Thomas Cook Share Discussion Threads

[1224saj] 16/7/2019 17:17

Nigel, hold me back :-)

[freddie ferret] 16/7/2019 17:02

As I say this is going to be interesting to watch over the next few days.

[nigelpm] 16/7/2019 16:58

If they sell the whole lot at below 10p they will have lost 199m and they say they are professional investors! It’s not their money, they’ve just lost their clients money!

Wise to be selling now - opportunity to sell at these levels is a huge gift!

of course one could argue they shouldn't have bought in the first place.

[freddie ferret] 16/7/2019 16:47

This is going to be interesting to watch over the next few days.

[1224saj] 16/7/2019 16:43

Well it's not Fosun, unless their funding off radar their local Chinese takeaway to buy on their behalf ?

[freddie ferret] 16/7/2019 16:40

???
The auction trade of a bit over 2m??

[zen12] 16/7/2019 16:38

Mean 2M buy

[zen12] 16/7/2019 16:37

Hugh trade showing some 3M buy!!

[james_anus_shitigroup] 16/7/2019 16:05

hxxps://www.finanzen.net/nachricht/anleihen/thomas-cook-finance-2-plc-moody-s-downgrades-thomas-cook-s-cfr-to-ca-outlook-negative-7719332

16.07.2019 16:11

Thomas Cook Finance 2 plc - Moody's downgrades Thomas Cook's CFR to Ca; outlook negative

[zen12] 16/7/2019 15:59

Very good question!

[freddie ferret] 16/7/2019 15:49

saj.

But who has been buying them?

[freddie ferret] 16/7/2019 15:48

Impairment of goodwill and brand names. Ummm.

[1224saj] 16/7/2019 15:46

43m sold in yesterday's market as they did a similar amount on Friday.Good or back sign, we will see. If they had sold today, they would have got more. Only 129m to go. If they sell the whole lot at below 10p they will have lost 199m and they say they are professional investors! It's not their money, they've just lost their clients money!

[craftyale] 16/7/2019 15:39

No they don't. They can wait for 0p.

[zen12] 16/7/2019 15:37

RNS - Investco reducing holding

[whatsthepoint] 16/7/2019 15:31

Well 120 million shorters have to buy at some point ?

[titasiinitramho] 16/7/2019 15:31

Trouble is u see this kind of rhetoric at this stage of these situations...

Being a cynical kinda guy, I wonder if the talk is just to pump the price so the longs can exit...

Without a bailout the bondholders will get zip anyway, and the bailout has yet to be confirmed...

[zen12] 16/7/2019 15:24

Expect a bondholder revolt coming..Thomas Cook's rescue plan could be blocked by its bondholders reluctant to see the value of their shares further diminished.Citigroup analyst James Ainley - who declared the travel giant 'worthless' in May - said that if the rescue plan goes ahead, the shares would be worth just 3p each.Currently they are worth just over 5p, having fallen 62% since Thomas Cook announced it was in advanced discussions with its Chinese investor Fosun last Friday.They are hammering out a deal that will see Fosun, which already owns 18% of Thomas Cook, take a majority stake in the tour operator and a minority stake in its airline operations.The deal has been welcomed by Thomas Cook pilots, but Citigroup's Ainley said it threatens to dilute its overall stock by about a billion pounds.Ainley questioned whether bondholders would accept the proposed debt-for-equity swap, given the depleted valuation of the shares they would receive.He denounced the plan as seemingly 'unrealistic' in a research note, adding that Thomas Cook would probably have to issue fewer new shares than proposed, or persuade investors that it has a strong turnaround plan, but he said there had been little detail from Thomas Cook on its recovery blueprint.

[once bitten1] 16/7/2019 15:21

Ha ha ha ha !!!One born every day !!!

[cryptotrade] 16/7/2019 15:14

Can't believe this is 5p.

[zen12] 16/7/2019 15:10

Debt holders revolting - of course they can block this!