reports
- Kate Heseltine
On the Beach Group - Feeling festive
The increase of 22% in booked total transaction value (TTV) both in H124 and for this summer, driven by successful expansion into premium and long haul and backed by its pioneering perks, confirm On the Beach’s (OTB’s) progress in addressing a market it estimates to be 5x more valuable than its core Value (3*) business (now just 25% of bookings) as well as more dynamic. Another ‘very big deal’ for OTB is its new ‘transformational’ partnership with Ryanair, its most significant low-cost carrier, ...
On The Beach Group Plc: 1 director
A director at On The Beach Group Plc bought 2,823,862 shares at 88p and the significance rating of the trade was 76/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years c...
- Liberum Research Team
DRX DRAX GROUP PLC
MAB MITCHELLS & BUTLERS PLC
BLND BRITISH LAND COMPANY PLC
EZJ EASYJET PLC
SFE SAFESTYLE UK
SDY SPEEDY HIRE PLC
VTY VISTRY GROUP PLC
SAG SCIENCE GROUP
IKA ILIKA
RMG ROYAL MAIL PLC
OTB ON THE BEACH GROUP
CTEC CONVATEC GROUP PLC
AAL ANGLO AMERICAN
UPR UNIPHAR
ATOM ATOME ENERGY PLC
AT/ ASHTEAD TECHNOLOGY
- Liberum Research Team
- Anna Barnfather
- Nishant Dahad
LIBERUM: On the Beach - Growing pains
OTB released interim results showing strong TTV growth of +28% with revenues up +38% to £73.2m. However, it surprised the market by reporting an interim LBT of £0.1m with marketing costs and overhead costs higher. It seems this year’s outturn will come down to the lates market, which management believes should be strong, given significant unsold bed and seat capacity and brand building investment. We increase our revenues for FY23E by 14% to £193.5m, but reduce EBITDA by 4.2% to £32.8m. This ass...
- Liberum Research Team
- Liberum Research Team
- Liberum Research Team
- Liberum Research Team
- Liberum Research Team
- Liberum Research Team
- Anna Barnfather
- Nishant Dahad
LIBERUM: On the Beach - Increased investment to pivot to premium
On the Beach’s FY23E Group Total Transaction Value (TTV) is up 68% YTD as it enters the key booking period. We estimate this is +30-35% vs FY19, with a material acceleration post-Christmas. Visibility remains limited at this early stage of the year, with significant investment required to support its pivot toward more premium packages. Hence, we view FY23E as another year of transformation, with a focus on market share gains rather than profitability. We make minor adjustments to forecasts but a...
ON THE BEACH GROUP PLC. sees a downgrade to Slightly Negative on accou...
The independent financial analyst theScreener just lowered the general evaluation of ON THE BEACH GROUP PLC. (GB), active in the Recreational Services industry. As regards its fundamental valuation, the title now shows 3 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date February 4, 2022, the closing price was GBp ...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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