On The Beach (OTB)

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On The Beach OTB Logo

The UK’s leading online retailer for beach holidays.

19-Oct-2017 – 450p – £587m

Trading Update For The 12 Months To End September 2017 – Adjusted PBT is expected to be in linewith the boards expectations here and “the integration of Sunshine.co.uk Limited, acquired in May 2017, has progressed in line with our expectations”. It is worth noting this comment “As stated in the RNS on 2 October 2017, the Group has Scheduled Airline Failure Insurance in place which covers the failure of Monarch Airlines. The Board anticipates that there will be a one-off exceptional cash cost associated with helping customers to organise alternative travel arrangements or providing refunds and will update shareholders further on release of the Preliminary Results”.

On a PER of 20 I’m not much tempted here.

30-Nov-2017 – 399p – £520.4m – PER 18.1

Preliminary Results For The 12 Months To End September 2017 – Headlines with “Strong second half revenue growth drives 33.8% increase in Group adjusted PBT”. Revenue up 17.2% (£83.6m), EPS up 35.4% and the Dividend is up 27.2% (2.8p). It seems in-line and based on current trading in-line expectations remain.

Looks OK here and it’s more so the sector than the actual company putting me off here. That said it seems to weather storms (!!!) reasonably well.

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