Keyword results: OTB

Father Christmas
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ShareProphets Christmas Red Flags At Night Sweepstakes Result

Hold the Boxing Day leftovers Dinner! I have the result of this year’s ShareProphets Red Flags at Night Christmas Sweepstakes – the question was how many dodgy company announcements would be offered up to the market on the no-one-is-watching day of Christmas Eve and this year’s competition was a nail-biter. Worse still, I nearly won – which would never do. We had predictions ranging from as low as 2 (although to be fair it was dripping in cynicism on the grounds that RNS is so “old hat”) from Jules2k6 up to 24 from BlueFrewExile. Here is my summary.

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OTB
OTB

On the Beach Group – “continues to thrive” or trading so “suppressed” it doesn’t want to detail it?...

Previously writing on online beach holiday retailer On the Beach Group (OTB), in July with the shares at 325.5p I was cautious with already the travel market impact duration and disruption having been more than imaginable. The shares last closed at 337.5p but are currently back below the noted July level. Why, with a full-year trading update including recent “stimulated bookings… confidence that there is pent up demand for travel, and positions the business well as we enter 2022… On the Beach continues to thrive”?…

OTB
OTB

On the Beach Group – another placing, when is the international travel recovery?

Previously writing on online beach holiday retailer On the Beach Group (OTB), in November I cautioned despite another laudable update and last month Chris Bailey noted ‘Reality starting to happen On The Beach’. Today the group has announced “successful completion of… non-pre-emptive placing”

WTB
WTB
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I still love Whitbread shares

Naturally you have to think carefully about every share in the travel sector at the moment. Earlier this week I wrote why I thought On The Beach (OTB) was wholly uninvestable HERE. By contrast I still own shares in Carnival (CCLand, as I talked about last month HERE, I will even get back to making a bit of profit on my holding if the shares go up another couple of quid and there was an announcement today that its ‘ultra-luxury cruise line’ brand Seabourn would depart for both the Greek Isles and the Southern Caribbean next month. Certainly there is a bunch of older (and richer) people who look forward to their next trip soon. My top sector holding in the travel and related space though is Whitbread (WTB).

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OTB
OTB
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Reality starting to happen On The Beach

It has been a while since I have actually been on a beach for various reasons, but as for the stock On The Beach (OTB) I have never owned any shares in ‘one of the UK’s leading online retailers of beach holidays’. So well done if you tripled your money in the name between late 2016 and mid-2018…and then shorted your holding all the way back by early last year. Today the shares sit in a halfway house point with the price just north of 350p, giving a market cap of around £550 million. You can guess the basic view of today’s first half numbers to the end of March.

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OTB
OTB

On the Beach Group – another laudable update, But...

Previously writing on self-styled “the UK’s leading online retailer of beach holidays” On the Beach Group (OTB), in April I noted a laudable update but questioned whether the share price response was merited. Today a further trading update – and the shares currently again higher on its back…

OTB
OTB

On the Beach Group – a laudable update… but share price response merited?

Online travel agent group On the Beach (OTB) has made a “COVID-19 and Banking Facilities Update”, including noting “this environment of limited demand and therefore limited revenue” – the shares though, at around 250p, are currently 25%+ higher in response…

OTB
OTB

On the Beach Group – intra-day profit warning, but still argues “resilient”. Is it?...

“COVID-19 Update”, intra-day (2:15pm) from “the UK's leading online retailer for beach holidays”, On the Beach Group (OTB). Uh oh…

OTB
OTB

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

“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…

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

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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