I'll be honest, I only retain a tiny holding in TCG and am still in profit. I am, however, angry that since the share slump began there has been a deafenning silence from "on high". Personally, I could not care less about the awards HG has been given, to put it simply, she is just an employee of the company, well paid to do a job, a job that I believe includes keeping ALL OWNERS (every share holder) "in the loop" as much as business sensitivities allow - given the total silence since last figures, this she has not done. Yes, the sector is down, it may be that all the negativity is out of her control, but I do think that the total lack of interest in ordinary share holders concerns shows a level of contempt unbecoming of such a( previously) well regarded individual.
The young man to whom I was alluding in my 09.06 post is called Alex Lees.As for the suggestion that Frank has much experience he did nothing to prevent tjhe fiasco of the previos management.Only days before the great decline in the share price tcg paid a very good dividend which we know now was not appropriate.Perhaps it was a valedictory payment and the CEO was well rewarded with a golden handout.Hence I acknowledge HG had a difficult brief but in my opinion has taken her eye off the ball.However all is not lost and if she allows herself a little humility the situation can still be turned around.
what's a BARC? If it's something to do with forum members insulting each other whilst maintaining a safe distance and total anonymity I totally agree so I certainly hope I've not been party to that.
HG isn't looking that great with the numbers right now and, whilst I accept that I'm not privy to her thinking or the working of the BoD, the "numbers" that shareholders are interested in are clearly visible. And not good.
Manny drove TCG off a cliff in spectaculary suicidal fashion (In my opinion) and HG sorted out the basics to save the company from disaster. That was good, and she was paid well for it, but the job's not finished yet. So what's next?
Manny had plenty of leisure experience, as did his team. Didn't seem to help much.
I realise that this all sounds a bit negative, but that's the way things are with this share right now.
It's all getting a bit tetchy in here. It's only a drop in share price. Admittedly TCG is losing significant amounts of our cash right now but we have to take responsibility for choosing to stay in.
However, there is no doubt that that HG is to blame for the present situation. As head of the organisation the buck stops with her.
She is responsible for turning finances around and dealing with the board, the city and the media and right now I think she's failing in her duties.
We don't need to re-write her business plan or list her mistakes to date. It's not our job to suggest how things could be done differently. That's what SHE gets paid for. Worth pointing out that she's done pretty well out of the deal so far. Ms Green is happy to take the accolades when it goes well. She'll just have to suck it up when criticism is aimed in her direction.
It's hardly fair to insult people who are making realistic points on, what is after all, a public forum, available to all, for the purpose of discussing their share dealings.
TCG may well (Or may not) come good again at some point in the future, who knows? Whether I'm in or out, I really hope the company does well. Ms Green will look after herself. She'll be fine.
I , likeHG,have no experience in the holiday sector but have been in the leisure sector.Hence I would seek advice from as many sources as possible apart from those who advised the stategy of the previous management.However of paramount importance would have been to keep shareholders in the loop,particularly the major shareholders.Of course we do not know if this has happened but if it is so then she has been remiss in not including individual shareholders.I would also have stressed the positive and diminished the negatives in her reports which she clearly not done.Perception and confidence are of crucial importance which she seems to have ignored.As for the rest as I have already stated I have neither the experience or the necesary information to pontificate as to strategic decisions.However I might have reconsidered selling parts of the business at prices below their value.Sometimes these sales smack as being short term measures.Anyway this is my cig packet response to your request G.You are right of course in assuming my financial situation does not require me to be concerned about the fall in price other than I like a challenge as I see this as a sure way to avoid dementia so I also run my own businesses for that very reason.The only srategic issues for which I claim any expertise is in the area of the English cicket performance.You would obviously expect this from a Yorkshireman.One sure fire tip I can give you is that in the YCCC we have a young boy(20) who is even better than Joe Root was at this age.Anyway getting prepared now for the game this evening at Headingley.Look out for the performance on Sky Sport this evening and give yourself a rest from this forum.
Many TCG directors bought shares from 137p all the up to 171p and several (in support) around 150p as it was falling. All we want is a comment as to why the SP has fallen 33% (corrected!)since ? Is it too much to ask for a transparent clarification statement for us mushrooms? Confuse people and you lose people. I am a pensioner who would just like to be told what's going on? Life is a bigger blur every day.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.