Remember it was a huge shock and sp got hit hard.now some say, oh, she ran out of ideas.truth is we dont know why.was made out to be her decision step down. Joke ! Why so quick and why giveher a big payoff ? Most likely a coup by the old guard who had cold feet about their own positions so got in first ? They are the big problem otherwise tcg has an awful lot going for it, provided PH doesnt do something stupid, too much to list and has already been said.i hope Airey is watching the operation?
Monet208, with the remuneration package having been an issue during the last AGM I don't think the directors are happy with today's SP. If you suspect a conspiracy it could only be to make a 1 pc dividend look attractive! After all they had comitted themselves to paying dividend from this year's earnings and under 1% this looks a bit silly. So if they feel they can't pay 2 pc they could resort to lower the SP to make 1 pc attractive. Good enough a theory for you?
Your Canaries observations are in line with TCG-policy. TCG deliberately have dropped the cheap no-margin stuff in order to focus on customers willing to pay a premium for higher class holidays. It's customers like you who brought TCG to the brink of collapse. So don't be surprised about TCG having given up this sort of revenue without earnings. If it came to the worst you would only be costing them, e.g. in case of a delayed flight.
Knowing TCG's notorious volatility I count on the shares bouncing back heavily once the bottom is found in this still ugly looking chart.
Hi, having been in this share for a few years now, brought in at 12p, I do find our new members are very quick to talk this share down, I agree its crap that it has fallen so much but so have all tourism in general, the stock market is a pretty depressing place to put your money at the moment. Bookings are going well and the shops are busy, my daughter didn't leave until 6.30 last night as they were dealing with customers. A little support would be good, TCG is not going to go flying when the rest of the FTSE is falling, remember its a long term investment not an overnight lotto win!!
Being a total layman where shares are concerned I cannot understand why the CEO and directors seem to be at a loss of how to improve the share price Unless they have an ulterior motive in seeing the share price drop or the board and/or senior management want replacing ? We go to the Canaries 3x a year and never book hotel or flight through Thomas Cook because we can save over 20% by using the Internet and finding better prices. We may be in the minority in doing this but according to many friends who run hotels in the Canaries non tour operator bookings are increasing quite noticeably!
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