Hostel to fortune | Assessing options | 7% dividend yield
Our coverage here includes a review of a full year trading update from a specialist online travel agent. The valuation and cash flow look appealing, but top line growth continues to be a struggle; are things about to change for the better? We also assess updates from two high-yielding fund managers, with one being significantly better-placed than the other. Read on here for our thoughts on his and other news from the small cap world
Hostelworld: on the up? Hostelworld Group (HSW), the social network powered Online Travel Agent ("OTA"), primarily focused on travellers staying in hostels around the world, issued a reassuring, if relatively underwhelming, full year trading update, although things appear to be moving in the right direction. Speak to any traveller staying in hostels and they will almost definitely be aware of this business and, more than likely speak highly of its offering. Unfortunately, that popularity hasn’t translated into a decent stock market performance, but are things about to change? A stronger second half of its financial year to the end of…