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Best Research Award 2007

Edison Investment Research, winners of 'Best Research Award'

Travelzest

Date Reports available Download
Jul 25
2008
On track
Robust interims further endorse Travelzest’s innovative travel market strategy of niche product and online distribution, allied with a low-risk, asset-light model. Its prospects remain good owing to the resilience of its customers (mainly empty nesters), its breadth of product and likely gains from dynamic packaging, while the threat from rising fuel and euro costs – the industry bugbear – appears limited. The newly-acquired Canadian luxury cruise retailer should enhance earnings (our forecasts do not reflect this).
Research type: Flash note - Full year results
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1 page note available
Jan 22
2008
Quick pay-off
Travelzest is delivering bumper profits as well as successfully implementing its innovative travel market strategy of niche product and online distribution, allied with a low-risk, asset-light business model. Its prospects remain good thanks to the resilience of its customers (not least in economically buoyant Canada), its breadth of product and potential gains from dynamic packaging. The stock is lowly rated.
Research type: Quarterly Update - Full year results
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4 page note available
Nov 15
2007
Spoilt for choice
Travelzest has identified a strategy suited to a changing travel market and aimed at avoiding the pitfalls suffered by old-style travel groups through its focus on niche product and online distribution, and its low-risk, asset-light business model. Implementation has been rapid with a clutch of acquisitions offering decent earnings visibility which is rare for a holiday business. The stock is inexpensively rated.
Research type: Outlook - Initiation of coverage
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12 page note available
Feb 05
2007
Mouthwatering
Travelzest is making quick work of marrying online distribution with high-margin specialist tour operations. In little more than a year a clutch of niche travel programmes has been assembled while development of the Group’s popular holiday portals now offers exciting prospects for customer conversion and cross-selling. In the meantime initial full-year financial targets have been met and senior management hired. So far, so good is the Edison opinion.
Research type: Company Comment - Full year results
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2 page note available
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Peter Knowles
Director, Fyshe Horton Finney