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PF signed off court papers final debt standing of £3.1 billion. Jeez...
I made a bet with a friend that BREXIT? On this board traders talk the
market up and down . I am not a trader. My Brexit Bet has nothing to do
with money. If I win I shall enjoy a trip paid for by the loser.
Staff will move on and find another job but INVESTORS lost
their investment while short sellers made fat profits. That is the
game on AIM and now on the main Market . The chap in charge of TCG
is not impressive and one wonders why and how he got the JOB.
Meditation and keep fit must have been his priority and that is not enough
to run a complex organization like TCG.
Experts estimate probable transfer Belgian branch high in
the cloth has not yet fallen on Thomas Cook Belgium. By asking for protection against its creditors, the company buys time to find a buyer. The first contacts have been made and there would have been interested parties. Not surprisingly, experts say. "Remove the British mother hen and profitable Belgian company remains."
Germany gave Air Berlin similar thing it lasted a few more months
No taxpayer money for this basket case
So the Germany will bail out Condor but UK Govt refuses
I am sorry you feel that way but I know of some investors
who were misled, lost, started drinking, divorce and ended up
homeless. Most FAT CAT Gamblers live in luxury. TCG gave them an opportunity.
Easy money if you have insider information. Far too many companies go down the
drain on AIM and now on the main market. Good Night.
Do I need to remind you about the German billionaire that shorted VW shares, lost hundreds of millions, and later committed suicide.
So, same stuff happens there as here.
Also ever heard of Deutsche Bank. Fingers in god knows how many dodgy deals.
Don’t be naive.....
Gutted but not surprising. Too many speculators made far too much money when
TCG collapsed. Short Sellers are in charge as soon as they spot a weakness
in an organization. The Guy in charge of TCG was too greedy and not smart enough to run TCG
An impossible situation. Investment should be taken seriously.
Germans invest and do not treat the market like a CASINO. Brits do and get away with it.
Germany to offer 380 mln euro bridging loan to Condor - Reuters
BERLIN, Sept 24 (Reuters) - Germany has decided to guarantee a bridging loan of 380 million euros to Condor, the German airline owned by insolvent British travel operator Thomas Cook, Economy Minister Peter Altmaier said on Tuesday.
"Condor is a profitable company and therefore our decision was based on economic factors, not on political criteria," said Altmaier, adding the decision meant that many of the roughly 5,000 workers would be able to keep their jobs.
Altmaier added that the state of Hesse, where Condor is based, would participate in the financial aid, as previously reported by Reuters. (Full Story)
(Reporting by Madeline Chambers
Editing by Chris Reese)
only source I have......
Germany just bailed out Thomas Cooks German business, Condor continues to fly........
So much for UK government blaming EU rules stopping them from helping support TCG.
Gutted for TCG's UK Staff.
Yes true for small shs
larger ones have somewhat more of stake in profits if any and sp rise if any.
Brokers fee is fixed 12 pound a trade so they are limited.
Lots of small trades make money for them
Yes many people are naive re shares.
Kids get this from the 1920s born generations
ooooh shares you must be rich
oooooh dividends money for nothing
socialist councils too idle shareholders making money .
Its all rubbish as you say.
It may have borne out once but not today for a long time
Thatcher pushed shares at a time they were in a long bull run
Things are different in a slump.
Sometimes shs vote but it can be very skewed like they will
not vote for women or ethnics whoever they are just because etc.
"As a shareholder it's your company, and if you thought it was so badly run, why on earth buy shares?"
Because such people treat the purchase of a share as being the same as placing a bet in the bookies.
The average PI never holds the board to account, doesn't bother to vote at the agm. The average mug punter PI sees the board's only responsibility as being to increase the SP, so that it can be sold at a profit.
The mug punter takes no activist responsibility for owning the security. And guess what, the average board doesn't care about the mug punter, they haven't invested in the company. Other than RI's and such like, the money doesn't go to the company. It goes to the brokers (bookies).
When you buy a share, you are not buying a part of the company, you are not lending money, you are buying voting rights. Yet the average mug doesn't bother to use these voting rights.
In and out ,round and round.
For some in the know it seems to be sound.
They have the best of everything
They really don't know anything
They move the market up and down
Someone in charge is just a Clown.
... and Metro is down almost 30% today at the time of writing. JT Macs working his magic again.
JT Macs should set up a stock advice service - whatever he buys, short it.
Yes well in theory that's how it works.
But its a bit wishy washy.
Smaller shareholders do not really have any 'power'.
Its a bit like saying the people elect MPs.
Its only big shareholders who either make money or have power.
Still its nice to be absolved from the companies collapse too though I had never thought of it like that!
"The whole problem is the Bosses are immunue from the companies failure"
So are the owners (shareholders), thanks to limited liability.
Be careful for what you wish for you may get it........ ;-)
Do not forget, shareholders confirm the board, and the board select the management.
As a shareholder it's your company, and if you thought it was so badly run, why on earth buy shares?
Man in Charge is a Keep Fit Teacher who must have spent too much time meditating
and having a good time. Hedge Funds and gamblers boast about their wisdom and collect
money . Stolen money . From investors who had no idea what was going on.
It's wrong. A Private Investor's Revolution has to come.
A quick glance at E Bay confirms staff are attempting to sell off Uniforms Mementoes and other assets
with Thomas Cook corporate livery.
Many of them just listed yesterday.
In a desperate attempt to raise cash ahead of their prolonged redundancies.
This is wrong and illegal.
Every last tie clip is an asset belonging to the liquidators!
Even after all has been seized by the bailiffs one would be lucky to be left with ones underpants
and socks which they might leave one if kind from this terrible debtor company.
Even after all that theyd still owe £1.25 Billion!
They have NOTHING
They are virtual BEGGARS.
The whole problem is the Bosses are immunue from the companies failure
Thomas Cook was in the FTSE 100 not so long ago.
Yes, just watched the decision, history making stuff.
So, Boris ****s it up yet again........ I assume his advisor will be getting thrown under the bus.