On The Beach Group (OTB)

Sector:

Tourism and Leisure Services

Index:

FTSE Small Cap

258.50p
   
  • Change Today:
      1.00p
  • 52 Week High: 499.40
  • 52 Week Low: 140.00
  • Currency: UK Pounds
  • Shares Issued: 131.22m
  • Volume: 2,658,326
  • Market Cap: £339.20m

On the Beach warns on profits as weaker pound pushes up prices

By Michele Maatouk

Date: Friday 09 Aug 2019

LONDON (ShareCast) - (Sharecast News) - On the Beach warned on profits on Friday, pinning the blame on a weaker pound amid rising risks of a no-deal Brexit.


The online travel agent, which adjusts prices to account for currency movements rather than hedging against them, said its prices had risen significantly versus full risk competitors with currency hedges.

"As OTB remains focused on profitable growth, these relative price increases make it difficult for the group to gain share of market while maintaining margins," it said.

As a result, it now expects to deliver full-year results below the board's expectations.

Chief executive Simon Cooper said: "In what is a difficult general economic climate, we remain confident in the resilience and flexibility of our business model, focusing on profitable growth and an ability to capitalise on any structural changes in the market.

"In FY19 we have invested significantly in our infrastructure, talent and technology to ensure that we build strong foundations to support our strategic objectives."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

OTB Market Data

Currency UK Pounds
Share Price 258.50p
Change Today 1.00p
% Change 0.39 %
52 Week High 499.40
52 Week Low 140.00
Volume 2,658,326
Shares Issued 131.22m
Market Cap £339.20m

OTB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.88% below the market average90.88% below the market average90.88% below the market average90.88% below the market average90.88% below the market average
94.29% below the sector average94.29% below the sector average94.29% below the sector average94.29% below the sector average94.29% below the sector average
Price Trend
62.02% below the market average62.02% below the market average62.02% below the market average62.02% below the market average62.02% below the market average
12.33% below the sector average12.33% below the sector average12.33% below the sector average12.33% below the sector average12.33% below the sector average
Income
80.53% below the market average80.53% below the market average80.53% below the market average80.53% below the market average80.53% below the market average
63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average
Growth
24.62% above the market average24.62% above the market average24.62% above the market average24.62% above the market average24.62% above the market average
82.86% above the sector average82.86% above the sector average82.86% above the sector average82.86% above the sector average82.86% above the sector average

What The Brokers Say

Strong Buy 9
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 9
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

OTB Dividends

  Latest Previous
  Final Interim
Ex-Div 09-Jan-20 30-May-19
Paid 13-Feb-20 28-Jun-19
Amount 2.00p 1.30p

Trades for 22-May-2020

Time Volume / Share Price
17:08 8,685 @ 258.50p
17:07 2,000 @ 258.50p
16:37 90,000 @ 260.00p
16:36 100,000 @ 260.00p
16:35 57,638 @ 258.50p

OTB Key Personnel

CEO Simon Cooper

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