Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Titan ‘TOUR’ has no fixed assets. They are not an airline and don’t own hotels.
They probably have 20-30 staff. Product, Marketing, Admin, Customer Service and Sales, like most other tour operators. Probably £1m a year in salaries.
Customer rings for a ‘tour’. Sales person books with a third party airline ‘BA’ for example. Then books the ‘tour’ with our ‘ground handling’ agent in that country, who puts the tour together and looks after the customer ‘in resort’ ‘that country’ We don’t own ground handlers, there just ‘in country tour guides effectively’ that we contract.
I get Tour is s**t…small margins and volatile to world events etc just as BB says and I agree, but this is not a huge cash burn whatsoever. Their essentially just a big travel agent, that is taking liability and putting the tours together yourself. Nothing more or less! This is what I don’t understand. No fixed assets to burn cash, other than maybe the Eicer Cruise boats, which wouldn’t be massive anyway in the grand scheme of things.
Cheers Gordon, I topped up at 4.12 & 4.06. I think it’s being manipulated. Agree…but other travel stock back on the rise.
……?
Up 3000% from what? Nothing?
Reality check. No Summer happening. September onwards yes, build that in and DYOR.
That’s not a massive buy, like spitting in an ocean.
Government have screwed this summers travel.
What most of us knew ages ago which is a bonus.
Spirit of Discovery has just left with its first passengers, and in the Thames estuary :-)
The Government now has zero credibility after the Han**ck saga.
They can no longer delay opening on the 19th, even if they wanted to.
P.S. ‘Travel Agency’ is Farsley Travel, check and like our Facebook page. 90% of what we sell was Jet2. The government is a shambles! Jet2 are a marvellous company in every way. I have no question backing them whatsoever in normal circumstances. It’s the government.
I’m only here to give my opinion. Like I said don’t care what anyone does.
Well done on your research Neill. Glad you had a look. Totally correct. Deperate times, desperate measures but paid off. 70% up. How’s your Jet2?
Exciting!! 3 sleeps to go until we welcome our first guests back onboard
She’s such a beauty!! ??
Spirit of Discovery's sea trials were successfully completed last week! She's now ready to welcome guests back on board and embark on her first post lockdown cruise this Sunday.
Read Captain Darin Bowland's blog here >> https://bit.ly/3j7BPjg
I’m in the industry..have a travel agent. Lost hope now….this will be a lost summer unfortunately. Even if things open up end of July it will be too late and customer confidence is shot!
Too little too late…operators can’t survive on minimal destinations. My thought is a lot of small PI’s have gone straight to the big brand operator’s and these are now over-cooked. Not so long ago Easy Jet were above pre pandemic levels. Absolutely crazy.
I’ve withdrawn any airline stock. Most successful travel related share is SAGA which I hold, and cruise ships set sail next week. DYOR. Take a look, suggestion only. Don’t care what anyone does. GLA.
I’m hanging around with Millionaire if we do, imagine the female attention he’ll be getting.
1 request if we do meet. Can we only call ourselves by our ‘handle names’ lol
York good for me and I’m in. What about arranging at 5.85?
I’ll look forward to that BB! Best of luck mate.
Thanks Rox and well done too. ‘He who dares Rodders’ To be honest if it wasn’t for you guys I wouldn’t have done it, so thank you
Absolutely guys, first thing to be paid off, and won’t be doing it again. Just a one-off, extreme hold, under extreme circumstances! Thanks
Once those planes are back in the skies my business will start my income again.
Think it was only me that sold a few last week to get the bank off my back for car and holiday. Still got 5000 shares at £2.65.
Small fry to you guys. Bearing in mind, I put £20k on 2 credit cards to buy them, which is still costing me £400 a month to keep the investment going/holding. I took a 3 month mortgage break as well and used that money to pay for said credit cards for 5 months to keep holding
I’m scraping the monthly payments together from minimal paid delivery and warehouse jobs as covid has screwed me and had to rent my house out.
Massive gamble that has paid off though, and thanks to you guys. Good job I like risk. P.S hopefully getting £2k compensation from being wrongly arrested last month, so the good old coppers will make me hold onto them for another 5/6 months. GLA. Keep holding!! If I can you can :-)
That’s great…cheers mate
Banbury - would you mind putting into Layman’s terms what’s happened today? re. Financing etc. Not a finance person.