Member Info for lejjb

Turnarounds - link to the site please?

You may not get returns within the next few weeks, but I suspect it will go up by at least 30% by this autumn.

If he just want the airline, we should be on our way to 15 to 20p per share - back to the scenario we were in when several companies were bidding for it back in late May to mid-June.

That Turkish holiday and air travel magnate and gazillionaire has bought even more, upping his stake from 6.71 to 8.01%.

It seems that we have ourselves a takeover battle about to unfold gentlemen!

It's not too dumb actually. It seems to have reached a support in the high 9s low 10s, yesterday's RNS brought back a little bit of confidence, and Lakshmi's chart suggest very very good returns.

Yes, Neset Kockar built a holiday empire and mega rich while illbetabuck spends his day ****ging off a share.

Which one is the idiot?

from 6.71% to 8.01%

illbetabuck has been proven wrong.

We are having a takeover battle in front of us apparently gentlemen (and ladies?)...

Actually, it's down to what proportion of the valuation of the business the airline is.

IIRC, the airline is owned by the group, so Fosun wouldn't directly own it.

yes

Yes

YES!!

Likely to rise about 20% again tomorrow from a technical analysis point of view. Hourly, 2-hourly and 4 hourly candlestick charts have shown two bullish triangles - yesterday and today so far.

Announcing when one goes above 3% and steps above that is legally compulsory, but enforcement of the rules and their application is quite loose. So it's possible that he announced only when he deemed he couldn't hide it much longer, rather than waiting for the "ideal" time.
It's also possible that he acquired more shares which have not been factored in, and TR1 could follow later - we just don't know.

However, a point to remember that his name has been plastered in the UK, Turkish (and German iirc) trade press, so his commitment to the company has been made public. Just doing that for the sake of a trade would become public too and ruin his image of company boss.

Good reading of L2 dude.

Well, credit to him for telling us the truth. That confirms my earlier point that the picture he has been painting was highly distorted. Now let's carry on making money .

Ignore the "flat" comment. The SP has definitely not been flat for the past 2h...

But I'm holding for a much bigger amount right now.

About 1-2 months ago, the SP was about triple the current one because there were different interested parties for the airline side of the business. Thomas Cook was not so desperate as to be open to an offer involving massive dilution (i.e. Fosun's).

Now, whilst we do not have an official offer, we have a very rich man, who made his money in travel and had problem getting planes for his business last year, and has a business registered in Germany (allowing him to be majority owner of an EU airline, unlike Fosun), who bought a few million GBP of shares to an extent that his name was splattered on the travel trade press of the UK, Turkey and Germany (IIRC).

You make your own conclusions.

Again, Neset K may have a more convoluted plan in mind, but I suspect he is pushing to have enough control of TCG to make the sale of the airline which is profitable with the current debt levels to him.

The operating income was £250m

From my recollection of the video from the CEO and CFO, debts paid would allow the business to grow again.

2018 turnover was £9584 million