Puffy regularly makes good quality posts on this stock and the latest one is no different however I wonder if the previous resistance of 86 having been breached for a few days now will become support as we head towards long term resistance at the 120 area. The oscillators are maxed out yes but the share price could spend a few days drifting between 86 and 90 whilst the oscillators find somewhere south in advance of a bull run towards 120. True They've run a long way quite fast but don't rule it out. IMHO, NAI, DYOR, GHU.
Remember some people have already taken profits including me.
I'm 50/50 on further short term climbs. I think it's possible to break 90 this week as the news flow around TUI results tomorrow will be positive (as usual!). The surprise may be the Friday/weekend news flow as cook announces completion of 750 bond issue. This was largely lost in press last weekend. Anyone who remembers December 2012 will remember how dangerous it was to step out of TCG before Friday, you could miss a 10%er. DYOR
Yep, Puffy - wouldn't surprise me if it did. In fact I have been surprised about how long and far up the journey went. Guess it's time to take a breath and let the indicators cool down. After all, this would not be the end of the world, so pls folks: don't start these doom & gloom posts again, when this should happen. It's part of the game. GL to all longies.
nice 3.5% rise to day market have took to the co op travel news what will this be at Christmas will we see £1 by Xmas seems to be all good news coming out at mo must be good news for the big investors like INVESTCO FOSUN and Standard life
Co-op is a bit toxic after all its troubles. the sooner TCG get the signage done the better. The market has been fairly positive again and the progress is slow but sure. The Co-op news is another positive step. Harriet's housekeeping project is still in action maybe. The continued presence of Cook on the high street is great if its visible. I am very happy the way this is going.
OTB likely higher because they moved into profit and announced a dividend today.
Also it is coop excercising option as it is non core, so one less competitor.
Give avg lease on JV in 2011 was probably ~10yrs, suspect Cook will have excercised cutting unprofitabile shops already and have considerable optionality going forward. More importantly, I think agents will have more job security, certainty, and only one management direction and will relish integrating more into Cook's retail management. Cook can keep best staff and have more control over distribution of own product and probably maximise commission as one group if they have not done so already.
TCG have been rationalising the stores ever since the original merger took place, including closing unprofitable stores and re-branding stores in accordance with business requirements and profitability.
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