wobbly10 Sep 2011 10:03
Nice to know someone is listening!
Well i didn't do quite so well as you but got out at 230p with a nice profit. Like you, my portfolio is looking pretty sad just now and my funds will have to stay put to wait for a recovery. I do keep some funds for here though as TT is one of my stocks which I have studied a lot.
What I have found is that there aren't a lot of negatives here and the main reason for the massive downturn in sp is market forces and the travel sector being out of favour. Now i don't use rose tinted specs so of course the 100m odd accounting error plus volcanoes and africa have dented what could have been a spectacular company......but that excepted and you see a company which delivers its forecasts to the city, has a good business model, a respected boss in peter long and the probability that in the near future TT will become part of TUI AG.
Look at the year on year graphs and you will see there is a cyclical nature which increases later in the year and into the start of the following year, maybe due to good results?? I got in again at 140p and will sit here for a while now as i ma convinced there is value to be had. Maybe not 250p in the current climate but i can see 200p+ which would give a nice return on todays prices. And if AH get rid of hapaglloyd they will then be in a position to take out TT.
Just a few thoughts for you.