Thomas Cook Share Discussion Threads

[g2theary] 12/8/2019 07:59

Oh I've had some lovely news ECO have discovered oil :) double whammy this morning ... £30k in that will look healthier later.

[loglorry1] 12/8/2019 07:57

Nigel 50pc of bondholders is enough to form a quorum and get a deal done. You normally need a 33pc stake to block. Having 50pc tied up is likely enough since they probably need 66pc of holders at a meeting which they probably had.


TCG give the size of the debt 4 equity swap now at around £1.6bn. I don't think they gave this before so specifically but maybe they did. That plus the 750+150 of new cash and FOSUN getting tour op and stake in airline surely must mean virtually nothing for exhisting equity. Recap done in 6 weeks so the time table and terms will be out very soon.

[nico115] 12/8/2019 07:57

Why did the Turk buy an equity stake when it's plainly obvious the equity is worthless ?Has he a billion to throw at this ?

[barnes4] 12/8/2019 07:55

The old pi always think they know better

[csmwssk12hu] 12/8/2019 07:52

I wonder if the Turk is the £150m? Said he wanted to take part?

[barnes4] 12/8/2019 07:50

Very very clear but the old pi will try and spin it into something that it’s not

[g2theary] 12/8/2019 07:49

Paid shorters ha! Surly no one is wasting there money on this to pay people to short ... there's no need hahaha

[g2theary] 12/8/2019 07:48

Not the news I thought but still just as bad ... So if you weren't going to be diluted enough at £750 mill they've added another £150 in the mix which might I add in more than what the company is trading at currently. "Significant diluted" & shareholders "MAY" get a chance ... not even will.

[nigelpm] 12/8/2019 07:47

Simple and clear. "Significantly diluted"

Perhaps more concerning is they've only spoken to 50% of bondholders.

[supercity] 12/8/2019 07:43

Existing shareholders are therefore expected to be significantly diluted as part of the recapitalisation,Well they have said it twice now so anyone who thinks otherwise or continues to believe a bid is coming must be off their rocker.

[titasiinitramho] 12/8/2019 07:43

inv12 Aug '19 - 07:20 - 19541 of 19544
"Bid coming this week at approx 20p. This is now a certainty"

????

[csmwssk12hu] 12/8/2019 07:35

They only have agreement with approximately half the bond holders oops

[leadersoffice] 12/8/2019 07:23

The gloves are off... this will be bloody. Many twist and turns. Not for the faint hearted!

[inv] 12/8/2019 07:20

Bid coming this week at approx 20p. This is now a certainty

[leadersoffice] 12/8/2019 07:18

Early October. Anything can happen before then. Expecting Turks to make clear there takeover offer this week which will jettison TCG plans

[philmac56] 12/8/2019 07:06

Another nail in the coffin, 5p so today??

[paul planet earth] 12/8/2019 00:33

The recent name change on TCHI Thomas Cook Hotels Investments to West Fort Capital Ltd on 7th August 2019 is preparation for disposal to Fosun with the hotel assets in this coy which have not been recorded at fair market value but only a tiny fraction of their true value, these assets they own outright circa £1 to £2b..

So Fosun can get them for next to nothing....The lenders will get an equity stake in the airline and probably Fosun pays them off say £300m...Suddenly £750m cash becomes £450m...

The recent cash need announcement of £150m is a ruse to drive share price down and scare off would be buyers like NK....But NK is very experienced hotel investor and knows how to play the game he knows the score and is now gunning for the coy with Turkish Airways and The Turkey Sovereign Fund with its £200b of assets behind it and the Govn wanting TCG it's way of getting closer access and ties with EU membership, AOC licences already granted..It would not surprise me if the EU are a bit concerned about Fosun, Chinese shady background and the dodgy business dealings recently with Citibank and its attempts to rubbish the share price causing a panic sell off crashing the share price .PF secret talks with Fosun in China and a business skint but can afford Casa up market hotel new luxury developments, high spend tv adverts, and expensive hotel renovations....

If TCG is skint the first thing you do is cut all and I mean all non essential spending, capex, advertising, as many overheads etc, etc.

So TCG board are just puppets for Fosun to pull all the strings and what pay off has been agreed with institutional investors who have control and the casting votes I wonder?

It's going to get ugly over the next few weeks but maybe not in the way investors have been currently led to believe more towards Fosun

[hammopj] 11/8/2019 23:17

You short mate?

[nico115] 11/8/2019 17:27

Haha you been drinking mate ??!!

[leadersoffice] 11/8/2019 17:14

Neşet Koçkar is going to have to act pretty quickly, he could start this week issuing a firm statement on a proposed take over.

[kumala] 11/8/2019 16:41

Agree Phil. has the share price been manipulated down for a reason, company still spending millions.BOD states in recent interview comp is practicly worthless with a grin and proudly anonced a recap. while K and russion counterparts see value in the company and buy mils£ worth of stock.fishy fishy, us P.I's will be last to know thats for sure.K

[g2theary] 11/8/2019 16:40

You still have to market the business... it's the best time of year to advertise for holiday... school holiday season surely... IThe'll still be a high street name it's just no value for share holders. As always... it's gone to far this time in my opinion.

[csmwssk12hu] 11/8/2019 16:16

SAJ because they are incompetent