Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Bottomed at about 58p in 2016, back at 59p 2018. Hardly a spectacular recovery? I think this needs some solid numbers indicating a steady recovery before it get any of my money.
I reckon there's more bad news to come here, where's the bounce off the bottom today? Lot of optimism expressed but little back up fact.
My guess is this is part of the positive thought process. From Travelmole: Published on Wednesday, September 20, 2017 Thomas Cook announces rapid growth plans for China Thomas Cook China is aiming to increase passenger numbers more than 10-fold over the next year, according to its managing director Alessandro Dassi. Speaking at the 2017 FVW Congress in Germany, Dassi said the company - a joint venture between Thomas Cook and the Chinese investment conglomerate Fosun - will have served 20,000 customers by September 30, the end of its first year. "Over the next 12 months, we plan to grow this number by more than 10 times," said Dassi. "The ambition is to make China a sizeable market for Thomas Cook Group, comparable, over time, with our more mature source markets in Europe." Officially launched in September 2016, Thomas Cook China operates inbound, domestic and outbound tourism from offices in Shanghai and Beijing. While the China travel market is large and fast growing, and represents the world's largest source of outbound visitors, it is also very competitive and fragmented, said Dassi. "There is already huge choice in the market for the Chinese leisure travellers, and a great focus on price." One of the biggest opportunities for newcomers such as Thomas Cook comes from the rapid change in the behaviour of Chinese travellers, as they move away from traditional group tour travel towards a more independent and higher quality type of travel, he said. Dassi added: "The industry is not yet keeping up with the pace of change in the behaviour of Chinese consumers. To exploit this gap we have focused on developing products that are truly unique and differentiated, leveraging Thomas Cook's~resources across key tourist destinations."
Hi FredG You need to be careful about the info that is in the public domain. It is not entirely the whole story. It might be worth noting that a large part of the TCG workforce took a substantial paycut in 2013 to 'save' the company. The timeline for negotiations has been such that it should have never got to this public display of stage. Who has been dragging it out to the extent that it has caused the 1st pilots strike for 40 years? Lastly, the shareholders have been less than impressed with the boards remuneration package in the last year. What message does that send?
The problem is that the LCC's do not pay less anymore. There is no queue of UK LCC pilots trying to join TCX. There are quite a few folk trying to return from the ME or European LCC's. The 10% headline figure being used is disingenuous as it includes annual increments which only about half of the pilots actually get.
All I see is a new iteration of the "pile it high, sell it cheap" plus overheads sliced to the bone policies that have lead nowhere over the last 20 years under a variety of different brand names. We'll see, but I don't have much invested here now, so I can watch merely with interest.
Anyone care to offer an explanation for tcg's steady rise over the last few months?
Unbelievably, the Indy has got a proper piece of journalism on this! But look how much it costs each time there is a delay! http://www.independent.co.uk/travel/news-and-advice/thomas-cook-airlines-cuba-flight-airbus-a330-oil-pressure-wing-tip-manchester-airport-holguin-a7810226.html
Hi again. I'm not really having a go at you, but rather at the press, who simply cannot report anything to do with aviation in anything but sensationalist and highly inaccurate terms. In recent years, the advent of social media has made the problem much worse, this popped up on your cellphone, as you said yourself. The post gets re-posted over and over and takes on a life and an apparent truth. Just look at the conspiracy theories surrounding the tower block fire. Truthful reporting would have been a passenger aircraft returned to base after a low oil indication. The aircraft had one winglet removed i.a.w the Airbus MEL. The passengers travelled later to their destination. Same facts but boring stuff! Share price unchanged. I do hope you never hear your commander say that he/she is carrying out a 'forced landing', since that means you either have no engines working, you're very on fire, you have no flight controls working or you have run out of fuel! atvb to you to. :-)
Typical media over drama. The aircraft had had the winglet removed sometime ago after it was damaged. It might look bizarre, but is perfectly acceptable and in accordance with Airbus procedures to fly this way. It is scheduled to be re-fitted soon. The aircraft returned to base for a normal landing after a low oil INDICATION. That is not an emergency landing but a sensible precautionary one. The combined hysteria has knocked a couple of % off tcg today, lets not exacerbate it here.
I don't think a line wolf atrocity will have much effect. The problems with Turkey Tunisia and Egypt are that the terrorism risk is seen as endemic and intractable. This is not the case with the USA. I do think that security issues are a drag on the whole travel sector.
Interesting article, I wonder if they do know something that we don't. I will not be surprised either way.
HG was a costcutter in a long line of cost cutters, I honestly can't see where anymore costs could be cut! Maybe the board should stop awarding itself options until the company gives a dividend. That would cut some costs. This thread feels like groundhog day.
I should think that a TCG sans Condor, TC Airlines UK, TCAB Belgium and Premair in Scandi would be significantly de-risked. The LH fleet is old to ancient, the German fleet is old. Only the SH fleet is bang up to date. There are others sniffing around looking to expand and a break up of the airlines to various buyers might make sense. In the background, there is always the argument about control of bulk seats and product quality, but with what is happening to the European holiday market, if they got shot to raise cash, I would not be surprised.
I should think that a TCG sans Condor, TC Airlines UK, TCAB Belgium and Premair in Scandi would be significantly de-risked. The LH fleet is old to ancient, the German fleet is old. Only the SH fleet is bang up to date. There are others sniffing around looking to expand and a break up of the airlines to various buyers might make sense. In the background, there is always the argument about control of bulk seats and product quality, but with what is happening to the European holiday market, if they got shot to raise cash, I would not be surprised.
I should think that a TCG sans Condor, TC Airlines UK, TCAB Belgium and Premair in Scandi would be significantly de-risked. The LH fleet is old to ancient, the German fleet is old. Only the SH fleet is bang up to date. There are others sniffing around looking to expand and a break up of the airlines to various buyers might make sense. In the background, there is always the argument about control of bulk seats and product quality, but with what is happening to the European holiday market, if they got shot to raise cash, I would not be surprised.
Rumours in the travel trade press that TCG is looking to offload it's airlines. Greybull (monarch) and Lufthansa in the frame. Be interesting to see the share price if that comes off.
So don't get political and keep this sort of comment for other forums. Its a very important conversation to have, but it seems to infect every online public forum at the moment and it never ends happily.
I think the problem was the trading statement coinciding with the Brussels attack. I can tell you TCUK are backing away from Turkey bigtime, but the Canaries are full, so options are limited. Cape Verde is being ramped up as a viable alternative.