I agree with your most of the views.
They cash in book but diluting the equity at every small opportunity is became passion for them and in media interaction they say this very proudly that its not a cash transaction just equity swap.
They are disturbing the good business and investing in these penny companies which may not give profit in the life time.
This award has nothing to do with the company numbers. As long as there is no significant jump in numbers/margins price will move up & down only.
So sir, need to look at other hospitality and travel sector players. As the sector is prospective, your take please, Thank you.
I happened to read about OTA recent time following is my notes on my learning.
They want to improve the cash flows of corporate clients but what about easemytrip cash flows? FY23 has -ve cash from operations, this kind of initiatives will boost the receivables.
Management moves are seems to be risky
Paid 19 times sales, extremly high…
Yes, At least this time they have disclosed the valuations indirectly or by mistakenly.
We don’t have any clue about previous acquisition’s valuations.
I am looking for good exit opportunity .
Me too. This is risky
for a company which is
99% dependent on service fees charged from customers, and all revenue only from Airlines
Losing market share the moment they started charging service fees
Easemytrip will have disastrous Q4 results, would be losing market share.
Zero convience fee facility is still there, what they told in last con call is that they have stopped applying that promo code by default for every booking, but as I see now it’s getting applied automatically.
I agree with your indigo booking comments, indigo has reduced the convience fee and also booking in their web/app is much better cost than OTA’s.
All these unnecessary capital allocation policies are making institutional investors to stay away from this counter, in the meantime MMT zooming after becoming profitable.
They already lost control on the core business
New to this business, wanted to understand the sanctity of discounts given to the customers.
If say a hotel is Rs. 1000 / night, and OTA is making it available at 700 / night>>> then does the OTA bear the difference of 300? If so, what is the working capital cycle around it for the OTA?
