yes surprisingly muted response. thinking/tempted now but unsure if more reaction later. Re your other comment. I can assure you there are people who know. They are the govts-u can work out who- who plan all these false pretend events.Until people wake up and stop saying , oh! they wouldnt do that, then we are at the mercy of events.
Well, we ended "Tunisia/Grexit" day less than 4% down when the entire market has fallen anyway. I would say, as a company in this vulnerable to both events sector, it could have been considerably worse and we dodged a bullet today....
"I've sold my entire holding after being invested for over two years. Had many ups and downs along the way but I'm out in profit. I'll wait for an opportunity if one arises to buy back in but this latest outrage has tipped me over the edge. It's not even as if there's anybody in power (anywhere) who's got any idea (or backbone) to respond. Where next? Spain/Italy..........Skegness?"
You forgot what you wrote. Which, considering it was a matter of a a couple of hours after the news broke, was very insensitive and unnecessary. Are you now spending your profit in the safety of Skegness? You talked of backbone too. Hmmm I wonder.
This is not the place for emotional response, so forgive me for sticking to the practicalities. If the Foreign Office had advised against travel to the beach resorts, everyone would have to be brought home, the entire Summer programme cancelled (there isn't a Winter one..). So, that is a catastrophic expense dodged. There has been some criticism about not letting people have their money back. TCG have moved swiftly with an expensive (for them) and generous offer which exceeds the industry "norm". Clients can have a full refund if they are travelling before 12th July. If they are travelling up to October 31st they can switch to another holiday by paying the difference. One observation, due to supply and demand, all other Mediterranean destinations have gone up in price...
Whilst the repatriation / rebooking / refunding is a costly operation the minor exposure to the TCG is not reflected in the share drop. I put this down to a temporary change in sentiment (Tunisia / Grexit = perfect storm) and, personally, will hang on tight!
Time thecat14. Sorry to see tcg hit by yet more sad news. have you considered a small punt on ctp? Obviously against the rules to talk about another share and as a tcg fan do not want to upset posters but until this bottoms out I think there is potentially an opportunity there.
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