Buzz -- Does one bad summer make a bad CEO? Especially as most of that will be through unavoidable industry-wide factors? And also....how much of that will be factored in already / hedged into the current SP?
JulyN -- I think the market is insane and baffling at the moment, what with FTSE stocks displaying behaviour more to be expected of AIM shares and just about everyone trading shares nowadays rather than holding them. And even TESCO is now looking like a giant with clay feet (though I'm keen to get in there soonish). So......it's probably not you :)
TCG is currently the only "boring" blue chip share in my portfolio. I'm mainly dabbling in AIM miners so am used to rather rambunctious share price movements. TCG was originally a punt back when it was on its knees but as I'm not getting any younger it is now the first "sensible" share with hopefully more to follow as I balance my SIPP towards the not quite so stupidly risky (though the stupidly risky shares have more than paid off so far).
I do understand the need for a company to have an intrinsic value then we need a management we have confidence in and then a little understanding / gut feeling of market sentiment.
A sound understanding of the company's historic highs and lows (Not just financial) would be good too but TCG is a bit of a wild card in that respect.
I get a bit fed up reading a lot of positive (wishful? Irrational?) thinking on this forum. Whilst I fully appreciate that everyone is entitled to their views it's very rare for anyone to back up their statements, thoughts or projections.
first of all, that piece was dated 18th May and we haven't heard much from Ms Green since then. Who knows what "The City" are thinking over a three month period. They can change their minds in an instant if they lose confidence. Isn't that their job?
If you take everything Harriet say at face vale it does sound good (If a little New Age, tree hugging and certainly self aggrandising.) but, whilst I'm not saying she can't do it, I'm yet to be convinced. Let's wait till we see some good figures from TCG. I'll be more impressed if MS. Green can make this share a good LONG TERM investment.
I hope your optimism is rewarded as I'm still invested too, although I regularly question my sanity.
If performance over the summer is poor she may have some questions to answer over her own performance e.g the re-brand, marketing execution. Hot summer in the UK, poor sentiment amongst airlines / travel may point to it being a poor summer for TCG, we shall see.
This mini spike is because HG will stand down and the market likes it. The step down will come with a profit warning. OR as already posted, results have been seen and they are OK (no worse than 120p anyway). Either way, interesting
You have fundamentals if you don't subscribe to charts. I've said since Apr/May this will hit 111p and probably lower as that's what my chart was telling me and technical analysis is good to time entry/exit.
Warren B. doesn't use charts. He looks at fundamentals. Same for me, but I use charts to time my entry/exit.
This is cheap value stock based on current 120p SP. Loads of intrinsic value.
P/E 2014E 2015E 2016E 2017E 10.9 7.5 6.0 5.2
At 2013 results it was trading at P/E 35.14. Over cooked (no pun intended).
Getting to an industry P/E of ~17, below average (my conservative estimate) we'll have:
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