Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Donkey, never hurts to trim a bit after a stellar rise of almost 100 off the lows. Pause to refresh. Trim to lock in a lowered risk.
Aless, certainly tempting to readd back a few but still no hurry but 130p looks good level from 178p. Normally 150p would have Ttriggered me to push buy already but gaps lower to be hit.
"Thanks Alessandro and Mary having read your posts you have persuaded me to sell up...NOT."
Thanks Alas, your comments make sense. Most of my investments are in funds and left alone. Self manage most of ISA holdings, including OTB. Alessandro maybe right with predictions, time will tell. Trying to time the market rarely works for me, prefer to buy quality and hold. Can always top up if they fall back. Have to remember too OTB is on AIM which is where the traders make hay.
*120-140p
Drop set to continue. 120-120p possible in coming weeks
I don't know if it helps, Donkeyeeyore, as an old lag in this game, and commenting only for myself, over time a portfolio develops. A general dealing account has a different perspective than an ISA and a SIPP has a different perspective from both. Throw in a trust or two and although when looked at in aggregation although it is a portfolio, each a threshold has passed (let's say £250,000 per account) individual components could be a portfolio on its own merit.
Tax is also a consideration. Investors SHOULD use the allowances to the maximum advantage for assets that are not otherwise sheltered. And for me, as I wish to sell our main house this year and move to our 2nd home, any assets sold in the next tax year are likely to be those that have performed worst to ADD to losses declared in previous years to mitigate CGT on 2nd homes.
Investing is not a race, profits can only be banked when a share is sold - ditto losses. This is not a dividend payer so holders will want to add to and dispose of shares to suit their circumstances.
Donkeyeeyore lol each their own. At the moment is that the company is priced just short of £300mln, with PBT of about £30mln (£25mln after tax), and that is an adjusted figure. We are in an extremely favorable period for holiday bookings.
I am sure if OTB can maintain revenue and improve margins, when interest rates will start to come down it will take off. I will reassess and reconsider in the coming weeks.
Thanks Alessandro and Mary having read your posts you have persuaded me to sell up...NOT.
I agree I will buy back in at 120-130 if we ever will be back to those levels. I have little doubt we will.
Tend to agree. Have a nice low average cost on this one and trimed at over 178 a week before Christmas. Not in any hurry to rebuy until is goes around £1.30 but this seems settled a these higher levels.
Mary - my prediction (which can be wrong oc) is that the £2 mark will be hit if OTB can reproduce the same PBT next year. It can go as far as £3 to £4/share if they can surpass the £30mln PBT. This is an extraordinary period for holiday bookings, hardly we will see the same tailwind next year, hence it will be key for OTB to demonstrate repeat revenue and PBT.
Beach holiday retailer On the Beach said its financial year began with a "record forward order book and significant momentum".
It cites company-compiled market consensus as adjusted pretax profit of GBP30.0 million for the financial year ending September 30.
Following its best ever summer, the Group began FY24 with a record forward order book and significant momentum. This has continued into the peak booking period with FY24 TTV1 27% ahead of the equivalent period in FY23.
On the Beach continues to invest in its proposition, brand and platform to differentiate its offer, powering year on year growth across core and expansion areas, with B2C 3*, 5* and long haul each delivering year to date growth. B2C 3* TTV is +8%, B2C 5* TTV is +41% and B2C long haul TTV is +86% versus the equivalent period in FY23.,
Chief Executive of On the Beach Group plc, commented:
"I am pleased to report that the momentum we experienced throughout last year has continued into this new financial year, with significant TTV growth across our core and expansion areas. We believe this is due to a combination of realising our investments across our proprietary platform, brand and customer proposition and consumers continuing to prioritise holidays, viewing it as non-discretionary expenditure.
"Winter '23 TTV is currently 34% ahead of the prior year and current trends continue to give the Board confidence that Summer '24 will be significantly ahead of Summer '23."
As long as they sell loads of holidays I ain’t too boverrd!!
Alas, lol, "bucket and spade brigade". I agree on the ads, terrible way to advertise premium holiday packages.
Yesterday, I sold some shares in OTB to bank profits. I placed the proceeds in GROW to strengthen my holding. My decision was in part influenced by hearing a radio advertisement published by OTB that seemed rather colloquial and targetted at the bucket and spade brigade.
Pretty sure that segment provides turnover whereas long haul provides profits. Shame that received pronunciation is in decline..
The FTSE and both the broader UK and European markets are in the doldrums whereas the US is striding ahead. The majority of the gains have been in technology and healthcare with most other sectors basically directionless and heading sideways.
My gut feeling is that for Europe there is the worry about Ukraine and further escalation of the war to include nuclear devices. This is made worse with the very real (and awful) prospect that Mr Trump is re-elected.
Past strategy has been to sweat things out. I’m sitting on a little cash (1%) thrown off from dividends over the last quarter but I think I want to conserve cash for opportunities that may arise in the lazy summer months rather than putting it to work now.
Interesting comment from CEO of WOSG this morning: "The festive period was particularly volatile this year for the luxury sector, with consumers allocating spend to other categories such as fashion, beauty, hospitality and travel."
Hi Donkeyeeyore, I am long. As long as people like and travel with OTB I am happy.
On a different note, why OTB goes for chavvy adverts? OTB is targeting a more premium holiday offering, most people going on holiday want to get away from the typical family in their advert.
I agree .. this is looking good
Ru short Alessandro?
Last January on the 27/1/23 to be precise, they gave a trading update.
I am hoping they will do the same this year, as this should give the SP a boost, because in the last update in December, they said growth was up 26% in the first couple of months of the new financial year compared to the previous year, and that forward sales were at record levels. Fingers crossed.
I hope this slow sliding is not the prelude to a more pronounced drop
I added more last week now in my top 5 holdings..
Looks as if my order has been dealt this week as I add on weakness. Currently enjoying my annual pilgrimmage to the ski slopes.
Gazzboo, hopefully you will NOT take any advice, however well meaning from unknown persons on a bullettin board. Alessandro feels that the share price has got away with itself (actually, I too feel that the rise has been rather brisk) and that an entry point may be at a lower price than today.
And while 500p in the short (9 months - 1 year) and medium term (2-3 years) may seem a little fanciful, I am expecting that the share price will tip over the 200p mark over the next quarter and perhaps even have a bit of breath to the 230p area.
January is usually a month when fresh capital is put to work on markets world wide. The first few days tend to be atypical of the month as a whole. Many investors will have taken the last few days to examine their holdings and make adjustments. Never wrong to bank a profit, of course, but until a holding is sold, paper profits and losses are simple ledger balances for an account.