With the world being as it is, I think long-term holders of TC are just going to have to put the tin helmet on and hunker down and pop their head back up in about 12 months (assuming no further Fosun interest). What can TC do in a world where 3 of its biggest markets (Turkey, Tunisia and Egypt) have been decimated by ISIS ? Of course its figures are going to be badly hit. It can carry on developing the company and the product, as it has recently been doing (new planes and tarting up existing ones; new flights to America and Caribbean); i think it will be spending money on the shops next. ISIS is getting weaker and weaker every day in Syria and Iraq. Hopefully in 12 months' time its caliphate straddling these two countries will be greatly reduced and its reach and influence will have greatly diminished and Egypt, Turkey and Tunisia will be back on the radar of the UK tourist. I wouldn't like to see anything like the airline being flogged off--seems a bit desperate and short-term to me.
Let's just hope there's some news on the possible aircraft sale, and that tcg still meet its minimum expectations and/or maybe some foshun developments ... or maybe us tcg holders are asking for too much
Taking everything into consideration ( very sad to say ) I now expect next week's Q3 results are going to be poor. I think the recent hot spell in the UK is the final nail in the coffin ( so to speak ). Customers have delayed booking due to world events and a late surge in summer bookings is what TCG would be relying on to boost earnings but sadly the heatwave here means many will now be holidaying in the UK instead of going abroad. And as we all know , travel companies rely on this time of year to make the bulk of their profit. Sorry to be negative but I am a realist and the facts of the matter is that the situation for TCG at the moment is very bad.
this share his rubbish has been for a long while the the big investors like standard life FOSUN INVESTCO must have a lot of faith in the CEO I personally have not got any faith I no TC have had a lot of problems like other tour operators but we seem to never go up has much as the others must be people making a lot of money trading this share what gets me his the CEO will still get his millions when a lot of people could have lost 50% of there investment he ought to lose 50% of his millions his there any out of this situation don't know
Thanks MaverickD, I appreciate that Standard Life have increased their stake, presumably on a takeover chance. At 60 odd pence, a reasonable punt. I am at a higher level of cost and continue to be disappointed with the way Management have failed to put out any positive points or change the operational side from a consumer viewpoint. Turkey and Egypt are really causing TCG more problems than the other operators., it seems. There is no sign of any new initiatives from Mgt or dealing with the real threat from pullout newpaper holiday deals,. These latter are taking out the higher spenders from the TCG/TUI circle. Never mind the cruise market... Bad choice on my part, I think! GL
Old Dog Standard Life increased their stake and they have over 12% of the stock. Jupiter sold, but institutions do free up funds and then do repurchase. So we have had 550K shares purchased in 2 chunks £322K - must be a very happy buyer at these levels. Now the buy side is loaded and we are getting more buys to sell. I would not read much into the last couple of days - we have gone down in sympathy with the sector, it happens. Our results are next week and we can then drill down and see what we have.
I do take offence in regards to you questioning my motives, just because I prefer to read the posts and monitor tcg share from afar doesnt make me to be a deramper.. I have read your posts and I truly hope you are right that tcg rise as I have significant holdings in this firm... However you do seem to be ramping this share a lot recently!!, again I do hope you are right...
Overall as a valued investor I do read and value puffys posts and hope some postive news comes out next week
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