Share Name Share Symbol Market Type Share ISIN Share Description
On The Beach Group Plc LSE:OTB London Ordinary Share GB00BYM1K758 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -3.50 -0.89% 389.50 220,801 16:35:21
Bid Price Offer Price High Price Low Price Open Price
388.50 391.00 394.00 383.50 385.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 140.40 19.40 12.00 32.5 613
Last Trade Time Trade Type Trade Size Trade Price Currency
17:08:19 O 249 387.498 GBX

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Date Time Title Posts
22/3/202109:13OTB - Sun, Sand and... Shares553

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Trade Time Trade Price Trade Size Trade Value Trade Type
2021-04-12 16:16:36387.50249964.87O
2021-04-12 16:07:27388.792,68910,454.67O
2021-04-12 16:04:37389.758,49033,089.94O
2021-04-12 15:58:16387.5088341.00O
2021-04-12 15:52:50388.029443,662.90O
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On The Beach (OTB) Top Chat Posts

On The Beach Daily Update: On The Beach Group Plc is listed in the Travel & Leisure sector of the London Stock Exchange with ticker OTB. The last closing price for On The Beach was 393p.
On The Beach Group Plc has a 4 week average price of 370.50p and a 12 week average price of 288p.
The 1 year high share price is 517p while the 1 year low share price is currently 200.50p.
There are currently 157,460,556 shares in issue and the average daily traded volume is 643,820 shares. The market capitalisation of On The Beach Group Plc is £613,308,865.62.
peterninefive: On a day of good holiday news OTB appoints Justine Greening and the price plummets. Presumably a reflection of her previous competence as a minister. OTB Board - what the hell were you thinking of?
boonkoh: Having sat on the sidelines, I now think I'm going to keep sitting on the sidelines for a while. Two things on my mind :OTB fortunes dependent on open travel for summer. But looking unlikely. Why would airline bosses do a massive PR push now, writing letters, etc unless they believe Boris has decided to keep travel tight this summer.Bond yields rising. Will hit the sectors with highest PE multiples, due to risk free rate discount valuation models. Will see tech shares drop in value. OTB will be caught up in tech, even though it is not highly valued on PE terms. Rising/sinking tide lifts/drops all ships.
boonkoh: I don't think it is mothballed. Govts will be under pressure to allow tourism this summer to protect the industry.We'll know the UK stance in Boris announcement next week on the pathway out of lockdown.But suspect the fine details and actual confirmation of summer will need to wait till Mar, Apr. Until then, uncertainty will cause OTB price to remain weak.
boonkoh: Indeed, big dump by CEO in Dec is the major red flag for me, why I hadn't jumped in yet since OTB has been on my radar since Nov.Still, price is looking more attractive now.However, if European summer holiday season really is not viable, I can see this going back down to 250p, or even lower. Need to dig into whether govt will cave into demands from travel sector. And not just UK govt, but Italy, Spain, Portugal, Greece, Turkey, etc etc...
tomps2: On the Beach #OTB mentioned by Ben Mckeown, Investment Director at Dowgate, when discussing opportunities. hxxps:// OTB: 16m17s
sphere25: It's interesting when we look at some of the valuations to see what they are pricing in when we experience a left field event from which great uncertainty stems. The market appears to be looking way out to at least 2023 here: "On The Beach valuation doesn’t reflect Covid-19 damage Results from online travel agent On The Beach (OTB) were in line but damage done in the pandemic is not being reflected in the valuation, says Jefferies. Analyst Becky Lane retained her ‘underperform’ recommendation and target price of 310p on the shares, which were trading at 371p on Thursday after it revealed a £42m Covid-19 hit this year. Although results were in line with the pre-close announcement, Lane said ‘we continue to think On The Beach’s model struggles to gain share in distressed environments and data suggests brand damage from refund experiences and growing online competition’. ‘We think recovered full year 2023 22x price/earnings…; does not adequately reflect this,’ she said." You'd think the likes of OTB and JET2 would come out on the other side well, but the valuations look a tad stretched and rather optimistic imo. The delivery has to be near flawless, but that's where the bar appears to be set. Perhaps the bullish festive hat isn't quite placed properly on said head. All imo *UPDATE 17/12/2020* And then... A secondary placing followed with 2.5% of the shares wanting to be sold. Perhaps the views above weren't too outlandish afterall.
melody9999: Took an opening position early today. Myrmatt - did you read the TU of 9/11/20: · On 6 November the Group had cash of £44m, excluding customer prepayments which are held in a ring-fenced trust account. This cash figure will further increase as we continue to receive monies from airlines for cancelled flights where OTB has already provided customer refunds · The Group has access to a £75m credit facility which is undrawn -- As a reminder the Group has a zero revenue cash burn of GBP2m per month reduced by trading volumes So OTB have cash for almost 2 years, and a credit facility that would allow them to keep the lights on for another 3 years if they were able to draw.....assuming ZERO REVENUE. But the reality is that revenue will build as we come out of COVID.
jason_scrap: Why renegotiate the banking facilities then...? Just for the sake of it..? 8% of turnover is 11.2m. With no income that 4m cash that actually belongs to them isn't going to last long... likely to now be trading insolvent. The longer we're shut down the more they're burning through that credit facility, which they will be using to pay the monthly RCF costs along with the other overheads. What happens when we're out of lockdown, life or business won't go back to normal for years to come. Airlines, holiday companies, hotel chains etc all hitting the wall... what you think is going to happen to OTB...? Are they going to thrive? No. They will have to spend a fortune on marketing with cash they do not have so they'll borrow more, then they'll be forced to slash they're margins to the point of no return. Which may potentially benefit the consumer but not the company, what happens when they then raise they're prices to catch up on the then mounting debt pile...? They lose customers. There is nothing unique about they're business model, I fear others will likely replicate it coming out of this or the holiday majors like TUI will ram they're own prices up to save they're own skin... OTB will get squeezed out. Sorry to raining on your parade but the writing really is on the wall here
grahamburn: Interesting near doubling in their holding: Shame it wasn't reflected in the share price.
lomax99: 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, 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.
On The Beach share price data is direct from the London Stock Exchange
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