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Hostelworld – updates including its net cash… but what about its bills?

By Steve Moore | Thursday 15 October 2020

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Previously on hostel-focused online booking group Hostelworld (HSW), in August I wrote “pleased to announce” half-year results… it sure? – concluding at a current 62p share price, a still more than £70 million market cap, I currently avoid. The shares last closed at 54.1p, and today a “Trading update”…

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