Another 12m shares for Invesco now at over 13%. Presumably to be increasing holding to that level would require hurdling some robust internal risk controls. I suspect they are not avenging down so could it be confidence of divi or perhaps sime impending corporate activity in the market?
Fred you are absolutely correct when you say that I am still interested here,just waiting for a breakthrough from this persistent 128 barrier.I feel while it lasts money can be made elsewhere,maybe now a move by TCG to further encourage the Germans and other continentals to buy holidays by lowering prices because of yesterday`s currency changes,the loss to them by doing this can be offset by hopefully mass bookings in the next few weeks.I am not sure if all bookings for Thomas Cook have to be made with the pound,if so it will make it more expensive for continentals to purchase holidays at the moment.Come on TCG CUT CUT CUT and get them on board.
Thanks Harry, that makes sense - the short term view accounts for the doom and gloom. Genuinely nothing against short termers but just goes to show the difference between pessimism and optimism can be explained by the period of the investment outlook, the end goal and the entry point. There is no way I will be missing out on dividends and steep capital appreciation for the sake of losing patience with Cook's well published strategy of 2015 dividend reinstatement before we even get there. For long termers it would be illogical to exit now, just before core turnaround is delivered and evidenced by net profit and dividend. I'm guessing Harry you haven't totally lost interest in TCG's prospects as you are back on this board and recommending TCG nearer the update - that is positive I think.
I sense an air of doom & gloom around here, with the lack of of news being the best explanation I have. Then again we all know that sentiment is a market maker. So, if there is "nobody left to run with anymore" - as the Allman Bros. put it in song, there may be a downward spiral in place. Peter Fankhauser has yet to shape his profile as a CEO and it's an open bet, if he can do so when the Q1 statement will come in February. With a stock market bubble becoming obvious with Mr Draghi blowing up the air balloon I wonder what the effects are on TCG. Less spending power in Continental Europe due to plunging EUR? Stimulus in the UK due to more favourable currency relations? Sadly noone seems to be interested anymore. Or is this the dark night before a new dawn?
The name of this game is making money,TCG made me money up to May 15 since then losses.If people want to invest over a long period good luck to them I don`t.Frustration set in because this share seemed to be stuck in a pocket-ie two steps forward three back,(continuing this week) I chose Tesco as a quick recovery,most F/100 companies do.The share has risen now since I "got in" more than what I lost in TCG since May 15,I am not interested in what Tesco`s battle with other stores turns out,just that as long as the share keeps rising I will stay with them.If I had stayed with TCG I would now be even worse off,you makes your choice as they say.
I see this investment in the recovery as a three year punt from 2012 entry but if it takes four years, so be it. The recovery story is still intact and a good story to be in long with although granted large cohunes required if you're watching it every day. Further confirmation of strategy working and state of the market required IMO plus delivery of 2015 results to deserve lift up to 200 and beyond. Bond issue ensures strategy can be funded. IMO every time delivery of 2015 EBIT target gets less riskier the share will rise and every time delivery gets delayed the share price trajectory to 200p will get shallower. IMO 10p to 125p and the chance of 200p in 2015 plus div is pretty good performance and worth the wait - hopefully - so why the tears and why get out in the year the business turns a net profit? Why Tesco, do they have a brighter future than Lidl? Could take longer to turn Tesco than TCG unless they get H in!
Hi Toshack, as you now know from previous "chats" I was in your exact position,frustrated at the pathetic performance of TCG.I made a snap decision a couple of weeks ago and got out,moving most of my money into Tesco after the big move to sell off,and halt further super stores.I thought at the time a leaner and better management in place could give this company a lift. The shares are moving up quite well,try something else for a short time then look at TCG nearer the update.
I am in the same position Toshack but I am keeping the faith based on the fact that we have yet to hear anything for Peter F and the price is very low currently so we should rise as long as there are no more major incidents. ECB news today, fuel price etc.. More positive that otherwise in my view.
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