On The Beach Share Discussion Threads

[zam1] 20/9/2024 20:25

So trading update Wednesday watch this space.Any one has views opinions I am watching with interest but rather wait n see the TU next week before committing last time it went up to 180 it came back down pretty soon now hoovers around 140

[jm65] 18/9/2024 15:17

T/U Wednesday 25th September.

[adamb1978] 04/9/2024 06:57

Thanks for posting that Boonkoh. Wasnt aware of that Barclays report

[boonkoh] 03/9/2024 15:39

Very good Travel Agent spending in Aug in the Barclays Spend Report.Late travel booking demand in Aug is the final piece of the jigsaw for a blowout H2 for OTB.You can also see lots of jobs open on the website. They wouldn't do this if trading was weak. Instead, this is probably bullishness to embark on a growth strategy for 2025 high season.These should go >200p on good results and broker upgrades.(I hold in the Boon Fund)

[john09] 02/9/2024 02:51

Biotech only backs losers so he probably holds this

[dr biotech] 01/9/2024 20:28

If anyone actually read the article it would give a bit of context.

“Ryanair won’t reconsider launching a package-holiday division until it has taken delivery of all 350 aircraft on order from Boeing, Mr O’Leary said, with the new arrivals sufficient for it to grow traffic aggressively without departing from the existing model. That will take some years”

[seroserio] 01/9/2024 16:53

alotto
5 Aug '24 - 10:15 - 1952 of 1977
0 1 0
There are real risks and very little rewards. I think it's time to stay cash.

OTB up around 10% since then.

[alotto] 01/9/2024 12:03

Jm65 it may well be actually

[jm65] 01/9/2024 08:43

There's your potential Suitor then.

[alotto] 01/9/2024 05:01

John your statement corroborates my assumption that OTB operates in a very competitive space.
Margins can go under pressure very easily.

[john09] 01/9/2024 00:56

“ Ryanair plots assault on package holiday market
Michael O’Leary considers selling flights and rooms together as rivals reap rewards”


The telegraph

[paleje] 28/8/2024 08:08

Our air travel partners have had a strong summer so far with high passenger numbers and fares not as much reduced as O'Leary had feared earlier.

[its the oxman] 27/8/2024 17:55

Worth 200p plus here, time will tell. Been a dreadful UK summer.

[halfpenny] 27/8/2024 14:56

Higher Highs as a Mega Deal in the pipeline.

Must be a Buyout Target for USA Company.

How Much How Soon !!! Mega Deal soon...RNS

[undervaluedassets] 27/8/2024 12:33

Thing I like most about them is that they are an agent essentially and carry no inventory. No planes, trains and automobiles.

Just clever people ...

And as has been said .. lots of cash on the books

[wrighna1] 25/8/2024 19:30

Agree Adam, this has the potential to make good share price progress over the next 6-9 months.

[adamb1978] 25/8/2024 14:44

Spending some time this bank holiday weekend to go over a few positions which I hold.

Think OTB looks very good value at these levels. WE know that Tui and Easyjet have been performing well and that the UK economy has remained resilient. Am expecting good figures in the trading update in mid Sept.

Also going to be interesting to see what they say about their cash balance. Even at the seasonal low point this year they had positive cash and that will only have grown. Their 25% payout ratio will use a bit of the cash but they'll still have surplus

[johndoe23] 22/8/2024 11:51

Through 150p

[ianio5691] 21/8/2024 07:55

"Zam1 - Sold 149"

I have a feeling you might regret that...

[ianio5691] 21/8/2024 07:54

On the Beach CEO Shaun Morton labelled the agreement as “transformational”

[ianio5691] 21/8/2024 07:53

Ryanair harmony opens up Irish market for online holidays group On the Beach


August 21 2024
Neil Hodgson

Manchester-based online travel business, On the Beach, has launched a new booking site in Ireland, aided by its deal with budget carrier Ryanair earlier this year.

The group signed a long term distribution agreement with Ryanair, bringing an end to a long running legal battle between On the Beach and its CEO, Michael O’Leary, who referred to the company as “pirates” even after the conclusion of an often bitter two year court case in October 2023 which found in favour of the travel agent.

The case was brought by OTB after it took action against Ryanair regarding refunds to its customers during the pandemic, when the travel industry was severely impacted by restrictions and lockdowns.

At the launch of the partnership, Ryanair Marketing Director Dara Brady confirmed that “On the Beach customers can now book Ryanair flights, seats, and bags as part of their holiday package with the guarantee that they will have full price transparency of Ryanair products.”

On the Beach CEO Shaun Morton labelled the agreement as “transformational”.

The new Irish site opens up holidays, bookable in euro, from Cork, Dublin, Kerry, Knock and Shannon airports.

On the Beach sends more than 1.5 million people on holiday every year.

On the Beach Chief Customer Officer, Zoe Harris, said: “Our launch in Ireland means we are able to provide more choice and great value to holidaymakers who want to book a holiday from their local airport – as well as the protection they need to book with confidence.

“With our Ryanair partnership up and running, the sheer volume and variety of Ryanair flights from airports like Cork and Dublin are now available to book as part of a package, so our customers can easily find their dream holiday to popular destinations like Spain, Turkey and the Balearics.”

In May this year, On the Beach announced interim results for the six months to March 31, 2024, that showed the group achieved an 11% improvement in revenues of £80.8m, while its total transaction value (TTV), showing the holidays booked in the period before cancellations and adjustments, rose 22% to £597.8m.

A pre-tax loss last year of £5.9m was transformed into a £600,000 pre-tax profit.

The TTV figure was driven by increased passenger bookings during the period (+15%) as well as an increase in the average value of holidays sold.

[jm65] 21/8/2024 07:50

Interesting Zam1,

Not hanging around for the next trading update?

[ianio5691] 20/8/2024 08:23

Agreed.
180 next target...

[wburton619] 19/8/2024 16:00

Finished through 150 resistance. Hopefully clear skies ahead to 180 and beyond. Been topping up at these levels as it's so cheap