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I refer to my post on 19th May in which I gave my opinions on how I felt TCG was definately worth a flutter circa 9p, especially if it dropped a little further. I had a few comments advising against this, but I tend to back myself in these situations, so I was wondering if anyone actually followed my lead and bought in circa 9p with a view to trading the share and selling at a pre-determined profit? I partook of a number of shares, though not at the bottom price, and also sold them again at a very pleasing profit, though again not at the top price, so I feel comfortable with my trading. Once a figure is settled on mentally that gives a decent profit, trading can be enjoyable, but it does take discipline to avoid being greedy, which has that habit of then costing you most of your profit!
So, did anyone but in and trade these for a decent profit, or are most people looking to hold longer term?
That may be but in my opinion it is still worth a flutter, provided you can afford to lose the amount paid out. If for example, the price drops to 8-9p tomorrow then that is imo a cast iron opportunity to make a profit trading the share. Again I stress, imo there is no way this company is going to go bust. It is not a tiny AIM share going through its death knells. It WILL recover somewhat, and that gives the profit I am talking about. Of course, one needs to understand trading a share, and disciplining oneself to get out when having reached a profit you have decided on. I may, of course, be wrong, but I am prepared to back myself, if only with a small flutter........
Over the weekend I have been carefully looking at how a broker such as Citi can give a zero value to this share. Agreed the company is in dire straits, but this seems to me to be very much over the top, unless the valuation has been given with the intention of paving the way for others to purchase high volumes of the company at extremely knock down prices. It would not surprise me if the SP dropped a little more yet, and it would also not surprise me if it went up 10-15% either. I certainly do not believe for one moment that TCG is going to go under. Moreso I believe that if anyone has a spare £1000 out there then it may be worth a flutter on this at the moment. Regarding holding for a longer term, that would be out of my comfort zone for now but I do believe that a profit can be made in the short term by trading this. To this end I may well drop a little in myself.......
Miss G, I have to agree with you that those days of TCG rising from 12p up to the 180's were fun days and it seemed that every day we were able to witness more positivity both in the share price and in the recovery mandate implemented by Harriet Green. I had to write my piece on this yesterday as I felt incensed by a post from ''rustybucket'' decrying the efforts and value of what HG did during her all too brief tenure with the company. Again, to me this smacked of male chauvinism. Whether someone is male or female, they should be judged by what they achieved and in HG's case her achievements will stand up to the highest scrutiny. The awful demise since then is testimony to the inability of the BOD to understand what is required to run the company. Sadly, we can only wonder what may have been had they kept HG on the payroll.
I have to disagree with you regarding Harriet Green. She was brought in to do a job and turn the company around, which she did admirably. The problem was that the company was so old school in its ways, especially the Board, that she literally scared the pants of them. Yes, she was ruthless, and that was exactly what was required. She realised that the complete operations had to be streamlined and this meant lay offs and closures, but this was what was necessary. The share price climbed to the mid 180's from 12p, and she became the face of Thomas Cook on tv and media outlets across the country. Of course this scared PF etc and the rest so much that they felt that she was more important than they were in the company, something which was fact. The only course of action for the Board to retain the old status quo was to remove her, which they did whilst paying here handsomely. Harriet Green was no fool and realiised the odds were stacked against her so was happy to go.
She had done everything, and more, that had been hoped for when she was appointed. She had turned the company around and savvy shareholders had been able to make handsome returns from her efforts. I know that I benefited extremely well from TCG during her tenure as did many that I know. After her departure TCG became a vehicle for trading, again which I enjoyed handsomely, before the old ways returned and the writing was on the wall with regard to the future prospects of the company.
Two points I would make which are relevant today: TCG started its demise long before Brexit or the problems in Tunisia etc began so trying to blame them for its current position is ridiculous. Harriet Green demanded to bring the company up to date with online bookings and closing its stores, which PF and the Board fought against. Even now, with over 600 travel shops, TCG is bleeding money while millions book online.
Secondly, would the Board have adopted their stance towards removing Harriet Green after doing everything that was asked of her if she were a 50 year old male instead of a fashion conscious female?????? I doubt it very much.
My apologies as I believed you were insinuating that I was a gambler, which is not the case. I share your discomfort at the losses incurred by many who do actually gamble away money they simply cannot afford to lose, and which in many instances can cost them jobs, homes and even marriages. Though at times tending to be unsympathetic towards such individuals, believing that everyone makes their own decisions and must stand or fall by them, I have mellowed somewhat and understand how easy it is for the undisciplined to get carried away by rampers on these sites but more importantly believing in companies and directors who simply do not deserve that luxury based on past history. Sadly many out there do not bother to research the backgrounds of the individuals who are behind many of these AIM companies, and believe that just because one company can offer significant profits in a relatively short space of time then all others will, which is in fact, the opposite.
With regard to staying invested here and being excited about future promises, I am afraid that first of all it was never my intention to stay invested here as I saw no likelihood of long term profitability that would warrant such, and secondly having bought and traded in several companies that have had DB either at the helm or, as you so appropriately put it, lurking in the background, a pattern has always been prevalent utilising rises in price to draw people in and then crashing, never to regain the price many people buy in at, all seeking their fortunes. I felt that my buy in price was at a good level and was prepared to wait an anticipated 5/6 months before the expected increase, if my suspicions were correct. In the event that I was wrong I am able to lose the total amount used to buy in (albeit not happily) but sure enough the price reached the level I had expected and, though not selling at the very top, I sold at what I was happy with to earn my profit. I don't expect any significant increase in the price now, though I may be wrong, but I am content with a profit and not being greedy. Being greedy has been the ruin of many who have played with AIM and I note that many have bought in now at 43 and 44 p, hoping for that elusive multi. Personally I believe they have missed the boat, but who knows? Best wishes.
Certainly not a gamble, and I most certainly am not a gambler. I would also not buy any share listening to so called rampers who are evident a mile away. I would also not buy back into this share. Knowing DB for a number of years and how his business ventures acrue finance and are solid for a time before slowly, and sometimes not so slowly, collapsing into oblivion, I see nothing with this share to make me think this will be any different as the pattern is the same as other DB companies. I do, however, believe that anyone looking to make lots of money by hanging in here will almost certainly lose a great deal if they believe the price will escalate much more than it currently is. So I have been in, made my profit and am now gone.
I am so glad I ignored the ''wisdom'' of Miss G with regard to her slagging off the chances of making money from this share, when it was 20p. Having sold at a profit of 100% AGAIN I can only smile at the self conceited soundings off of this person. LOL
Having held this in a former life during the Harriet era and made a lot of money by selling near the top and then trading regularly it is sad to see it has sunk so low again. I doubt it will ever get back to where it once was and I only hope some of the long term holders from then sold out a few years ago instead of still holding hoping for that mythical £3 mark.
And for your information we recommended to give this particular share a wide berth when it first came to market and we were proved 100% correct. We certainly had no interest in buying into the stock. As I said, I work with Premium investors who are very successful.
I certainly don't need someone like YOU to tell me about investing. You are just pathetic, thinking you know it all. Small fry. That's all you are. I work with very successful investors who know how and when to invest. But they do not need to brag about it.
What arrogance! MissKnowItAll. Thank God there are those who simply ignore this drivel.