Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
SKY NEWS 5mins ago........TCG spokesman says... "restructuring program will virtually wipe out shareholders"
Just read WorldGoRound’s opening comment in the “Good Riddence to Bad Rubbish” thread.
It doesn’t surprise me that he can’t spell.
I agree, however £600 million and the loss of the "worlds oldest" is not!
@WorldGoRound
I’m not gonna say that your post makes me sick, but honestly you should consult a psychiatrist.
Worldgoround,
You've just condemmned a massive percentage of the country!
Way to go, fella. That's takes some doing. And it's pathetic imo.
A friend of mine bought into TCG after this news first came about, after having made a packet from buying on the price slump a few(?) years back.
His logic was as it was then; "they'll never let this company go bump".
I advised him to sell when they rose recently, but he was adamant he didn't want to.
I think he's probably about 70% down now.
However, I agree with the previous post that TCG will probably get the £200 million and it wouldn't surprise me in the slightest.
All I know is I've got flights to Barbados booked in January and am now left wondering if it would actually be best for me, if the company went bust sooner rather than later? Not that I hope it happens at all.
Fortunately I booked wih my credit card so can probably claim the money back, but it's all the hassle it will involve.
I feel really sorry for the shareholders here, but a £1.5 billion loss? Wow.
Except Ryanair is a profitable, sustainable business in a very difficult market and whilst you (and me) may not want to use it, huge numbers do.
Doubt it
Given the figures being thrown around in the media (cost of £600 million to pay off hotels and get TC customers home, if it goes pop) along with the huge job losses and historical significance.
Is there any possibility that the government could step in here in a similar way that they did with the banks?
Most sensible companies have been hedging on currency fluctuations
It is interesting that you mock someone for having an opinion - and then invite them back to talk with the "Adults".
What complete rubbish! Brexit is not the reason , you just made yourself look SO foolish. If they dont NO ONE will take what you say seriously after that.
This was on the cards YEARS ago , look into the history and how they operate, THEN come back and join the adults in a conversation
Thomas Cook Sport have been emailing Pro 14 rugby supporters advertising packages for sale for away travel....
Good news for Easyjet and Ryanair though - they'll pick up the slack.
Sadly yes. New bookings will plummet - shareholders should ask themselves would you book with them now not knowing if they will be around when your trip is dues? Unfortunately due to the nature of the business further decline is self fulfilling
“Don't count your chickens before they are hatched”.
I don’t. Run across a motorway blindfolded and it’s true that it’s possible you might not be hit. But I’d rather consider the probability.
If the SP falls by 40% today and recovers to a fall of 20%, there will be people on here telling us how they made a healthy profit today. After the event, of course. It’s always after the event. (Apart from those who tell us they’ve bought in. The price then falls. Yet they still tell us they’ve made a profit).
No value left here...
Very bad management they have 2 offices in Merry Hill each office has at least 5 staff no customers they are looking at computers screens
Ignorant fool. That shows how little you know about TCG.
All caused by Brexit nonsense!
Self inflicted harm to UK by the ignorant folks who can't see that we were fine and in an exclusive club before they want to out!
I have been saying for the last two months or so that this company is doomed. Same as SXX. Sell before you lose everything. TCG will not survive. Sorry and good luck. I said sell at 20 and no one believed me. Better get 3 for your shares now than zero soon.
The 1,658,650 sell was stopping the price going lower....now its gone....
Resistance gone.......
Most deffently they will get the £200 millions, as Bond Holders and Fosun have no choice what so ever. If it goes under neither is likely to get any thing at all, as Banks will have first slice of the cake.
Long time poster on this, former employee. Gave up looking on here due to idiots. Situation is so inevitable, its just XL holidays all over again. Fosun need their heads testing if it is repreaved and given a stay of execution - the current publicity will kill all consumer confidence. The hole in the cash that has emerged today will be driven by a lack of sales for 2020 driven by lack of confidence already created. Banks are calling it, they know it's good money after bad...
Btw here is one of my postings from July (which I probably got hammered for by someone who knew more than me about the business apparently):
It's truly all about the trading. Think about the cash lifecycle for the year. The maximum positive cash position is Aug/Sep when all holidays are paid for. You then move into Oct-Dec where the company borrows millions as it loses money due to lack of holidaying in those months. That is the point where debtholders will decide if they give them another year by bankrolling it further into the cashflow cycle. In the position they were in in Q2, the auditors had already said they were likely to run out of headroom. It's likely that they are a long way adrift of this now due to worsening trading in Q3.
You seem to think that they will be sitting there debating "ooo we could sell this part and it'll all be fine" Or "oh no we won't do that deal it'll be bad for our shareholders". That isn't what is happening, they are way past that point. They need to sell now or the banks will call it in Aug/Sept. It happened to XL holidays and it will happen to TCG. Either way, the shareholders need a miracle now.