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May even offer existing shareholders a chance to invest*
The CFO also states the sp would be single digit - we already are in single digits. 0/1p is obviously worst case, who’s to say that forsun may even five curent holders an opportunity to invest into the new business model whatever that may be - perhaps the luxury hotel business that is very popular with Chinese tourists. Again, it’s a longer term investment (assuming the company avoids administration) which I think they will, it could well recover given a change in business model and leadership.
Patience is key.
In my opinion, to turn this around is possible - with the right leadership. But it will take time. This was never going to be a quick turnaround. I estimate a timeframe of 1-3 years.
Despite all the negativity. Maybe long term this will be fine in the end. If the dilution is not as bad as feared perhaps this may actually rise.
Barclays state PT 17p and Jeffries state 13p
But looked cheap to me. IMHO
At 4.9
I did say recently I thought it could fall to 8p (was my guess). Wasn’t far off - I was told By someone it would hold between 11.5 and 12 if I recall. I also did say that on the rise it was a Good time to sell if you had a made a good profit.
Short term this looks like a sell unfortunately. Maybe around 8p buyers will come back in.
No bottom in sight
At this rate
Good run. Personally very pleased to see this company come back - I don’t want it to fail.
“Haven’t we been here before?
Yes. On 22 November 2011, Thomas Cook’s share price collapsed even more spectacularly, losing around three-quarters of the company’s value on some bad financial news. The firm sold off some family silver, cut costs and improved operations. I expect the same will happen now“
https://www.independent.co.uk/travel/news-and-advice/thomas-cook-holiday-company-airline-insurance-collapse-failure-protection-a8920471.html
“When those are fearful be greedy”.
I have just bought. Thee shares I don’t believe are written zero - that Citi analyst has it all wrong in my personal view.
RNS:
Revenue: GBP 3.02bn
1H adjusted EBIT loss GBP 245m
1H adjusted gross margin 19.8%
Very happy to see a strong bidder come in. As I said last week I felt it was very undervalued and long term my personal view is it is a great investment. DYOR beforehand but this is my own view. Up 12% today. Great news!
My personal view and belief if TCG will likely get some strong interest from bidders for its airline business. It’s good a strong brand, fleet and locations (pan-European business) that is desired by competitors. Tuesday will tell us more. As predicted yesterday it’s up today. Was way oversold and a company like this should be flying a lot higher than current price.
Thomas cook will gather plenty of bidding interest. Tomorrow it will be up. By the 7th you will see the strong interest it gets. Overdone on the selling. I’ve loaded up.