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There's Gold On the Beach for this Cash-Blessed Son of Macclesfield

Hello Share Servers. Don't you think this dreary winter seems longer than normal? But with Spring not that far away, many folks will be turning their thoughts to booking a holiday in the sun. Peering through shop windows, I’ve noticed high street travel agents, recently so blasted by Covid, are now seeing fuller chairs these days. Which brings me to a company with a name that says it all.

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On the Beach – trading update emphasises “total transaction value” and “bookings”, but what about the bottom-line?

Online travel group On the Beach (OTB) has announced first quarter of its year total transaction value “exceeded the comparative months in FY22”, that “bookings since the Christmas period have materially increased… since the start of the financial year to date is up 68% vs the equivalent period in FY22” and “a strong balance sheet”. So what of a currently up to 183p share price?

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On the Beach (#OTB) – materially increased bookings since Christmas period, with “significantly increased investment”

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On the Beach (#OTB) – FY return to profit, CFO Shaun Morton to succeed founder Simon Cooper as CEO within next 12 months

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On the Beach (#OTB) – FY update and notes “tougher trading conditions at the end of the year”

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On the Beach (#OTB) – following Omicron emergence, sales returned to FY19 levels in January and been increasing since

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On the Beach Group – “continues to thrive” or trading so “suppressed” it doesn’t want to detail it?...

Previously writing on online beach holiday retailer On the Beach Group (OTB), in July with the shares at 325.5p I was cautious with already the travel market impact duration and disruption having been more than imaginable. The shares last closed at 337.5p but are currently back below the noted July level. Why, with a full-year trading update including recent “stimulated bookings… confidence that there is pent up demand for travel, and positions the business well as we enter 2022… On the Beach continues to thrive”?...

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On the Beach (#OTB) – recent trading “provides confidence” though demand remains below pre-pandemic levels

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On the Beach Group – another placing, when is the international travel recovery?

Previously writing on online beach holiday retailer On the Beach Group (OTB), in November I cautioned despite another laudable update and last month Chris Bailey noted ‘Reality starting to happen On The Beach’. Today the group has announced “successful completion of… non-pre-emptive placing”...

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On the Beach (#OTB) – completes £26m placing at 330p per share