Member Info for JoeKenny

Cheers munchbox54, I hope people that read my advice took it too

... well judging by the current share price

I agree although not sure when or how, maybe next earnings report or RNS?

Well said, a calculated move that will cut costs and increase revenue, will be back to £5-6 come later this year no doubt and I think investors know this, hence we haven't seen such a drastic decline.

Also with hydrogen power on the rise, think this has great potential for future projects, especially when looking at how well the likes of ITM Power have done.

Hopefully the consolidation will continue to push the price up, combined more so with the fact that it will gain more publicity and more people will want to buy-in (like me today :) )

Think you could be right though, has been increasing for a while. Technology seems to be the only virus-proof stock on the market at the moment

News like that may push this sub 300 again today, could be wise to sell some and buy back in later

I understand that especially with the earnings, but it doesn't seem to get past £2, only spikes now and again to 2.20 so unsure. Then again it technology seem to be the only lucrative stock during this pandemic.

Profit takers and panic sellers will cause some turbulence over the next hour no doubt

Anyone have any idea where this rampant decline is coming from this morning? Haven't seen anymore news?

...on that note fingers crossed for tomorrow/the intraday trading. Yet the message is clear: this is not like it was in March, people are not looking to get refunded but instead to amend their flights; so the revenue will keep on flowing in.

Fingers crossed that the end of day trades can do just that, by reading the finance news you can get a feel that the institutional investors are looking at the travel and tourism sector as having a huge potential to rebound (On this note there was a 2 mil buy-in yesterday)...

Cheers for the advice, was only thinking of buying a limited amount anyway as a punt but not sure how lucrative this company is in terms of growth potential... was stagnant for a long time

Andrew Flintham, Managing Director of TUI UK and Ireland said in a statement: “Following the change in travel advice to Spain our customer feedback is clear, they still want to travel aboard this summer, with over 70 percent of customers with cancelled holidays moving to another destination over the same period or in the coming weeks. We’ve therefore added seven new flights for this weekend to Crete, Rhodes, Zante and Corfu in Greece and Dalaman and Antalya in Turkey and have changed some flights from the 737 aircraft to 787 Dreamliners to help with the additional demand."

This sounds promising, people are obviously more keen to go abroad than expected.
Well as soon a vaccine is introduced there'll surely be a mass exodus of holiday goers and this stock will hopefully become a multi-bagger 2021/22. Even if there isn't one this year there'll be plenty of people booking to go away in September

Anyone think there'll be a steady increase back to 340 by the end of the week if there's no additional news?

Considering other technology companies are on the rise this seems a bit worrying, maybe this company really isn't worth more than £2?

Will Revs go bust? I mean they are banking on nightlife reopening and social distancing ending in October? Seems slightly far fetched and makes you think how far their funds/debt can stretch... not quite the same as MAB who said they could stay closed until 2021...

You have to remember that this is a massive company with very strong fundamentals and has a high potential for an unparalleled demand for the services which they provide in the coming year(s), particularly when a vaccine is found. The profit takers may lower the stock slightly but this is no AIM share where the pump and dumpers create such fluctuations (just look at ITM Power). These are bargain prices, enough said.

Also trying to buy but not sure if I can via Barclays

Yeah I bailed. I truly believed that there would be more than a 15 minute spike on Monday after the reopening weekend but this stock has much further to decline now, the decline will only worsen after the August interim. I would say that there's a potential to buy back late August but with membership potentially having declined further (something which accounts for this company's almost entire revenue) then it may not be worth it. Barclays hinted that if 86% members returned then GYM would break even, but if it dropped more than 5% below that then the shares' 'fair value' would decline by 30% and decline to a price of 45p if it were only 75%.
As said previously, people will return later in the year and if there are acquisitions in 2021/22 then this will be bullish again but until those signs bear fruit then I will remain on the sidelines.