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That explains it thanks
On thomson reuters eikon it does only show position change for the top 10 investors for instance invesco is showing to have dumped 150.65m shares but no date shown
These figures are extracted from my thomson reuters eikon so they are legit
Illbe this one is for you mate
Jupiter asset management recently bought 5.04%
Schroder investment management & the vanguard group both increased their stakes to 2.29% and 1.97% respectively.
Could you share your views on what’s the rationale behind their decision?
I was being sarcastic, someone bought £2.81 worth of shares lol
Hk85 please explain ??
09-Sep-19 16:29:34 5.512 51 Buy* 2.81
Some big money is to be made!!!
Boosh..use his loss for tax relief purposes, when it happens, if it happens!?
Brilliant thanks.
Wonder what his agenda is ... hmm.
Well said, it always seems to be the same few having a go and making sarcastic comments, they also know who they are , you can tell by the defensive replies that fly back and forth...........
Forgive me, but I am new to this forum and been out of touch with the chats for couple weeks, but anyone know what is going on with Neset Kockar and his shares he bought in TCG? Is he lying dormant for something or has he off loaded? Not seen or heard anything, apart from him acquiring an old Saga Cruise Ship for an undisclosed fee?
@JGC
Don’t fall for that line that they always use in their RNS
Thomas Cook Group plc. is one of the world's leading leisure travel groups, with sales of £9.6 billion in the year ended 30 September 2018. It is supported by 21,000 employees and has 200 own-brand hotels. It operates from 16 source markets and serves over 22 million customers annually. Thomas Cook Group plc's shares are listed on the London Stock Exchange (TCG).
What they are failing to mention is that they are making huge loses YOY.
IMO if the deal is secured, senior management has to go as they lack innovation and prospect they brought the company to the ground and all what they could come up with is excuse after excuse “Brexit, heatwave, aliens... and the list goes on”.
The question most investors must ask, did the bod try and secure alternative source of funds or even why they didn’t propose a rights issue when the SP was trading at 130p to bring the debt down
Sad to say a lot of nonsense on this share chat & no need for the constant personal insults - although obliviously in trouble, this is a multi Billion revenue business, that is a great advantage - yes need to resolve cost base & agree closing shops on the highstreet, but someone/company could pick this up cheap and reap the rewards. gla
Bye bye :)
We will catch up once news are there... same like when you were saying friday that pension has nothing to do in the process where it seems now can block the process..
This is bla bla figures ...to support the direction of the deal and the motivation ...
TCG in a whole is in bad situation .. is this means stoping business don’t think so... all this communication is part of the game... watch out news soon...:)
Until then ... take care
This is what they want to tell you to accept everything... i’m not saying there’s an issue but it’s not maybe what do you think... why Q3 figures not published? Think a bit out of the box...
The pension fund is run by Mercer, nothing to do with TCX except they put money from your salary into the Mercer Pot. Mercer run it, not TCX.
What did you expect? Pension fund stay watching and do not get confirmation that new owner will continue injecting the same amount wit the same conditions for employees!!!
They are making their job and it’s only the beginning ..BOD want to close the deal ASAP but not sure they will be able to do.
Some news may be this week :)... panic this morning .. people selling... this all what they want :).
Heading: “Thomas Cook investors face being wiped out in rescue” by Dominic Walsh. Monday 9 September 2019.
Shareholders of Thomas Cook are likely to be told within days that they will be left with nothing from the impending £900 million rescue deal with China’s Fosun and its lenders.
Although the travel company’s board is pushing for its ordinary shareholders to be given an equity “stub” or “tip” to help smooth the deal, one well-placed City source said the odds of that happening were “almost zero”.
Thomas Cook, which was founded in 1841, is one of the world’s largest holiday businesses, with about 21,000 employees operating in 16 countries and carrying more than 22 million customers every year. Its mounting debt burden has left it susceptible to the vagaries of the weather and political and economic turmoil.
Wiping out its equity would spell the end of its stock market listing, although if shareholders were given a token equity stake it would be in a standalone airline business, with Fosun — its biggest shareholder with 18.1 per cent — effectively taking the tour operating and hotel business private.
European Union airline ownership rules prevent a Chinese business from acquiring control of an airline. As a result, the business is being split in two, with Fosun emerging with 75 per cent of the tour operating and hotel unit and 25 per cent of the airline, with its lenders holding the balances.
Reports over the weekend suggested Thomas Cook’s pension fund trustees were demanding a stake in the restructured company and funding guarantees as the price for agreeing to the recapitalisation.
Matlot - I work for major US company and have been there for some considerable time and I can not fault them at all. One of the biggest assists any company has, is their Staff, who worked hard to make money. Come Corbon we need this kind of ****e put to bed once. Every time companies make profit, share holders (Big Hedge Funds) get the big slice of the cake and last thing BOD think is staff pension. BOD are well aware should the company goes under, they'll still walk away with big packet. It would be nice to see what this BOD walk away with for their failure.
why is any one think the pension fund is being unreasonable, all they are trying to do is to look after their members. Some of them may have worked 25 to 30 years and now coming to end of their working life and being told, the pension is going to be lot less then, it was promised, is totally unfair. All these companies who have and in the past made money, should fecking well cough up. It's not poor pension member fault, that BOD have totally feckedup, the way they ran the company. Get real, if it was one of we will be well and rightly ****ed off.
Apologies. I have been away for the weekend so I haven’t been keeping up to date. I now see that there’s a thread on the Sky article.
Heading: “Thomas Cook flies into pensions row over Chinese rescue deal”. Liam Kelly. Sunday 8 September 2019.
Thomas Cook is at odds with the trustees of its pension scheme — a row that could derail a £900m rescue deal.
The airline and tour operator’s pension trustees have demanded better terms, including a stake in the restructured business, in exchange for backing the deal, Sky News reported.
The trustees also want guarantees about funding, and for its new Chinese owners to continue the £25m annual payment into the pension scheme.
Thomas Cook, led by chief executive Peter Fankhauser, is fighting for survival. Sluggish bookings due to Brexit and its £1.2bn net debt pile have spooked investors.
The 178-year-old travel giant proposed a rescue plan last month that would see its largest shareholder, Fosun, inject £450m in exchange for 75% of its tour operating arm and 25% of its airline. The Chinese investor is barred from controlling the carrier under EU rules.
Thomas Cook’s lenders and bondholders would control the rest, wiping out other shareholders. A board meeting will be held on Wednesday to determine how the deal would be structured, which could result in the cancellation of its stock market listing. The shares are down 84% this year and closed at 5.4p, giving the firm a value last week of just £83.6m. In May, it issued a profit warning and revealed a £1.5bn half-year loss after a £1.1bn write-off relating to its 2007 merger with My Travel.
Thomas Cook employs 21,000 people. More than 11m passengers booked to travel with it this summer.
As well as the support of the trustees, the company needs to convince the Civil Aviation Authority to renew its operator’s licence — which expires at the end of this month — for another year.
Thomas Cook declined to comment.
(End of article).
If I’m gonna ask BoJo then admin it is lol
He won't be around for long!!!
A Russian roulette gamble with your money ?. Stocks trade on supply / demand liquidity & Exchange Market Makers assist . Off book OTC trades can be very difficult to execute in volume. Also if all of the debt is absorbed into the ‘common stock’ value, my worst case scenario calculation is about half a penny a share. For all those with their heads in a bucket, lets hope I’m, wrong.
If I’m gonna ask BoJo then admin it is lol