The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen 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.
tech analysis is showing that 6p will be broken soon
any visibility on L2 please? I saw nice buys today ...
12 hours. Small phone keyboard.
“Only 13 hours trading to sub 4P (sic)”? No one can predict the future. I don’t know who said what about this 4p matter but so what? It was surely a prediction.
but you see that on the 28. Aug. the RCF was nearly completely used.
But maybe I dont understand it :)
how does this fit:
NET DEBT............!!!
Yes right, so the cash/bank will be in favor for the new money providers ?
how does this fit:
"Barrister Tom Smith QC, who led Thomas Cook’s legal team, told Mr Justice Norris that the Thomas Cook group had a “net debt position” of around £1.25 billion. "
" D4E approx. 1,67 billion
so approx. 400 mio. cash in the balance sheet ????
but the bondholders can participate in the "sweet" new money. Thats the surprising need of 150 mio extra new money...
illbetabuck
The loan from Fosun is interesting but I think (IMHO) that it is due to structure for several parts -
a) Fosun won't need to consolidate the Company on their balance sheet
b) probably higher consideration, don't fall foul of non EU holder for the airline segment.
c) if the debt is just been subordinated in the first circumstances, they won't want to rank behind all of that debt.
at least 78 % to new money and at least 15% to D4E leaves …..
Yawn, Boring
Buck and his muppet crew have all the answers.
4P coming - but they are unsure when.......
Waiting for an Muppet update - more accurate then the City analysts
Nice find jj
Interesting
Get out now while you can I said the same at 9p. My advice only and dyor, but I have been in this situation a number of years ago.
It never ever ends well
illbetavuck,
I have read the whole document. I posted it so others can read. I think if we (who generally agree the direction in this share) post snippets, people will accuse us of selective quotes. That is why I haven't quoted much from it.
This is the reason I come to this site - to get information. I asked on Tuesday if anyone had seen the documents (at that stage I hadn't), but no one replied even asking what type of documents. That frightens me that people would continue to trade without finding all information,
But interesting if you take the stages of the document, the shares will not be diluted straight away - (they need to ensure that they can maintain 50% +1 European shareholding to maintain their aircraft license.
https://uk.finance.yahoo.com/news/could-thomas-cook-share-price-090414152.html
Could the Thomas Cook share price double your money?
Fool.co.uk
Rupert Hargreaves
Fool.co.uk4 September 2019
Double or nothing
So, at this point, it’s difficult to tell what the future holds for the Thomas Cook share price. That being said, some City analysts believe that the stock could be worth as much as 18p based on what we know right now.
Of the 10 analysts covering the company, three have a “buy” rating on the stock. Six recommend investors “hold” the security and just one is a seller. The median price target of these analysts is 13p, more than 100% above current levels. As mentioned above, the highest target is 18p and the lowest is zero.
These figures seem to suggest that the Thomas Cook share price could double your money. However, I wouldn’t rush to follow these forecasts from the City. These analysts don’t know much more than the rest of the market right now. For example, they can’t say with any certainty whether or not the recapitalisation plan will wipe out shareholders.
Found the documents - on the website
https://www.thomascookgroup.com/investors/insight_external_assest/ThomasCook-ExplanatoryStatement-August2019.pdf
Extracts -
In 2019, like-for-like revenue for the year to July 2019 (as at 23 August 2019) was £183m behind the prior year, with continued growth in Turkey of £122m (+18%) and North Africa £71m (+21%), offset by deteriorating performance in other markets including Spain -£188m (-9%). Underlying EBIT (to July 2019, as at 23 August 2019) is £206m behind last year due to margin pressures in the Group Tour Operator and the full-year effect of volume-related increases in Group Airline overheads.
8.11 Over the same period, the Group’s liquidity position has continued to worsen resulting in a deterioration of approximately £530,000,000 in the Group’s liquidity as at 31 July 2019 (as reviewed on 23 August 2019) compared to the position at 31 July 2018. As a result of lower profitability and a negative working capital position, the Group’s net debt position as at 31 July 2019 was approximately £1.43 billion, a like- for-like increase of £815 million from 31 July 2018.
Rest is too big to post - but instead of sniping at each other, I would suggest reading the documents would help
Not worth of a response really as I am not biting
Just leave PT alone - BuckDeFick brainwashed him when he joined - only took 1 post.
Buck has a tight grip on his muppet strings.
As for his childish attempts at jokes - just how dumb can you go.
Hi puss,
Your comments are brilliant. I am humbled by what you have taken the time to write. I promise in future to be constructive in my comments as far as I can and not to make fun of people’s poor spelling, grammar etc. If I am offended by other people’s posts, I will endeavour to throw flowers not knives. Thank you. On my best behaviour. Promise!
I never get offended PT life is to much fun :-)
My remark about you was because of you continued attempts at trying to put down people on here. You don’t seem interested in debating about the share, about giving info or explaining why you think someone’s opinion is wrong.
All I ever see you do is try to poke fun at peoples grammar , spelling , or poke fun at how people write or play with the words they use
You can do that to me as often as you want as I’ve had it all my life and it don’t bother me in the slightest in-fact I often lol at my own stupid mistakes when I read back what I’ve wrote.
But I am a person that was brought up on values, values that you are polite to people, try and respect people, respect there views even if I disagree with them and treat people as I would expect to be treated . But also not to accept people being rude to people or taking the p##s out of others for no reason, being racist, or being downright disrespectful to people. I will always stand up against them people
Banter is fine here, and in the pub but for me there is no need for continued abuse , insults and childish behaviour or attempts at trying to be funny at someone else’s expense on a place that people have invested serious money.
I am a old fashioned guy like that and will always stand up to people who think it’s funny to insult people constantly
Like I said before. Your a smart guy I think so show that and be mature, yes have a little banter here and there but stop with the childish jokes and insults. Show us your intelligence by debating as a adult would , discuss why you think I am wrong to still be in TCG, yours views on TCG and I for one while maybe still disagreeing with you will respect you a whole lot more ( not that you would probably want my respect lol )
PS. I love the Irish. Even bigger apologies.
Hi Puss, you don’t seem to be purring. I apologise if I have offended you but if you go back through the posts today, you made derogatory remarks against me first in connection with HK’s post. I only responded as you might expect. Sorry.
“PS you obviously take offence easily. Sourpuss.??”
Lol really ? Sourpuss lol really ? is that the best you can come up with ?
Come on mate there are loads of better insults you can throw my way. Look at all my faults, there is plenty to pick from from the list below.
I am Irish
Dyslexic
A Uneducated chimp
A joke
My spelling is awful
My grammar is shocking
And sourpuss is the best put down you can give me lol I am disappointed in you, I thought you could offer more of a put down than that