Thrifty you are wrong, the government stats are all going up Read Jet2 annual report from yesterday they are on the up also On the beach also apart from dreadful management who do not understand a Balance Sheet, they are also old fashioned stuck in the 80's
Debt has not been managed correctly that is the issue Plus they have given a trading update Tour Ops booking down 9% Airline down 3%, weak margins , intense competition No upside here
I wasn't accusing you of lying. I know you were not lying. This is another case of believing a company. They have to say everything this is rosy otherwise the company would go straight down the tubes. Does anyone believe PF this am when he says it is safe to book with TC? I don't
You cannot have 'faith' in investing, you have to look at the facts, last years financials were a massive red flag as was Q1 and Q2 You were also telling everyone we were in a closed period until 18th July and there would be no news until then
and never believe the BOD they will say what it takes to keep the company going and people buying their products, this is why the insurers got involved worried about their commitments.
Those airlines could clearly see that they can pick up these slots for a song, they could see what trouble TC was in, why pay good money when they didn't need to, just wait until they have to 'give them away'
We all tried to save their £££ but to no avail i pity anyone who listened to them and followed their lead. All we got was a torrent of abuse. Apparently manchego is going to tutor me in business errr i will decline that offer
members - i have learned from being on here that the gamblers do not have any business savvy, they can throw around disgusting insults but do not know about business. Only yesterday i was being told how TC has been more successful than Jet 2 after the latter's results yesterday. It is futile. I find it scary when you would throw money away when you do not know what you are doing.
Agree lex1 if Fosun do not replace them immediately then there is no hope. As you all now they past this point some time ago but what sliver they have, they have to have new management as clearly their rivals can survive and thrive in this market, this shower clearly cannot (it has been clear for a long time)
RE: Price has to be agreed by existing shareholders12 Jul 2019 10:57
Alexios they need the cash to see through winter so guess 3 months would fit that timetable, without it they could not continue trading after summer season
The airlines deals were not viable, the £300m was dependent on them, hence they now cannot have it and TC is struggling against its rivals, PF has finally admitted it, BOD?
I know all about margins TC in the year to Sep 30 2018 managed to make negative margins, Jet 2 to 31.3.19 made positive margins even someone as 'stupid' as me can understand that Jet 2 is good TC is bad Really manchego you are making this so easy
implied by you... my point to clarify is that both companies faced the same environment and Jet 2 saw performance increase by 27% , TC on the other hand had a disappointing year. The conclusion is that TC is not attractive to customers in the way that Jet 2 is.