Updates

On the Beach - Full year profit “at the top end of the range”

November 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.

With Jet2 having already said, “trading is ahead of expectations,” I wasn’t surprised to see On The Beach noting full year pretax profit also “at the top end of the range” and this excellent performance came in a summer dominated by the Rhodes wild fires headlines alongside disruption from airport and air traffic control strikes. Net cash excluding customer balances rose from £64.5m to almost £73m and is forecast to hit a massive £106.9m by FY’25. Encouragingly, EBITDA margins shot up from 14% in H1 to c. 44% in H2 with an average of 30% for the full year, largely due to the heavy investment in marketing falling away to just 27% of sales in the second half. And it’s paid off. The group said Summer ‘23 bookings will be 11% ahead y ...

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Energean

Moonpig

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)

OntheBeach (July 2023)

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

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