Randfontein - first person to comment on the bond and I think there were 3 notices on this subject last week. My guess is that it is a positive marker despite the hazards you mention. Pushing on a little bit today against the Italy news and knock on in Europe. TUI might be looking over their shoulder occasionally. TCG now seem to have clarity about objectives. Turkey, Egypt and Tunisia could be back in the mix by Feb.
Keep cool, fitchi - it's only that some people have still not read, let alone understood, the footnotes to LSE practise and buy/sell assumptions. Once they get into the intricacies of delayed notice, uncrossed trades etc. they will calm down. It's never gong to happen? Agreed, so let's ignore these posts. But let's not ignore the people behind the posts, they might just be willing to learn. And after all, we're the "good guys" :-)) Joking apart: as tired as I am geting with these "after hours rumours" there has been two interesting topics lately: One is the Ryanair rumour. This leaves me icecold. TCG has moved away from this market and if at all, it will be TUI facing a problem, as the have recently decided to go for a portion of mass market again, after having successfully gotten rid of most of it. The other one is the 750mio Euro-Bond that TCG is going to issue with a 6,25% yield tag on it due 2022 to replace both their 2017 and 2020 notes. Great to see their maturity profile improve and the interest sloooowly coming down. This is the money for our future dividends. Yet I have mixed emotions about this huge junk of debt at a stiff interest for 5 years. For my liking this would be a far more interesting topic to be discussed than uncrossed trades after hour. C'mon guys and girls, what do you think?
i have been admiring the calm that existed here then suddenly a little outbreak of panic over very little evidence of anything seriously going off balance. This has been a solid forward march which will flicker from time to time according to nothing more than general sentiment and trading. As you may know I am a supporter of the Exec management and set against an appalling sequence of global events has managed pretty well.Chill !! the 100+ number from Jan 2016 mentioned below is well within reason given the size of TCG. Feeling very happy albeit still short of a few quid.
I think it is more likely profit taking given 50%+ rise in share price.
Re Ryanair, I think they would have done it years ago if it was that easy. They may get some disruption with their joint venture but a Ryanair summer holiday isn't going to win the bragging rights at the school gates in the lucrative family market. Also the regulations are tightening and there are links to the recently failed Low Cost Holidays outfit which will likely drag on the cost of their operating license, not to mention the customer service requirements.
Either way, Cook strategy towards CS and quality managed product may leave a gap at the bottom of the market which is low margin, high volume, price driven and carries all the risk.IMO
Could it be to do with leaked news of the Ryanair move into selling holidays,just a guess,never really understood how these deals get "done" after hours. I only know that substantial negative sales do have an influence on the early opening price the following day,probably the wise boys knowing another way to manipulate the share.I am Puffy could enlighten us on this.
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