On The Beach Share Discussion Threads

[its the oxman] 11/5/2017 16:09

Recovery from some inevitable profit taking suggests a good chance we can now press on toward a test of 400p level.Broker targets or upgrades anyone?

[larva] 11/5/2017 13:07

might see the VC sell the rest now

[dansaunders25] 11/5/2017 11:59

Been hovering over OTB a while, what are the thoughts on the disputes with Ryanair? Any concerns here, or is it presumed a safe result?

[malcolmmm] 11/5/2017 08:56

International revenue looking very positive---

• International revenue increased 20% in Sweden to £0.6m (H1 2016: £0.5m) with strengthening growth throughout H1

• International EBITDA loss of £(1.0)m, in line with H1 2016

• Launch of second international market in Norway during H1

[nurdin] 11/5/2017 08:45

Blue by close I reckon...

[lomax99] 11/5/2017 08:41

Added in the dip.

[ddav] 11/5/2017 08:39

Ditto nurdin -- this is only the beginning...

[bigbigdave] 11/5/2017 08:38

Added back the few that I topsliced on yesterday's spike.

[nurdin] 11/5/2017 08:31

Added.H1 was expected to be softer...

[malcolmmm] 11/5/2017 08:25

Yep agree, buyers will come in before long imo

On the Beach is to buy its smaller rival online travel agency Sunshine.co.uk for £12 million.


Describing the acquisition of Sunshine as 'highly complementary', On the Beach said move will add about 200,000 customers to its annual 1.2m clients.


"The additional passenger volumes will significantly enhance OTB's opportunity to drive an increasing proportion of business into exclusively contracted product and an ability to leverage incremental margin," according to an On the Beach statement.


On the Beach Group currently has a 20% share of the online short-haul beach holiday market.


Chief executive Simon Cooper said: "We are delighted to have acquired a brand as well-established with beach holidaymakers as sunshine.co.uk.


"This earnings enhancing transaction reflects the board's ambition to consolidate On the Beach's leading position in the online beach holiday space while supporting our drive to exclusivity and underpinning our ability to further leverage our scale."


Sunshine reported gross assets of £18.6m and EBITDA of £1.6m in its latest statutory audited accounts for the thirteen months to 30 September 2016.

[its the oxman] 11/5/2017 08:22

Looks set to go higher in time. Good acquisition yesterday good results today.

[aishah] 11/5/2017 08:20

Momentum in bookings continues into H2, net debt slashed to £2.3m from £6.6m, pre-tax up 33.8%. sunshine.co.uk acquisition for £12m - reported £1.6m EBITDA and adds 200,000 customers.

Peel Hunt retains BUY and raises target to 450p from 365p.

[johnpolonius] 11/5/2017 07:55

this seems v strong imho. and an interim dividend, ex date June 2. Be interested to hear from others what they think of prospects Norway and Sweden?

[bigbigdave] 11/5/2017 07:10

33.8% increase in pbt

[malcolmmm] 10/5/2017 14:19

same with eye

[nobilis] 10/5/2017 11:35

MGP taking off

[aishah] 10/5/2017 10:31

Interims tomorrow should show further progress. If they affirm expectations for a strong second half, then upgrades should follow. Run them imo. dyor

[shanklin] 10/5/2017 08:49

Always good to take on something where there are, presumably, easy wins available in terms of their operations.

[mister md] 10/5/2017 08:44

customer reviews of sunshine.co.uk on trustpilot a bit poor (especially compared to onthebeach.co.uk), hope they can make some improvements post acquisition

[malcolmmm] 10/5/2017 08:26

Good call by scsw and Fatprophets both gave a strong buy on these. I expect scsw are kicking themselves for not adding otb to their portfolio. Fatprophets did

[malcolmmm] 10/5/2017 08:16

Yes looks a good move

[kemche] 10/5/2017 08:14

Market seems to like it................

[malcolmmm] 10/5/2017 08:08

cant deal online at the moment