Updates

Hostelworld

May 2019

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.

Hostelworld, which was established 20 years ago as an online supplier of hostel accommodation, has reported 2018 results. As anticipated these reflected the softer booking trend between May and August due to a headwind from currency and hot weather throughout Europe, which reduced travel to high value European destinations. At the same time it was also the first year to include the introduction of its free cancellation policy, which resulted in volume growth but Hostelworld has to wait until the customer has stayed at the hostel before it books the revenue (€2.9m of deferred revenue).With all that washing through, Hostelworld ended up recording a pretax profit of €18.3m (eps of 17.5 cents) on sales of €82.1m for 2018 ...

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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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