Fred,obviously wanting a positive outcome to the Monarch situation flies in the face of a TCG investor,just about anything to stabilise the market surrounding the travel industry is welcome at the moment. I must admit (as you do) the company is making progress,but the city still have reservations as to where it is going,hence the very poor response to the share price.I am sure that they favour Tui as a better bet,simply because of the Divi`s,and the stable share price,unlike the continuing high volatile share of TCG.The best of luck to you,H.
Sorry Fred,slight misunderstanding of the wording, it is meant to read---a positive result for Monarch getting a licence to trade.If they do get a renewal it just might ease the present uncertainty in the travel industry.
H, could you please define what in your opinion would be a positive result for TCG?
Personally, I am struggling to understand the need for Monarch as a brand in the market (with respect for the difficult situation for employees). It appears to be a Zombie as opposed to the TCG near death experience. Could the big 4 become 2, history repeats itself? If anyone can provide insight/rationale, happy to be corrected?
Maybe the disappointing outcome of todays update-----the share drop,could be partly due to the lingering uncertainty regarding Monarch`s licence to operate, a decision on this matter will be decided sometime in the next week.The masses who sold out this morning,could,on a positive result buy back in.
TCG record of delivering per guidance growing. Dividend inferred and expected now. Trading not great but offset by diversification and favourable FX rates. Balance sheet strong. Can't imagine much worse than than S16 in terms geo-political issues next year but still expect some.
A bit of luck in FX timing and some decent risk management has given them time to continue transformation. I believe this is positive news but depends on city expectations. More importantly, they don't seem to have managed a difficult summer without having xxxxxxed it up - IMO
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