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Share Name Share Symbol Market Type Share ISIN Share Description
Thomas Cook Group Plc LSE:TCG London Ordinary Share GB00B1VYCH82 ORD EUR0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 3.451 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
3.539 3.595
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 9,584.00 -53.00 -10.60 50
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 3.451 GBX

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Date Time Title Posts
01/12/202009:23Thomas Cook - Fankhauser's Flyers21,095
20/9/201911:52Thomas Cook - MODERATED227
28/8/201910:11Let’s stick together now!!!!7
18/7/201912:03Shorters-
12/7/201908:37Thomas Cook - Sale and Survival Process.232

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Thomas Cook (TCG) Top Chat Posts

DateSubject
03/8/2020
10:30
asagi: only struck off on dissolution I'm told. Asagi (short TCG)
04/6/2020
07:57
asagi: will Companies House be starting strike off proceedings? According to this page: https://beta.companieshouse.gov.uk/company/06091951 the confirmation statement is more than three months overdue. Perhaps strike off is delayed during insolvency? My position with IG is STILL open. Asagi (short TCG)
23/1/2020
12:54
mallorca 9: That's interesting … I still haven't been able to close out my short with IG as they still haven't had formal confirmation from the Administrator that it is definitely not coming back. They have released all the margin and the share price is showing as 0.0001p, however I cannot close it and take the profit until they have that confirmation and the TCG epic is cancelled. Seem's to be going on forever. Can't say that I'm very impressed with IG on that one.
25/11/2019
21:42
asagi: thanks, JakNife. I hadn't read things properly. IG have NOT increased required margin to 100% at any point, so the experience versus CMC is not so inferior. Us shorts are able to withdraw nearly all the winnings (99.9%). I'd mistakenly thought that they had priced at 0.001p but were retaining the margin on the full suspension price. Still, it took too long and CMC was a better experience. Asagi (short TCG)
25/11/2019
13:57
jaknife: Asagi, CMC have a different policy to IG, simples. "CMC paid out at zero weeks ago. If CMC closed longs out at zero also, by your logic, those longs would have a case against CMC." Yes, I agree, in the theoretical scenario where TCG returns cash to shareholders (despite the fact that debt is getting 2p in the pound) then TCG longs at CMC will be able to chase CMC for that cash and likewise, CMC will be able to chase shorts. It probably says so in their terms and conditions. IG have decided to mark positions at 0.001p, the minimum that they can mark them at that isn't zero, until there is a formal legal piece of paper that confirms zero. Hence IG are managing their risk differently. How much is this costing you? Can I pay that amount to you now to stop you going bankrupt? JakNife
25/11/2019
11:17
asagi: certainly not all done here. IG are NOT pricing at zero as promised in their email. I will venture that this is because if they priced at zero, they would be admitting that it is game over and have to pay out shorts. IG are pricing it at 0.0001p and not allowing shorts to close at that price. Asagi (short TCG)
22/11/2019
08:08
asagi: IG DID NOT move to 100% margin but did continue to charge for TCG positions. My TCG short position is still open with IG as of a few minutes ago. Asagi (short TCG)
18/11/2019
21:14
asagi: They've been charging you an overnight rate since late September? Yes. It looks like it at least. That's pretty disgraceful in itself. I'm inclined to agree. I'm going to look into this further. It's not clear from the information online what positions IG's is taking fees against. Nor can I see how much margin they are currently holding against my TCG short. Cheers nigelpm Asagi (short TCG)
24/9/2019
08:01
steptoes yard: 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.
09/9/2019
20:09
jaknife: I am of the view that TCG has passed beyond the point at which there will be ANY return to shareholders. Given the comments about how the pension fund are trying to play hardball (and the pre-pack that would be needed to walk away from the pension scheme liability) I suspect that TCG are going to take the opportunity to do the major pre-pack that they really need to do and also walk away from much of their high street lease liabilities. TCG's advisors will tell them that that would best be done away from the scrutiny of the stock market. A pre-pack would leave current shareholders with precisely zero. JakNife
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