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The trading update is very good..expect a move towards 200p over the next month
excellent trading update dropping tomorrow not sure the toxic market has raised the price enough to drop 20% on increased revenue and profits expected year end results. lse market is a dead beats std ridden ****erel
A dealing note has just arrived for my buy order today
I also followed his purchase ..
We live in interesting times. This is an enterprise with an open short position against it. The share price is pretty close to all time lows. The UK economy is not exactly oojah-cum-spiff at the moment and the majority of the population is facing a cost of living crisis. Better chuck a little more at things and review in a couple of weeks
Quite simply would not have bought prior to a trading update unless it's good news...otherwise he would be an idiot...so yes with that plus Jet2 news of strong bookings, dismal weather in UK over summer and a low share price and a short that needs to cover...this is indeed now very very interesting
JET2 is helping today
Because the FY ends on 30 Sept but it takes a while to pull the results together for stock market reporting purposes/ standards.
Last year, they gave a preliminary results report late Oct and the formal results in midNov.
So anything earlier is just ‘guidance’, sometimes also done if they expect outcome to be more than 10% away from anything they’ve previously ‘ guided’.
AIUI
Why an early update when period ends 30th September
KP15121.. well you’re right about the 50SMA.. once again this share has bumped down off the 50SMA.. I give up with this share I really do on the beach more like on the down.. so frustrating!
KP15121, this is a very thinly traded equity with minimal broker research. While technical analysis may have some influence on large cap, its benefit on those at the bottom of the scale is reduced.
Tiny enterprises revolve around news and technical analysis is pretty well irrelevent. This is not a holding for widows and orphans.
The fifth attempt (since 22/02/2023) to break above the 50-day Simple Moving Average is underway. All previous four attempts failed spectacularly, leading to much lower prices each time. OTB has earned a special place in my investment memoirs as I have never sustained so many losses before on any position. However, I’m stubbornly positive on medium and long term...
Now it seems that there are enough buyers for the fight to remain above the moving average. The latest retreat to confirm the 50d SMA’s support level is a welcoming share-price behavior to me. But (and this “but” comes with a sigh), my confidence on this stock is so shattered that I began to question my analytical skills.
So I’m turning to you, ...I would like to know what you think. Will it hold the line? I believe it will, but this could turn out to be just a wishful thinking (again). I would like to understand what I’m getting sooo wrong with this one, ...I’m definitely missing something here!
It is usual for a RNS statement to be issued for such event. Shares might be held in treasury or cancelled.
At the last OTB's Annual General Meeting (held on 27/01/2023, results published on 30/01/2023), the Resolution #18 ("to authorize the purchase of own shares") was approved by 97,58%.
The software I'm using for stocks' analysis, still shows a value of zero at the Treasury Account of the Balance Sheet. But I guess it's based on the semi-annual financial statements (published on the 16th of May 2023)
Does anyone know if the company has initiated (since 16/05/2023) this shares' buyback program?
Needless to say, ...any help would be highly appreciated!
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Their short exposure is reduced.
results will be good but no chance there of any repeat business sell on results 140+ next year will be ****take mushroom time
Think the demand has been underestimated...also the fires made it look ropey but the impact seems limited
Just looking at WorldQuants recent shorting history here and the sp graphs over this period.
(Above 0.5% starting early june 23 and peaks at 1.2% approx mid july...currently reducing at 0.9%. (all v approx))
I'm no shorting expert and neither do i follow here closely but it seem to me to be a fairly swift and concerted foray for what seems like not a huge sp movement, indeed the price spikes mid june 23. They no doubt made some £ but i'm not sure this is what they had in mind.
Plus they still have a lot shorted and seem to be exiting now. Is this a case of bad timing with the founder purchases or maybe his good fortune..?
Something seems odd and happy to be educated...
Frankly this is trading at a ridiculous price...it's got little to no debt, very few fixed overheads, sky high travel demand, even Michael Burry is buying travel stocks, the founder just lumped in another 2.5m...the short was mis placed and is closing, I think this is now the best double your money in 12 months punt in the market
Price has held up quite well today after the rise and the general market.
It is not in the interest of the analysts that publishes information to call things incorrectly. After all, it is their decisions that influence fund and pension managers.
Anything is possible I guess.
Back in May Peel Hunt reduced their target from 500p to 300p. Is 300p or even 500p still achievable?
Ah ok.. H123 v H1.22
Adjusted Revenue after marketing costs* £m 22.6 17.3 31% increase
Adjusted Revenue* £m 48.5 36.7 32% increase
Online /Offline Marketing costs £m
H1/23
(12.5) / (13.4) - total (25.9)
H2/22
(11.1) / (8.3) - total ( 19.4) up 33.5%
Online marketing spend represented 31% of adjusted revenue compared to 33% in FY19. It is our expectation that as we continue to invest in the brand, online marketing costs will become more efficient as more traffic is attracted through brand and direct channels, reducing reliance on non-brand PPC.
Back to precovid levels -the low 2021 FY was a covid dip
Ah ok
Adjusted Revenue*
48.536.7
32%
Online Marketing costs
(12.5)
(11.1)
Offline Marketing costs
(13.4)
(8.3)