On The Beach Group (OTB)

Sector:

Tourism and Leisure Services

Index:

FTSE Small Cap

192.80p
   
  • Change Today:
      7.80p
  • 52 Week High: 499.40p
  • 52 Week Low: 140.00p
  • Currency: UK Pounds
  • Shares Issued: 131.22m
  • Volume: 412,833
  • Market Cap: £252.99m

On the Beach capitalises on Thomas Cook collapse

By Sean Farrell

Date: Thursday 06 Feb 2020

LONDON (ShareCast) - (Sharecast News) - On the Beach said its sales rose strongly as the online holiday retailer sought to capitalise on the collapse of Thomas Cook.

Reporting on the first four months of its financial year, the company said it had more than doubled its spending on offline marketing while keeping prices low to nab market share in the absence of Thomas Cook.

On the Beach said Thomas Cook's failure had reduced capacity in the market, causing big increases in airline seat prices. Delays to Boeing's 737 Max returning to service have added to the upward pressure on prices, it said.

The company said despite higher prices its move to capture market share had helped drive strong sales growth for summer 2020 departures. On the Beach shares rose 4.7% to 424.19p at 1323 GMT.

Chief executive Simon Cooper said: "The actions we have taken in the first four months of the new financial year have accelerated our market share gain and mean we are well prepared to take advantage of capacity returning into the market. Our incremental investment into offline marketing activity is helping to drive significant growth in awareness of the brand nationally."

Thomas Cook went bust in September, leaving about 600,000 holidaymakers stranded. The collapse of one of Europe's biggest sellers of package holidays left a hole in the market that its former rivals are trying to fill.

On the Beach is rolling out its Classic Package holiday portal for travel agents to catch some of the five million beach holidays booked offline each year. At the end of January more than 2,300 agents had signed up.

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OTB Market Data

Currency UK Pounds
Share Price 192.80p
Change Today 7.80p
% Change 4.22 %
52 Week High 499.40p
52 Week Low 140.00p
Volume 412,833
Shares Issued 131.22m
Market Cap £252.99m

OTB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
84.87% below the market average84.87% below the market average84.87% below the market average84.87% below the market average84.87% below the market average
88.73% below the sector average88.73% below the sector average88.73% below the sector average88.73% below the sector average88.73% below the sector average
Price Trend
67.91% below the market average67.91% below the market average67.91% below the market average67.91% below the market average67.91% below the market average
25.33% below the sector average25.33% below the sector average25.33% below the sector average25.33% below the sector average25.33% below the sector average
Income
78.07% below the market average78.07% below the market average78.07% below the market average78.07% below the market average78.07% below the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Growth
21.58% above the market average21.58% above the market average21.58% above the market average21.58% above the market average21.58% above the market average
85.92% above the sector average85.92% above the sector average85.92% above the sector average85.92% above the sector average85.92% above the sector average

What The Brokers Say

Strong Buy 7
Buy 0
Neutral 0
Sell 0
Strong Sell 1
Total 8
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 03-Apr-2020

Time Volume / Share Price
16:35 17,077 @ 192.80p
16:29 189 @ 190.40p
16:29 12 @ 188.40p
16:29 16 @ 190.40p
16:29 877 @ 188.80p

OTB Key Personnel

CEO Simon Cooper

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