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Agree with all you said there PVX. Hindsight is a wonderful thing. They took 2 big gambles. 1 certainly looks to be paying off. Jury still out on the other but improving hopefully.
Someone seems to be mopping up shares on the cheap. If pog continues progress and the irc noose weakens (or goes completely hopefully) could be a significant re-rating here. God knows us long term holders deserve it!!
As you say everything pointing in the right direction. I know SPs and markets dont always make sense or align with news but I expected 11-12p range by now. Iam a patient investor so another 6 months or 1 year, 2 year whatever...as long as it stays on track and GP doesnt fall back significantly! Hold for gold lol
I'm a lth...went through the RI few years back. After the further positive update and increased share transactions I am a bit disappointed that the SP is below 10p. It should really be way north of here given the massive change from where we were. Much improved credit ratings too. I guess I am going to have to wait a bit longer...I just hope this all comes to much improved return for shareholders and its not pie in the sky and skullduggery. One day....
If you took any notice of people saying to pile in at 10p+ last week...you only have yourself to blame.
TCG is now held by the balls by lenders plus Fosun. There is no short term value in TCG. You might get lucky on a quick trade...but its casino investing.
TCGs state of affairs is similar to DEB. Completely different sectors and business models obviously...but similar in their precarious situations. Be cautious peeps!
Thanks...thought that was the case. I do think that the recovery is in full swing. Pox hub is a game changer. IRC sorting itself out is a brucie bonus imo!
What was that massive UT at close?
I'm out. Hated selling my last stake at a 50% loss but had to do it. Too much uncetainty on the turnaround deal and just have that feeling that sh's are going to get shafted. It all seems a bit underhand. Hope i'm wrong and peeps still invested get a decent deal if the refinancing plan goes ahead. Good luck guys.
And lets not forget the pension fund. Although it is an unsecured creditor the Regulator will be all over this deal having had their ass kicked over Debs, Carillion, B Steel et al
Oh what a volatile market it is. Can be a cruel mistress at times. Ive been out of oilies for about 6-9 months...but watching with interest now. It could drop further as it did a few months back. Not deramping just have the scars from trading in recent years. A lot going on economically and geopoloitically atm...hopefully the market will settle down soon.
To those who bought/held over the last week or so. I didnt as bottled it. I do think some people/organisations have some serious questions to answer over the way this share was driven down to under 10p...disgusting really. But nice to see PIs having the last laugh hopefully....pity I didnt ignore the noise and bought at 10p.
It could easily slip further as it did backend of 2018. No i'm not a shorter....just have the scars from long position timings!
Having a broker update/upgrade also helps. Equities quite volatile at the moment. Although some sectors fareing better than others. Some big boys are at 3 year lows...EZJ and BARC just a couple. They could drop even further if there is a general risk off movement. Watching these with a lot of interest
Yeah only back to where we were. Think the sp got dropped around preclose in case there was more bad news. But there wasnt so for now some stability. If JD can weave his magic then this wkll be reborn...or taken over. JD Sports are building an empire but they are acumulating retailers rather than clothing brands.
Its not so much the appointment in isolation its more evidence that required actions are being taken to turn things around. It wont be a smooth ride. Although the company is not performing as it was it still makes a profit.
It is clear that TC and the airline industry in general are under pressure atm. But i cant help but think some of this has been concocted by other parties - banks, hedge funds, fosun etc. Create a load of smoke and its difficult to get pinned for any wrongdoing and picking up assets on the cheap. Just my views
The pension deficit is pretty much irrelevant to the current situation as they can usually have around 10 years to pay that off...longer if a company is struggling. And the Government dont step in...they dont need to. There is a massive insurance fund for final salary private schemes that steps in if the worst happens.
Some very good points there foxy. Whilst the current board are trying to modernise the business (with chinese help it must be said) they appear stuffy in their ways and their pr image is awful. I think they were frightened of a powerful female and got shot of HG to early. This may rise from the ashes...but its more of a gamble then an investment as i see it!
Looks like its gonna go sub 10p. Its been there before...but the mess is greater this time around.
Cant see shareholders doing well out of this mess. Only banks and bondholders. Absolute casino gamble now sadly. Anyone still invested...I wish a good outcome for you.