Cyprus-Forum.com

[Lordo]

They will be able to get to Cyprus easily too to spebd with family - through ERCAN obviously but who cares now considering the way these guys were treated in Cyprus. Only one of the guys at CA will have major issues and understandably so.

WTF , GC's including yourself have constantly referred to Ercan as an illegal this, illegal that. Now you are promoting Turkish Airlines and encouraging using Ercan as a "selling point" for working there, what has the world come to.

On another note, I've been following THYAO stock for a while, waiting for a plummet in the Turkish stock market before I buy. I believe Turkish Airlines will rival the Lufthansa Group within the next ten years.

Umit, don't waste your foreign money on THYAO, which is priced and traded in TRY. In the last 2 years alone, the TRY has lost approx. 30% each year against major world currencies. The stock needs to appreciate 30%+ a year (more like 50% a year) before you will see any benefits, plus the cost of buying and selling the stock, plus big taxes on gains, if any, on short term held stock if you sell them. You will do a much better and safer return on your money if you kept your foreign currency under a mattress and only take it out when you want to convert it to TRY, than buying any TRY based stocks, specially an airline stock. One has to be a total masochist to do that.

In addition to this, Turkish airlines reports an earnings per share of 11 US cents per share for the first quarter of this year. It cost approximately $3.20 per share to buy in to the company today. So if nothing else changes, it will take about 7 years and 3 months just to break even. This is not taking in to account transaction costs, taxes and exchange rate risk. BUT the company does NOT pay a dividend.

In other words, the company has to grow its earnings per share at a higher rate than the rate of exchange devaluation, beat inflation, cover transaction costs and taxes for you, as a foreign investor, just to break even, hopefully in 7 years and 3 months. BUT, as a shareholder, you are not entitled to a dividend.

In more other words, its not a financially sound investment today and the probabilities are stacked against it being a sound investment for tomorrow.

keep your day job and leave the fiances to the finance experts who are terggish. you forgot to include that fact that you still have your original investment and you have doubled it. but of course you may have easier ways to double your investment in quicker time.

[Paphitis]

They will be able to get to Cyprus easily too to spebd with family - through ERCAN obviously but who cares now considering the way these guys were treated in Cyprus. Only one of the guys at CA will have major issues and understandably so.

WTF , GC's including yourself have constantly referred to Ercan as an illegal this, illegal that. Now you are promoting Turkish Airlines and encouraging using Ercan as a "selling point" for working there, what has the world come to.

On another note, I've been following THYAO stock for a while, waiting for a plummet in the Turkish stock market before I buy. I believe Turkish Airlines will rival the Lufthansa Group within the next ten years.

Aviation can appear to be romantic. If I was rich enough, I would do a Branson and subsidize it with other stuff like Credit Cards and what not. But at that level it's not about money anymore. It's about planes (toys). Well it is about money too but margins are thin, the business is volatile to the slightest fluctuations in the price of oil. At the moment, things are really good for Airlines but how long will it last?

If you want to buy some stocks, stay away from the Airlines! Put your money in a Petroleum Company because these stocks are dirt cheap right now. Oil has hit new lows but not for long.

Look at SANTOS and Woodside Petroleum.

Woodside are also trying to take over Noble Energy and DELEK who are exploring in Cyprus.

Both companies are making a lot of money and pay a fully franked dividend of over 4% pa.

[Lordo]

eh maximobullaghi ela botha iyes 25 hronya gavole.

[Maximus]

They will be able to get to Cyprus easily too to spebd with family - through ERCAN obviously but who cares now considering the way these guys were treated in Cyprus. Only one of the guys at CA will have major issues and understandably so.

WTF , GC's including yourself have constantly referred to Ercan as an illegal this, illegal that. Now you are promoting Turkish Airlines and encouraging using Ercan as a "selling point" for working there, what has the world come to.

On another note, I've been following THYAO stock for a while, waiting for a plummet in the Turkish stock market before I buy. I believe Turkish Airlines will rival the Lufthansa Group within the next ten years.

Umit, don't waste your foreign money on THYAO, which is priced and traded in TRY. In the last 2 years alone, the TRY has lost approx. 30% each year against major world currencies. The stock needs to appreciate 30%+ a year (more like 50% a year) before you will see any benefits, plus the cost of buying and selling the stock, plus big taxes on gains, if any, on short term held stock if you sell them. You will do a much better and safer return on your money if you kept your foreign currency under a mattress and only take it out when you want to convert it to TRY, than buying any TRY based stocks, specially an airline stock. One has to be a total masochist to do that.

In addition to this, Turkish airlines reports an earnings per share of 11 US cents per share for the first quarter of this year. It cost approximately $3.20 per share to buy in to the company today. So if nothing else changes, it will take about 7 years and 3 months just to break even. This is not taking in to account transaction costs, taxes and exchange rate risk. BUT the company does NOT pay a dividend.

In other words, the company has to grow its earnings per share at a higher rate than the rate of exchange devaluation, beat inflation, cover transaction costs and taxes for you, as a foreign investor, just to break even, hopefully in 7 years and 3 months. BUT, as a shareholder, you are not entitled to a dividend.

In more other words, its not a financially sound investment today and the probabilities are stacked against it being a sound investment for tomorrow.

keep your day job and leave the fiances to the finance experts who are terggish. you forgot to include that fact that you still have your original investment and you have doubled it. but of course you may have easier ways to double your investment in quicker time.

The fact that your original investment (value of your shares) can fall has escaped you.

Since you don't receive a dividend, the only way you are going to make money from this stock is if the share price increases.

[Lordo]

not at all, all shares fall and rise dear boy, you have to know how to play the market and buy and sell at the right time if you are worried about share prices. like i said keep your day job.

[Kikapu]

They will be able to get to Cyprus easily too to spebd with family - through ERCAN obviously but who cares now considering the way these guys were treated in Cyprus. Only one of the guys at CA will have major issues and understandably so.

WTF , GC's including yourself have constantly referred to Ercan as an illegal this, illegal that. Now you are promoting Turkish Airlines and encouraging using Ercan as a "selling point" for working there, what has the world come to.

On another note, I've been following THYAO stock for a while, waiting for a plummet in the Turkish stock market before I buy. I believe Turkish Airlines will rival the Lufthansa Group within the next ten years.

Umit, don't waste your foreign money on THYAO, which is priced and traded in TRY. In the last 2 years alone, the TRY has lost approx. 30% each year against major world currencies. The stock needs to appreciate 30%+ a year (more like 50% a year) before you will see any benefits, plus the cost of buying and selling the stock, plus big taxes on gains, if any, on short term held stock if you sell them. You will do a much better and safer return on your money if you kept your foreign currency under a mattress and only take it out when you want to convert it to TRY, than buying any TRY based stocks, specially an airline stock. One has to be a total masochist to do that.

Umit,

Add this article to reasons why you should stay away from any Turkish Lira based investments in Turkey.

Turks resort to foreign currency amid weak lira

With the Turkish lira losing value each day against the dollar, the share of foreign currencies in the total deposits held by Turkish lenders spiked from 37 percent in January to 43 percent in July, indicating that people are disfavoring lira as an instrument of investment.

Since the start of 2015, the amount in foreign currency has risen from $157.7 billion to $179.1 billion; however, over the same period, the volume of money held in lira accounts has declined from $265.9 billion to $237.4 billion. The lira lost 13 percent of its value against the US dollar over that six months and market experts point to political uncertainty and external pressures as the main drivers of what they are calling “dollarization.”

http://www.todayszaman.com/business_tur ... 95931.html

[Kikapu]

Looks like these pilots got tired of using Vaseline every day!

More resignations will follow, I'm sure.

59 foreign pilots resign from Turkish Airlines in eight months
ISTANBUL - Doğan News Agency

Since the beginning of 2015, some 59 foreign pilots among 700 tenured by the Turkish Airlines have resigned from the company amid the sharp drop in the value of the Turkish Lira.

Most of Turkish Airlines’ foreign pilots receive their salaries in lira and have therefore faced dramatic income losses due to the lira’s loss of over 20 percent of its value against the U.S. dollar this year. Many pilots have opted to resign and to work for foreign airliners that pay salaries on dollar basis, according to company sources.

Turkish Airlines had recently taken the decision to boost its number of foreign pilots after a crash in Amsterdam, particularly focusing its recruitment drive in the Russian capital Moscow.

It is expected that Turkish Airlines will make further selections to recruit foreign pilots in other countries within a short space of time, in order to replace those who have resigned in recent months.
September/09/2015

http://www.hurriyetdailynews.com/59-for ... sCatID=345

[Paphitis]

This is actually great news because Turkish Airlines will need to replace all these pilots.

Bloody CAE Parc and Sigma have about 10 pages of advertisements on their websites and these jobs are paid in USD.

http://jobs.flightglobal.com/jobs/aviat ... full-time/



Look it's all a merry go round. Most contract pilots move around every 2 or 3 years or so and quite often do full circle and return to an old flame all for the money money money

Right now there is an exodus from Cathay Pacific because of the new B Scale.