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On The Beach - Down but not out - recovery buy

July 2021

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:
  • 326p
As Portugal returned to the Amber list having only been on the Green list for three weeks, the traffic light system has clearly put the Summer 21 get away on hold. OTB had also suspended the sale of packages departing before 1 September so interims reflected this with a pretax loss of  of £9.6m. Net cash fell by £6.5m during this period to £30m and available liquidity stands at £105m. But looking ahead, the general expectation is that most  of the current restrictions will be removed for Winter '21/22 and Summer '22. Layer on higher disposable income and there is significant pent up demand. Numis forecasts a £22.4m loss for the full year but a profit of £27.7m/14.3p next year and &pou ...

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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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