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Some weakness in a booming market.. Are BOK hit by falling pound? wouldn't have thought so. Any ideas?
TUI seems to be ahead of TCG once again in the Bookings and Revenue fields. Perhaps China and the opening up of trading opportunities in both directions will assist future growth - otherwise I can't see any real encouraging trading with this model.
Thanks MaverickD, I appreciate that Standard Life have increased their stake, presumably on a takeover chance. At 60 odd pence, a reasonable punt. I am at a higher level of cost and continue to be disappointed with the way Management have failed to put out any positive points or change the operational side from a consumer viewpoint. Turkey and Egypt are really causing TCG more problems than the other operators., it seems. There is no sign of any new initiatives from Mgt or dealing with the real threat from pullout newpaper holiday deals,. These latter are taking out the higher spenders from the TCG/TUI circle. Never mind the cruise market... Bad choice on my part, I think! GL
Once again, the Management have failed to keep major investors happy as seen by the Jupiter sale. Fosun purchase of WWFC will surely result in a TCG logo on the shirt. But even if Fosun were to launch a takeover bid, the price will be below £1.50. I am a long term holder and use the company for holiday breaks when I can (no discount or anything..) Not been impressed by them altering return flights late into the night after booking, either. Total lack of contact at airports, on transfers and in resorts. I will offload and find another operator if I can bring myself to take the loss. Only bought because of HG and should have followed her lead...
New deal and further cash call.
The general Brexit malaise is hitting today. Or it just rained over Europe. The share seems to fall for any obscure reason you can find. Unfortunately, I am not convinced that the present management are up to the job. On holiday with TCG in 2 weeks - I will reserve final judgement until then.
Three times more sellers than buyers yet SP rises by nearly 3.5%. ???????????
So what is really supporting the price increase? Is it merely expectation of another deal by the same trusted management?
Sorry, but over 310p means I'm out, for now. Despite good recent growth, I am not convinced that the travel climate is likely to support the highish P/E ratio . Every faith in Ms Swann and will watch from the sidelines and wekness in price may get me to jump back in. Night Night
It seems there is very little trading or comment here. BUT at least people are eating and drinking at each airport concession and the business keeps running. The UK weather will continue to aid holiday departures I will wait for results again and contact myself again in a few months...
Clearly if they dispose of the fleet they lose control over the business to a massive degree - they just become another travel agent putting the different elements together. Only by combining large hotel bookings, operating their own airline and managing large costs better can they beat a one man band. It is a matter of scale and if they can't increase profits in Europe this year with high capacity it's time to change the management. HG was a hard cost cutter but as you say she ran out of areas to cut. The website was improved too but it is still not brilliant. Outsourcing aircraft is ok if you have total control over their use but if the operators fail through poor passenger take-up and margin then TCG is up the river without a ....
The recent announcement that there are 25 new A321's coming into the fleet is at odds with previous statements saying that 7 new A321-200's were added in Summer 2015, with a further 4 new ones in Summer 2016. Those bring the number of A321-200's to 22. Are they referring to other A321's or do we need to count them out and back in again? Getting concerned that talk of a disposal of the fleet is even under discussion. But it is a few years ago that Contract Hiring of cars was thought to be racy... The Airline industry has always using leasing etc. BUT it gives the wrong message to holidaymakers and shareholders about the decision making going on in the business.
Since the return of capital, the share price has progressed very well. Expectations of another deal, I suppose...
Some shareholders want to invest in a growing company that increases profits and sustains a dividend. Penny shares have a place for the small investor, like the dog track. I just think that diligent management want a stable share price for their future dealings but it is clearly not bothering them at present. They have enough operational issues to deal with, I suppose. 10 to 1 - the field!
Like Harry, I have been advocating a 1 for 10 for some time. If management don't think the cost worth it then they may like to consider their position of a falling share price and an aggressive takeover. But on balance, they would all get paid off - so no incentive to consolidate there, then!
Hopefully, SSPG will benefit from customers crowding Spanish airports this year with the lower visits to Syria, Egypt, Morocco and perhaps Turkey. I am not sure if they have greater coverage, though. Still, I shall just wait for XD fall and see if worth buying more. Dividend in March for existing holding :)
Where are the 70 year olds buying from now? Nowhere - as the weather is still unseasonal, I suppose. Just need a bit of Jack frost and the winter draws on... Still surprised this company has done well so far given the Supermarkets increased clothing sections BUT regular 25% discounts in Sainsbury Tu must affect BON sales everytime. Perhaps they need to expand fully into menswear (or have they already? - never been in!!)
Good solid performance despite many difficult travel issues this year. Nice to see a dividend, too. If the business can increase global coverage then there are growth opportunities; increased security at airports will also increase dwell time of the customer base. P/E reflects this , of course It's a hold for me. Unless Kate goes back to Tesco next year...