Market's view on Ten Life
Published on April 2024
- Ten Lifestyle Group PLC has maintained a 100% contract retention rate and gained a new contract in the EMEA region.
- The company also reported securing several contract wins and renewals in EMEA.
- Ten Lifestyle Group PLC disclosed a new contract win in the Americas.
- There was a notable instance of director/PDMR shareholding reported.
- Institutional holdings in the company have increased.
- Comments on the operational side noted delays in response times due to high demand in booking holidays through Ten.
- Financial performance insights highlighted that net revenue fell slightly by 3.5% to £44.2m, with a corporate revenue increase of 1.6% but a significant drop in supplier revenue by 40.3%, largely due to the impact of COVID-19 on travel.
- Stock watchers commented on recent directors’ share purchases, suggesting confidence in the company’s future.
- Ten Lifestyle Group’s half-year financial results were positive with revenues of £21.5m, a 24% increase year-on-year. Growth in North America was particularly strong at 35%, with £13m in cash reserves. The company has developed a unique online platform, rolled out to major clients including Visa, HSBC, and Mastercard, indicating an edge over competition.
- There was also a mention of a director selling shares, coinciding with an external purchase of 5.82% of the company.
- Speculation about the stock price potentially reaching over 70p in the next two trading days.
- Mention of a new payment system initiative, Initiative Q, created by former PayPal employees, which aims to replace traditional payment cards.