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Same happened with Monarch a couple of years ago.
When it happens all the eyes light up at Easyjet, BA, Ryanair, etc , etc.
The price will increase -maybe 100% the day after anything like that happens
Justification? - Supply and Demand
Debenhams all over again!
Debenhams all over again!
Agreed. A colleague booked a holiday with XL Holidays a mere five days before it went under. It’s business as usual until the axe falls, and the last thing a company wants is to say or do anything which might worry customers.
He rebooked with another company the same day. Prices had shot up. The holiday he booked sold out within 24 hours (actually it was the flight that ran out of seats, not the hotel).
They got rid of Harriet Green. She turned them round the last time and what happened? Thank you very much and goodbye, we will go back t what we did before you saved us.
Never learned, never listened
well yes I could and I did, but they have clearly been briefed due to expected amount of calls they will be receiving, and they will have to be very careful in their comments to customers at this time, my point is that they were very bullish, there was absolutely no suggestion of being careful in what was said or guarded in any way which is what I expected.
I am no fool, I understand how these things can work and I appreciate the need to be positive for them, just was far more so than I imagined, thats all I am saying.
Looks like they are asking Fosun for more cash to be burnt
Just listening to SMOOTH radio and Thomas Cook have just run an ad advertising their cruises and services... Fair play they are not playing to the press and continuing to advertise as well and take bookings.
I have to say that the silence is more annoying from their side than reading the scaremonger stories in the news. This is when a crystal ball would come in a tad handy :)
well, I have flights booked with TC in a few weeks so I tried to contact them, not thinking I would be able to be honest, believe it or not I managed to get hold of TC both online and via phone, both employees were very positive and confirmed that 'holidays and flights will remain unaffected by today's news', even said they could '100% guarantee they will remain in business' and 'TC airline operations will continue to run as normal and our holidays and flight programmes will not be affected in any way' and 'there is no need to be concerned, the plans we have announced and the process we continue to work through will provide even greater certainty for TC's future' - couldn't get more categoric than that and far from what I was expecting to hear to be honest, they were both very very positive, we shall see.................seemingly all contained within an email from their CEO so I was told.
Are they just putting a positive spin on it as it is all they can do, but if so why be so very bullish, why not just say "presently nothing has changed and we will be in touch if anything changes"......interesting.
Web chat has been printed off and phone call recorded so all a matter of record now, feeling a little better but still sad for shareholders, not sure they will get much if anything. GLA
LONDON (AP) — Thomas Cook, one of the world's oldest and largest travel companies, is facing a race against time to stay afloat.
The debt-laden British-based company has confirmed it is seeking 200 million pounds ($250 billion) in extra funding to avoid its collapse.
The company says it is in talks with stakeholders such as leading Chinese shareholder Fosun to bridge the funding gap and stave off entering administration.
Thomas Cook said in a statement on Friday that the money required would be a "seasonal stand-by facility" and come on top of the 900 million pounds it had already raised from Fosun and its lenders.
If the company goes under, an estimated 180,000 people could be stranded abroad. Thomas Cook employs 22,000 staff members around the world, including 9,000 in its home market.
Most of mine is strictly FTSE100 divi stock. Capital has to go somewhere lol. I reckon a Brexit deal is on the cards too...
@fonters if I was you I wouldn’t touch anything that is priced in GBP until the brexit crap is over as the uk stock market as a whole could take a massive hit soon
What's stopping you illbetabuck?
And there I was about to go into a full chorus of Frozen the musical after reading that.....
Sorry the child in me coming out....
Personally, I'd advocate starting a sovereign wealth fund and buying SXX. Billions in future profits, jobs and a good vote winner to boot. Debs et Al on the high St are finished. They need to be let go IMHO.
Apologies if already posted.
/uk.reuters.com/article/uk-thomas-cook-grp-investment/britains-thomas-cook-scrambles-for-200-million-to-avert-collapse-idUKKBN1W50IJ
I very much doubt that Sunday is D Day as being forecast in the press, but unless they hurry up and make a statement they are really going to have more problems on their hands than they can deal with. Holidays will not be booked, flights will not be booked and of course if anyone owes them money they will think twice about paying it so quickly. I really do feel sorry for the staff as they are in limbo as to their future if they have one, if Fosun continue, which looks fairly real, they are getting a bargain but at the same time, they are going to have to invest a lot of time and money reassuring the public that there is indeed a future after Sunday!
Where would you stop? People currently calling for bailout of Sirius. What about Debenhams, House of Fraser and Patisserie Valerie to protect the High St. Flybe? Carillion and Interserve? These are just some recent names
I hope you get your flight etc but I have lost many thousands of pounds in shares just like others and let's not also forget the employees shares etc all being wiped out completely.
Why not just give the total £600m straight to tcg and pay off some debt.
First of all these directors need shooting for all their poor work, don't forget they are still being paid millions and will probably get a nice big fat bonus for sorting out a Fosun deal as well.
Meant to be flying with Thomas Cook on Sunday. I'm amazed they are still letting people fly knowing there is a high risk of collapse. Are there any rumours about grounding flights over the next few days?
But if they get the extra £200m agreed it will go into their bank account now will it not, and as such could be used or taken by the banks at any time if the banks are in control.
So it may not be there in a fewdays / weeks when needed.
CAA preparing a £600m repatriation at taxpayer expense - why not just guarantee the £200m and save £400m...........am I being too simplistic?
Can only see the spread getting much bigger today, could be 1p -2p spread very soon.
surely someone will be having a word in the Bank's ears, not so long ago they were bailed out themselves and RBS is still heavily owned by tax payers anyhow, would be a travesty for the Government not to get involved at this point to support the business, the staff and the customers................the £200m is really just insurance is it not, the Fosun deal already 'agreed' will support the normal running of the business for the foreseeable future, will be amazed if they don't get a last minute reprieve. All that said shareholders will get nothing either way