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On the Beach - Shares move to seven-month high

January 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:
  • 166.5p
Internet-only travel agent OTB has been a strong market. Although the shares initially fell on its FY22 report, which was also combined with news that after 18 years, founder-CEO Simon Cooper would stand down in six months, they then surged to a seven-month high as the market began to look ahead. Shaun Morton, the finance director, is to succeed Cooper within the next 12 months. The comparisons vs last year are meaningless given the prior year’s disruptions but FY22 results were at the top of consensus. Average booking values grew 31% versus FY19 with more in the mix from long-haul, B2B and premium beach holidays (>£700 per person) whilst there was lower customer volume for price-sensitive value beach holiday customers. This le ...

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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.

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