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On The Beach

May 2020

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:
  • 256.5p
The shares have jumped strongly over the month despite a market seeing limited holiday bookings. As I highlighted last month, On The Beach runs an  asset light, flexible, no inventory risk model and has no fixed commitments on hotel rooms or airplane seats. It has reacted to the present situation by reducing marketing to nil and limited all other non-essential costs to reduce its monthly cash burn.  On The Beach has done a stress test: it has a £50m facility, which extends out to 2023 but even if there were close to zero bookings up until the end of March 2021, it would still only need a limited drawdown of the facility.To further reinforce that the business is well placed to weather any storm, On The Beach highligh ...

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On The Beach - Enters long haul beach space (January 2019)
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On the Beach - Gain to date: 111% (July 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.

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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