Home » VectorVest » Reiterate Buy On The Beach (OTB) says VectorVest – Fundamental and technical position continues to improve

Reiterate Buy On The Beach (OTB) says VectorVest – Fundamental and technical position continues to improve

VVUKlogoOn The Beach Group (OTB.L) is an online retailer of short-haul beach holidays. The company markets the On the Beach brand to the UK, and the International segment, which includes Sweden activity through Swedish Website (eBeach.se). It offers packaged holidays with options to book single element products, such as flights or hotels. Its technology platform enables customers to package the constituent components of their holiday, including flights and hotels, and transfers to customize holidays from flight and hotel combinations.
Its search facility connects customers to suppliers of travel products. Each travel product is booked separately. The Company is independent from airlines and hotels, so that it offers customers a range of flight and hotel products bookable through online channels, including desktop, mobiles, tablets, and applications and over the phone.

On The Beach Group (OTB.L) was mentioned favourably here on December 13th. Link here to view that article. Although the share hasn’t seen the high percentage moves of a Sopheon or a Victoria both the technical and the fundamental position have improved. The chart is shown below, the share is undervalued and growing earnings strongly.

Since December 13th OTB has pulled back and kissed the high made in August 2016 and is now pushing northwards at the 2017 high. The 52 week high is at 300 and above this level OTB can break strongly towards 400p which is the VectorVest valuation.

Although OTB hasn’t done much since the initial blog entry, the technical and fundamental position has improved and the shares look bound much higher.

OTB should be considered by aggressive investors only as the relative safety (RS) of both below 1 on a scale between 0 and 2. Risk management is important in all financial trading but is especially important in low RS counters.

David Paul

February 28th 2017

Readers can examine trading opportunities on OTB and a host of other similar stocks for a single payment of £5.95. This gives access to the VectorVest Risk Free 5-week trial, where members enjoy unlimited access to VectorVest UK & U.S., plus VectorVest University for on-demand strategies and training. Link here to view.

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European Financial Publishing Limited T/A VectorVest UK (VectorVest) is authorised and regulated by the Financial Conduct Authority under register number 543038. You should remember that the value of investments and the income derived therefrom may fall as well as rise and you may not get back the amount that you invest. Past performance is not a reliable guide to the future. This material is directed only at persons in the UK and is not an offer or invitation to buy or sell securities. If investors are in any doubt of the suitability of an investment given their individual circumstances, they are recommended to contact an investment manager or independent financial adviser who may be able to provide tailored advice. Opinions expressed whether in general or both on the performance of individual securities and in a wider economic context represent the views of VectorVest at the time of preparation. They are subject to change and should not be interpreted as investment advice. VectorVest and connected companies, clients, directors, employees and other associates, may have a position in any security, or related financial instrument, issued by a company or organisation mentioned on this site. European Financial Publishing Limited is a company incorporated in Scotland under Company Number SC357322 with its registered address at Exchange Tower, 19 Canning Street, Edinburgh EH3 8EH. Email: support@VectorVest.com

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