Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Https://simplywall.st/stocks/gb/consumer-services/lse-otb/on-the-beach-group-shares
Game changer for OTB. Derisks the company. Only started the direct connection. Last month or so - not seen positive impacts yet so not changed interims. Will be interesting to see how effects OTB end of year. Expect likelihood it has a positive impact rather than negative one. IMO
KP thanks for being transparent... Hard one to read when looking at the past 12 month historicals. I'd bought and sold previously at under £1 lows after giving in and attempting to average down as OTB share price just kept falling to a seemingly ridiculous level. Read it right for once for a nice return, but not without some worry and nail biting... OTB can turn quickly and surprisingly constant on the ups. Who said there's no manipulation???
Analysts are very positive. Valuations are much higher and accounts are in good shape... Even Alessandro's deramping with a requirement for £20M PBT is expected to be smashed (based on OTB Board's repeated confidence). So not sure what I am missing. Few shares get strong Value, Health, Past, Future, agile and asset light, and now has re-instated dividend... How does a snowflake analysis look like for On The Beach now?
And I also agree that premium market and long haul (more expensive trips) will always be better to the bottom line and improved profit margins for company model like OTB vs 3* low cost bookings. That's not a negative but a positive for On The Beach.
Interestingly the H1 accounts make reference to Ryanair as the biggest Company risk... So with that out of the way should be plain sailing and all down to execution now.
Also as researching further - good to see positive Trustpilot reviews in the main and a good constant flow of reviews that back robust customer #.
Does seem quite undervalued and not sure why the SP has fallen so much in this week alone. While I hear the opinions that may be better to wait as SP could go to 120s... but I'd be surprised if any lower considering future value. Bought in a first tranche and will see.
Started to look into this company as financials seem sound. I was looking for the same!
End of 2023 they didn't have any debt and £75M cash! So interim H1 can see they've drawn down on bank loans £55M but that's to support a very busy Summer - where they have £200M in ringfenced trust account. And usual practice similar to prior years.
Wonder what kind of interest they'll be getting on the Trust finds! I mean say 4% over 4-6months will be around £3-4M pure profit... Then add in and compare trade receivables vs payable plus cash etc. Company is looking in very good shape!
Marketing costs are flat and according to H1 report costs heavily loaded for H1 so lower in H2... Board is confident of meeting consensus PBT which is £30M...
Last years tax around £2.3M so say even at 50% up would be around £3.4M. Dividend policy 25% of profit after tax be mean total of about 4p! So 3p final div and nearly 3% current price... 1st year div back will bring on board income investors.
And if you do the math - then expect £90-£100M in cash alone with ZERO debt by end of year. I guess that's what you call a "cash machine"! [Minus any divs and expect special divs or share buy backs]
Current MCAP of £225 I'd crazy - take away cash at end of year and considering repeated confidence in meeting consensus PBT then this company will have made profits to match MCAP minus cash within around 4 years (or less if current trajectory continues!!).
Madness.
Alessandro please explain how you read the accounts as I don't understand your continued references to so called marketing costs before or after profit/accounts... Marketing costs are under prior years yet business is on the rise.
Yeah GM has completely failed NCYT...??? Really - erm what was the revenue, profit, cash in bank and EBITDA during 2019 vs now? I am not a LTH of NCYT as only bought in 1st time unfortunately mid-July... So I cant even speak. But I plan to be a LTH and what GM has achieved in the last 12-18 months is something I think few CEOs could say the same.
Hmm... Strange for a company going down the drain, about to lose Q4 revenue / profit... Someone has been confident enough to stump up quarter million pounds on some shares!!!
12-Apr-21 15:11:35 415.00 54,691 Buy* 226.97k O
Have SP angel also issued a broker note. Can anyone share Numis too?
Have to say less interested in the ODDO... Unless more than 1 pager with a real deep dive into the technicals and fundamentals.
Hi. Can someone help explain - how is there a profit warning or reduction in 'expected sales or profit'... Where on 29th Jan and evn on Friday NCYt has never announced any expected tragets they would be hitting for financial year 2021???
Very confusing!
Key with Novacyt is PRICING POWER plus the huge amount of cash in bank... In comparison to competitors. With such a high 80% EBITDA margin, this give an ability to cut prices quite easily vs new competition. As long as they have the product - which is why all the R&D and new product announcements are key. So what happens if they discount at even 10-20%... As likely will result in more sales that balance out in longer term. This derisks company in my mind. Yes the UK Gov have messed around yet again (no wonder ODX Colin King issues the RNS on the DHSC contract the way he did...). It seems UK Gov is getting a reputation for it!
Under valued. Was undervalued at £7 even without an extension. Even more under valued now. If SP falls further next week I'll be doubling up holdings for sure. Horrible chainsaw cutting RNS but also amazing top up / buy in oppportunity for LTH. £300 MCAP at mo. Lots of talk about the cash in hand but what about overall NET ASSETS. Check half-yr 2020 report and there was alot of INVENTORY too. GOODWILL 2020 amd pre-2020 was £15M alone. Fundamentals will show through in the end. I'm with Porky!!