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Wonder how high this will get when quarantine restrictions are lifted or travel corridors are introduced in a couple of weeks time. So pleased I held this share. Great company - looks after its customers better than any travel company and I’m confident their loyalty will see booking surge in the second half of this year
System gone down
And I sold out at £6 thinking it was stretched due o the current situation etc.. how wrong was I! Very Well done to anyone who held...
Current Mkt Cap equates to a pre-placing share price of £12.60, which is where the company was trading in Feb this year before the pandemic hit. Absolutely bonkers really... anyway well done to anyway who kept holding.
I want to add some more but won't be doing until the markets correct themselves to reality.
"The airlines should all start re-registering their companies in Jersey or Guernsey or other overseas tax havens to avoid paying any further corporation taxes to HMG..."
I think Rishi Sunak, will have lots to say and do tax wise in the next budget, as it will be payback time - business, IR35 contractors beware .....
"The airlines should all start re-registering their companies in Jersey or Guernsey or other overseas tax havens to avoid paying any further corporation taxes to HMG..." Great idea! We've just borrowed £350 billion to help companies survive so let's encourage them to avoid paying tax! Personally, I wouldn't call paying most of their payrolls for the last 2 months and underwriting cheap loans unhelpful.
Still seriously undervalued IMO
£9.83 to buy and climbing faster than a 737 max !!
£10 today
Might be more apparently after the meeting with Patel and aviation bosses tonight
They left fuming with the tail between there legs.
You have to hand it to her she is a tough cookie alright not to be intimidated.
on a separate note 45 bill spent by brits abroad last year, 25 bill spent inside uk by travellers coming in
Go figure the plan ey??
Following discussions Virgin are restarting international flights on 20th July. IMO they would only do this if they had the green light from the govt given the financial position they are in. 6 wasted weeks but at least there’s an end in sight!
I too have been amazed at the share price recovery and have bought a few along the way but missed the very low point back in March and now average £5.50 so not too bad but should have done better. The reason for the steep climb Oct/Feb was the demise of Thomas Cook which removed several million air seats from the market and put pressure on seat rates. Dart increased their capacity to cover some of the shortfall. Hayes travel ( the UK's biggest independent retail travel agent ) a few weeks later bought most of the closed Thomas cook shops (around 500) which in turn massively increased Darts selling outlets at no cost to them.Just before Cooks collapse the Dart share price was around £7.50 and quickly rose to£19.43. Of course I hope it does the same again as they have some great staff and is a very well run company, but a lot will depend I guess is how the virus restrictions play out and how soon load factors return to pre covid levels. Imo.
Airlines are still in the half price sale but won’t be for long. Markets increasing believing that covid-19 will be done and dusted this year and expect a rapid recovery. Therefore airline stocks are flying all around the world. I have no idea if the markets are right but will enjoy the current positivity.
PWA - Your Last post- IMO DYOR this recent S& P 500 recovery, excluding FAANG stocks allows II's to recoup their wrong footed positions pre covid early Mar 20 , reduce exposure (hence cyclicals are now flavour of the month) -squeeze short positions to fuel the rally forced buying and allow II's to off load exposure to any new equity raises - that will be needed. The world economy is scarred and will take time to heal despite Stimulus packages. Problem is US is nearing the hit S&P 500 and break even recovery, now the rally would mean new capital buying into the teeth of a global recession - so why not go short II's that is in the US and get another rally in Q3 double dip profit for low risk - no -one left out, as hedge funds were in March 20 - IMO hence the aggression of the last 3-4 weeks rally - based on caca torro. S&P valuations - based upon 2020/21 reduced earnings are at 2000 highs - Retail guys have done well buying into the dip no doubt - well done for that faith - now its time to wait and see. IMO gravity works and in the UK a 300 year recession is something to be careful about. Very interesting next 4-5 weeks in unknown territory - there's no precedent for covid related recession. GLA So in answer to you question - be careful and base your decision on fundamentals.
Does this have any juice left in the tank? as its now higher then it was 12 months ago with no virus etc? And can anyone explain the steep rise from OCT-FEB?
Spot on Basil .
Fair play to Trump - when he cleared the crowds with gas to get a photo shoot holding the Bible upside down. Genius. What he forgets here is - Failure to communicate - unlike the 60's - you have 40m people unemployed getting $600 a week benefits - that have all the time in the world to protest - in full employment one weeks lost pay is enough per se. Then China are watching Trump on his US 40 city problem protests (Not One in HK!!!) - 23 State clamp down - that hamstrings his Hong Kong position - guy is power blind. Then lastly - how can you social distance in a riot - does tear gas kill covid. Where's the daily corona update. IMO DYOR - the US of A have lost it and a re- rate is due, as the S& P marches is on on stimulus news - not the fact that 40m unemployed , with 10 week lockdown frustration, 105k dead from covid and then the police slaughter an innocent - look at France 1789 - S & P was 3k then - FFS this is as risky as a jar of maggots in the hands of a 5 year old. HNY - Do I want to be long in any share, let alone one thats not flying and had a 20% dilution and valued greater than when it was flying 100% nor do the II's - Not really. GLA - not long methinks the US will re-rate sooner than we think - its economy is built on the consumer - Macy's NY just got looted - maybe a June Tuesday post lockdown discount event, without social protocol. Equities = A barrel full of monkees and my Old lady she don't care GLA. US private gun sales up 75% due to insecurity in May - I hope this turns out peaceful protest. End of rant . Sad honestly for all abused. Needs to be properly resolved, safely, peacefully and fairly. GN
d from a cruise ship
The government is looking at ways to relax the 14-day quarantine rule for people entering the UK over the coming months, BBC Newsnight has learnt.
From Monday, most people arriving by plane, ferry or train - including UK nationals - must self-isolate.
But some MPs and businesses have expressed concern at the plan, warning it will damage the travel industry.
One government source told Newsnight that ministers were looking at ways around the coronavirus quarantine.
This could include travel corridors to countries with low infection rates, or expanding the list of workers who are exempt from the 14-day rule.
Any changes would be guided by the science but one possible date for a relaxation to the rule could be 20 July, coinciding with school holidays, Newsnight was told.
What are the new quarantine rules for
The quarantine is known it will happen for a few weeks or a month or so
Thsts not the issue it's demand restrictions and course of the virus over the next month or so
UK population is just being used as ginea pigs to see what happens at the moment there to thick to realise it
Dart Group plc, the Leisure Travel and Distribution & Logistics group, today announces that it has completed the sale of its Distribution and Logistics business, Fowler Welch to Culina Group Limited for a gross cash consideration of £98.0 million (the "Transaction").
Fowler Welch is one of the UK's leading providers of food supply-chain services and serves retailers, processors, growers and importers through its distribution network. In addition, the business has a 50% share in a joint venture fruit ripening and packing business, Integrated Service Solutions, located at its Teynham facility. At 31 March 2020, Fowler Welch had unaudited net assets of £60.5 million.
The Board believes that the Transaction will enable the Group to focus on its long-term strategy of growing its Leisure Travel business and, importantly, enables Fowler Welch to continue to flourish and grow profitably under new ownership.
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
Seems the Greeks have seen sense...
https://www.bloomberg.com/news/articles/2020-05-30/greece-opens-borders-to-all-continents-from-june-15-with-rules?srnd=premium-europe
Surely waiving this for 6 months is the least the govt can do after their cack handed efforts to date!
https://news.sky.com/story/coronavirus-aviation-bosses-beg-chancellor-to-deliver-apd-review-11996934
Used today’s fall to top up again. Easy money IMO. Quarantine going to be a 3 week wonder I believe with air bridges to Jet2’s key destinations in place soon