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On the Beach - Trading at top end of expectations

October 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
OTB shot ahead after saying pretax profit for the year to end September will be “at the top end of market expectations,” helped by higher interest income. It enjoyed a record summer and Total Transaction Value (TTV) was up 26% for the year to £1.1bn, driven by growth in volumes and average booking values.   Summer 23 passenger numbers were 11% ahead of Summer 22, with Winter 23 currently 26% ahead of the prior year. Bookings for Summer 24 are “significantly ahead.” OTB continues to successfully grow volumes and average booking values in its core ‘value’ mainstream market but Premium 5* TTV grew c.30% and long-haul c.70%.  With its investment in brand normalising, advertising spend for the year has dropped from 53% in H1 to ...

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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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