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Had a feeling it may drop to 10p region. The board have handled things pretty poorly. I appreciate the difficult situation and that vultures are circling but the communication strategy is awful. Still its been to 10p region in recent times so could it recover again. Retail and travel sectors are so under pressure atm. Glad I didnt buy back in earlier this week!
If you are invested I can understand disappointment at todays drop. I do struggle to understand why people have such negative views on SS. Prices go up and prices go down. Its no different from going to the races and betting on one horse to beat another. SS is an integral part of the market and the chances are that if you have DC pension fund one of your fund managers will be taking short positions at any time....its called hedging. I had a feeling we would see a drop back to low 20s so glad I cleared at 27. I'm watching with interest. I would be very suprised if there is not a positive outcome from the recent events but there are no guarantees as always....hence SS positions by some IIs
New investor here. Been watching for a shortwhile and now made a purchase on the back of Dunkerton wrestling back control. Impressed by the swift actions...the childrens line was never going to work at premium brand level. Back to basics. Going to leave these in the bottom drawer.
Dont think thats a fair comparison. That said this share is likely to be volatile as sale, restructuring is all speculation at this point. Sold a chunk today for tidy profit but have a small holding remaining as I feel there is more chance of more blue days in the short term. Thats how I hedge risk...I dont short...just my approach. I am a positive holder but agree with some posters about people not getting too bullish at this stage. Gla
Did DEB have any valuable assets? Dont think so.
It will be very interesting to see how this pans. The fact there are likely to be several interested parties should bode well. As always no guarantees.
It may not rocket tomorrow as some might think...it could be a slow burner. Either way I would be delighted at 50-75p whether thats in weeks or months. Think £1plus might be stretching it.
Just a bounce would do...get out of the 20s would be nice for starters! Lets hope better times are ahead. I only have 2 stocks left in my portfolio...this and POG (hopefully that will phoenix from the ashes). I shifted the rest into cash over concern over the B word. But markets have largely shrugged off that off although bond prices have been volatile. Kicking myself for selling out of ASC and KAZ too early...could have made some tidier gains. Timing the markets v time in the markets...i never get it quite right. But I am learning along the way!
Dont know how you can compare TCG with DEB...clutching at straws there really. How DEB survived as long as it did will never know...and amazed people invested in it considering the retail change in last 10-15 years. TCG have some good assets and are changing direction. Think the SP has been hammered to give lift to a takeover...but any suitor will have to pay multiple of 25p. Yes it has debt but dont most companies. And a lot of their bonds dont mature for a few years...so no major pressure on that front.
As investors we all have a common goal...to get return on capital. If a takeover achieves that then fine...to a large extent its out of our hands. And it doesnt appear a hostile takeover as the Board are instigating the strategic review. Appreciate there are holders who paid much higher prices for the shares and any sale may not achieve those prices. But a higher price is better than languishing where we are.
Safeguarding the business is the most important thing...and jobs of course. Whilst I dont think there is any majorvrisk to the business short term...now is the time to recalibrate and put it on a sounder footing...however that is achieved.
I dont think selling the airline alone is the answer. Although the Board are repositioning the business with diversification and reducing fixed costs...perhaps the time has come to sell the crown jewel. That way investors and lenders get a good deal and then give the remaining business to private owners to take forward.
The sale, whether just the airline or the whole business will be complex. Yes the company has debt but they are entering the period of the FY when it 'naturally' reduces..that should help. The airline is a major asset 1) because it makes money and 2) it has key runway slots at big airports. If just the airline is sold then TCG should get a 'fair' price. But if it is complete takeover then possibly less so. Either way TCG is worth far more than 25p. The sale/restructuring process started a long time ago and thats why the SP is languishing...those in the know etc. I think this is good news for shareholders...a lot of uncertainties out there at the moment. Travel is a jungle of a business!
I didnt intend to appear flippant masaimara. Just I would have expected more info if it was a serious breach. But I take your point about not being good timing with a fragile SP. TCG is going through one of its volatile phases...but thats not unusual. Its always been a rollercoaster partly due to the sector. I'm holding...wont be averaging down if it falls further as it will either leap back up or be bought out. Long term play for me.
Storm in a tea cup if you ask me
Topped up this morning. Hopefully time for a bounce...well oversold imo.
Entitled to your view. But I dont think bold statements like that are helpful! Its the equivalent of me posting BUY BUY this will be 2 quid in the summer.