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But 189 is back on the chart. We will see this price again.
111p. When it bounces, and it will, and manages to clear 127p, 160p is next stop.
The chart is lined up.
Still here. Go back a few months for my chart update. It's still valid and hitting targets.
186 166 Could see 'them' taking it back down to 126-128
9-10 November 2016: 191-193.
Finally broken out of it's rut*. I'm just waiting on indicator information for this to visit resistance at 97.55, and if broken, 105.15. Massive engulfing candle yesterday and we're sitting well above support on the daily. Monthly engulfing is a giant green beast, absorbing March's light indecision. If the above prices are nailed, as in solid vols and bullish candles, then 127 and 137 come into view. *day and swing trading this since December has been a dream come true - buy 84, sell 88.50-90.30.
Thomas Cook has said the holiday market is starting to recover following a series of terrorist attacks and political upheaval last year that dampened demand. High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our T&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. https://www.ft.com/content/6884e33a-e127-331b-a4b3-d45ad416117d Bookings for this summer are 10 per cent ahead of last year and the tour operator said it was “seeing early signs that customers are beginning to go back to Turkey and Egypt”. Demand for Turkey and Egypt fell sharply after the bombing of a plane from the resort of Sharm el-Sheikh and a violent attempt by the Turkish army to overthrow the government. Thomas Cook said it had instead expanded its offering of Greek holidays and bookings for summer holidays here are up 40 per cent. In the UK, it said numbers of bookings was flat and average prices were up 3 per cent.
Early Santa & Trump rally. I'd like to see it close some of the gaps in the mid 70s though. Also looking at fundamentals, not that they matter **** in this day and age, forward EPS and P/E of ~10 it's not worth more than 89/90 on paper. Saying that TCG has traded at P/Es of ~35 in the past. Looking at the chart again it will probably touch 95, if cleared the ~108 I mentioned comes into view, then ~137. The catalyst for these prices would be a very good Q1 update, which I think will be stellar looking at how resilient the business model has become.
Now reached 88+. Red hot and very overbought short term. Will exhaust itself from here. Stochastic just turned negative.
Agree. This is ripe for being taken over by Fosun. £1.3bn market cap.
Nope. Just ticked down 40p.
SP isn't moving, gone into auction? Doubt it but will be happy to be wrong.
OK folks, let's have a look: Daily Overbought and red hot on all indicators, it's trying to reach for 88.4, at these prices I wouldn't go near it short term, 90 I have penciled in as it's 12 months forward P/E (or close). The gap up from 22 Nov close 73.55 --> 23 Nov open 77.50 I'd like to see being closed. I am sure it will be closed in due course. If, or rather when, we get into mid to low 70s I have more cash ready. Weekly Just going into overbought and hot on the Williams %R, outside its Bollinger band at 81.5, RSI still not overbought, why it keeps stabbing higher. Sitting very comfortably above support at 76, why I think we'll revisit this floor at some point before going higher towards high 80s. Monthly Bullish engulfing candle which to me looks like a reversal pattern as vol has also increased, however, still sitting below major resistance at 89.2 why I believe we'll revisit mid to low 70s before heading higher. Gaps to be filled We also gapped down 101.60 --> 98.00 on 15-16 March and at 89.50 --> 81.70 from 18-19 May. These gaps, in my opinion, will be filled eventually, taking us higher. Then we will be sitting above resistance ~89. 12 month outlook When 89 resistance is cleared, I am seeing 108.4 coming into play. But challenge with this thing is FY17 pre-tax income is a measly 17% increase on FY16 to 330m. This only warrants an SP of 90 on the forward 12 month P/E of ~9.47. P/Es over the last three FYs have been ~10, so nothing here to make me believe FY17 will be any different. And the SP of 90 warrants that all updates are on forecast, no nasty surprises. Saying that these days an SP is more often than not driven away from its fundamentals by algos and after 108.4 comes 137.4. That's a huge jump of 63.5% from where we are today. Fosun might surprise, driving traffic away from high risk areas makes it a safer bet/less volatile so never say never.
Are you for real?
Agreed. Join forces if you can't beat them.
Quickly crunching today's numbers and comparing to FY15 results where we had an open SP of ~103p at the start of trading, finishing the day at 109p and a P/E of 10.67, the FY16 SP, based on the same forward P/E, should be 85p. But it's getting overbought on the daily, hitting red on most indicators whereas last year it was oversold before results. On the weekly it still has a bit of power left and sitting above its trend line. Same for monthly. I am thinking the algos will take it up to ~77, maybe a bit higher before it fizzles out due to indicators being too hot and the fact profits are down.
308m vs 296m... that's good.. but the divi... 0.5p. Not surprising seeing EPS was only 8.5p.
Wonder if Fosun could help TCG achieve more favourable loan/debt terms...
Profit guidance stays as is - better than another hike south!