Thomas Cook Share Discussion Threads

[tidy 2] 23/5/2019 19:37

Sky newsThe precise valuation attached to a deal is unclear, although one insider said the sale of its Nordic airline and tour operator was likely to be worth "several hundred million pounds".hTtps://news.sky.com/story/amp/triton-flies-in-with-offer-for-thomas-cooks-nordic-arm-11726750

[aladin1033] 23/5/2019 19:10

There is no way we will stay at 12-13p or below. Its clear it will be sold my guess is for £350m and we still retain part of the airline business yes we are selling the profitable part but its better than bust. £350m = 26-27p then we have the rest of the business and new hotels being built 20 this year! This will be 40p next week if they can move quickly

[aladin1033] 23/5/2019 18:33

Double? On a final
Deal? Sold? Muchhh
More than 25p easy 40p

[rakepat37] 23/5/2019 18:25

Should open hight tomorrow as meeting being held and offers being made .... and usually a leak here and there... high risk but offers are on the table... hopefully double or triple share price offers ...

[aladin1033] 23/5/2019 18:20

Obviously they will say this what do you want them to say? There will never ever be a d4e why would there when we have multiple offers the chances of a d4e are slim with all the offers and a further offer today

[floydymagic] 23/5/2019 18:07

This looks fantastic for a recovery to 20p and beyond in short term with the company looking at multiple bids and options for best interests of shareholders.

[aladin1033] 23/5/2019 18:06

Topa we already have multiple offers and an rns today with another offer this is only going one way nothinf like flybe or deb

[aladin1033] 23/5/2019 18:05

Flyod received at 17:17

[topazfrenzy] 23/5/2019 18:02

aladin,

That's what they all say before the ship sinks.

[floydymagic] 23/5/2019 18:01

Aladdin, thanks for this.

When did you receive this?

[aladin1033] 23/5/2019 17:57

Email from ir no debt 4 equity planned



Thank you for your email. We understand your concerns, particularly given the heavy sell-off recently. The management team and the Board understand the gravity of the situation and are working hard to secure the business for the future.

There are no plans for a bond for equity swap at this time. We have taken a number of proactive steps in recent months to strengthen our financial position. We have the support of our lending banks and major shareholders, and just last week we agreed a term sheet to provide additional funding over our winter cash low period.

With regards to the airline we have received multiple bids for all and part of the group airline and are currently assessing the bids received, we want to ensure we best value for our shareholders so we are taking the time to ensure we get the right result from the strategic review.

Kind Regards
Alex






Visit us at www.thomascook.com, Thomas Cook stores nationwide.

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Thomas Cook Group UK Limited
Registered Office - Westpoint, Peterborough Business Park, Lynch Wood, Peterborough, PE2 6FZ
Company registration number: 2319744 England

[rmart] 23/5/2019 17:29

VIRGIN, LUFTHANSA AND NOW TRITON, THIS IS NO FLYB ! This is the bees knees. There is a bidding war which means a premium will be paid.

UNSOLICITED OFFER - MEANS TRITON APPROACHED TC.

[jimmyboy17] 23/5/2019 17:27

Oliver Gill
23 MAY 2019 • 4:29PM
Follow
Thomas Cook has had an unsolicited offer from a European private equity giant for its Scandinavian business, providing a much-needed boost to its parlous financial situation.

Triton, a German-Swedish fund manager that recently bought continental travel agent Sunweb, made a "highly speculative" bid for its Northern Europe division, comprising its tour operator and airline in Norway, Sweden, Finland and Denmark. Its market-leading Nordic brands include Ving, Tjareborg and Spies.

Thomas Cook said it was evaluating the offer alongside the ongoing strategic review of its airline, for which it has had multiple bids.

A deal would see about a fifth of the the 178-year-old company's workforce move to...

[knowing] 23/5/2019 17:12

So unsolicited translates to people see value

[pre] 23/5/2019 17:03

agree from 21/5 so take yesterdays and todays sells...question is how much have they sold over the past 2 trading sessions? Guess they still hold a sizeable chunk, but hopefully out soon...

[rmart] 23/5/2019 16:56

59.9m was Tuesdays number.

[pre] 23/5/2019 16:46

standard life had circ. 59.9m per todays rns so that 5.8m is probably them selling up.

[rmart] 23/5/2019 16:43

5.8m sell at 12p, nice, they must be almost done imo.

[rmart] 23/5/2019 16:37

well that 1.5m buy order was well worked at 12.47p (£193,000)