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Hostelword

November 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

A number of one-off factors, notably a change in revenue recognition following the introduction of its “free cancellation” of rooms option, saw shares in Hostelworld, the online booking platform for hostels, fall after it announced soft interim results.For the six months ended 30 June, revenue decreased 9% to Eu42.6m and EBITDA fell 24% to Eu9.8m. Analysts note that this was mainly due to its cancellation option, which started end April in Europe (worldwide from July) and meant Eu4.2m of revenues were prudently deferred. Prior to deferral and at constant FX, revenue grew by 6% and EBITDA 9%; post deferral growth was minus 3% and minus 18%, respectively.Key aspects of its economic model are pointing in the right di ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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Hostelword

November 2018

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