Thomas Cook Share Discussion Threads

[jammydodger1] 24/9/2019 16:58

Why are people still talking it's over Move on

[montyhedge] 24/9/2019 16:27

Bad Management, simple.

[spob] 24/9/2019 16:05

Dart Group (DTG) doing okay

regardless of brexit forex etc

[oilisgold] 24/9/2019 15:55

Hence i can state the board of directors in most shares use investors to spread the rumours.

[mallorca 9] 24/9/2019 15:48

oilisgold

no one to blame but yourself.
Of all the shares on the market YOU chose this one.
Now shut up and go away.

[uknighted] 24/9/2019 15:42

With respect oilisgold you should not be criticising people who as you put it are “in the know” since you made such claims on both TCG and MTR advfn threads.

[oilisgold] 24/9/2019 15:30

Kumala,
Hope you keeping well buddy, i will send you PM when i feeling slightly better.
So finally its done and dusted. Very difficult to trust any CEO and only people that sre making miney from shares these days are day traders or those in the know . The board have been nothing but deceitful and jyst been milking the cow. A lot if lifes have been destroyed by this share and mental scars will be difficult to heal.

[ekuuleus] 24/9/2019 14:23

What connections Guns? You price goods to make a profit. All the competition has the same exchange rate. Have you made the connection between incompetent elite class paid millions and the working class getting stuffed?

[kumala] 24/9/2019 14:17

gets worse by the day;:(

[lefrene] 24/9/2019 14:05

A good funeral and a dose of 'told you so' warms the heart of some people herman :¬)

[gunsofmarscapone] 24/9/2019 14:05

I wonder if those Brexit voters who tended to prefer Tommy Cook as a reliable provider of family holidays have made the connection between the exchange rate collapse of over three years and the eventual liquidation of a family favourite.

[tradejunkie2] 24/9/2019 13:13

Why did it fail?

[mallorca 9] 24/9/2019 12:22

Inland Homes INL on an absolute charge up again today.

[yasharsad] 24/9/2019 11:07

Did shorters burn as much as those have been long? They could recover. If they can't recover, they will loose money. Could someone shed light on this?

[hpcg] 24/9/2019 09:55

dealy - if the lottery number come in then the person with the ticket, i.e. the one that bought it for 1.50 collects the winnings, they have the ticket, and I owe the person I borrowed the ticket from the amount of the win. This would be analogous to a shorted company being taken over, which has happened to me with Green Mountain Coffee Roasters.

For shorts the likes of Carillion, Globo, Afren, Thomas Cook are the best result it is possible to get.

[philmac56] 24/9/2019 09:12

On the BBC this morning was a TC pilot who lost his job yesterday.

He said a lot of colleagues are out of UK and will need to make their own at home.

Also added at the end a Hedge Fund was paid out £200 million yesterday due to the collapse.

[steptoes yard] 24/9/2019 09:01

I'm afraid the signs were there, see my post of 19 May below, all publicly available information.



Steptoes Yard - 19 May 2019 - 09:19:44 - 9055 of 20925 Thomas Cook - Fankhauser's Flyers - TCG

Been predicting this outcome for months, see my posts. If anything the end has come along quicker than I expected. But that's the problem with the velocity of money once things go bad, that's it, the co is in the deep end of the pool. Those lining up to buy the airline don't have to pay a premium anymore, they may even get a discount.

Just like a bank with customers queueing to get their deposits out this in turn puts people off booking. I said a year ago when they made 46m profit, on 23m customers that's 2 quid a head! Nine billion of turnover. What happens when that falls just 5%?

If bond prices have been sliding, what possesses people to get excited about the equity?

For those comparing to the 2011 turnaround, well they recruited Harriet Green to head up the turnaround. She was barely three quarters into the recovery when the Bullingdon Club style blazers decided she was more of a threat than a strength. Massive red flag.

Constantly blaming the weather, Brexit. Sure but this applies to all participants in the sector, TUI, OTB etc. Next they'll be blaming having 500 shops when consumers prefer to be online. I'm reminded of the blazers at the English Cricket Board after the disastrous 2015 World Cup when they said "we didn't know the game had moved on and the effect if 20 20 batting on the 50 over game...". ITS YOUR JOB TO FIND OUT.

Sorry but shocking leadership. When you get an accomplished person as CEO try to hold on to them, don't fire them because you feel threatened. Use them.

500 shops! I mean come on! Think about it as a shareholder. If they had put out an RNS 3 years ago saying we are fundamentally shaking up our business following a detailed evaluation and over the next 18 months we are closing 90% of our shops, would peeps have come on here and gone "the board are mad, we need shops!"

Blaming the capital markets. You take money from the capital markets, you return money to the capital markets. Companies who have free cash flow return money to shareholders. Some take money from shareholders. It all depends how they are positioned. When things get dire, yes hedge funds circle, insolvency practitioners are consulted, bond holders and banks trade up and down in the bonds. But TC have a CEO who gets a tad shaken when quizzed on the share price and dismisses it as some "scheme in the city" rather than seeing it as a "reflection of his leadership and vision since November 2014". Because that's how long it has been.

That's why they are paid huge remuneration packages to act in their capacity on the leadership table. I don't doubt that Mr Frankhauser knows lots about the travel business. But i do doubt he knows sufficient about the velocity of money and how capital markets work. He was probably a good Head of Division. But not a CEO. If you want to borrow from the capital markets then at least have a steer as to what the obligations are. Bonds need to be repaid.

Business continuity horizon scanning. So many threats but they affect TUI, OTB as well. Declining high street presence, terrorism, fuel pricing, airline ownership, capital projects like own brand hotels, change in consumer habits, heatwaves, political change, these things aren't new. TC survived Occupied Europe in the 1940s so it should be able to plan for things like this. Even if they don't manifest.

This is leadership like the people who ran the Brit car industry in the 70s constantly flapping around to find an excuse as to why their competitors are bending the rules.

I hope there is something for shareholders but the indications are not so.

[steptoes yard] 24/9/2019 08:48

cyberbub, my understanding is that approx 10 of the TC fleet out of approx 40 may be used at certain locations, the risk is that the planes may be seized in some countries by representatives of creditors which although that has little merit does not help people get home.

bsp, wasn't 911 before the Iraq war

[diku] 24/9/2019 08:08

Did the BOD ever consider doing a merger or be taken over by another Holiday Group when the problems were well publicized and the share price was much higher ?...did their egos say no or lack of judgement?..

[cpap man] 24/9/2019 07:30

Also O/T another excellent drilling on the northern part of the KSZ from KAV

[mallorca 9] 24/9/2019 07:24

Jaknife,

I've just read this mornings AA half year report.

The net debt has hardly been improved at all and still stands at circa £2.7billion !!!

Also a £33m pension blackhole.

They are reviewing their debt strategy.

That's a short for me …. definite D4E ahead.

I've posted on that board.

[bspgamer] 24/9/2019 07:09

You obviously don't, bush and the poodle Blair are to blame for the rise of ISIS and the Devine and fear of flyers and fear of holiday makers. Where do you think the Tunisia beach attacks came from. The bombs in Spain, the attacks in Paris the. 911 the London terror attacks times 2. Australia the world has changed since the Iraq war. And Thomas cook was hit harder than any other company when the Tunis slaughter happened. It never recovered!

[gunsofmarscapone] 24/9/2019 00:15

bsp Blair? Do you know your history of the world?