Updates

On the Beach - Booking volumes accelerate to +18% in Q3

July 2025

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.

After a slow start, this main write-up from March 23 (at 175p) and New Year Nap for 2024 (at 153p) has taken off, with interims driving a fresh break-out to 280p. Revenues rose 12% to £64.1m while EBITDA and pretax profit increased 19% and 23% to £12m and £7.6m, respectively, in its seasonally weaker (and previously loss-making) half. Validation of the platform’s ability to scale was the 3.5% jump in EBITDA margin to 32%. Net debt was £29.5m, down from £47.3m in H1 24, even after its £25m share buy-back. But what also mesmerised investors was the sequential growth in booking volumes from 7% in Q1 25 to 15% in Q2 and 18% in Q3 so far as its addressable market was expanded by 130 Cities going live (capturing cross-selling s ...

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Forterra

Helios Towers - Tenancies rise nearly 9%

On the Beach - TTV +17% for holidays between March-June (April 2025)

On the Beach - Shares up nearly £1 (February 2025)

OntheBeach (December 2024)

On the Beach - Extremely cheap on ex-cash prospective PE of 5.5 (July 2024)

On the Beach (April 2024)

On the Beach (March 2024)

On the Beach - Full year profit “at the top end of the range” (November 2023)

OntheBeach (July 2023)

On the Beach - Very encouraging meeting with CEO and founder; upgrades likely (March 2023)

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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