SXX - TCG... Both doomed. Both will fail.19 Sep 2019 12:17
SXX and Thomas Cook... At first sight they could not be more different companies. One has not even produced anything yet, the other one has been on the market for the last 130 years. The differences end here, because everything else points to exactly the same scenario. Two companies. One fate. Oblivion...
I tipped both companies as a Strong Sell a couple of months ago when their sp was at 20.
I said Strong Sell again when their sp was 12. Then again at 8. I kept saying SELL and save whatever you can get, before it is too late. On both SXX and TCG boards I was insulted, ridiculed, called names and vilified.
Both companies' sp is at the moment 4.41p... A HUGE similarity.
Both companies need billions to survive. Both companies are running out of options. And time.
I feel genuinely very sorry for all investors in SXX and TCG. I lost 60% of my investment in PMO, when I bought at 180 some 5 years ago and sold last week at 82, so I am no better than you or anyone else. But to be blind and keep saying that SXX and TCG cannot fail, the Government will help them, someone will come up with the Billions required and the sp will fly sky high is pure lunacy. The writing is on the wall. Sell and cut your losses. Shares in both TCG and SXX will soon be worthless. My humble opinion and I really hope I am wrong. Good luck.