On The Beach Share Discussion Threads

[aishah] 05/12/2023 08:14

Market sleepy at the open. Managed to add at 122p. This will rerate nicely over the next few months imo

[adamb1978] 05/12/2023 08:13

Yes, figures look very good.

Market forecasts need upgrading a good bit in my view

Longer-term, market forecasts for FY25 suggest EBITDA margins of just over 20%. These used to make in the 30s.

Think this has a long way up to go from here

[blueball] 05/12/2023 08:04

Great results.

[aishah] 05/12/2023 07:48

Total revenue of £170.2m from £143.4m in the previous year. Reinstating dividends, adjusted PBT of £23.6m against £14.2m last year, basic EPS of 11.6p vs 6.4p. Decent cash on the BS. What's not to like?

[northwards] 05/12/2023 07:43

Very impressive.

[tallprawn] 05/12/2023 07:20

Well there's not much in there to pick fault at - Cracking set of results, outlook and divi confirmed for next year. Well done to the management team. This should see a significant recovery over the next 3-6 months.

[bigbigdave] 05/12/2023 07:06

very decent results, Current trends and strategy give us confidence that Summer '24 will be significantly ahead of Summer '23

[alotto] 04/12/2023 13:44

fair value is 300p

[milliecusto] 04/12/2023 08:44

Long way to go until fair value is reached, slow and steady rise each day will do for me

[wburton619] 01/12/2023 19:16

In at 117 I think there is good value here. Holding for at least a year expecting share price to double in that timeframe quite easily

[adamb1978] 01/12/2023 18:34

I agree DRF. They've bumped up against the current level a couple times in recent months and been knocked back. Hopefully a strong outlook statement on Tuesday can push us through that and it can act as support after rather than resistance.

On a fundamental basis, agree it looks cheap. They'll also have excess capital this year, by which I mean even at cash low points they should have net cash, so will be interesting to see whether there's a nod to dividends. I'm not bothered by income myself, but some funds can only hold companies which pay a divi and its also a signal about the board's confidence

[dunns_river_falls] 01/12/2023 16:52

Starting to look positive here. Breakout close and hopefully start to close the gap to the brokers TP of £3. Last year the share price went on a very decent run and the company is in much stronger shape now. £2 is a fair target

[weemonkey] 29/11/2023 13:00

Fun fact. They have no debt. They are in effect a website like Rightmove. If the market contracts they can pull in their horns. If it flies they hire a few more staff. But the operation and hence the risk is capital and asset light

[paleje] 28/11/2023 08:26

Timely comment from Peel Hunt:-

OnTheBeach is ‘recession resilient’, says Peel Hunt
Package holiday operator OnTheBeach (OTB) is delivering ‘promising’ updates and the shares do not reflect the long-term potential, says Peel Hunt.

Analyst Ivor Jones reiterated his ‘buy’ recommendation and target price of 300p on the Citywire Elite Companies + rated stock, which was trading at 113p on Monday.

Full-year 2023 earnings are in line with expectations, Jones said, and full-year 2024 is ‘promising at an early stage’. Winter passengers were up 23% and summer this year was ‘significantly ahead’.

Jones said the group had made itself ‘recession resilient’ as it benefits from ‘marketing investments made in 2023 and from its continuing pivot to higher-value holidays’.

‘The results will be an opportunity to gauge management tone more than current trading data,’ he said. ‘Despite the rally, we believe the share price does not reflect the long-term potential.’

[paleje] 28/11/2023 08:17

We'll know next week :)

[adamb1978] 28/11/2023 08:14

Was going to post similarly Paleje. OTB looks very cheap in my view

[paleje] 28/11/2023 08:06

Easyjet results out this morning are good with strong bookings for 2024, small short term impact from middle east conflict, returning to divi payment bodes well for sector.

[alotto] 27/11/2023 08:49

Mind guys, Pneumonia wave coming. Time to sell OTB and buy AstraZeneca?

[john09] 17/11/2023 06:44

Morning all

Just a reminder any SCSW followers we have a new unofficial thread for ADVFN folk to keep in touch with each other and discuss shares. 15 have joined so far. Please favourite this thread to your shortlists and like the thread so we can keep approx tabs on numbers!

Note that no subscriber only information should be shared eg new tips and write ups etc

[oldboy1] 15/11/2023 08:14

Inflation falls more than expected hitting two-year low!! fantastic news for shareholders!

[alotto] 14/11/2023 18:18

Maybe some news leaked today?

[john09] 14/11/2023 08:43

New thread for sharewatchers. General chat about SCSW followed stocks so investors can discuss 2024 etc. No sharing of subscriber only information