Good points FredG. The good thing about Cooks is that they don't have over capacity. I can also see Tunisia coming back on sale in the next few months. Egypt is a big market but has a long way to go. I see price has dipped below 60p so it is starting to look attractive It moves down to 50p it will be in play. GL
Fill your boots. 2/3 of Tcg ebit to be translated into £. Will the scandis stop holidaying, no and nor will we. Ok, 2016 may effect debt repayment/ divi strategy, but for the positive in long term. Are we hedged, yes. Are our clients more diverse than on the beach or jet 2, yes. Are our destinations diversified, yes. Will this impact our main competition, low cost carriers, yes. Is the model more robust than tui to a shock, maybe given asset light strategy and 3rd party flying proportion. Just some counter arguments to dread...
I still think this will go lower IMHO. The demand for overseas holidays in the short term will slow down. Euro heading below 1.20, dollar around 1.30 does not make it attractive. The holiday market is going to have a tough time in the next couple of years.
Filled my boots 59.3, tried from 8am to 9 without any joy so left a fill or kill order which was settled at 11.45 missing the lows yet again but still turned a little profit on shares bought despite losing two boot full's on the opening price!!!!!!
Time will return this loss, gold up big time and exchange rates on currency against the £ all adds to making Fridays results a great day for me anyway, lets see what this new dawn brings?
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