Updates

On the Beach - Trading at top end of expectations

October 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

OTB shot ahead after saying pretax profit for the year to end September will be “at the top end of market expectations,” helped by higher interest income. It enjoyed a record summer and Total Transaction Value (TTV) was up 26% for the year to £1.1bn, driven by growth in volumes and average booking values. Summer 23 passenger numbers were 11% ahead of Summer 22, with Winter 23 currently 26% ahead of the prior year. Bookings for Summer 24 are “significantly ahead.” OTB continues to successfully grow volumes and average booking values in its core ‘value’ mainstream market but Premium 5* TTV grew c.30% and long-haul c.70%. With its investment in brand normalising, advertising spend for the year has dropped from 53% in H1 to ...

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Luceco - 12% eps upgrade - second since July

Jet2 - 13% upgrade to eps forecast

On the Beach (February 2024)

OntheBeach - Cash rises to 45p a share (January 2024)

OntheBeach (June 2023)

On the Beach (February 2023)

On the Beach - Shares move to seven-month high (January 2023)

On the Beach - CEO buys £2m at 129.5p in August (September 2022)

On The Beach (June 2022)

OnTheBeach (March 2022)

On The Beach - Down but not out - recovery buy (July 2021)

On The Beach (March 2021)

On The Beach (May 2020)

On The Beach (September 2019)

On The Beach (March 2019)

On The Beach - Enters long haul beach space (January 2019)

On The Beach (September 2018)

On the Beach - Gain to date: 111% (July 2018)

On the Beach - H2 sales up 70% whilst non marketing costs remain flat, electrifying profits (January 2018)

On The Beach (June 2017)

On The Beach - A strong start to the year (April 2017)

On the Beach - New highs for shares as first four month sales jump +20% (March 2017)

On The Beach - Trading at top end of expectations (December 2016)

On The Beach (August 2016)

OnTheBeach (June 2016)

On The Beach - Market disruptor with low cost base (January 2016)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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