The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
...but the price has been wrestled down to 62 for a reason I would guess. Citigroup re-rated to 62 on 20 May and we were all amazed. Now all might be revealed. I Like your 1.50 hopes but this is a time for patience. Long wait for 150 I think. 100 appeals to me now. 80 a good start to re-habilltate. Good luck
Enough of a bargain to keep the movers and shakers in day to day profit to cover school fees, luxury holidays and whatever else they might need to smooth their way in life. This will do nothing for the time being while they are all feeding! They must be loving Brexit - in the short term. Best to lay low and hope for the best. Don't sell is my advice. 80 is very realistic.
Important news via TTG which is obviously timed to coincide with their first publication date post Brexit. Only 1.8% now to gather before Guo has his projected 10%. This will surely bob along around 60 (maybe briefly below) until Fosun has made up its mind about commitment. Fascinating and frustrating!
My pleasure. May as well keep up the "take over" story to ease the misery. It was 115 late December. No reason why it should not return to that number soon but dark forces at work post Brexit and I have been taking advantage of the price fall. Slightly costly but....good luck
Guo Guangchang 8% RNS timed 14.33 today
Outdated very fragile, recycled arguments Toshak. Who is swallowing propaganda? There should never have been such a costly attempt to resolve the soluble problems with euro bureaucracy. Cameron fired the starting gun at the last election thanks to an attention seeking, inconsequential commodities dealer with oedipal problems I would guess!! The less well off have been mercilessly patronised and imbued with paranoia.The big achievement of a united Europe is not economic but political. When the Soviet Union collapsed the EU became the economic, democratic, enlightened bulwark against the excesses of the world's worst criminal Vladamir Putin (evidently admired by farrage). And it will remain so tomorrow and into the future inspiring other countries to look to our story over the last 60 years during which time we were prerilously close to seeing our democracies unravel at various intervals. Just ask the people of Warsaw, Gdansk, Bucharest, Budapest, Prague, the Balkans, most recently Kiev. Other places also gave blood for freedom. Not least Russia. and we have helped protect them and we must continue to do so. Farrage offers us Switzerland as an example. The country which allowed Germans to march across its land to reach Italy while arguing its constituional necessity. Tomorrow also we will start to see the response from the markets. The bookies already know the result. I hope you all get some money back from this annoying interval of financial insecurity. Remain solves not a lot but it's a startl and good luck to all as TCG shows signs life !!
Interesting is it not Harry, that the proprietors of the Times and the Mail have hedged their bets with Murdoch's daily Times coming out in support; the Sunday Times is against. Lord Rothermere's daily is "out" and the sunday version is in. The proprietors of the big media have had great influence over this campaign; all of which are quite odious, self serving people. The Barclay Bros, Murdoch, Desmond and Rothermere/Dacre. None of them fundamentally give a toss about Britain and the wider population. As long as they can wield power they remain happy. Voting 'in" may not solve our political problems. But voting out will mean that we will be hosting yet more disreputable people easing pressure on Switzerland where the shores of Lake Geneva are littered with Russian gangsters who have a convenient citizenship and even more convenient tax arrangements.
When you post something like this try giving links which support your sources, Your "strong sell" recommendation is worthless as it stands. I see you are posting for the first time yet you claim to have numbers at your finger tips which suggests you have been told to write this bunk. Not very sophisticated.
Sorry to say I didn't keep the Sunday Times. Essentially the drift was that she did her job and left. Don't forget that Frankhauser caught all the flak after the Greek hotel affair and he owned up to mistakes. It was obvious he was clueless about British media. That was damaging. HG sailed into the sunset with a big fat pay off part of which she let go when when she was safely off the premises and she could be seen to be making a gesture to the family. Pretty cynical IMO. She was in the top job when it started to be mishandled. People in the know will make a handsome profit soon is my guess.
The bottom is oblivion. But it shouldn't reach that. Anybody entering now should see at least a 25% rise within 6 months. The next move will occur with a Remain vote 23 June. After that we may have passed - trouble free - through the Euro finals. If by the 10 July England, Ireland or Wales have actually won the whole thing then everyone can go on holiday on the back of big profits made on the 11 July. Right now it's all too unstable to see any positive shift. Forget the conspiracy theories. Traders will make money on the highs and lows. 69 looks low to me. I am nursing a big loss now but I am a "remain" person - both in TCG and EU. Wish I could afford a little extra now. Buffet style patience has never seemed harder. GLA
...has a very broad interest in a huge number of companies at this site but has very little interest in offering any substantial opinion. Totally pointless. Ignore this junior PR bloke who presumably works for small brown envelopes.
I am pleased he put his head above the parapet just before the results. PR has been involved which might indicate that the results are OK-ish. And he ought now to be announcing the divi re-instatement. It should be OK tomorrow. Let's see!! My impression is that he was confident. He addressed the deaths in Greece and the mother is now on the payroll at TC supporting the co on safety issues at hotels.. That I found interesting. HG was a fixer. She fixed and left.
I am very surprised nobody has mentioned the lengthy interview with the boss in the Sunday' Times last weekend. If you can get access it is well worth reading. He is frank about the recent past, talks of HG and her departure and most importantly he mentions the dividend. That para is cut and pasted below. All the new initiatives helped the firm to make a profit of £19m after tax last year. That, Fankhauser concedes, is “not much” for a firm with an annual turnover of £7.8bn, but it was the first post-tax profit for five years and will enable the company to resume paying a dividend this year. However, the share price remains a hefty one-quarter off recent highs. “That’s the result of the volatile environment. I don’t see that the value now is right,” he says.
I wish to ease the gloom at this board. Last night China issued some reasonable numbers on inflation/deflation. Easy Jet has just lost loads of money through the really terrible times post Ukraine and through Paris, Brussels, Tunisia etc yet the SP is up nicely. Tomorrow TUI will achieve similar movement I predict - the signs are already looking OK. That ludicrous, catch all factor, "sentiment", that so informs share prices seems to be drifting positively to the leisure industry. If it doesn't reach TCG then we all have the right to gnash teeth and to scream and shout. in the meantime stay chilled. Unless the rumour of strike at the TC airline has substance!! GLA
Boring isn't it? Anybody selling their shares now would be crazy. Business was supposed to go bust pre-Easter. It was Ascension day yesterday so Hawky should now be with the celestial choir in heaven. Shame he left the remnants of his disciples behind Good luck
Since TCG has been talking to Lufthansa since January and there has obviously been a press release today maybe we will will see one of those after hours RNS statements that TCG seem to favour. Not huge news but will definitely have some commercial impact.
Lufthansa interest in TCG airline Condor could be an interesting development. Mild support from the markets anyway.