Thomas Cook Share Discussion Threads

[graham2405] 15/9/2019 12:59

0-5p......

[nico115] 15/9/2019 09:28

What price are we Monday ?

[tomboyb] 15/9/2019 07:45

The Sunday Times: The Civil Aviation Authority is making contingency plans for the possible collapse of Thomas Cook as the tour operator races to secure a £1.1 billion rescue package.

[dijon52] 15/9/2019 07:14

https://www.thetimes.co.uk/article/civil-aviation-authority-on-alert-for-thomas-cook-collapse-zfxwcdvpx?shareToken=3256814cc1ce0b06b6726669ae468be8

[keifer_1] 14/9/2019 19:37

Cheers nigelpm....I'll need to search out another dog....I was too slow, missed out on FRR and TC, there will be others. :-)

[nigelpm] 14/9/2019 19:30

Yup, IG had a bit of borrow a while back - not since though.

Worth having all three in my experience - IG, CMC and Spreadex.

[keifer_1] 14/9/2019 17:23

Am I too late to short via ig markets?.Now have an ig account.

[hpcg] 14/9/2019 14:22

Hmm, I already have 3 spread bet accounts; added spreadex in 2018 as it has better short borrow on some small companies. Not sure I can contemplate adding a forth.

[nigelpm] 13/9/2019 20:10

CMC have had borrow for months. Surprised no one uses them. Find them to be the best of all the spreadbetters

[csmwssk12hu] 13/9/2019 19:58

I can’t see these trading for much longer now, it’s got pre pack written all over it now, shareholders won’t vote for d4e, bond holders won’t either, administration and wipe all debts out has to be only option, it’s losing so much money now I think you would have to be mad to take it out of administration so maybe time is up completely for TCG

[suttyfella] 13/9/2019 16:12

As in a limit on placing orders through the app

[suttyfella] 13/9/2019 16:10

I'm now short £5k pp at 5.34p with CMC Markets. I was planning on waiting a few more trading days before going to my max but I think the writing is on the wall so just gone for it. CMC had a limit at about £3,200ish pp, so I had to ring my manager fella there for me and he put it through

[keifer_1] 13/9/2019 15:50

Fair comment jaknife. Maybe management should be suspended, from the rafters.

[suttyfella] 13/9/2019 15:48

Let's hope so kiefer! I actually like Thomas Cook as a company, had nothing but positive experiences with them, but picked up another £1,300 pp short this affy so can't wait to see the equity die!

[keifer_1] 13/9/2019 15:36

Bonds now 10.11%TCG is possibly going to be suspended on monday, if not by market close today

[keifer_1] 13/9/2019 15:02

Why has this not been suspended, maybe it will be 7am monday

[mallorca 9] 13/9/2019 14:19

So the end may come next week.

Still some shareholders can't bring themselves to sell - remarkable.

[loglorry1] 13/9/2019 13:21

The Thomas Cook directors will be making sure they are not leaving themselves perssonally liable for anything don't you worry. They'll be paying expensive lawyers (with shareholder money) plenty to advise them.

This is one of the reasons why debtholder/bondholders will trample all over shareholders. It has been suggested here that directors will have to work in Shareholder interests. That's not actually true because they have a fidisury duty to all stakeholders which means they must honor debts before equity when representing the company. It's a common misconception amongst inexperienced investors.

Simply put if you expect directors to side with equity and shirk the companies legal obligation to repay its debts then you can forget it. Doing so would leave them personally liable from debtholder/bondholder action against them.

[nigelpm] 13/9/2019 11:37

no nigelpm, negligence is a criminal offence. unfortunately, the criminal system likes weak targets.

Errm... not sure what that has to do with what I was arguing but nevermind.

[hpcg] 13/9/2019 10:53

Looking like a home run here. Even the majority on the LSE board think it is doomed, and now Qantas. This is what the bonds have been telling us. Assets are worth less than zero in administration so I think this has to go directly through a pre-pack to keep trading.

A reminder to those with very big spread bet positions that in administration the providers may want full cover for the position so make sure you have the cash to be able to cover it. As per above, I think it has to go through a reorganisation instantaneously and thus the payout should be equally instant, but there is now more than a tail risk that it just fails and then it won't be until the liquidators report that an equity wipe out is confirmed.