On The Beach Share Discussion Threads

[boonkoh] 25/9/2024 19:25

Just so unloved, despite all good news.I suspect we might need an OTA like Expedia or so on to come make a bid. Paying less than 10x forward PE, and much less once you strip out the cash, it would be highly earnings enhancing for any big travel group.Let alone the acquisition synergies that can be squeezed out...(I hold in the Boon Fund)

[johndoe23] 25/9/2024 14:47

Afraid markets will be trash next few weeks

[undervaluedassets] 25/9/2024 11:06

Discount the cash and the forward PE ratio here is circa 6.

bonkers

[paleje] 25/9/2024 09:19

Aside from the ongoing good news and outlook, the pound strength should benefit us too , why people are selling at this price even with the overhang of a pending 'hard decisions' budget escapes me escapes me.

[undervaluedassets] 25/9/2024 08:42

gashead .. I agree.

Great news and outlook and the shares go down!?

WE should be so lucky..I am buying a few more.

I do not know how to do anything else. I buy companies that are doing well or that I think will do well and that are cheap .. this is ticking all boxes.

As I said that is what I have always done. And in aggregate over the long term, this strategy has worked out.

I am going to buy a few more.

[adamb1978] 25/9/2024 08:42

I think these are good value however whilst you say that they're 70% off all time highs, if someone wanted to challenge that they'd say that they're also c.75% above their point of early Sept last year.

I do think they look cheap and its hard to see that there's much downside to a 10x PE for the year finishing next week, and falling to 8x-9x the year about to start.

The cash position will soon mean that even at their seasonal low point won't be far at all from being net cash, and at that point they'll need to start a buyback or similar.

Whilst I dont hold companies wiht the expectation of them being acquired, I think thats quite likely here and in the meantime there's realistic prospect of 25%-50% p.a. upside through a combination of earnings growth and multiple appreciation.

[gasheadmicky] 25/9/2024 08:40

Sit tight and hold this one, poised for a very substantial re-rating as and when the overall Macro position improves imo, i'm going to add more today and this is already my biggest single holding. Results were very good indeed and the Ryanair thing going to help as well.

[weemonkey] 25/9/2024 08:22

Really hard to work out why the market is indifferent here.

Cash pile has grown every year.
No debt. I repeat NO DEBT
NTAV is at highest ever.
Pe is lowest ever.
Outlook statement good
Carries no inventory (no expensive planes, trains, automobiles, ships or hotels to maintain)

And now great trading statement and and forward bookings way ahead of this time last year.

Full year Results will challenge all time best ever results I have no doubt.

meanwhile shares are 70% off all time highs

Really hard to see what the market dislikes here..

[highlands] 25/9/2024 08:18

It doesn't help when the UK government keeps talking the country down.

[adamb1978] 25/9/2024 07:39

Small cap markets were improving over H1 however I think with the budget fear, there's a natural higher les of risk aversion given that no-one knows how/where they'll be hit.

Widows and orphans dont in vest in small caps so most small cap investors will be hit in some shape or form when Reeves announces whatever evil plans she has in a few weeks.

Think are somewhat ina flux til then

[undervaluedassets] 25/9/2024 07:23

debt free.

Interim turnover was best ever

Now outlook best ever.

Share should be a multiple of what it is

Patience needed.

[gripfit] 25/9/2024 07:18

They are knackered … and I have no idea when they may improve …

[johndoe23] 25/9/2024 07:14

Yup and share price going nowhere. Welcome to UK markets

[johnkidd1] 25/9/2024 07:12

Prospective PE of 8 and debt free.

[jm65] 25/9/2024 06:34

>>>All looks pretty good to me!
>>>So…;. Will probably open down then!

:-)

...Winter 24 volumes are currently 34% ahead of the prior year,

That bit looks quite promising!

[ianio5691] 25/9/2024 06:20

All looks pretty good to me!So.... Will probably open down then!

[johndoe23] 25/9/2024 06:16

Yes, looks cheap. Good update.

[kash_] 25/9/2024 06:08

Record TTV1 of £1.2bn, representing an increase of 15% on last year, underpinned by Summer 24 year-on-year volume growth of 13%. -    Transformational partnership agreement signed with Ryanair, enhancing operational efficiency and unlocking further strategic growth opportunities. -    Strong control over total cost base with significant improvement in operating leverage.-    Adjusted PBT in line with market expectations2, despite incurring significant one-off costs related to the Ryanair integration. -    OTB exits the year debt free and with a strong cash position of c.£95m, providing significant balance sheet flexibility. -    Following the reintroduction of an interim dividend, as announced at interim results in May, the Board expects to recommend a final dividend in line with its stated capital allocation policy.

[adamb1978] 25/9/2024 06:08

So EPS somewhere around 14.5p level then.
Good cash balance
Visibility for FY25 started well

[zam1] 24/9/2024 21:04

YesWill be watching with interestAny one has any idea what time is the trading update tomorrow before the market opens or after can not see details

[death by donut] 24/9/2024 14:56

Should read two thirds holding.DbD :-)

[death by donut] 24/9/2024 14:54

Well I'm only small time pi with a sipp but added a small bit today . Needed to bring it to a ? holding anyway , so good a time as any I suppose.Fingers crossed for tomorrow.DbD :-)

[adamb1978] 22/9/2024 17:40

Yes, I'm also pretty confident that it'll be strong

[death by donut] 22/9/2024 11:11

A quick shufty on google would suggest plenty of people were heading abroad this year , so fingers crossed DbD

[kash_] 22/9/2024 09:27

I'm confident it will be a very strong TU. 170-180 range would be good..