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I would how many people where stupid enough to buy shares this year and lost money with Thomas Cook.
It has been so so so obvious for many months that this would end in total wipe out for shareholders, that I have no sympathy for them. The staff of TC, who by all accounts were dedicated and supremely professional right to the end - including the staff on the last flight to land - have my sincere sympathy and good wishes for the future. The BoD who were incompetent, clueless and grossly overpaid should be banned from being company directors, as they are incapable of doing the job.
Anyone reading the last set of accounts properly, where the scale of the debt and the problems were all there in plain sight, was not “investing” but were just gambling. And it was gambling where the house always wins.
Hi very true, Marks and Spencer now in FTSE 250 could this go bust , maybe and maybe any FTSE company can, very sad for any business person that invest in the FTSE
Darren, have you thought about an index tracker?
Similar benefits to investing in FTSE100 only, but if companies go tits as Matlot describes and they drop out, they are replaced by healthier companies.
Paulpuert, likewise I invested in May after the RNS and Fankhauser stating they had secured 300m support, subject to airline sale, which he confirmed they had multiple bids. I can see the media exposing market manipulation on this one.
has lost the money that he/she could not afford to lose. Over the years I have seen it all , outcome is same , shareholders lose money and everyone else gets paid. Sometimes it makes me wonder if stock market is fixed to fleece pis.
to see it going under, traded it in May for a decent profit, I thought that it can be profitable but PF was being stubborn. They sold 80% holidays via internet and he was hell bent on having high street shops which were not making any money.
To be honest I lost money on Debenhams, now I only invest on the FTSE 100,I feel my money is well invested,and I can sleep at night,knowing my money is in the top 100 companies,I would never gamble on any company outside the FTSE 100.
I disagree. Back in may rns highlighting multiple offers for the airline including additional comments from the board indication their surprise at the offers, possibly in view of the fact they exceeded expectations in terms of what many deemed a distressed sale. I invested in may after these reports and sure many others did . Let's be honest the board destroyed this company along with the careers and futures of its staff. They have also impacted shareholders to the point of certain people making decisions that you couldn't imagine. Yet again a corrupt/negligent hierarchy destroying peoples lives with no consequence disgusting
Everyone reading this board should have been aware but many Private Investors
are not. Private Investors should not invest in shares . It is far too risky.
Spend it and enjoy life and living and giving.
This company was in trouble last year, anyone that bought shares in Thomas Cook this year was gambling with there money, everyone knew the risk this company was in,if people are stupid enough to risk on a troubled company then that's what happens,risk all on a troubled company or invest in FTSE 100.
Website was difficult to understand and many of my friends gave
up making a booking and turned to an easier site. Management
has to take the blame for they were well paid doing what?
Just how many gloating posts does one have to make in a single day at others misery do you have to make to win this years biggest Hunt award?....You were right others were wrong can’t you just leave it at that.
look at the zeros to the left of your post...
Have shareholders lost all of their money?
Sorry old news
I'm reading Daily mail Wolverhampton boss just done a deal £450m.
It might be wrong hope not
Seems cursed..it opened in 1987 and has had six change of ownership since it opened ...but my thoughts are with all those affected by the demise of TCG andvas to those who mis handled the sittuation and took big bucks for doing so...well I hope they can sleep tonight...hopefully what goes arround comes arround?
Thomas Cook's 178-year history ended in ignominy for its wealthy bosses today, who have been paid more than £20million in bonuses alone over the past five years - despite the business creaking under £1.7billion in debt and a £500million pension deficit since 2013.
Scum bags of this earth.
No because you got what you paid for. Unlike people who’ve booked holidays and not yet been on them.
Peter Fankhauser, the Swiss chief executive, has taken home £8.3 million since he took the helm in 2014, including a £2.9m bonus in 2015. Former chief executive Harriet Green was awarded a share bonus worth £5.6million. Chairman Frank Meysman has been paid £1.6million since 2014
Noone will be buying much from the carcass of Thomas Cook. There is a reason the 2022 bond is trading at 5 cents on the euro. There is really not much of value there to sell. What is left? A bunch of leases on unprofitable shops, or their leased planes? The few 17 year-old banger planes they own? The slots have some value, which in Gatwick EasyJet will snap up, but in other airports slots are not as in demand. German airline and Nordic tour arm has value, but that isn't relevant to UK market. Yes, EasyJet are launching their holiday arm this summer. BUT: Anyone who thinks a competitor can just start up and take 2.5m package holiday customers in a few years doesnt understand how industry works. Even Easyjet will struggle to scale that quickly, and it will require massive focus, investment and dedication they may not be willing to give. Jet2 have been preparing for this for months, and will move in quickly to pick off the hotels they want, who are desperate and out of pocket, and will ramp up capacity in bases they already have. So Manchester, Birmingham etc. I would be very surprised, and somewhat worried, if they went near Gatwick, but I trust Meeson 100% to know what he is doing. Funny to hear people trying to argue that exit of number 3 player and 10% of total UK holiday capacity from the market will be a bad thing somehow for Jet2.
poker you are so spot on there... I do feel anyone who bought sub 15p was looking for a quick few quid.... I feel for long term investors... to be fair media didn't help...…. people just avoided Thomas cook in the high street and online over the last month