MYT Shares
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MYT Shares
Any opinions on MYT shares. Would have thought it worth holding on to them as it now seems certain (thankfully) that they will survive. Not doing much at the moment but I would have thought they can only go up from here - anyone have any thoughts or advice?
Sell! Normally I would charge for this but as you asked and I am feeling generous there you have it. No assets, bearly profitable at an operational level, Banks want there money back and you as a small shareholder will be the least of their worries. Need I go on. If you took the likes of you out of the market the price would be half of where it is today.
Pay your mortgage off mate.
Pay your mortgage off mate.
If you can write-off the investment, it might be worth hanging in there...
MyTravel Group plc A Ordinary 1p shares are currently up 3.58% at 5.490
Is it worth a gamble? Who knows - but if you want to bet on something more predictable, I suppose there's always the Zimbabwean Election result to chance your luck over. Now, I wonder who's going to win that.....
MyTravel Group plc A Ordinary 1p shares are currently up 3.58% at 5.490
Is it worth a gamble? Who knows - but if you want to bet on something more predictable, I suppose there's always the Zimbabwean Election result to chance your luck over. Now, I wonder who's going to win that.....
Last edited by BEagle; 4th Feb 2005 at 15:59.
If you have a few quid to spare (lose) its probably worth a punt - after all at 4-6p they can hardly go much lower. If they get to double figures you've doubled your money so why not ?
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What a sweeping statement from RHINO. If his economic prowess is anything like his grammar and spelling, then be careful about the free advice you take. Where are you professional pilots supposedly educated ?
If you want proper advice, then of course the only answer is to pay for it. It really depends which MYT shares you are trading XBusman, what you paid for them and over what timescale you are investing. As you know, 88% of the company is now owned by hard nosed bankers who take no prisoners. They will get THEIR investment returned in various ways, and so in the short term it seems to be a good investment, but only if you have bought recently. Don't take my word for it, but spend some time reading the reputable financial press or online sites like hemscott. A lot of private investors (including many company people) have lost large amounts over the last few years because of the ineptitude of the directors and subsequent tumbling of share value.
As the other posters said, investments can go down as well as up. Life is a gamble and you take your chances........or not. The professionals seem to be of the opinion that there are modest gains to be made over the next year or so.
My own (amateur) opinion - Have a peek at the LSE regulatory news and see what the following companies have bought in the first 3 days of February. Credit Suisse First Boston / Deutsche Bank AG / Morgan Stanley Securities / The Royal Bank of Scotland Group plc. Then, as with all gambles.............toss a coin. Good luck
If you want proper advice, then of course the only answer is to pay for it. It really depends which MYT shares you are trading XBusman, what you paid for them and over what timescale you are investing. As you know, 88% of the company is now owned by hard nosed bankers who take no prisoners. They will get THEIR investment returned in various ways, and so in the short term it seems to be a good investment, but only if you have bought recently. Don't take my word for it, but spend some time reading the reputable financial press or online sites like hemscott. A lot of private investors (including many company people) have lost large amounts over the last few years because of the ineptitude of the directors and subsequent tumbling of share value.
As the other posters said, investments can go down as well as up. Life is a gamble and you take your chances........or not. The professionals seem to be of the opinion that there are modest gains to be made over the next year or so.
My own (amateur) opinion - Have a peek at the LSE regulatory news and see what the following companies have bought in the first 3 days of February. Credit Suisse First Boston / Deutsche Bank AG / Morgan Stanley Securities / The Royal Bank of Scotland Group plc. Then, as with all gambles.............toss a coin. Good luck
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These MT shares are very high risk. You could easily see a severe loss on your purchase even assuming that My Travel survives & prospers as a business. this is because MT used to be owned by it's shareholders but it's now owned jointly by these same shareholders and also the banks. The banks don't have shares but they were owed a fortune by MT which debt they swapped for ownership.
Of course if it goes tits up thats simpler, you lose your lolly
Better to pop down to the tables & stick it all on red (or black
)
Of course if it goes tits up thats simpler, you lose your lolly
Better to pop down to the tables & stick it all on red (or black
)
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"The banks don't have shares but they were owed a fortune by MT which debt they swapped for ownership."
That might surprise the banks then! I believe they, and the other creditors, now own 88% of the shares now in circulation.
The hot air that circulates as knowledge on these forums is getting worse!
That might surprise the banks then! I believe they, and the other creditors, now own 88% of the shares now in circulation.
The hot air that circulates as knowledge on these forums is getting worse!
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XBusman....
I also own MT. shares, bought in December 04, 25,000 at 4p each and if i sold now i would gain 50% +, but for what it is worth i am going to stick it out, for now at least....
The banks predict (or want i'm not sure) the share price in 3 years time will be between 10 & 15 pence.
I was hoping that they would get back into the pounds - but think i'll be dead by then !!!
Just think if they did tho' $$$$
I also own MT. shares, bought in December 04, 25,000 at 4p each and if i sold now i would gain 50% +, but for what it is worth i am going to stick it out, for now at least....
The banks predict (or want i'm not sure) the share price in 3 years time will be between 10 & 15 pence.
I was hoping that they would get back into the pounds - but think i'll be dead by then !!!
Just think if they did tho' $$$$
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Thanks niteflight- I stand corrected!
don't know from who the banks bought all those shares. Obviously not from the many small 'investors'. I suppose it would mainly be from the usual suspects i.e. the large city institutions.
I was warned that i may get 1 for 10 or 1 for 100 if unlucky.
Comment?
don't know from who the banks bought all those shares. Obviously not from the many small 'investors'. I suppose it would mainly be from the usual suspects i.e. the large city institutions.
I was warned that i may get 1 for 10 or 1 for 100 if unlucky.
Comment?
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Brain Fade
The shares that the banks/institutions now own were "new" shares that were issued by the company. The shares in circulation then went up by a factor of 25!
As a shareholder you should have received a prospectus (end Nov I think), which detailed the issue of the new shares.
if you didn't reeceive the prospectus you should either chase up MYT or you don't own any shares! (in which case your judgement on whether MYT are worth anything is worth diddly squat!)
To avoid any question of bias, I am an Airbus Captain with MYT, with 10 years of service. Might I suggest, when we all make comments (critical or otherwise) of each others companies that we all state our experience/employers/interest. It might stop all of these half baked comments that make this rumour network such a devalued forum.
The shares that the banks/institutions now own were "new" shares that were issued by the company. The shares in circulation then went up by a factor of 25!
As a shareholder you should have received a prospectus (end Nov I think), which detailed the issue of the new shares.
if you didn't reeceive the prospectus you should either chase up MYT or you don't own any shares! (in which case your judgement on whether MYT are worth anything is worth diddly squat!)
To avoid any question of bias, I am an Airbus Captain with MYT, with 10 years of service. Might I suggest, when we all make comments (critical or otherwise) of each others companies that we all state our experience/employers/interest. It might stop all of these half baked comments that make this rumour network such a devalued forum.
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night_flight99
About time you changed your handle isn't it. Last time I looked you had done a lot more than 99 night flights! Or are you just being optimistic.
About time you changed your handle isn't it. Last time I looked you had done a lot more than 99 night flights! Or are you just being optimistic.
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dont forget it could be all over on 30 march! thats the day the current atol expires. not privy to the exact workings (work in different group) but essentially the banks have lost too much money so they are sticking it out in the hope of better times. atol reg 3.6 says accounts have to be in before xmas (if they want the good administrative record and lower bond etc) never found out what happened.
Last edited by caa19; 10th Feb 2005 at 07:51.
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caa19
As I asked in previous post. Whats your company/experience/interest that allows you to make questions/statements of that nature?
I find the anonimity that prune offers a good opportunity for people to spout forth. Its a shame that much of it is so mis-informed nowadays.
As I asked in previous post. Whats your company/experience/interest that allows you to make questions/statements of that nature?
I find the anonimity that prune offers a good opportunity for people to spout forth. Its a shame that much of it is so mis-informed nowadays.
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caa19, not only are you in a different department of the CAA (if you work there at all, which I very much doubt) you are on an entirely different planet from the rest of us on Earth.
Have you read any financial news, stock market regulatory news, financial results or anything at all this year other than the sun and daily star ???
Ye Gods night_flight99, you are spot on. these fora are quickly becoming a waste of time. Rumour & News is fine, but caa19 excrement, jeez.
Have you read any financial news, stock market regulatory news, financial results or anything at all this year other than the sun and daily star ???
Ye Gods night_flight99, you are spot on. these fora are quickly becoming a waste of time. Rumour & News is fine, but caa19 excrement, jeez.
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ok im not a finance expert, but ive got a degree and yes i do work there and even have the id / business cards to prove it (although im probably the youngest member of staff and leaving soon to join the real world)! no-one questioned the fact that yes the atol renewal is important and the applicaiton of the regs. i stated that it was my opinion and it was so dont really see the problem. insted of slating one another you may wish to add your opinon / experience if you feel the value of such forums is undermined!
moving swiftly on...
moving swiftly on...
Alba Gu Brath
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caa19,
As far as I am aware the accounts were in before year end last year, the company is technically debt free, has the financial backing of investors (they own the company) and is a going concern. The company was in frequent discussions with the CAA through last year regarding the bond. What reason would the CAA have for not renewing the ATOL bond this year?
As far as I am aware the accounts were in before year end last year, the company is technically debt free, has the financial backing of investors (they own the company) and is a going concern. The company was in frequent discussions with the CAA through last year regarding the bond. What reason would the CAA have for not renewing the ATOL bond this year?
