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On The Beach

June 2022

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:
  • 197p
OTB is tailor made for current markets as consumers return to leisure activities, buying new clothes and holidays and Spain, which is a key OTB destination, has just reopened. Yet the shares trade on a prospective PE of 10.4, less than half its pre-Covid multiple. In H1, which was reported this month, it said things were obviously disrupted by Covid; actual sales were £51.9m, down 17% on FY19. But for the first time OTB provided some data on bookings and said that on this basis, ‘sales’ (whether travelled or not) were £386m, up 6% on FY19 levels. Summer sales are 22% ahead of pre-Covid FY19 levels and are now 33% ahead in the last 8 weeks. OTB has been investing in the brand as it looks to take market share and ended the period with £17m ...

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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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