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On the Beach

February 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.

  • Epic Code:
  • OTB
  • Price:
  • 173.5p
No surprise to hear OTB’s AGM being told that bookings since Christmas have increased materially, so at this point Total Transaction Value is up 68% versus the equivalent period of FY22, supported by their previous efforts to expand in the premium and long haul segments, as well as their B2B offering. Apples with apples, it’s worth remembering that group TTV growth accelerated from Feb onwards in FY22 so the period had soft comparables but clearly demand is very strong - with Jet2 (JET2; 1254p) also making equally bullish noises. Net cash is £75m. Investec forecasts eps of 11.3p for the year to end September and 13.6p next. The shares have rallied strongly from my main write up in September ‘22 at 121p. Strong hold. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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