Primary Recommendations

On the Beach - Prospective PE of 9.3, then 6.6 belies massive TAM opportunity of 50m passengers

September 2026

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.

Shares in On the Beach (OTB) stand roughly £1 below their 52-week highs near 297p, but the chart has recently traced out a textbook rounded bottom and is showing clear signs of moving up in a classic breakout structure. You can easily see why buyers are starting to take notice: it seamlessly combines a sticky consumer platform (Great Story), double-digit EPS expansion on a single-digit PE (Great Growth), and a clean recovery chart trading above key trendlines (Great Chart). Last year, a combination of holidaymakers booking later than usual and the war across the Middle East spooked travellers, clipping EPS to an expected 10.8p. But based on Peel Hunt’s forecasts for earnings to bounce back to 20.2p per share in the financial year ...

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Playtech - Gaming technology operator enjoys 46% EBITDA upgrade since last summer

On the Beach - Over the worst and on dirt cheap prospective PE of c 7x (July 2026)

On the Beach (November 2025)

On the Beach - Booking volumes accelerate to +18% in Q3 (July 2025)

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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