Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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It is not sad its job losts p60 Tell that to Thomas cook employees who works just as hard as iag staff.
TC can raise the £200 million easily. Just ask the rampers to loan them all the money they say they’ve made.
Interesting article: https://www.theguardian.com/business/2019/sep/21/thomas-cook-holiday-nightmare-big-debts-bad-luck-brink
It's not sad, they got what they deserve by screwing shareholders and staff. PF should have been sacked years ago...
He is to blame for everything.
Thomas cook fiasco will be felt far and wide. Super sad :-((((
It's sad.
2227 looks very likely but cross finger and toes maybe in the eleventh hour a deal can be done. Its not only money after all but jobs on the line...
Shares not trading on Monday IMO.
It's been difficult to post all day.
Re assets, absolutely but they won't, Fosun and the Turk positioned themselves for a reason, this was all decided weeks ago imo.
There must be a technical issue with this site.. its happening to everyone
If Govt has to repatriate all assets sold should go straight back to Govt as its our money
That's funny my last post went through is it because I didn't mention tcg or the gift / loan on it.
Why are so many posts just being deleted as we post them?
this is my 4th post so far
Well there is no guarantee of that. Stuck between a rock and hard place.
surely the government would be first to be paid once assets are sold off?
How much did you lose on DEBS?
If only the UK Government had bailed out Debenhams
lse banned my comments - presumably it found the CEO's name offensive - fank hauser
test
get the credit swap guys to buy it once its liquidated !!!!!
£600m is a lot of money for nothing in return. If they pump in the £200m, it will save £400m with the possibility of recovering the £200m in the future, but I doubt it will since TCG seems to be a money pit run by a bunch of clowns.
Gov knows repat will happen a bit later even if they bailout now, so why pay £800m when you can get out now with £600m
lesson learned = monitor these shoddy businesses more carefully
auditors fail again
good luck on that
none of the BOD will lose anything personally
Usually with a bank you can turn things around since the working capital and equity are mainly cash. Not so with a travel company. I feel very angry as a tax payer at the BoD. But the choice is the government providing £200m or they rescue passengers at a cost of £500m. I prefer the former, but I also want the equity holders and BoD to be wiped out.
we bailed out RBS and the CEO ran off with millions, legally