth of the market and almost no tangible assets. Still, OTB has doubled its market share since 2011 and, unlike Tui and Thomas Cook, it does not make big bets on passengers numbers. It does not pre-book airline seats or have branded hotels. It simply takes sun-worshippers where and when they want to go. That has its advantages — OTB is not worried by occupancy rates or fallow periods when tourists stay home and hoteliers renovate rooms. It has a fraction of the overheads and little exposure to the high-street gloom. Nonetheless, sending 1.5m passengers abroad annually to don thongs and build sandcastles is a volatile business. Bookings hinge on the weather, how flush holiday makers feel and the latest news on sterling and terrorism. Monarch Airline’s collapse last year constrained flight capacity, pushed up seat prices and hit bookings during the winter, prompting analysts to trim OTB’s full-year profit forecasts by £1m or so to about £34m against £28.5m last year. And still OTB shares trade on higher multiples of earnings than many online peers. Its debt plus equity value is 16 times expected earnings — twice that of Expedia, the vast US online travel business. The enterprise value of Hostelworld, the Irish agency that also listed in London in 2015, is 14 times forecast earnings. In fact, OTB’s rating may be closer to Purplebricks, the web-based middleman for housebuyers that floated the same year. Purplebricks’ shares are five times higher now, based on a fourfold increase in revenues to £47m in two years. OTB’s sales growth at about 20 per cent a year looks pedestrian by comparison. The beach holiday business is profitable. Purplebricks is not. But Purplebricks is breaking new ground in the property industry, whereas OTB is just another online travel business like easyJet or Jet2, which has to spend close to half of revenues a year on marketing to establish its name. But to classify OTB as a bucket shop is to miss the point, say OTB fans. It is disrupting the online package holiday market. “OTB is a tech business playing in leisure,” says Berenberg analyst Owen Shirley, who said he believes the company has something even its bigger rivals lack. OTB has built booking technology that enables it to personalise and finesse offers to holiday makers, convert more browsers to bookings, reduce average costs per click paid to search engines and optimise revenues per booking. Now more than 40 per cent of OTB customers bypass search engines to make repeat bookings. That means OTB does not have to work so hard or pay so much for business. It also has more clout to drive better deals with hotels. Operating margins, despite the marketing spend, are a juicy 40 per cent. Rivals will have to spend oodles of cash to catch up while OTB expands, says Mr Shirley. And that is really why OTB is rated so highly. Investors think one of OTB’s bigger deep-pocketed peers such as Expedia or Priceline, now Booking.com, will decide it is easier to buy OTB than build its own proprietary systems to compete in what is after all a small market. OTB’s board seems to think that too. It has NM Rothschild on standby to advise it just in case a bidder should knock on its office door. That is dandy. But it doesn’t make the shares cheap.
lomax99
11/5/2018
13:53
Cheeky top up @552, I don't think the recent headwinds stop the longer term story here :)
mauricemonkey
11/5/2018
09:56
Zoopla gone today. Mid cap internet plays are pretty attractive to the bigger players.
its the oxman
11/5/2018
08:05
IC comment: On The Beach misses expectations The after-effects of the collapse of Monarch airlines are still working their way through the European travel industry. In the case of On The Beach (OTB), it was £1.1m-worth of lost bookings during the six months to March. Monarch’s demise effectively ripped out about 15 per cent of flight capacity to beach destinations during the period, but it also deterred those travellers who choose to holiday in the winter (when it’s cheaper), as prices for remaining seats increased markedly. Chief executive Simon Cooper said other airlines are in the process of filling these gaps, but there is some lead time until agreements are reached. Outside of Monarch, On The Beach is making progress. Daily unique website visits grew by a quarter to 34.1m, while repeat purchases increased by 2.6 per cent to 42.9 per cent of visitors. On The Beach has continued to invest in its technology platform to make it easier for customers to use, especially since well over half of UK traffic now comes via smartphones. Sunshine.co.uk, which the company acquired last year, is also now on the same platform. Analysts at Numis expect pre-tax profits of £34.2m in the year to September 2018, giving EPS of 21.2p, up from £28.5m and 17.7p in FY2017. IC View The impact from the Monarch collapse caused On The Beach to miss analyst forecasts, sending shares down on results day. But we’re optimistic that this is a short-term issue that should resolve itself by next winter. On The Beach has historically traded at a significant premium to peers on a price-to-book basis; if it reverts to its historic premium, there's implied 17 per cent upside from the current share price. Buy on the dip.
lomax99
10/5/2018
15:39
Fall looks worse today in part due to yesterday's late spike up. Hoping this climbs back above 600p after the profit taking is done.
its the oxman
10/5/2018
14:34
Anyone got access to any updated forecasts?
its the oxman
10/5/2018
12:19
On The Beach profits soar as east Med 'back with a vengeance' On The Beach says it still expects to hit its annual growth targets despite a spike in seat prices and a reduction in bookings following the collapse of Monarch last October. The group on Thursday (May 10) reported “solid” adjusted pre-tax profits of £14.0m, up 15%, for the six months to the end of March (H1), taking into account an estimated £1.1m hit in lost bookings due to winter seat availability and pricing, brought on by the Monarch failure. However, speaking to TTG on Thursday, chief executive Simon Cooper said the situation following the Monarch collapse “continued to improve by the week”. “It’s been helpful some destinations in the eastern Med have come back with a vengeance,” he said. Group revenue increased 19% from £38.1m to £45.3m on the same period last year, while net debt of £11.6m reflects On The Beach’s £12m acquisition of sunshine.co.uk in May last year, which the group in February had enjoyed “substantial” growth in revenue. International revenue, meanwhile, increased 51% from £600,000 to £900,000 during H1, its strongest performance since launch, supported by investment in Sweden and Norway - and with Denmark to launch this month. The OTA, Britain’s fifth largest Atol holder, rising to fourth following the Sunshine acquisition and extension of its Atol licence, also revealed unique visitors to its website, increased 24% on H1 2017 from 27.5 million to 34.1 million. Cooper said strong booking, share growth and “modest, tactical” discounting had driven the company’s H1 performance. He said flight capacity was continuing to recover, alleviating winter constraints and fuelling board confidence of delivering “a full year result in line with management’s expectations”. Cooper also revealed the group had leased a new “digital HQ” in Manchester to support the OTA’s growth, due to be operational by the end of the year. ttgmedia.com
aishah
10/5/2018
10:19
............and full year expected to be in line with expectations.
henryatkin
10/5/2018
08:34
I feel a bit underwhelmed by the results. The rise in the share price on volume yesterday had me expecting more. Tone is positive but it seems expectations are being revised lower - at least that’s what I understand by ‘in line with management expectations, taking account...[Monarch impact and international investment]’ From a more long term perspective, you could say growth has been decent despite the headwinds and outlook for next few years looks v positive. On balance it still looks good value with the growth story intact so happy to continue to hold...
trigger16
10/5/2018
08:16
Volatile first few minutes will be interested to see where it settles
ayl30
10/5/2018
08:14
Just bought back some shares I sold yesterday. Growth continues despite Monarch.
its the oxman
10/5/2018
07:55
Will be selling first thing
nw99
10/5/2018
07:51
Anyone thinking about topping up today?
highbury grease monkey
10/5/2018
07:48
My apologies, I have removed my earlier post.
shanklin
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