Thomas Cook Share Discussion Threads

[vodolounge007] 03/8/2019 13:47

Puss; that’s the Turkish billionaire we have been speaking about on this thread , it’s not another hotel owner

[puss1984] 03/8/2019 10:19

Another hotel owner seeing the valve in Thomas cook

[nigelpm] 03/8/2019 09:33

Dear nigelpm,

Understood, however I am sure you will welcome the chance to speak to him and to ask him if he would be interested in a financial investment?

Dear rmart,

Rest assured we are speaking to all parties with a view to ensuring the best outcome for all stakeholders.

[nigelpm] 03/8/2019 09:31

a new bidder has entered the fray.
....
and there is another bidder in town.

He's not a new bidder in the sense of injecting fresh cash into the business!

This is critically important but no one seems to understand it except a select few.

[puss1984] 03/8/2019 09:31

And there lays the problem rmart
They don’t care about the share holders

[mister md] 03/8/2019 09:30

“We believe Thomas Cook has more value and potential than what is being discussed recently, particularly with the skillset and complementary capabilities Anex Tour shall put forward,” Kockar said in an emailed statement on Friday, referring to his own travel company.

The Turkish investor also expressed a desire to engage with other shareholders. China’s Fosun Group has initiated a rescue plan that is expected to heavily dilute the stock.

Thomas Cook declined to comment on Kockar’s statement.

[rmart] 03/8/2019 09:27

from lse: Paul-PlanetEarth

Next Steps - The Prisoners DilemmaToday 09:25

Fosun has entered a complex and lengthy set of negotiations with both lenders and ii's...It had a strong bargaining position, cash on the table, and it must have come as a shock that a new bidder has entered the fray.

The prisoners dilemma, ii's will start playing hard ball knowing the share price is on the up and there is another bidder in town. So now what, how to up the anti with the ii's when the tables have turned but this means more time and alot more cash than they could get away with and more time means a higher market share price and no guarantees that negotiations with the ii's and there are over a dozen will end satisfactorily and there is the threat that NK will launch a take over bid in the meantime.

It seems in my opinion the most logical strategy is to launch a direct takeover firmal bid in the market and suspend the internal negotiations.

This weekend is the crossroads for Fosun continue internal negotiations or launch takeover bid in the open market.

Monday, I expect the share price to climb between 35% to 50% to 13.5p or higher and if so Fosun will announce a formal bid Tuesday morning to try and outsmart NK giving them no time to react and raise the finance to counter bid..In my opinion Fosuns formal bid offer will kick off at 25p pricing TCG at £350m+..

This is exceptionally giid value for a huge business and industry giant with revenues in excess of £9 billion, 11m customers, a huge European operation with a well respected network of travel shops hundreds of hotels and a profitable airline which can be sold for over a £1 billion at a later date.

And there is plenty of scope to cross sell, exploit synergies and cut costs with an instantly well known and recognised global travel brand name with over 180 years of travel experience.

From then on I expect a bidding war with NK making a counter offer say 30p to 35p a share valuing TCG at £420m to £490m still exceptionally cheap!...DYOR.

[rmart] 03/8/2019 09:22

and is he is a waste of time you can tell him to do one, or if he is serious in offering a deal that benefits shareholders better then the current one you will give him the time of day?

[rmart] 03/8/2019 09:20

Dear nigelpm,

Understood, however I am sure you will welcome the chance to speak to him and to ask him if he would be interested in a financial investment?

[nigelpm] 03/8/2019 09:20

Of course what you are actually likely to get would be:

-------------

Dear rmart,

Thank you for your email.

As noted in the recent RNS we are working with all parties to consider all options and maintain the best outcome for all stakeholders in our business.

[nigelpm] 03/8/2019 09:13

Dear rmart,

Thank you for your email.

Sadly, we have breached our banking covenants and liquidity has dried up. We feel that the only credible plan is the one put forward by Fosun as they are planning to directly inject £750m into our business in exchange for the tour operator and a minority stake in the airline. Whilst we welcome the interest from Mr. Kockar he has not directly contacted the management with an investment plan. The purchase of our shares isn't the same as making an investment of cash into the business I'm afraid.

[dijon52] 03/8/2019 08:42

https://twitter.com/Chaser521/status/1157556332288991232?s=19

[rmart] 03/8/2019 08:39

mine is in to [e-mail]


Dear Sirs,

I hope that you are fully considering your private shareholders interests with the development of the large shareholding taken by Neset Kockar.

As a shareholder I would ask that you fully consider what he has to say to see if this could involve a better outcome for your shareholders and not just quickly move ahead with the current refinancing offer from Fosun.

I am sure there is enough time to consider all options and anything which helps private shareholders obtain a better outcome has to be considered.

I am shocked the board have made no comment. I hope it is not a case of just ignoring him for the boards own personal gain.

Kind Regards

[puss1984] 03/8/2019 08:38

I agree rmart
This has been a huge set up by the BOD
and I think it’s been planned all year

[puss1984] 03/8/2019 08:35

I am no expert in this but I think BOD want the deal to go ahead with forson who they already work with a lot already and also trust. I don’t think the BOD care in the slightest about the share holders in fact it almost stinks of a stitch up.
Ask yourself this.
If Thomas cook are so short of cash why did they and continue to do so invest heavily in the purchase of hotels and the refurb of their own brand hotels. Why did they not put that on the back burner till things picked up ? Why all of a sudden this year down grade there assets after all these years

As for for NK and Anex this is my thinking of it. I think you need to look at another director of Anex his family member serhet kockar
Serhet has just spent over 800m euro building the lujo bodrum hotel and has been actively seeking to buy more hotels in side, belek , bodrum and Antalya
These are all huge 5* all inclusive hotels that will need big refurbs doing to them so each hotel he buys will end up costing him 100s of millions
So what has Thomas cook got that the kockar family would find useful ?
They have hotels that have already been refurbed. Buy Thomas cook at this price and then hotels are a cheap purchase
TC also has a huge amount of loyal customers that holiday twice a year in turkey. TC also has a very profitable airline and a travel business
Yes it has debt but that debt is nothing compared to the amount of money the kockar family where going to spend on hotels something they won’t need to splash out on if they gain control of Thomas cook.

My only worry is the BOD of TC
ALL they want is a tie up with forson and to go private

[rmart] 03/8/2019 08:30

It is an absolute disgrace that Thomas Cook have not commented on the investor comments.

They will be desperately trying to get the deal done faster now so they get thier massive bent backhanders in the brown envelopes for themselves. Absoulte crooks.

This guy deserves a fair hearing by the board and my advice to EVERY holder is to send an email in demanding they give him the time to put forward his plans.

If we all sit back and say nothing the bod will simply ignore him unless he builds a very large stake and tries to oust them. He may very well have passed the 18% fosun hold by now and become the largest holder, then they will have to listen.

But sharehlders must email in to [e-mail] and demand the board consider his approach.

[walkermike1] 03/8/2019 08:25

Well he clearly sees much more value in the business than the market is suggesting. Again, I reiterate, this investor has some serious credentials. And judging by the huge amounts of share purchases yesterday, this company is not about to go under anytime soon.

[csiclearly] 03/8/2019 07:34

So.. Thomas Cook clearly state shares are 'Worthless ' How wrong ?? Currently anyway.Anyone shed light on this ?IF This Gent fromTurkey is such an astute businessman then what on earth is he doing ?IF AGAIN.. We take Frankhauser ( sp) at his word, Our Turkish friend is either committing Financial Hari Kari, HUGELY 'in the know' OR ' in bed with our German connection!!Anyone?

[once bitten1] 03/8/2019 06:50

A Turkish offload ..?

[letmepass] 03/8/2019 03:30

Oh dear i hope mallorca is ok. Hes been vert quiet. Is he still adding to his short

[sapper2476] 02/8/2019 23:35

Something that large will be worked throughout the day so you will have no Idea what it is, only a price at when it was published.

[vodolounge007] 02/8/2019 23:27

It’s not a buy, it’s a sell someone sold 16m. But thanks for the glasses suggestion

[inthemix] 02/8/2019 21:39

Once bitten an Mallorca seem to have similarities... "oh dear oh dear" could be wrong but I'm a detective.