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The proposed recapitalisation remains subject to certain matters, including credit approvals, investment approvals, agreement on Group performance conditions, due diligence, agreement as to risk allocation amongst Fosun and Group creditors with respect to the bridge financing during transaction implementation, agreement between Fosun and the Group's core lending banks and noteholders on the separation of the Group into Airline and Tour Operator and timely execution of the separation, reaching agreement with a range of the Company's stakeholders (including fuel and foreign exchange hedging counterparties, the pension fund trustees, noteholders, other financial creditors and approval of Fosun's shareholders), licence renewals and receipt of regulatory and anti-trust clearances and approvals.
The current intention of the Board is to maintain the Company's listing. However, the implementation of the proposed recapitalisation may, in certain circumstances, result in the cancellation of the Company's listing.
Let's do a summary :
- TCG running with a big debt not anymore possible to continue like that --> Fact
- This debt was known and the SP was trading around 30-40p
- 2 Profits waring --> Market sanction : going down around 18
- Tentative to sell airline ( around 1B valuation) --> No success
- Rummers about recap and discussion with Fosun --> market sanction going down to 4.3
- Turk and Russian get in and buy --> Market reaction up to 13p
- additional 150 M requested by TCG BOD --> market sanction going down to 8p
- RNS and the progress of capitalisation and some agreement details --> 4.xx p
- SP fluctuating between de 4 and 6 since then --> interesting
all this is fact, let's raise some questions :
- Turks and Russian invest X millions knowing a possible dilution and recap (Fact), this guys are not investing without professional advise..right? support from banks or funds analyst ...correct? why taking this risk? to have some spotlight? trade the sp? different vision from Fosun and BOD on the rescue path? confidence in TCG potential......no fact all speculations .
- Delisting option : why BOD say in the RNS they want to keep it but may not be the case, if Fosun take TO private what's the point of delisting or not if private? Keep airline only ...don't think it's possible?
- why turks is not selling in this conditions ? still make a profit ? why to risk dilution and let's Fosun get full control on TO? even you have billions you care about loosing X millions ...isn't.?
- why City analyst is giving a value between 13 and 18 to the SP? are they stupid knowing the detail of the RNS? did they don't believe that's not a solid plan? or may be another plan is possible or maybe an offer to existing SH is inevitable ?
- why a 9B revenue business worth 0P with 1.2b net debt? cashflow ...don't think so?
there's facts and there's open points .... still the open points are not closed nobody can do anything.... watch the news before the Sep 17th...
cheers
nb: Some food for you :)
Mate I brought try make money like everyone retire in spain Xmas don't need money if thought it go back up over years be quite happy just leave
So u saying get out now for dilution then maybe buy back in dirt cheap
So worst case 0 maybe best 4p then so get out now what u got and buy back in after dilution then makes sense what everyone reckon
Honest answers please when is dilution taking place and what is the likely outcome will it drop loads below 4 p
I was only kidding, don't really care what happens here now. May make a bit or lose some
Amers that comes across as the cries of a desperate man...if TCG are in that shape hanging on is not a good idea, running for the hills is!
Long-term PIs will be shafted. Have seen it so many times. This will be no different. If Brexit saga continues as is, expect next Summer to be every bit as challenging as this summer.
The MUPPETS have lost nothing - simply because they are skint and not invested,
The numbties lost all they had on other shares.
Please remember to book your next holiday with TCG, we need all the business we can get. Come on my 6.35P...
As predicted yesterday short increase, TT International have increased by 0.24% today to 3.94%, shorts now at 10.57%
When the pound climbs TCG will climb as more people will travel to foreign countries
If the pound make a significant rebound then TCG will be look v healthy by the next financials
Did you spot that AMERS is an anagram of “ ramper” but missing the P. That’s cos I took the P sometime ago.!
Could TCG double your money?
Yes.
Invest in another share. Quadruple your money. Sell and buy TCG instead. You’ll soon have double your original money.
6p
I dont think a recovery is coming anytime soon guys.
Im in it till the end anyway.
Hi, was that end of December.??
“It's all sentiment - the muppets are soooo sentimental LoL.”
The non-“muppets” have lost a small fortune on this share. The “muppets” haven’t.
Projection!
@Amers
Given MTRO is sensitive to government stabilty - along with MTRO flat lined - then it suggests this SP rise is not linked to the same.
Sentiment has changed and improved - question i - why.
Or simply shorts heading to the fire exit.
It's all sentiment - the muppets are soooo sentimental LoL.
Very strong Fundamentals - looks like will smash 6P
Then slow rise above
6.35 by EOD
Should have rise over while now
L2 - 6P looks strong