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No comment from the BOD and therefore it's just a punt at the casino now, red or black.
Exactly Amers, any rise above 20% would normally expect a speeding ticket RNS. The BOD clearly know the reason for the rise and they should comment on it.
Neset had 8% or 123 million shares, 16 million were sold on Friday which was over 1% of the total issued and 10 million today. TR-1s are always delayed a few days to protect the rich. It's disgraceful.
Whitebox and TT International have some nerve don't they? See if those hedgies have reduced their short positions tomorrow. They appear to be riding it out for now and while there is no plan released for the TCG BOD to comment on, they can consider Neset as just another punter on the stock market.
https://shorttracker.co.uk/company/GB00B1VYCH82/
You can see from the chart that there is strong resistance at 13p. I will be amazed if that gets broken.
Another £1 million delayed reported trade at 10.892p. That was a sell and that makes £2 million in two trades including the one on Friday. This has to be Neset taking profits surely. Where is the TR-1 and where is the RNS from TCG about their opinion on the rise. Getting very risky to expect another similar rise tomorrow, but you never know.
Peter Funhouse is so smug in that video, he will be out of a job by Christmas by my guess.
Where did it all go wrong?
https://www.youtube.com/watch?v=BwpK3F2Ik4s
Then he runs the risk of being wiped out by the current plans already stated by the BOD, he is taking a big risk, Look what happened to Mike Ashley at Debenhams.
pione3r, please explain what you think Neset has to offer TCG shareholders, thanks. I like your 'ç', are you Turkish?
He's after the hotels then by the looks of it. Found this, also in Turkish I think.
https://www.youtube.com/watch?v=t7PhS-bJXX0
Here he is in person, judge for yourself. If you can speak Turkish, even better.
https://www.youtube.com/watch?v=lVTfwhIHJx4
There is not a lot on his Twitter page, found this song though from one of his links - catchy!
https://www.youtube.com/watch?v=6tlc_PFr28U&feature=share
https://twitter.com/anexneset
What is the plan, what is the intent then?
I have already said that I believe Neset is out for a quick profit buying up shares on the cheap and using his background to convince others to buy in thinking that he may have a better deal. Of course, others will disagree and that is your right.
There was a huge 16.7 million share trade for 1% of the company after hours, who was that? It wasn't me.
If I was in charge of Thomas Cook, I would have restructured the business years ago following increasing trends in online DIY holidays rather than the package holiday. The younger generation are getting smart online, they can do it cheaper when organising it themselves rather than through a travel agent. Young folk are strapped for cash with student debt and ridiculous deposits required to get a mortgage. Baby boomers like these antiquated BODs have completely misunderstood what has changed and failed to adapt.
Thanks heardy, I got plenty more opinions to bore people with. I'll leave it for now.
Thomas Cook as it is now is no longer viable, it will be broken up either under the terms of the $750 million Fosun rescue deal or it will be sold off in administration. Shareholders have a choice at least of recovering some money with Fosun although it will be pennies. Neset is a chancer who has played a blinder on the shorters, but he has no intention of following through on offering a better deal than Fosun have. Just wait, next week and all will be revealed as CEO Pete Fanyhoser needs to comment, he is still there for now in charge, despite his and the Director's not watching the ball.
Yes, I'm being cynical, I know. Neset could be after something more than just a quick profit from TCG trading, but what?
He is in the perfect position to convince shareholders that he might have a plan from his background, but don't be fooled by that.