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On the Beach Group – after we noted less than 2 months ago, ‘Top broker predicts THREE profits warnings, lashes poor quality of City analysis’…

2019-08-09 14:08:22

“Trading Update” from On the Beach Group (OTB), “the UK's leading online retailer for beach holidays”. This following the company reckoning in May “the resilient and flexible nature of our business model allows us to focus on profitable growth and gives us confidence in the group's outlook” but we reporting the following month, with the shares then at 460p, that a Top broker predicts THREE profits warnings, lashes poor quality of City analysis. And now…

NEWSFLOW ARTICLE

On The Beach: Top broker predicts THREE profits warnings, lashes poor quality of City analysis

2019-06-11 09:02:45

In a private email to key clients a top broker has today suggested that, £600 million capitalised (at 460p),  On The Beach (OTB) will have served up THREE profits warnings by early 2021 and that the shares are worth 300p, tops. I have obtained that email which is below:

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