Share Name Share Symbol Market Type Share ISIN Share Description
Thomas Cook Group Plc LSE:TCG London Ordinary Share GB00B1VYCH82 ORD EUR0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 3.451 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
3.539 3.595 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 9,584.00 -53.00 -10.60 50
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 3.451 GBX

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Date Time Title Posts
03/8/202011:30Thomas Cook - Fankhauser's Flyers21,094
20/9/201912:52Thomas Cook - MODERATED227
28/8/201911:11Let’s stick together now!!!!7
12/7/201909:37Thomas Cook - Sale and Survival Process.232

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chinese investor: "Industry sources question whether Anex Tourism has £2.5 billion, says Travel Weekly’s Ian Taylor Thomas Cook’s new investor, Turkish tour operator Neset Kockar, insisted this week he has alternative proposals to put to Thomas Cook and its banks. Kockar took his newly acquired stake in Thomas Cook to 8% last week as the travel giant remained in talks on a takeover by its creditor banks and bondholders and Chinese group Fosun. The plan to recapitalise Thomas Cook, announced last month, would see Thomas Cook’s creditors take control of its airline and a minority stake in its tour operator in a debt-for-equity swap, while Fosun acquires the travel group and a minority stake in the carrier. Kockar wants to insert himself in the process. News agency Bloomberg reported this week: “Kockar is demanding a role in rescuing the troubled UK travel giant.” Kockar is the chairman of Anex Tourism Group, based in Antalya, Turkey. He told Bloomberg: “The problems [at Thomas Cook] can be overcome by injecting less cash than the recap plan. I see managerial problems rather than simply financial issues. “My aim is not to make a profit by trading Thomas Cook shares. Everyone sees it as a broken machine, but if the right steps are taken it’s a great machine which will work efficiently again.” In reality, Thomas Cook’s debt is precisely the problem. It dwarfs the group’s cash surplus and threatens to bankrupt it this winter as it almost did last. The debt is a hangover from Thomas Cook’s last crisis in 2011-12 – which in turn was a hangover from the financial crisis and downturn of 2008 and after, exacerbated by a period of excessive acquisition at Thomas Cook before and during this period. Current chief executive Peter Fankhauser took over in late 2014. Whatever mistakes the company’s management may have made since then have compounded this central problem, they did not create it. The group desperately needs recapitalising, which is what Fosun, the banks and bondholders propose in a takeover worth about £2.35 billion. New investor has own ‘business plan’ Kockar told Bloomberg he is devising a business plan for Thomas Cook and has been in touch with investment banks working with the company and Fosun. However, Travel Weekly understands there has been no contact between Thomas Cook or Fosun and Kockar. The Anex Tourism chief told Bloomberg: “When I invested, the reaction of the share price proved there were like-minded investors who have made the same diagnosis.” He suggested there are “many interested parties”. Kockar argued Thomas Cook should remain a single company. In fact, although the group will be separated as part of the Fosun deal, it will not be broken up. He added: “I can contribute capital, mutual synergies and operational know how. I have my own sources of finance and action plans, and I would like to discuss these.” It would be remiss of the banks not to listen to Kockar’s proposals. But the chances that his access to capital – or the mutual synergies he can propose – could outgun those of Fosun appear slim. Or as one industry source put it: “If Kockar has £2.5 billion, then fantastic.” A second interested party duly appeared this week. A Russian investor, Lilia Rodionova, based in Ulyanovsk – a city southeast of Moscow – acquired a 3.46% stake in Thomas Cook. I have no idea who Lilia Rodionova is and Thomas Cook declined to comment. But a cursory online search suggested she could be a restauranteur, a musician or an academic. Let’s assume she is a restauranteur. The share purchase may be a gambler’s punt. Or the shares may have been purchased on behalf of someone else – possibly Kockar or an associate. Anex Tourism has extensive interests in Russia. I have no reason to doubt Kockar’s interest in Thomas Cook is genuine. However, his ability to influence events appears limited. Owning 8% of near worthless shares, purchased for about £7 million when Thomas Cook needs north of £2 billion, will not give him much leverage. Fosun is China’s biggest privately-owned corporation. Thomas Cook’s creditors are some of the world’s leading banks. Kockar is a tour operator in Turkey and Russia whose attempt to launch airline Azur Air in Germany in 2017 floundered in September 2018 after 15 months of loss making. It had just three aircraft. The larger Azur Air Russia was threatened with withdrawal of its air operating certificate by the Russian aviation regulator last year over the airworthiness of its aircraft and poor on-time performance. It is difficult to see Kockar’s alternative rescue plan cutting much ice with Fosun and the banks when they perform due diligence on Anex Tourism, should his approach extend that far. Time is also pressing. Thomas Cook has to recapitalise by the end of September. The group made that clear in May when it announced the availability of a new £300 million credit facility which it no longer requires. So whatever Kockar intends, he will need to act quickly. There are about seven weeks for everything to be tied up. The reality for Thomas Cook shareholders Fosun outlined its plans for Thomas Cook last week in a series of meetings with creditor banks and bondholders. The UK’s Mail on Sunday newspaper reported Fosun plans to attract more Chinese visitors to Europe and will establish new destination management organisations (DMOs) to assist Chinese visitors in destinations such as Egypt and the Greek islands. Fosun also intends to increase Thomas Cook’s winter sports, adventure holidays, city breaks, music festival packages and sales of Club Med holidays and develop the group’s hotel brands. Fankhauser told German trade magazine FVW this week: “I can rule out Thomas Cook getting a Chinese look. “We have worked successfully with Fosun for four years. The Fosun management values the Thomas Cook brand.” A group of Thomas Cook’s bondholders are now in negotiations with Fosun and Thomas Cook as completion of the deal moves nearer. Fosun is not proposing to buy Thomas Cook’s shares. It proposes to recapitalise the company in a deal with the banks. Fosun is not going to buy up the recently purchased shares. Thomas Cook’s shareholders, new and old, stand to lose all but a nominal holding in the revamped company – likely to be no more than a single-digit percentage share of the Thomas Cook plc which will be owned by the banks and bondholders. Shares are available for Kockar and Rodionova to buy because the big institutional investors in Thomas Cook have been selling down their stakes. The purchase of those shares has caused a small leap in the share price in the past fortnight and this small-scale volatility may continue until the final deal is laid out. It may attract the interest of the odd investment analyst. But it’s irrelevant in the scheme of things. The real news will come in September. When Thomas Cook announced the deal last month, it noted it was in “advanced discussions” with Fosun and its banks. It is hard to see the deal being derailed by the odd outside punt. Fankhauser acknowledged then that the deal would not please shareholders. “This is not the outcome any of us wanted for our shareholders,” he said, but added: “This is a pragmatic and responsible solution which provides the means to secure the future of the Thomas Cook business for our customers, suppliers and employees.” That is the reality."
mallorca 9: Bagpuss the Co's worth is called ….. Market Capital . This equals share price x no of shares available. The Market Cap (Co worth) will not change however the number of shares issued will times by, say 10, thus dividing the share price by 10. So at the current shareprice , if dilution is x 10 (the number of shares issued is increased by 10 x) - (this is to give them to debt holders instead of cash), then, in this example , the share price would become 0.4p. current price 4p divided by 10. The Market Cap remains unchanged.
pwhite73: oakville - "I will never understand why there are still punters buying when they are worthless?" Punters are still buying because the recapitalisation proposal involves Fosun, the banks and bondholders taking equity stakes in TCG Plc. Equity stakes are shares. The share price of TCG has fallen so low that a 95% dilution is equivalent to today's share price. Idiots on LSE Chat have worked it out like this. If the share price is currently worth 5.38p and existing shareholders end up with only 5% of the company then you reduce 5.38p buy 95% and you're left with only 0.27p, therefore that's where the shares are heading. It's complete rubbish because it ignores the fact that existing shareholders only end up with 5% of the company after Fosun have pumped in £750m and the bondholders/lenders perhaps a similar amount. Thomas Cook then becomes a new company with no or easily manageable debt so all that money they have been paying to the creditors becomes profit they can invest back into the company to modernise and streamline it for the 21st century. In short if everything works out those that are buying at today's crash prices will hope to ride on the coat tails of the recapitalisation and see a return on their investment in TCG PLC pretty quickly.
pwhite73: philmac56 Dilution is not the problem for retail shareholders its the share price that counts. For example you own 100% of a company where there are 100 shares at £1.00 per share. Somebody injects £900 into your company at £1.00 per share. So there are now 1000 shares in your company and you have been diluted by 90% but the value of your 10% holding remains the same at £100. The dilution there is not a problem. This is where TCG retail shareholders are. Its what the markets think the recapitalisation will do for the value of their shares not the level of dilution. If Fosun are taking a significant controlling stake in TCG then what happens to their shares ultimately will happen to yours. So Fosun can't be taking a significant controlling stake in TCG and then planning to hand the stake over to the creditors via administration. Furthermore the RNS said this:- "The recapitalisation proposal is subject to certain conditions including performance conditions, due diligence, further discussions and reaching agreement with a range of company stakeholders (including the pension trustees, bondholders, other financial creditors and Fosun's shareholder approval), and receipt of any regulatory and anti-trust clearances or approvals." "Performance Conditions"!! If performance conditions is a criteria then I don't believe the recapitalisation is going to happen any time soon that's why there's no details yet. As I said earlier I think Fosun want to own the global brand name TCG outright. They're making funds available to protect their 18% stake in the guise of a capital injection. Lets see what pans out but this is certainly not a DEB or Flybe.
pwhite73: 4dag many were burnt by DEB so can't see the difference between the two companies. DEB went into administration because they required working capital but the price they had to pay was to hand over the company to its creditors. Mike Ashley of Sports Direct was a 29% shareholder. But in order to refinance the company he wanted to be installed as CEO and was only prepared to lend DEB an initial interest free loan of £150m. DEB needed a lot more money than that something like £800m over time. The creditors put up an initial £240m which DEB drew on immediately. There was no proposal of a D4E swap from the creditors as Ashley the 29% major shareholder would have never agreed to it. TCG also has a major 18% shareholder in Fosun. Their rescue package does not include installing themselves as the new board. They are stumping up £750m cash (not a loan) in exchange for share equity over time not in one go. There is no intention whatsoever to hand the business over to its creditors or place it into administration. They want the Thomas Cook global brand name for themselves and intend to make it one of China's premier tour operators. One in five global tourists are from China. The recapitalisation will result in a significant dilution for existing shareholders but dilution has nothing to do with the share price. The RNS states a significant part of the debt will be converted to shares so not all of it. Nowhere in the RNS statement do you get the usual 'there will be little equity value if any for existing shareholders". Once the word 'Recapitalisation' appears its a siren call for all the 1p doom merchants and a green light for the stock to be shorted to high heaven. TCG has no control over what price the markets place on their shares but what we do know for a fact is that Fosun want to own the majority of them. I suspect Fosun would have bought TCG outright but for the EU restrictions in place over foreign companies owning EU airlines and the embarrassment of the board having seen to be sold out to the Chinese. £750m and £1.5 billion debt is loose change to Fosun. The Chairman alone is worth £8 billion and the company is worth about £80 billion. So in answer to your question I believe the stock will recover once TCG restructures, streamlines and they are implementing this now.
vodolounge007: Given where the share price is currently and the fact that all are aware of the current bidders the share price has not move sufficiently( positively) In my opinion if things don’t go well we can see 10p per share maybe less and if it goes well 17-20p depending on the q3 results... can’t see the share price jumping 100% to 200% next week. But having said that just my humble opinion and not base on fact :)
craftyale: Why I'd shun the Thomas Cook share price and buy this FTSE 100 stock insteadRoland Head | Sunday, 30th June, 2019 | More on: CCL TCGRoad sign warning of a risk ahead Image source: Getty Images.Since hitting an all-time low of 8p in May, the Thomas Cook Group (LSE: TCG) share price has risen and was trading at about 14p, at the time of writing. Is it time to start taking a fresh look at this historic firm?Unfortunately, I don't think so. I'll explain what I think will happen next, and why I'm still avoiding TCG stock.This can't continueThomas Cook has suffered from poor trading this year. But the real problem is simply that the company has too much debt. Even though it has received £2bn in advance payments from customers, borrowings have still risen as trading has slowed.Over the 12 months to 31 March, Thomas Cook paid £122m in interest costs but only generated £30m of cash from operations. The firm's latest balance sheet shows total liabilities of £6,371m and total assets of just £5,026m. This suggests that the firm may be insolvent. Without a refinancing deal, I don't see how Thomas Cook can continue trading.Two possible solutionsOne solution might be for the company to raise cash by selling new shares. But the shares have fallen so far that this isn't a viable option. The only realistic choice I can see is for the firm to do a deal with its lenders.One option would be for the company to swap some of its debt for new shares. This would give lenders majority ownership - probably more than 95%, in my experience. The value of existing shares would fall to almost zero.However, what seems more likely at the moment is that assets will be sold, raising cash to repay debt. According to recent statements, Thomas Cook is in discussions with various parties about selling its airline, its Northern Europe business and its entire tour operator business.If these sales go ahead, the current listed company will be an empty shell, worth nothing. I'd expect the shares to go to zero.Just don't do itHere at the Motley Fool, we have a responsibility to take a balanced view of potential investments.But even with my balanced hat on, all I can say is that I believe buying Thomas Cook shares is a reckless gamble. I would sell this stock today.
titasiinitramho: oily... You are typing words but providing absolutely zero information. "Share price will be volatile untill a stable share price range is found. In my opinion that is 20p plus." -WTF is that telling anyone. That it will be volatile until it becomes stable ! "My revommendation is a buy here currently and trade it before news arrives." - WTF is that telling anyone. How will you know when news will come! "Ideally we need higher highs and higher lows to continue untill 20p" - WTF is that telling anyone. Higher highs and higher lows = price rising! So your advice is that the share price will be volatile until it is stable, To trade it until, before or after news arrives and at 20p, The share price will need to rise from 15p to get to 20p Fantastic analysis... lol
csmwssk12hu: The debt is not manageable hence the 35p in the pound bond prices, hence the 12p share price, hence the share price didn’t soar today on news they are selling off even more silver, by telling people these will be 25p 40p 50p next week as they will have hundreds of millions to spend as they wish from selling parts of the business off you are misleading people , you haven’t got a clue what the share price will be next week, neither have I, However I do believe in the not to distant future these as a share will not exist as there will be no debt for equity it will be a flat pack, the banks are forcing tcg to sell off the profitable businesses to try and get as much money back for them as possible, these same lenders have decided they will only get 35p in the pound if they are lucky hence why the one trade on the bonds today was priced at a 65% discount and resulted in a £1.3m loss on the issue price of £2m, now that’s a bit more than your £33k, what you are doing is trying to sucker people in to get the price up so you can recoup your own losses, good luck to those who are long your going to need it, those short are like the lions around a wounded zebra, it’s not dead yet but it will be soon enough imho dyor
jaknife: rmart, re your 9479 and 9480, "On Sunday, Thomas Cook said: "We have the support of our lending banks and major shareholders, and just this week we agreed additional funding for our coming winter cash low period." Have a read of TCG's's interim accounts again from just five days ago: Https:// In particular, you should note that TCG state: "As part of the discussions with lenders, we received a waiver in respect of the March 2019 covenant tests." In plain and simple terms, TCG have already breached their bank covenants. The banks are "supportive" because they are following "the London Approach" in order to maximise returns for creditors. Shareholders are toast. And: "those who have panicked and sold have once again been ripped off by shorters. Shorts will close now and the share price will rise IMO." IG have confirmed this am that there is no more borrow available. In two weeks this has gone from 6% stock borrowed to the maximum possible stock borrowed. Shorters will not close until this goes to zero. In the meantime there may be fluctuations but the willingness of bondholders to bail out as low as 40% of par and for banks to bail out at 59% of par is all that you need to know to indicate where the share price is going. JakNife
Thomas Cook share price data is direct from the London Stock Exchange
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