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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Thomas Cook Group Plc | TCG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 3.451 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3.451 |
| Top Posts |
|---|
Posted at 06/10/2019 13:19 by cpap man KAVSP Angel . Morning View . Kavango Resources (KAV LN) 2.0p, Mkt Cap £3.1m – Kavango selects new targets for 1,000m drill campaign Kavango Resources has signed a contract mobilising a number of drill rigs to test targets in Botswana. The drill program is for three vertical holes covering 1,000m on the Kalahari Suture Zone ‘KSZ’ The team plan to intersect conductor targets at depths of between 200m and 400m. To save time and cost, the holes will be pre-collared to approximately 150m with reverse circulation drilling followed by diamond core drilling for better information on the geology below this point. Management are hoping to find mineralisation in a 10km x 6km magnetic anomaly, which is interpreted as a potential magma chamber. The other two targets relate to significant linear magnetic and conductive structures. Water will be trucked in from a local town. Conclusion: Botswana hides many interesting mineral discoveries under a significant depth of Kalahari desert sand. Kavango hopes the use of modern remote sensing techniques will help it pinpoint mineralisation in anomalies of significant scale under the sand. While drilling these targets feels a bit like wildcatting in the oil industry investors can rest assured that target generation is supported by a thorough analysis of the latest data. |
Posted at 24/9/2019 15:55 by oilisgold Hence i can state the board of directors in most shares use investors to spread the rumours. |
Posted at 23/9/2019 18:24 by ekuuleus hpcg - 'When will investors learn how short positions work ...?' Well not from you thats for shore.Kockler and his £7m bet on TCG. Whoops. |
Posted at 12/8/2019 00:33 by paul planet earth The recent name change on TCHI Thomas Cook Hotels Investments to West Fort Capital Ltd on 7th August 2019 is preparation for disposal to Fosun with the hotel assets in this coy which have not been recorded at fair market value but only a tiny fraction of their true value, these assets they own outright circa £1 to £2b..So Fosun can get them for next to nothing....The lenders will get an equity stake in the airline and probably Fosun pays them off say £300m...Sudden The recent cash need announcement of £150m is a ruse to drive share price down and scare off would be buyers like NK....But NK is very experienced hotel investor and knows how to play the game he knows the score and is now gunning for the coy with Turkish Airways and The Turkey Sovereign Fund with its £200b of assets behind it and the Govn wanting TCG it's way of getting closer access and ties with EU membership, AOC licences already granted..It would not surprise me if the EU are a bit concerned about Fosun, Chinese shady background and the dodgy business dealings recently with Citibank and its attempts to rubbish the share price causing a panic sell off crashing the share price .PF secret talks with Fosun in China and a business skint but can afford Casa up market hotel new luxury developments, high spend tv adverts, and expensive hotel renovations.... If TCG is skint the first thing you do is cut all and I mean all non essential spending, capex, advertising, as many overheads etc, etc. So TCG board are just puppets for Fosun to pull all the strings and what pay off has been agreed with institutional investors who have control and the casting votes I wonder? It's going to get ugly over the next few weeks but maybe not in the way investors have been currently led to believe more towards Fosun |
Posted at 09/8/2019 19:39 by chinese investor "Industry sources question whether Anex Tourism has £2.5 billion, says Travel Weekly’s Ian TaylorThomas 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." |
Posted at 07/8/2019 19:46 by leadersoffice Far from it. I'm more convinced than ever there's a silver cloud for investors of TCG. Maybe not for those who bought above 40 or 50p and higher, but noes the time to dump your short and invest in TCG. The current deal that the current board and Fosun have thrown together are in danger of being swept aside by our Turkish friend and now a Russian investor. This is just the tide turning and it's not going to be easy, but neither will it be so for Forsun without a huge battle |
Posted at 18/7/2019 10:44 by 1224saj Trading, from reading your post it would suggest you have never made a mistake in your life. The tone of your posts would put you in the kick a man when he's down brigade. Your own words say that the BOD " implied " well on the strength of that, many investors made the decision to stay in for a recovery. I have spoken to a number of investors and there is a thread of support that it could be argued that the BOD have been a little economical with the truth, we shall see. |
Posted at 16/7/2019 18:40 by mr maestro (Alliance News) - Moody's Investors Service has cut several of Thomas Cook Group PLC's ratings as the travel operator looks to secure funding from a major shareholder.On Friday last week, Thomas Cook said it was in talks with Chinese shareholder Fosun Tourism Group, already the firm's largest shareholder with 18%, for a GBP750 million injection. The investment would see a reorganisation of the Tour Operator and Airline businesses, leading to Focus having a "significant" minority interest in the airline. On Tuesday, Moody's cut Thomas Cook's corporate family rating to Ca from Caa2 and the probability of default rating to Ca from Caa2. The rating for Thomas Cook's EUR750 million notes due 2022 has also been cut to Ca from Caa2, and the same has happened for the EUR400 million notes due 2023. The outlook for Thomas Cook remains negative, credit rating agency Moody's added. The new corporate family rating reflects weak liquidity and trading, expected cash outflows, and forecast debt impairments. However, they are also based on Thomas Cook's position as a large tourism business, a diverse product offering, and good long-term prospects for the travel market. "The proposed restructuring and injection of new funds is required as a result of liquidity constraints and a failure to achieve the sale of the airline division to support liquidity," said Moody's. "Moody's expects the restructure to include the separation of the airline and tour operator divisions to allow EU investors to retain majority ownership of the airline, a regulatory requirement." "Moody's expects a substantial impairment for existing debtholders given the requirement for new money and the possibility that existing debt could be subordinated in part to new financing," it continued. Ratings could be upgraded by Moody's if only limited debt impairments are made, while a downgrade would come if debtholders look like they will not get much of a return. |
Posted at 15/7/2019 11:30 by 1224saj Trading, never underestimate your audience. I dare say there are a number of well informed investors who hold or have held high level executive positions in a Company.The BOD has mislead investors and will be challenged. Respecting you views, do you think it unreasonable to ask for full disclosure of the airline bids without naming the bidder? |
Posted at 10/6/2019 15:20 by jimmyboy17 By Andrea FelstedJune 10, 2019, 11:00 AM GMT+1 Thomas Cook Offers a One-Day Holiday in the Sun Fosun’s possible interest in the British travel company’s tour operator is a rare piece of good news for investors. But storm clouds are still on the horizon. Like the offer of a week’s vacation in the sun amid a washout summer at home, some good news has arrived at last for Thomas Cook Plc’s shareholders: Fosun International Ltd. is interested in a potential bid for the beleaguered British travel company’s tour operating arm. An approach from the Chinese group, which already owns an 18% stake in Thomas Cook, offers some respite for the U.K. company, which has been in a battle to show that it retains much equity value. Its shares rose about 10 percent on the news (they’ve fallen 85 percent over the past year). Things have been fraught for the British company after it warned again on profit last month and acknowledged the uncertainties in a separate plan to sell its airline and access new financing. Fosun’s interest in its tour operator, if followed through, would make things slightly less desperate. The company needs cash to get it through the winter period. Under European rules, Fosun wouldn’t be able to buy a majority stake in the airline arm, which explains why it’s interested only in the holiday division. But Thomas Cook has had other potential bidders looking at the airline. A possible injection of cash from disposing of the other part of the business would make it less of a forced seller. There are a wide range of valuations for the holiday arm. Analysts at Citigroup Inc., who have warned that Thomas Cook’s shares might be worthless, estimates an enterprise value of 307 million pounds ($390 million). It’s possible too that Fosun might inject some fresh equity into the group as part of any deal. Sunny Break Thomas Cook shares rose on Fosun's interest in its tour operating division Source: Bloomberg But this is still a distressed situation, and equity investors won’t exactly be breaking out the bunting. Fosun has been involved since 2015, when it spent 92 million pounds on a 5% stake at 125.59 pence per share (they’re 17.8 pence now). Other investors would have good grounds for asking why the Chinese company hasn’t acted before now. The writing has been on the wall for Thomas Cook since a series of nasty profit warnings in the final few months of 2018. Any deal may also be complicated by separate interest from Triton Partners, a private equity firm, in Thomas Cook’s Nordic business. That might inject competitive tension into the process, but it might also make a sale more difficult to structure. Indeed, an offer may not be forthcoming. If Fosun’s interest disappears, the travel group will have to resort to plan A: Pushing ahead with a quick sale of the airline and accessing a new 300 million pound banking facility. Whatever happens, the share price indicates that there won’t be much left for shareholders. The equity is basically a bet on squeezing more pennies from the situation, maybe through an eventual stabilizing of its business but most probably through takeovers of one or both of its chief assets. The latter may be looking more likely this week. But as anyone who’s experienced a British summer knows, it’s hard to rely on getting even a few sunny days. |
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