Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
For Sure one thing is has become apparently obvious to me regarding the sp. Even if the results are absolutely amazing , we are not going to get a sustainable uplift of the sp to anything like we are hoping for. This has been backed up by the reactions to other travel stocks who have reported. This is not just market manipulation , I believe there is a genuine fear of investors of what the future holds for travel stocks from September onwards and into 2024. It is not all market manipulation. This fear being driven by the uncertain economic climate which we are in. And there is no obvious and apparent time that this climate will end. Looking to me like we will have at least another year of this uncertainty. The problem being that the longer this uncertainty drags on , the demand for travel could be adversely affected. It's a really very uncertain and strange time for travel stocks. As regards my own Tui stock, I am not expecting any substantial uplift for at least 2 years now so one to hold unless things get so bad that the sp seriously dives. What will be will be and there's nothing we miniscule investors can do about it. Having said all that I would like to think that in a month or two I will have to eat my own words , being proven wrong and having made myself look a right pill--k for saying it. But somehow I don't think I will.
We simply don't know what's going to happen on the 9th. The way markets have been reacting to very good updates makes it impossible to predict. What will be will be. Let's just hope it's not worse than we are expecting.
Just a note on all the wildfires --- authorities have now begun stating that most are actually being caused by arson!
SK --- I believe Tui are absolutely correct as regards the content of that statement in that they should continue holidays to Rhodes. They have demonstrated an air of caution but they wouldnt send tourists into a blazing hell! Whereas the situation on the island as per wildfires is terrible for some holidaymakers , it has vastly been overblown by the media. It is a relatively small part of the island which has been affected although the media would have you think it is armageddon and that all the island is on fire , which it is not. Hysteria and panic has set in from the authorities on the island which in turn has made holidaymakers panic. Yes tourists were evacuated through possible danger but it has been vastly overdone. Have any hotels been burnt down? No they have not! Panic will subside quickly and this will soon be forgotten. Get on with it Tui, nothing wrong in what your doing.
Osg---- the inflation rate has dropped from 8.7% to 7.9% but this dosnt mean it has dropped 0.8% in one month!. The rate is quoted as a yearly rate so over a yearly period it has dropped 0.8% , this yearly period being to June. If you take it over a monthly average period it's fallen from 0.725% to 0.658% , a monthly average drop of only 0.067% , less than one tenth of a percent , not much in the scheme of things. Hope this helps.
Yes indeed , let's not forget the elephant is still in the building , that being the debt. Big progress has been made in reducing it of course and not many companies operate and survive without it but it is still big and will always be a burden and a discouragement for investors but as long as it can be controlled and future profits increased then hopefully it can be reduced and dividends re introduced. We will all have to wait and see what the August and November's reports say before we really know where we are heading ----- hopefully flying up to the blue yonder in the sky!
Keep your hats on everybody, weve been here before , several times! Interesting day tomorrow with Easyjet reporting. Should be good results but impossible to predict what effect it will have on its peers sps and indeed it's own sp ----- look what happened after Jet2 reported good results! Its a funny old game!
Mike---lets hope that is the case , bookings being that good that extra capacity has been put on. And as you say we will get a better idea at the August update --- which isnt far away ( blimey it only seems 2 minutes ago that the May update came out lol )
Following up on my last post and stilles link regarding bookings ---- whereas there is no availabilty for our chosen hotel in September , there is plenty of availability in the next 3 weeks for both our chosen hotel and other hotels in the same resort. Bit odd because it is normally the other way round , ie booked up in July and availability at the back end of September. Don't know what to make of it really? Are bookings as good as we think?
Been trying to book our favourite hotel in Turkey for 2 weeks. Completely booked up until October from all airports so no chance whatsoever. Also very limited availability to the same resort so bookings seem to be good , fingers crossed.
Very suprised Jet2 have not pulled back further today after yesterday's big drop. A good update from them but obviously not liked by the market. It cant all be down to the economy! Tuis next 2 updates ( particularly November's) need to show something exeptional to get the sp up significantly.
Can't say I am surprised about Carnivals big sp drop today. Yes they recorded record revenue for the latest 3 months update but they still managed a loss of over 400m dollars. That is a lot of money to lose when you have record takings for the period and still dont come out on the positive side. It just shows how hard it is to make money in travel. . I think investors are now getting tired ( and harder to the fact ) of waiting for that special word in travel stock updates ------- PROFIT , especially in a company with so much debt. Does the situation for Carnival have any similarities to other travel stock? Well yes it does ---- Tui. Augusts update needs to be exeptional to move this sp considerabally upwards. I hope it does but i am suddenly feeling a recent change in the amount of people making bookings.