Member Info for Bluelight

On a positive note TCG was forced to close applications for its flights to the champions league final due to high demand, sold out. Come on you Spurs!

Agree Spot. I think anyone invested knows the issues, so this update shouldn't be a surprise to anyone. Price movement for me is more a result of TCG being shorted heavily and shorts trying to justify a decline, which I believe will revert later. It's always a high risk share, but for me that update doesn't make the situation any worse. In fact no rights issue, and bank loans / airline sale progression actually make it a safer investment overall. Still high risk mind you, but its all about risk reward appetite.

Call me an optimist but my instinct tells me this might actually close higher later. Get all the bad news out of the way

Interesting price movement. I own a few of these and don't have the slightest interest in selling them now. Not a great update but hardly the end of the world. Hold for now and lets see where we end up later

Right that's me done bothering to look at TCG's constant ups and downs. Have my profit level alerts set and will take a gander when they trigger. Losing all interest in the pricing shenanigans going on. When it trades below a price prior to takeovers and buyouts that's when you know its being manipulated. No point even looking at the price whilst its in this mood.

Quite interesting that the bonds are up c20% since the Lufthansa confirmed offer, yet the share price is unmoved. Fun and games going on with the shares me thinks.

Its up to the companies making an offer whether they want to make it public or not (eg Lufthansa). All offers will be confidential so, if a bidder doesn't want it known then they wont comment. You might find out post event which bids were successful / unsuccessful, as those bidding companies aren't so concerned about confidentiality after its been awarded.

When a company tenders does it have to release an RNS stating every company that has tendered? Answer to that one is no. They will release an RNS when they've made a decision regarding the offers.

The day you start listening to bank analysts is the day you give them your bank account details and tell them to help themselves.

Yep looks like the underlying shares are pricing a too cheaply. Likely as a result of day trading activity. Be interesting to see what they open at tomorrow morning.

Bonds say differently, they are currently up 16% today

Its the first one, I'd expect to see a few others throw their hats in the ring. That would leave fosun free to bid for the holiday side of things. Combined value of both bids should push us up nicely into a decent takeover price range.

And its a bank holiday on monday, so if something does happen over the weekend then it will be a big gap on tuesday.

FOOT is a good example of what happens when people under price a company through fear and uncertainty. I'm not saying there will be an offer for 80p, I still think 40-50p would be the right level to get a deal done. But as the past has shown, takeovers often surprise.

A share price can move anywhere it likes as its a price people want to pay for it on that day. A takeover / sale would be priced according to what the buying company values it at. Whether the share price is trading at 20p, 30p, or 40p today will make very little difference to what the takeover offer will be. It will be a value of the assets, plus goodwill, plus any structural benefits from the deal. I doubt anyone would expect an offer to be anywhere near this level. What level it will be I have no idea, but certainly significantly above where we are pricing currently.

My personal thoughts are that Fosun have made an informal offer, subject to the airline sales being agreed (given they cant buy that part due to EU rules). Would make sense why they'd set a deadline, as Fosun are likely pushing to get an offer on the table. Just my thoughts, but I'm very surprised today's price action has been how it is. If anything I would have thought it would have gone up. Guess we will see if I'm right or not over coming weeks.

Yes, yes. Fear panic run to the hills, the end is nigh. Heard it all before, and I'm sure I'll hear it a thousand more times any stock has a bad day. A little dull

Yeah probably. Seen it happen a hundred times before. Patience it is. At this price theres no value in selling, way too low given possibilities on offers, its dropped too far, waiting game for the offers now. Should be interesting next week.

So let me get this right. So far I've seen 5 0r 6 names of companies looking to buy TCG or its airlines, and now have a date for initial bids on the airlines. Fosun is hoovering up shares for fun. Yet the price drops to 23. I must be missing missing something, because to me it looks like there will be a rather competitive bidding war coming. Hey ho what do I know, I will stick the shares away until the offers get me my profit target.

General musings. i do often wonder why investors feel a need to throw money at small high risk ventures when they can get a good divi and good capital growth potential at a number of big players such as RMG / VOD etc. Just look at the likes of SXX, diluting the hell out of investors constantly and yet people keep throwing money at it willingly. I don't think its unrealistic to have a 100% long-term upside share price target for RMG (500p), and yet there currently seems limited appreciation of this. People do seem to love the roulette wheel of higher risk investments, which very rarely pay a return. Strange one for me that