Updates

Hostelworld

March 2018

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.

Hostelworld’s pre-close update revealed full year results will be in line with expectations, with analysts raising their forecasts a little too. The group delivered 6% bookings growth for the year, although there was a slow down in H2 to 1% growth, as terrorism impacted.More positively, bookings at its flagship Hostleworld brand rose 13% year-on-year, with 6% growth in H2. Gross average booking value rose 2% on constant currency to Eu11.5.Also encouraging was the increase in mobile bookings from 47% to 54% of the total and this helped drive a reduction in marketing spend. The group again achieved “excellent free cah flow” but no news on another special dividend yet.Peel Hunt has lifted EBITDA forecasts ...

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