Thomas Cook Share Discussion Threads

[g2theary] 21/8/2019 08:23

This will drift back to 5p

[mallorca 9] 21/8/2019 08:05

The Fosun deal is the only way that shareholders will get anything here.

[mallorca 9] 21/8/2019 07:14

Oh dear.

The end is near.

[hippo] 21/8/2019 06:55

Most likely outcome now is this will collapse. To many concessions are needed to keep it going and the only beneficator (excluding workforce) appears to be fosun. If they don't get what they want, which is everything excluding airline they are gone.Also depends a lot on current trading and the fact they said they needed 150m of new capital and just a month later that is 900m, gives a clue. Damage was done with all the press headlines, coupled with Brexit and currency exchange, who would be booking with them. Nothing to do with shorters, just poor management.....my view is the hole is now too big and there will be no return for anyone.

[pointscorer] 20/8/2019 21:53

Lots of scaremongering continuing from the shorters I see. All of there friendly advice to scare people, so they can try and reverse the trend.
Not enough shares held on these BB's to change the trend.

[keifer_1] 20/8/2019 21:20

Thanks JakNife.Appears TCG could put out a suspension RNS pending administration, any time now. What a sorry sight that such a big well know company has fallen this way.It's been flown into a cliff by either the present management or the ones before.Many have, or will, lose substantially on this investment.

[keifer_1] 20/8/2019 18:50

TCG bonds are now below the 52 week low.

Can anyone with experiance in bonds tell me whay they are still falling ?

The bond holders must be going to also take a short back and sides? Well, maybe a grade 0 all over?


www.berliner-boerse.com/index.php/Bonds?isin=XS1531306717

[pointscorer] 20/8/2019 16:54

Someone was taking up blocks all day of 80k as well...cielos I think you meant 8.62p

[g2theary] 20/8/2019 11:37

I've managed to take a short position on Plus500

[cielos] 20/8/2019 11:19

Where is that news?

You have to be a short, and MMs calling you for that

[nigelpm] 20/8/2019 11:03

Hate to say it but this is looking rather desperate now - I hope for all employees and stakeholders that this gets resolved. It would be quite unpleasant if Fosun walk away and it goes under.

[g2theary] 20/8/2019 10:51

Where is that news?

[cielos] 20/8/2019 10:40

Yesterday there was this >>>> shorts / share loans no longer available

I wonder why, well I do know
But not those posting repetitive doom & Gloom.

[titasiinitramho] 20/8/2019 10:18

Thought it would be down more than 7% if Fosun are wavering...



HONG KONG (NikkeiMarkets) -- Fosun Tourism Group, the operator of the Club Med branded resorts, expects to face hurdles in the planned acquisition of a controlling stake in Thomas Cook Group, its chairman and chief executive said on Monday, adding that there was a chance the Chinese company will not take part in the latter's re-organization.

"Like any merger and acquisition, the acquisition of Thomas Cook involves much difficulty," Qian Jiannong said at a post-earnings news conference. "Various sides have got their own priorities. We are intensively listening and negotiating with various parties."

In July, Fosun Tourism said it is considering a proposal made by London-listed Thomas Cook in relation to potential investment and reorganization.

Under the proposal, Thomas Cook is targeting an injection of 750 million pounds ($909 million) of new money, which may comprise capital injection and new financing facilities, Fosun had said in that filing. It also mentioned that Thomas Cook's external bank and bond debt will be converted into equity.

The recapitalization would require reorganization of the ownership of Thomas Cook's tour operator and airline business, resulting in Fosun owning a controlling stake in Thomas Cook's tour operator and a minority interest in Thomas Cook's airline, the filing added.

"There are some long-term value investing principles that we will not give up though," Qian said. The company does not see Brexit impacting the negotiation process.

Fosun Tourism, part of conglomerate Fosun International, which raised $428 million in its initial public offering late last year, saw its share price fall 48.2% so far this year.

The stock rose 4.5% to HK$8.35 on Monday after reporting interim results, while the city's benchmark Hang Seng Index gained 2.2%.

Qian said the company is not 'happy' with the current share price. "It does not show our value."

Earlier Monday, the company reported it swung to net profit of 490.02 million yuan ($69.55 million) for the first half from net loss of 254.52 million yuan year-ago as revenue rose 35.9% on year to 9.06 billion yuan.

Fosun Tourism remains confident on its strong pipelines to open new resorts in the future, it said in an exchange filing. These include a resort in l' Alpe d' Huez in France, a new chalets-apartments in Grand Massif Samoëns Morillon in France and a resort located in Miches Playa Esmeralda in the Dominican Republic, which is likely to open in 2019, among others.

In addition, the company signed several contracts to open new resorts in China in the next few years, including the Club Med resorts in the Lijiang and Taicang project, the filing said.

The company is in discussion with holiday resorts in several provinces in China to provide resort management services, Qian added.

-- Benny Kung

[cielos] 20/8/2019 09:46

no decency on the dirty impair news, the same as his mind >>>> mallorca

shorts had to close due to recalls of shorts 4 days ago, no wonder the share price has gone up since.

TT International 3.10% -0.34% 16 Aug 2019

[mallorca 9] 20/8/2019 09:29

share price collapse about to happen !

[mallorca 9] 20/8/2019 09:29

Dear oh dear oh dear

If rescue talks have broken down, they must announce it to the market.

[g2theary] 20/8/2019 09:26

Oh dear o dear...