Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Reminds me a little of the start of the move up of RR a few months ago. That said, I think there’ll be a bit of a pullback at this level. Hope I’m wrong!
No updates in brokers forecasts
Momentum building for another 60% and more.
Sign posted the expected very good results back at around 101pence now popped the 160
Simon's purchase of £2M in August was the tell tell sign this was looking strong from inside.
50% up in few days ,nice
All the small dips are being bought into
.."These share purchases satisfy the deferral of 50% of the annual bonus for Executive Directors earned in respect of the Company's financial year ended 30 September 2023, as set out in the Annual Report and Accounts and as required by the Directors' Remuneration Policy..."
They couldn't buy back then, AIUI.
Always reassuring when managers dip into pockets - maiden purchase by FD
No takeover bid with director buys, that would be inside trading (which is illegal)
Yes and i have bought some more ,but i don't expect any bid ,lol
Dipped midday and off again. Looking very good!
From 81p it's looking dandy.
Up and away , wishful thinking Mary, lol
Expecting a bid for OTB before the recovery fully takes hold but will not give it up cheaply.
Thanks Mary. Makes good sense now
Great value around here Tui update boosts the sector also
Wonder if a bid might appear also here if it stays below £3
No reason why this shouldn’t be in the £2s unless a virus hits or something…
I think it should break £2 before Christmas
£2 shortly, heading towards £3 and £4 ... sharply accretive
£3-£4.50
Today, I was at work so could only log on now and then, but after the morning rise it fell back down but the day graph showed no movement for ages was this a glitch?
What are people pricing this at now?
How can revenues be £170m but transactional value hit £1b?
TTV is the total value of the holiday. The revenues recognised / margin is only a portion of the TTV. This is split between the agent and principal as per the OTB accounting policies.
Seems both reasonable, prudent and conservative (not a recommendation). As the recovery continues the ad spend of last year seems to be money well spent
Group booked TTV (‘TTV’) is the total transaction value of holidays booked in the period before cancellations and adjustments.
As an agent, revenue is accounted on a “booked” rather than “travelled” basis (unlike tour operators and airlines)
As a principal, revenue is accounted on a "travelled" basis and reported on a gross basis and the Group is reporting bookings which departed
Revenue from contracts with customers
The Group applied the following key judgements on the agent vs principal status of each segment as well as the number of performance objections in each.
Performance obligations
Revenue in the OTB, International and CPH segments is recognised based on there being a single performance obligation
at the point of booking. This is to arrange and facilitate the customer entering into individual contracts with principal
suppliers providing holiday related services including flights, hotels and transfers. For the OTB, International and CPH
segments, there is not a significant integration service and responsibility for providing the services remains with the
principal suppliers.
Under IFRS 15 for revenue in the CCH segment, a package holiday constitutes the delivery of one distinct performance
obligation which includes flights, accommodation, transfers and other holiday-related services. In formulating this
conclusion, management has determined that it provides a significant integration service to collate all of the elements
within a customer’s specification to produce one integrated package holiday. Management has further analysed the
recognition profile and concluded that under IFRS 15, revenue and corresponding cost of sales should be recognised over the period a customer is on holiday.
Agent vs Principal
Determining whether an entity is acting as a principal or as an agent requires judgement and has a significant effect on the timing and amount (gross or net basis) of revenue by the Group. As an agent, revenue is recognised at the point of
booking on a net basis. As a principal, revenue is recognised on a gross basis over the duration of the holiday.
In accordance with IFRS 15, revenue for the OTB, International and CPH segments is recognised as an agent on the basis
that the performance obligation is to arrange for another entity to provide the goods or services. This assessment has
given consideration that there is no inventory risk and limited discretion in establishing prices. Revenue in the CCH
segment is recognised as a principal on the basis that CCH have the primary responsib
TTV or Total Transaction Value is the term commonly used in the travel industry to mean the gross value of all sales relating to travel services or travel-related arrangements. You may be calling this Total Income. Before you start, you may need to separate income from other services.
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On the Beach said adjusted pre-tax profits came in at £23.6m for the twelve months ended 30 September, well ahead of estimates for PBT of roughly £20.0m, while total transaction value surged 26% to hit £1.0bn for the first time in the company's history.
Had to look up TTV - still a bit hazy ....
Time to value (TTV) is a key indicator of how long it takes new clients to recognize the value of a product or service. In other words, it is the amount of time needed for a customer to derive value from their purchase. This metric is used to determine whether a product or service is worth buying.