Thomas Cook Share Discussion Threads

[titasiinitramho] 16/7/2019 18:52

cya "tracy moore"...

You stay out of the spotlight, it highlights your bad skin and cellulite...


lol

[mr maestro] 16/7/2019 18:47

Johanna Bonhill-Smith, a travel and tourism analyst at GlobalData, said that while Fankhauser is seeking a solution that will allow the company to continue trading in the short-term, the reality is that the CEO had no choice but to consider any deal that was put on the table.

“The deal with Fosun will provide at least a stay of execution, providing funds to carry on trading as normal over the winter period, but in the longer term there will be drastic changes.”

Bonhill-Smith said if this collaboration is to be truly effective, Fankhauser – alongside the rest of the Thomas Cook Group – need to be fully prepared and ready to accept radical change that is ahead.

“If a deal is struck, Thomas Cook will have to let Fosun take the reins, but cultural clashes due to business norms or an overriding strategy could mean the deal causes more problems than it solves.

“Fosun sees value in the traditional tour operator because of its strong brand and global image and is confident of a return on its investment, provided it can impose its preferred operating strategies.

“On the other hand, Thomas Cook sees the deal as a last chance for the company to remain alive within a highly competitive environment.”

[mr maestro] 16/7/2019 18:40

(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.

[titasiinitramho] 16/7/2019 18:39

Why no, if you have such an informed advisory broker who you can phone at 18:30, I would be interested to do business with him.

Or is he your very own special personal advisory broker only for little old you?

He would gain a client, and you would probs would get a referral fee.

So that "no" doesn't make any sense now, does it.


lol

[mr maestro] 16/7/2019 18:36

Short Tracker

8.22%

The reason for a bounce today.

Mr M

[mr maestro] 16/7/2019 18:33

TitasiiniTramho

No, who are you anyway?

[mr maestro] 16/7/2019 18:32

Thomas Cook caused quite a stir on the stock exchanges on Tuesday. The company suddenly gained between 10% and 15% following the recent massive losses. Short speculators are rumored to continue falling prices. However, this seems currently presumptuous. The price is still clearly on the downside and should fall sharply. Nevertheless, there is a countermovement.
We have already reported that the company wants to issue new shares. In addition, a major Chinese shareholder wants to split the profitable travel group of Thomas Cook. If the corporate action fails, Standard & Poor's believes, there would be enormous risks.
Do shareholders still lose?
But the struggle for secession has apparently attracted speculators who have massively pulled up the price without further notice. However, this movement is likely to be short-lived. If there is a capital increase, the Chinese major shareholder would probably expand its share significantly and thus aim for a takeover in this way. The price gains of the past few hours are probably due to the speculation that a takeover would be associated with a higher course offer. However, according to observers, this should not be the case.
In this respect, Thomas Cook continues to receive a negative rating.


www.finanztrends.info/thomas-cook-ploetzlich-wahnsinnige-gewinne/

[titasiinitramho] 16/7/2019 18:29

Mr Maestro, who is your broker. Can you pm me his details so I can have a chat with him. Brokers are always gagging for new clients...And you might get a referral bonus.

[smraynot] 16/7/2019 18:26

Buy when right.🚀

[mr maestro] 16/7/2019 18:23

Just off the phone to my broker

He said, sell into any rise or take surprise suspension

Trust me, sell when you can

[titasiinitramho] 16/7/2019 18:20

Tracy_Moore.. You are an angry little fellow aren't you...

If you were an actual female as your name tries to suggest, you would appear to be permanently on the blob.

Now, I wonder who Mr/Ms Moore's other incarnations could be...


lol

[mr maestro] 16/7/2019 18:18

Moody's downgraded the rating of British tourism organization Thomas Cook by keeping a negative outlook for the company in search of funding.

The assessment, as stated in a Moody's announcement, reflects a company announcement that it is in advanced discussions with Fosun Tourism Group and its subsidiaries and with the main creditors of Thomas Cook to provide a £ 750 million injection of funding respectively the exchange of a significant portion of the Company's existing debt with equity.

The proposed transaction, according to Moody's, makes bankruptcy based on the definitions used by the rating agency.

Moody's says the proposed restructuring and injection of new capital is required as a result of liquidity and failure to achieve the sale of the aviation segment to enhance liquidity.

Thomas Cook had announced a significant increase in losses for the first half of the 2019 financial year, compared to the same half of the 2018 fiscal year.

For the six months ended March 31, 2019, pre-tax losses amounted to £ 1.45 billion ($ 1.86 billion compared to a loss of £ 303 million in the first half of the 2018 fiscal year.

The announcement of the results had led to the free fall of the share of the company that is one of the largest travel agencies in Cyprus last May as it transports approximately 7% of the island's tourist arrivals per year.

According to the estimates of the Ministry of Tourism, it is estimated that the company transfers about 270 thousand tourists to Cyprus each year.

Liquidity weaknesses, outflows and impairments

According to the announcement, Moody's downgraded the organization's corporate family rating (CFR) yesterday, the likelihood of default rating (PDR), as well as the valuation of unsecured securities of £ 750m which expire in 2022 and unsecured £ 400m of debt maturing in 2023, retaining negative prospects.

The rating as reported reflects the company's weak liquidity position with large seasonal capital outflows during each winter season, the weak trading position in the financial year 2018 that expired in September 2018 and the year 2019 to date, the bookings and margin pressures expected in the summer of 2019, as well as the continuation of liquidity outflows expected in 2019 and expectations of significant write-downs in the Company's existing debt.

It adds that it also reflects the size of the organization as the second largest tourist business in Europe, diversification in terms of product offering and regional presence, as well as favorable long-term growth prospects of the travel market.

The negative prospects of the firm are based on the expectation that there is a high probability of restructuring the company's balance sheet and significant debt write-offs, as well as the assumption that the trading position will continue to deteriorate in 2019 by enhancing pressure.

The company expects the restructuring to include the division of the aviation division and the travel agency division to allow European investors to retain majority ownership of the airline, which, as noted, is a regulatory requirement.

Thomas Cook is Europe's second-largest tour operator after TUI AG, taking a leading position in the outbound tourism markets of Germany, UK and the northern European countries. The company's aviation fleet of 100 aircraft serves more than 20 million customers and is Europe's third-largest airline. In 2018, the group recorded revenues of £ 9,6 billion.

www.stockwatch.com.cy/el/article/eyropaiki-oikonomia/ypovathmisi-kai-arnitikes-prooptikes-gia-thomas-cook

[walkermike1] 16/7/2019 18:13

I think so. Have an inkling that this could fly.

[tracy_moore] 16/7/2019 17:47

mallorca 9 or are you up to 10 now, if you were a shorter you'd be cacking your pants but as it's a fantasy you're just getting a kick by me giving you attention lol x

[freddie ferret] 16/7/2019 17:22

Coffee and Bourbons time I think.

[freddie ferret] 16/7/2019 17:21

Can you "short" Invesco?

[mallorca 9] 16/7/2019 17:17

It will fall to the 0p to 1p range when the details of the refinancing are announced.