You or anyone without an order in the market. I think. My understanding is if you have take profit or rather order to sell at a higher than the sell price then they cannot be borrowed, otherwise they can be.
There is a difference between a spreadbet short and contract for difference also. My understanding is that the spread bet has no value in the market other than possible sentiment it is in effect a bet on the direction of the sp.
The contract for difference borrows shares in the market on the condition they will repurchase them at a later point. If the shares go down they buy them back cheaper and pocket the difference. If the price goes against them they still have to buy them back at higher price. I may be wrong but that is my understanding.
I understand the basic principle of SHORTING but where do SHORTERS actually “ borrow " their shares from which they then short? Surely it must cost them something to “ borrow " these shares? Could anyone please explain it to me? Thanks
The "customers like you bring tcg to its knees" comment I received is rather naive and to suggest tcg is focusing on those who can pay a premium for higher class holidays is rubbish. No doubt Randfontein did not receive the "holidays from £29 " email tcg has just sent out? Friends who own a travel agency report that tcg client base has remained unchanged for the past 5 years! My comment regarding saving 20% by searching on line and increasing numbers doing the same is an indication the market is changing and tcg needs to adapt to this swing to avoid losing customers like ourselves who used tcg for years Whilst this has contributed to the decline of customers and is no doubt a factor making the shares less attractive I appreciate the theory comment and understand how external events have affected the industry over the past 2 years but am still at a loss as to why tcg management are not adapting to the changing market or can find no solution that would improve the falling share price
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!!
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