After the March updates for the last two years an imediate drop of 20p has occured,just people getting out hoping. for a lower entry price before the May results. Unless good or even bad news is forth coming in the next five or so weeks,this will trade sideways untill interest rises in anticipation of what the May update contains,just my opinion. I hope it will be better than May of last year.
There is a huge threat from the independent travel companies who operate organised escorted tours. They, together with the cruise companies are taking lots of the grey pound. Not sure how TCG can hit this market but they are certainly losing out big style. The newspapers are full of these supplements every day. Big bucks for them, too. Thinking about getting a rabbit and hutch to accommodate the daily removal of the extra paper.. :)
Travelling less hopefully: It’s like coming back from an exciting trip. After the recent exuberance over the deal signed between Thomas Cook and the eclectic Chinese conglomerate Fosun, the travel group’s trading update was a return to the day job. On the positive side, continental and Northern Europeans are keener on holidays than they were in the first quarter. U.K. holidaymakers are still forging ahead, perhaps partly spurred by the weakness of the euro. On a 2015 p/e of 11.3 times, some analysts have Thomas Cook trading on a discount of 30% to Tui Travel. The clouds that still loom over the sector — budget airline overcapacity and the expansion of online-only travel agents, to name but two — suggest not so much that Thomas Cook is cheap but that Tui might be too expensive.
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