Updates

Hostelworld

June 2019

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.

The shares broke higher to 250p after online hostels booking website Hostelworld announced a modest (3%) beat to FY’18 EBITDA forecasts. These were Eu21.4m, down from Eu26.4m in FY’17, on sales that fell from Eu86.7m to 82.1m. Eps were 17.5 cents.Hostelworld is consolidating following a change in strategy and it now offers bookings with free cancellation in order to be more competitive. But that means it cannot recognise bookings in the same year as incurred, resulting in Eu2.9m of deferred income moving to the following year. Therefore, the future quality of earnings has improved.Last year bookings were flat at 7.55m (as guided) although the core Hostelworld brand grew 4%, offset by the planned run-down of non-co ...

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Hostelworld - Bank debt, which peaked at €21.2m, now paid off (December 2024)

Hostelworld - Net debt drops to €2.6m (October 2024)

Hostelworld - Results beat even upgraded guidance (May 2024)

Hostelworld - Results beat forecasts, debt down (March 2024)

Hostelworld - Blow-out 43% bookings growth drives upgrades (December 2023)

Hostelworld - New social platform drives 50% forecast upgrade (October 2023)

Hostelworld (October 2022)

Hostelworld (October 2021)

Hostelworld (May 2021)

Hostelworld (March 2021)

Hostelworld (October 2020)

Hostelworld (August 2020)

Hostelworld (May 2020)

Hostelworld (April 2020)

Hostelworld (October 2019)

Hostelword (November 2018)

Hostelworld (July 2018)

Hostelworld (March 2018)

Hostelworld - 10% rise in bookings (October 2017)

Hostelworld - Largest online provider of hostel accommodation enjoying rapid growth (June 2017)

Hostelworld - Online disruptor for hostels enjoying strong margin growth (May 2017)

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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