Priceline Q1 disappoints. great opportunity ahead

12-MAY-17

On Tuesday The Priceline Group Reported Financial Results for 1st Quarter 2017, which were a mixed bag but ultimately lower than the market was expecting. The share closed down 4.5% on the day. Priceline is another one of those huge companies that most people have never heard of. The current market cap is just short of $90 billion, about the size of Ghana and Tanzania combined. That is a large company whose investors have high expectations, currently trading on a P/E of 42 but if all goes according to plan trades on a forward P/E of 21.


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Priceline 4Q & FY numbers - still strong growth

01-MAR-17

Priceline presented numbers for their fourth quarter and full year to end December, close of business Monday. For the full year, the group had gross travel bookings (total dollar value, generally inclusive of all taxes and fees, of all travel services purchased by its customers, net of cancellations) of 68.1 billion Dollars, 23.1 percent better than the prior year. Gross profit was 10.3 billion Dollars, 20 percent better than the year prior. Non-GAAP income grew 23 percent to 3.3 billion Dollars, per diluted share, non-GAAP net income was 65.63 Dollars. Yes, per share, there are only 49 million odd shares (13 million too in treasury, what!!) in issue.


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Priceline 3Q numbers - strong listing growth

08-NOV-16

Priceline reported numbers after hours. The company operates in the travel space. The investment thesis is simple, more people are going to use more online platforms to fulfil their experiences (which beats "things" in the modern era), and this business operates multiple websites and apps to facilitate that. Priceline operate and own the brands Booking.com, priceline.com, KAYAK, agoda.com, rentalcars.com, and OpenTable.


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Priceline redline 2Q numbers

09-AUG-16

At the beginning of the last financial year, 1 April 2015, the website synonymous with online booking, Booking.com (parent company and listed entity Priceline.com), had 670,000 places to visit. On August the 5th, 16 months later, the company announced that they had Added Its One-Millionth Property in Nantucket, Massachusetts. Of those, as you can see from the release, there are 23 million bookable rooms around the globe, with 7.2 million of those being homes, apartments and villas. Half of the total properties are NOT hotels, which in a sense allays many peoples fears that Airbnb will eat their lunch. They are all eating the same lunch. Besides, the biggest listed competitor in its space is Expedia, which is only 11.6 percent the size of Priceline.com.


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Priceline 1Q numbers - guidence lower

10-MAY-16

Priceline has recently been in the news for the wrong reasons, the CEO resigned a couple of weeks ago after admitting to having an affair with an employee of the business. An improper relationship led to Chairman Jeffery H. Boyd Appointed Interim CEO, Huston had been at the business for years and years. Why oh why can't people just keep their personal "stuff" away from the business, this happens all too regularly. I guess, who am I to judge these things, it is another reminder that no matter how you may be at the top of your respective industry, a fall from grace is possible at any moment. Big up to the board for having the courage to press on with this action against what is essentially one of the most powerful people in the company. I am pretty sure that Mr. Huston has deep regrets.


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Priceline added to buy list

11-NOV-15

Priceline.com had results the other evening, the market was far from kind to the stock, sending it down by around 9 percent in a single session. It certainly was not as if the results themselves were bad, they were not. First, before we being reviewing those results, what is Priceline and what do they do? Quite simply, through their operating and ownership of brands you know such as Booking.com, priceline.com itself, agoda.com, KAYAK, OpenTable (book your restaurant table) and rentalcars.com they are the biggest provider of online travel and services on the planet.


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