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Having worked for Pendragon twice, and also worked for Jardines where Mark Herbert was (albeit many years ago now) one thing I can say is Mark Herbert is regarded as a quality operator so it MAY be worth a punt at this low level as I have no doubt his change in culture and strategy will bring significant change at a business that for years has been dogged by a poor reputation as an employer, hiring and firing decent staff and treating them like peasants.
DYOR but this might be the change that such a backwards business has been crying for, and this short term pain a glitch while Mark gets hold of it and turns it around.
Perfect storm, almost everyone I know (including me!) holidaying in UK this year and for a couple of years prior. Plus the extortionate prices these companies charge in the school holidays mean they are cutting there noses off to spite their face. I’m not paying £4K for a holiday in Mallorca for 2 weeks, i’ll Spend £1400 in Cornwall thanks and take the gamble with the weather.
Great news for UK tour industry and economy, bad news for the travel companies tike Thomas Cook and Thomson.
I agree, I often benchmark this against GGP (which I held and did very well out of). This is under the radar, low share float and MCAP means when it does eventually go it will go big time in my opinion. I only have a modest holding here but will be looking to top up as soon as able. DYOR etc.