Thomas Cook Share Discussion Threads

[kumala] 22/7/2019 08:31

cheers Phil. il send u pm ltr. im about to be driving now for a while.cheersbud.K

[mallorca 9] 22/7/2019 08:30

My favourite recovery stock (likely to double within 12 months)is Scapa - SCPA.

Bagpuss - that one is for you.

[mallorca 9] 22/7/2019 08:27

Some may remember that last week I tipped one of my bigger holdings - Learning Technologies Ltd … LTG.

It's up 16 % this morning on and excellent trading update.

Mrs Mallorca is very pleased.

[mallorca 9] 22/7/2019 08:24

csm,

being patient and waiting for the RNS with the restructure details.

I'll be very very surprised if the new share price is more than 1p.

If the debt holders reject the deal on offer then it surely has to be Administration.

[only who?] 22/7/2019 08:12

Where's this promised news, then?

[csmwssk12hu] 22/7/2019 08:09

Mall I’d see how today pans out and cash in personally just in case something does come out of the woodwork your now playing with 30k to try and make 4K more it’s not a good risk to reward ratio anymore just my opinion, whitbread looking good to short imho at the moment although once this tender is out the way someone may want premier inn you never know imho dyor

[russell crowe] 22/7/2019 07:57

From the Telegraph......Thomas Cook’s demise has been an exercise in value destruction on a scale few other company meltdowns can match.

The malaise stretches back more than a decade and the overall bill runs into the billions of pounds.
First came a disastrous merger with MyTravel in 2007 under Fankhauser’s predecessor-but-one Manny Fontenla-Novoa, a deal that promised to create “an even stronger force” in the travel market, and that old favourite of egotistical, empire-building bosses: “significant value creation”.

The deal was a disaster.

Earlier this year, Thomas Cook unveiled yet another profit warning, this time the result of a £1.1bn writedown on the MyTravel takeover.

Incredibly, just a few years later, Fontenla-Novoa doubled-down on his spectacularly stupid bet on the UK high street, merging its travel agency with the Co-op’s in 2011 and doubling the number of high street shops in the group to more than 1,200 just as internet bookings were beginning to take-off.

A financial bailout followed in 2012 and, yet, here it is seven years later having to undergo an even more severe rescue than the last after debts spiralled to a mind-boggling £1.6bn.

This time, long-suffering shareholders will almost certainly be wiped out after watching their shares crumble from a high of nearly 300p to less than 5p over the last decade.

As if such a fate isn’t shocking enough, the true financial cost has finally emerged.

Thomas Cook, a humble tour operator providing package holidays to the masses, has shelled out a staggering £1.2bn in interest on its borrowings and fees since the 2012 refinancing, providing a veritable feast for the throng of bankers, lawyers, public relations specialists and restructuring experts that have artificially kept it on life support.

Its crash landing is an exercise in collective failure that the City will want to quickly forget.

[castleford tiger] 22/7/2019 07:55

17058 post

I see nothing????????
Tiger

[castleford tiger] 22/7/2019 07:51

Bagpuss says

What utter rubbish ...it’s a done deal !!!
60/40 ....B/S !!! Shareholders Nil ( me)
TCG Directors LOADS!! Fresh start .. Directors Happy.. but no one else .....


If you read it I said in my opinion.
For utter rubbish read your posts
06.02.19 no 6586 or
13.03.19 7135

Regards Tiger

[mallorca 9] 22/7/2019 07:50

My short positions are still open - feeling very confident about it.

[sentimentrules] 21/7/2019 17:50

Notice the large volume spike on July 12th? If this goes into admin that will be three companies that did that days to a few weeks before closure.

Carillion and Debenhams did it just before bang

[craftyale] 21/7/2019 17:29

From the Telegraph......Thomas Cook's demise has been an exercise in value destruction on a scale few other company meltdowns can match. The malaise stretches back more than a decade and the overall bill runs into the billions of pounds.First came a disastrous merger with MyTravel in 2007 under Fankhauser's predecessor-but-one Manny Fontenla-Novoa, a deal that promised to create "an even stronger force" in the travel market, and that old favourite of egotistical, empire-building bosses: "significant value creation".The deal was a disaster. Earlier this year, Thomas Cook unveiled yet another profit warning, this time the result of a £1.1bn writedown on the MyTravel takeover.Incredibly, just a few years later, Fontenla-Novoa doubled-down on his spectacularly stupid bet on the UK high street, merging its travel agency with the Co-op's in 2011 and doubling the number of high street shops in the group to more than 1,200 just as internet bookings were beginning to take-off.A financial bailout followed in 2012 and, yet, here it is seven years later having to undergo an even more severe rescue than the last after debts spiralled to a mind-boggling £1.6bn. This time, long-suffering shareholders will almost certainly be wiped out after watching their shares crumble from a high of nearly 300p to less than 5p over the last decade.As if such a fate isn't shocking enough, the true financial cost has finally emerged. Thomas Cook, a humble tour operator providing package holidays to the masses, has shelled out a staggering £1.2bn in interest on its borrowings and fees since the 2012 refinancing, providing a veritable feast for the throng of bankers, lawyers, public relations specialists and restructuring experts that have artificially kept it on life support.Its crash landing is an exercise in collective failure that the City will want to quickly forget.

[craftyale] 21/7/2019 17:22

I just don't get the behaviours around here. I thought only Ostriches buried their heads in the ground. Kumala....no more sympathy from me. The transfer of wealth continues. Should be an interesting week/month.

[kknight01] 21/7/2019 17:11

Announcement coming tomorrow folks. You heard it from me first (again). Hope you managed to sell when I warned you the other day. Good luck all.

[nico115] 21/7/2019 14:48

0.5p tgt Strong sell

[mallorca 9] 21/7/2019 12:37

Kumala and Phil,

why don't you two love birds get together.

Phil , this is identical to what you did on the Hawk thread, where your £100k SIPP investment went from 14p to 0p ..with you holding all the way and losing every penny … whilst sending private messages.

Then you looked for something else that had tanked and must therefore rise … hence TCG.

Sorry … but you deserve all you get.

[mallorca 9] 21/7/2019 12:24

CSM

just over £1k per point from the 30p's

[cautious7] 21/7/2019 12:03

Any mention in the Sunday press?

What in your opinion makes this a buy at/around 4p?

I'm hoping to take a small gamble ie all or nothing but seeing your views.

TBH, I'm of the opinion this may end at just under one p, but open to suggestions for the 100% gamble, possibly

TIA

[philmac56] 20/7/2019 18:07

Until he has a new alias

[nico115] 20/7/2019 17:46

Incredible I have done well in Spsy ,took 11pct at 20p and some higher..now 130p and being greedy and keeping!!V well done youI'm short 600k TCG as think will be less than a penny Have you a posi here ?