Close menu

December 10th, 2019 | 08:05 CET

Is TUI taking over? Homes & Holiday with turnaround and takeover potential

  • Tourism
Photo credits:

Homes & Holiday AG has had a difficult time. Following the IPO in summer 2018, the forecast was adjusted in autumn 2018. The stocks of the specialist for holiday properties has not recovered from this to date. In an interview with 4investors, CEO Joachim Semrau explains that the cost-cutting measures are taking effect and that the break-even should be successful in the coming year. There is also a takeover potential. Is TUI taking advantage of this?

time to read: 2 minutes | Author: Mario Hose
ISIN: DE000TUAG000 , DE000A2GS5M9

Table of contents:

    Business model realigned

    Homas & Holiday has realigned itself in the current year. With the exception of Munich, all branches in Germany were closed and operational management concentrated on Mallorca. The number of employees was significantly reduced and franchise partners were exchanged. The Group is now concentrating fully on holiday properties in the Balearic Islands.

    There the group belongs with the brand Porta Mallorquina to the prominent brokers and is with the reservation portal the No. 2 under the Finca landlords. In the second half of 2019, the cost reductions are expected to have a positive impact for the first time and then be fully felt in 2020. This is how the break-even should be achieved in the coming year.

    Balearic Islands most attractive market in Europe

    Homes & Holiday also offer sufficient growth opportunities on the Balearic Islands alone. Because holiday properties are in vogue: to fulfil a lifelong dream, as a capital investment and yield property. At the same time, more and more people are discovering holiday homes as an alternative to hotels and away from mass tourism. The location of the Balearic Islands in the heart of Europe is unique and attracts people from more than 100 nations to the islands.

    From the apartment over the simple Finca on the country side up to the Luxury real estate with sea view is for each taste and purse something thereby. Semrau sees considerable potential. Foreigners alone would buy real estate worth over EUR 1.6 billion every year on the Balearic Islands. If Homes & Holiday were to handle only 10 percent of this, the volume would well triple.

    In holiday rentals, turnover could increase tenfold

    The potential for holiday rentals is huge. By acquisitions one would have exceeded within one year the critical size of 1,000 holiday houses - at present there are already approximately 1,300 - clearly. The integration of the new properties has been completed.

    The market leader has a turnover of more than EUR 30 million per year and has only marginally more properties on offer. By way of comparison, Porta Holiday just generated EUR 300,000 in the first half of 2019. The growth will certainly not take place overnight, but in the medium term a turnover of EUR 8 to 10 million seems possible.

    Takeover potential as an upside

    The focus on the brokerage business and the letting on the exciting real estate market of the Balearic Islands bring take-over potential. The subsidiaries of Homes & Holiday are leaders there and the Group is debt-free. The market leader in holiday rentals in Mallorca Fincallorca has just been taken over by a Northern European travel group. Also the broker industry in Spain is in motion.

    Thus the American star investor Warren Buffet has discovered the Spanish real estate business for itself and wants to become active here.

    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may in the future hold shares or other financial instruments of the mentioned companies or will bet on rising or falling on rising or falling prices and therefore a conflict of interest may arise in the future. conflict of interest may arise in the future. The Relevant Persons reserve the shares or other financial instruments of the company at any time (hereinafter referred to as the company at any time (hereinafter referred to as a "Transaction"). "Transaction"). Transactions may under certain circumstances influence the respective price of the shares or other financial instruments of the of the Company.

    Furthermore, Apaton Finance GmbH reserves the right to enter into future relationships with the company or with third parties in relation to reports on the company. with regard to reports on the company, which are published within the scope of the Apaton Finance GmbH as well as in the social media, on partner sites or in e-mails, on partner sites or in e-mails. The above references to existing conflicts of interest apply apply to all types and forms of publication used by Apaton Finance GmbH uses for publications on companies.

    Risk notice

    Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and etc. on These contents serve information for readers and does not constitute a call to action or recommendations, neither explicitly nor implicitly. implicitly, they are to be understood as an assurance of possible price be understood. The contents do not replace individual professional investment advice and do not constitute an offer to sell the share(s) offer to sell the share(s) or other financial instrument(s) in question, nor is it an nor an invitation to buy or sell such.

    The content is expressly not a financial analysis, but rather financial analysis, but rather journalistic or advertising texts. Readers or users who make investment decisions or carry out transactions on the basis decisions or transactions on the basis of the information provided here act completely at their own risk. There is no contractual relationship between between Apaton Finance GmbH and its readers or the users of its offers. users of its offers, as our information only refers to the company and not to the company, but not to the investment decision of the reader or user. or user.

    The acquisition of financial instruments entails high risks that can lead to the total loss of the capital invested. The information published by Apaton Finance GmbH and its authors are based on careful research on careful research, nevertheless no liability for financial losses financial losses or a content guarantee for topicality, correctness, adequacy and completeness of the contents offered here. contents offered here. Please also note our Terms of use.

    Der Autor

    Mario Hose

    Born and raised in Hannover, Lower Saxony follows social and economic developments around the globe. As a passionate entrepreneur and columnist he explains and compares the most diverse business models as well as markets for interested stock traders.

    About the author

    Related comments:

    Commented by Stefan Feulner on June 15th, 2022 | 10:38 CEST

    Turnaround on the horizon - TUI, Pathfinder Ventures, Lufthansa

    • travel
    • Tourism
    • Camping

    The tourism industry is one of the sectors hardest hit by the Corona Crisis worldwide. With the lifting of restrictions, booking numbers shot up, defying the war in Ukraine and rising prices. Tour operators report a sharp increase in bookings for the summer, which for several weeks have already exceeded pre-pandemic levels. In addition, travel-hungry travellers are paying significantly more than in the years before the lockdowns. The industry is on the verge of a turnaround. In addition to the usual hotel vacations, the demand for camping remains high. The few listed companies are benefiting particularly from the boom.


    Commented by Fabian Lorenz on March 22nd, 2022 | 12:31 CET

    Analysts enthusiastic about S&T, Rheinmetall and Phoenix Copper - TUI share under review

    • Tourism
    • Copper
    • armaments

    The shares of S&T and Rheinmetall were among the day's winners yesterday. Austrian IT services provider S&T gave a positive outlook for the current year and fended off Viceroy's short attack. The loss of sales in its Russian business is expected to be partially offset by orders in the armaments and cybersecurity sectors. The guidance from January was raised slightly, and the dividend is also expected to increase. Analysts were pleased and the stock gained more than 10%. Rheinmetall shares benefit from positive analyst recommendations, with the price targets increasing up to EUR 210. In contrast, Jefferies is not convinced by the share of TUI. Phoenix Copper is benefiting from the commodity market. The experts at SISM Research see more than 100% upside potential for the commodity explorer.


    Commented by Armin Schulz on March 21st, 2022 | 10:08 CET

    TUI, Desert Gold, Steinhoff - Cheap Shares, bargain hunters watch out

    • Gold
    • Tourism
    • Retail

    Today, we look at three companies whose share prices appear cheap at first glance and then analyze which candidates have potential. An affordable stock is not necessarily cheap, just as an expensive stock is not automatically expensive. The problem with many retail investors is that they do not have the money to buy a few Amazon shares. Therefore, smaller stocks are more likely to be found, especially in smaller portfolios. One should look at the market sentiment of a company and its fundamentals to avoid betting on the wrong horse if possible.