Updates

On the Beach - Shares up nearly £1

February 2025

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.

After banging the drum (2023 and ’24 NAPs at 119p and 153p; March ’23 front-page at 175p) shares in On The Beach went into orbit, peaking at 253p after record finals. Even after £3m costs to integrate its systems into Ryanair’s (following their flight distribution agreement which underpins 30-40% of its seat supply), pretax profit rose 25% to £31m on sales up 14% to £128m. TTV rose 15% to £1.2bn, with five star hotels now 34% of the total. As it scaled, EBITDA margins rose 3.6% to 33.6%, with marketing spend reducing 1% to 37.1% as its brand recognition attracted even more “free” direct traffic. Own net cash rose £20m to £96m and as well as a 3p dividend, it launched a £25m share buy-back. The forward order book is at a record wit ...

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Energean

Gulf Marine Services - EBITDA guidance raised 5%

On the Beach - TTV +17% for holidays between March-June (April 2025)

OntheBeach (December 2024)

On the Beach - Extremely cheap on ex-cash prospective PE of 5.5 (July 2024)

On the Beach (April 2024)

On the Beach (March 2024)

On the Beach - Full year profit “at the top end of the range” (November 2023)

OntheBeach (July 2023)

On the Beach - Very encouraging meeting with CEO and founder; upgrades likely (March 2023)

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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