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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
So they have about 2 days over the weekend to find another £200m and could be gone by Monday morning, so surely this stock should be suspended tonight and only brought back if a deal has been reached by Monday.
3 hrs to get your money out.
Not quite right. Normally when on holiday with ATOL company you finish your holiday and there are planes to bring you back - no always to your departure airport - but they put transport on to take you back to where you flew from.
But dont let the truth stop you from silly comments when peoples jobs, and much more re at stake
Will be very interesting to see if there is a huge scramble to get out before close today.
Feel sorry for the PI's that got Turked by all the insane ramping, I did post before about the serial ramping being out of order but got chewed out.
Before the summer hols they said book up no problem now these poor people will have their hols cut short and a ride home with the RAF. I hope the politicians will realise now how corrupt the financial system is and do something about it, some one should be jailed for this, blatant fraud.
Having said which I do feel sorry for longer term holders and staff here.
Looking back, I concluded TCG was finished when the sp was 56p. CAA are now on standby to repatriate holidaymakers, reports are rife that TCG will collapse on Sunday, and even if it survives shareholders are being told they will be all but wiped out entirely. Anyone doing anything but dumping this needs their bumps feeling.
It had no impact on the price, in fact the price went down so although showing as a buy it was probably a sell.
Guys the writing is on the wall Kockar is not coming, it has already been suggested he is in discussions with Fosun should the deal go through, there is no benefit at all for him buying more shares! DYOR
There are investors, traders and gamblers. A fruit machine tells you on the front that it is only going to pay out an average of 74%. TCGs BOD tells you that it is likely to pay out 0%. Therefore, one for the gamblers only.
Really can't believe why people are still in it..only few hours left before the inevitable happens..
Hope you're right. Might have been his big buy last night? Never know
Kockar is coming....
I think it is the adage of buying when there is blood on the street.
I’m Gobsmacked anyone is buying
if thats the case then the MMs will make it very hard to sell back into market , day traders won't risk a monday opening carnage
The only thing I can think is this is day traders trying to make money on the swing.....but they will be out before the bell strikes this afternoon