Ten Life Share Price (TENG)

Like your posts but disagree he point about tax deduction. If its contractual business travel the director/employee will reclaim the cost via an expense claim or claim the tax back via self assessment.

Bought some at 63p on the way down.
Would be double at £1.26.
Capital Gains allowance going down, so will sell before April 2023.

HSBC is dis-continuing the Jade program, but it is not clear whether the TEN concierge perk carries on. Depending on assets invested with HSBC, you are either a Private Bank, or Premier customer. I expect Private Bank customers will keep the concierge service, and Premier customers not.

I worked for a company, let's say X, the catering company we used to provide the staff canteen was company Y. Guess what, our CEO, of X, was also a director of Y.

Booking business travel is a gravy train.
I have seen companies having policies that insist you book through appointed agents.
They say this way they get bulk discount, but if you bought a ticket from the airline yourself,
it's way cheaper. When you dig a little, you find the director that forced the policy is also connected to the travel company.

What we want, is for these new TEN directors to be on the board of BP, etc. ,
and make all travel bookings go through TEN. A business class ticket for £2,000 normally,
would be quoted as £3,000 full price, but you get a corporate discount so it's only £2,400.
What a bargain. You get 100kg of luggage allowance, and caviar, if anybody asks awkward questions.

The flaw in the gravy train business model is, business travel is tax deductible,
whereas a concierge service user is spending his own money, with no tax deduction.
So why would they pay extra to book through TEN, if they can get the ticket cheaper by booking direct?
If TEN can handle cancellations and refunds, that's worth something, but I doubt they want to touch it with a barge pole.

Looks like the recent director changes at Ten might be the catalyst for the recent surge in price. https://www.marketscreener.com/quote/stock/TEN-LIFESTYLE-GROUP-PLC-38804818/news/Ten-Lifestyle-Group-plc-Announces-Director-Changes-43050673/#:~:text=Ten%20Lifestyle%20Group%20plc%20Announces%20Director%20Changes%2002%2F22%2F2023,and%20became%20Chief%20Proposition%20Officer%20in%20November%202022.

I hope you picked some up at 47p like I did, that would appear to have been the bottom. Seems a large shareholder in north america was unloading their holdings over the summer, that has now come to an end. combined with the earnings up press release of 23rd Nov has sent the shares upwards.

Looks like somebody set a stop-loss around 60p.
Or is it a bed and ISA?

It looks like, when the going is good, and people book restaurants, it shoots up to £1.20.
When people tighten their belts, so no bookings, TENG plummets.

What happened to Magrathea?

"The Magratheans went into hibernation, awaiting an economic recovery that could afford their services once more. Mostly everyone except Slartibartfast is seen to be in hibernation. Magrathea itself disappeared and its memory soon passed into the obscurity of legend."

If you believe their line, about catering to HNWIs, then you should accept
that these guys can afford to eat, while the rest queue for food banks.

If it does plunge to ~30p again, I'll have some.
The last time it crashed to about 29p.
I bought some, just for fun, and sold around 69p.