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Highlights
- On The Beach recorded a cash balance of £30.0 million on 31 March 2021 compared to £36.5 million on 30 September 2020.
- For H1 ended 30 June 2021, TT Electronics registered a book to bill of 134%, demonstrating a strong order intake performance.
The UK-based companies demonstrated an increase in business confidence to 36% in August this year, according to a survey result published by the Lloyds Bank. Increasing vaccination rates and easing lockdown restrictions have been pivotal in guiding the business sentiments in the country to a rebound. The rise in business confidence and a recuperating macroeconomic scenario have been instrumental in driving revenues of companies that suffered during the pandemic.
Here we take a look at two FTSE stocks – On The Beach Plc and TT Electronics Plc and explore the investment prospect in them.
On The Beach Group Plc (LON: OTB)
On The Beach is a leading online travel company in the UK. In the past, the company acquired Classic Collection Holidays Limited, a luxury holiday operator, for £20 million.
On The Beach recorded a cash balance of £30.0 million on 31 March 2021 (30 September 2020: £36.5 million). The COVID-19 pandemic severely impacted leisure travel, and thus, the company’s H1 2021 revenue due to net cancellations was £4.4 million, down by 74% year-on-year (H1 2020: £21.4 million). It recorded an adjusted loss before tax of £9.5 million due to a significant reduction in new bookings.
On The Beach shares traded at GBX 366.00, up by 3.83% at 1:03 PM on 1 September 2021. The shares of the company have given a return of 20.00% in the last one year to shareholders, and the market cap stood at £604.53 million.
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TT Electronics Plc (LON:TTG)
TT Electronics is a global company involved in engineering and manufacturing electronics for OEMs in the aerospace, medical, defence, transportation and industrial sectors.
For H1 ended 30 June 2021, TT Electronics registered a book to bill of 134%, demonstrating a strong order intake performance. The company reported a revenue of £235.6 million in H1 2021, up by 12% year-on-year compared to £210.0 million in H1 2020. Its pre-tax profit for the same period increased to £14.1 million, registering a 25% year-on-year increase compared to £11.3 million in H1 2020.
For the half-year period ended 30 June 2021, TT Electronics fixed an interim dividend payout of 1.8 pence per share.
TT Electronics shares traded at GBX 280.50, down slightly by 0.88% at 1:25 PM on 1 September 2021. The shares of the company have given a return of 58.76% in the last one year to shareholders, and the market cap stood at £497.68 million.
