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TCG Thomas Cook Group Plc

3.451
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
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 0.00% 3.451 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
3.539 3.595
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 3.451 GBX

Thomas Cook (TCG) Latest News

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Thomas Cook (TCG) Discussions and Chat

Thomas Cook Forums and Chat

Date Time Title Posts
08/12/202012:58Thomas Cook - Fankhauser's Flyers21,096
20/9/201911:52Thomas Cook - MODERATED227
28/8/201910:11Let’s stick together now!!!!7
18/7/201912:03Shorters-
12/7/201908:37Thomas Cook - Sale and Survival Process.232

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Thomas Cook (TCG) Top Chat Posts

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Posted at 03/8/2020 10:30 by asagi
only struck off on dissolution I'm told.

Asagi (short TCG)
Posted at 04/6/2020 07:57 by asagi
will Companies House be starting strike off proceedings? According to this page:


the confirmation statement is more than three months overdue. Perhaps strike off is delayed during insolvency?

My position with IG is STILL open.

Asagi (short TCG)
Posted at 23/1/2020 12:54 by mallorca 9
That's interesting …

I still haven't been able to close out my short with IG as they still haven't had formal confirmation from the Administrator that it is definitely not coming back.
They have released all the margin and the share price is showing as 0.0001p, however I cannot close it and take the profit until they have that confirmation and the TCG epic is cancelled.

Seem's to be going on forever.

Can't say that I'm very impressed with IG on that one.
Posted at 25/11/2019 21:42 by asagi
thanks, JakNife.

I hadn't read things properly. IG have NOT increased required margin to 100% at any point, so the experience versus CMC is not so inferior. Us shorts are able to withdraw nearly all the winnings (99.9%). I'd mistakenly thought that they had priced at 0.001p but were retaining the margin on the full suspension price.

Still, it took too long and CMC was a better experience.

Asagi (short TCG)
Posted at 25/11/2019 11:17 by asagi
certainly not all done here. IG are NOT pricing at zero as promised in their email.

I will venture that this is because if they priced at zero, they would be admitting that it is game over and have to pay out shorts. IG are pricing it at 0.0001p and not allowing shorts to close at that price.

Asagi (short TCG)
Posted at 22/11/2019 08:08 by asagi
IG DID NOT move to 100% margin but did continue to charge for TCG positions.

My TCG short position is still open with IG as of a few minutes ago.

Asagi (short TCG)
Posted at 18/11/2019 21:14 by asagi
They've been charging you an overnight rate since late September?
Yes. It looks like it at least.

That's pretty disgraceful in itself.
I'm inclined to agree. I'm going to look into this further. It's not clear from the information online what positions IG's is taking fees against. Nor can I see how much margin they are currently holding against my TCG short. Cheers nigelpm

Asagi (short TCG)
Posted at 24/9/2019 08:01 by steptoes yard
I'm afraid the signs were there, see my post of 19 May below, all publicly available information.



Steptoes Yard - 19 May 2019 - 09:19:44 - 9055 of 20925 Thomas Cook - Fankhauser's Flyers - TCG

Been predicting this outcome for months, see my posts. If anything the end has come along quicker than I expected. But that's the problem with the velocity of money once things go bad, that's it, the co is in the deep end of the pool. Those lining up to buy the airline don't have to pay a premium anymore, they may even get a discount.

Just like a bank with customers queueing to get their deposits out this in turn puts people off booking. I said a year ago when they made 46m profit, on 23m customers that's 2 quid a head! Nine billion of turnover. What happens when that falls just 5%?

If bond prices have been sliding, what possesses people to get excited about the equity?

For those comparing to the 2011 turnaround, well they recruited Harriet Green to head up the turnaround. She was barely three quarters into the recovery when the Bullingdon Club style blazers decided she was more of a threat than a strength. Massive red flag.

Constantly blaming the weather, Brexit. Sure but this applies to all participants in the sector, TUI, OTB etc. Next they'll be blaming having 500 shops when consumers prefer to be online. I'm reminded of the blazers at the English Cricket Board after the disastrous 2015 World Cup when they said "we didn't know the game had moved on and the effect if 20 20 batting on the 50 over game...". ITS YOUR JOB TO FIND OUT.

Sorry but shocking leadership. When you get an accomplished person as CEO try to hold on to them, don't fire them because you feel threatened. Use them.

500 shops! I mean come on! Think about it as a shareholder. If they had put out an RNS 3 years ago saying we are fundamentally shaking up our business following a detailed evaluation and over the next 18 months we are closing 90% of our shops, would peeps have come on here and gone "the board are mad, we need shops!"

Blaming the capital markets. You take money from the capital markets, you return money to the capital markets. Companies who have free cash flow return money to shareholders. Some take money from shareholders. It all depends how they are positioned. When things get dire, yes hedge funds circle, insolvency practitioners are consulted, bond holders and banks trade up and down in the bonds. But TC have a CEO who gets a tad shaken when quizzed on the share price and dismisses it as some "scheme in the city" rather than seeing it as a "reflection of his leadership and vision since November 2014". Because that's how long it has been.

That's why they are paid huge remuneration packages to act in their capacity on the leadership table. I don't doubt that Mr Frankhauser knows lots about the travel business. But i do doubt he knows sufficient about the velocity of money and how capital markets work. He was probably a good Head of Division. But not a CEO. If you want to borrow from the capital markets then at least have a steer as to what the obligations are. Bonds need to be repaid.

Business continuity horizon scanning. So many threats but they affect TUI, OTB as well. Declining high street presence, terrorism, fuel pricing, airline ownership, capital projects like own brand hotels, change in consumer habits, heatwaves, political change, these things aren't new. TC survived Occupied Europe in the 1940s so it should be able to plan for things like this. Even if they don't manifest.

This is leadership like the people who ran the Brit car industry in the 70s constantly flapping around to find an excuse as to why their competitors are bending the rules.

I hope there is something for shareholders but the indications are not so.
Posted at 24/9/2019 07:08 by diku
Did the BOD ever consider doing a merger or be taken over by another Holiday Group when the problems were well publicized and the share price was much higher ?...did their egos say no or lack of judgement?..
Posted at 19/9/2019 17:12 by mallorca 9
The above travel weekly article suggests that, at best, existing shareholders will get a single digit percentage of the new Company (if D4E happens).
This suggests dilution at between 10 and 100 times.

If D4E does happen (best case) then it really does look like a sub 1p share price.
Probably closer to 0.1p.

Dear oh dear.
Thomas Cook share price data is direct from the London Stock Exchange

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