Member Info for BacchusII

Probably on the toilet....MM's can't keep the price below 13p now as it becomes obvious TCG are going to survive to fight another day. Many shorters will have to sell or lose their investment.

The trouble for shorters is that it will give the company TIME and who knows whether GOOD or BAD stuff happens over another 12 months which party is gambling more over the extended period?

You got to wonder why they spout the virtue of increased online sales and keep so many shops open at a high cost.
Agree a buyer of TCG is going to close half of all shops.

Plus, why has it taken so long to realise they need to cut overheads (heads) until they have absolutely no choice or they will for sure go bust.

Still gotta hop the airline sale is reasonable and Fosun then mop up the rest.

The question is: What is a realistic takeover offer?
30 to 40 pence is propb able the range IMO.

...will be picking up more shares and eventually make a bid...they will not want it go into administration and hpoe to buy bits!

More likely will be a bid with the share price distressed.

...and its also ridiculous to suggest TCG going bust. It is a going concern at this point and only IF (operative word) they don't reduce costs and a recovery appears in the next 18 months would they fall to a penny. There is still a long way to go in this story.

https://uk.finance.yahoo.com/news/thomas-cook-needs-book-solution-040004926.html

Basically,
1. Get the 400M credit facility, sell the airline and Fosun likely to bid.
2. Get the 400M credit facility, sell the airline, reduce debt and have a better summer sales period.

Company have reduced exposure in any case to migate another bad summer season. Looks a reasonable bet.

The BOD have a duty to inform the market without delay of any new developments which are not public knowledge concerning a change in, its:
financial condition;
its sphere of activity;
the performance of its business;
or its expectation of its performance;
which, if made public, would be likely to lead to a substantial movement in its shareprice. Negative or positive.

I'm invested here at low ball price of 23p and it is a gamble either way because the facts are not clear until TCG release it's results, sale of airline is known and whether any other company is willing to bid. Fosun may bid after sale of airline is in play as they wouldn't be allowed to own that part of TCG. Concerning is the fact some debts have changed hands at considerably lower than value, do they know more than we do? Probably not. They have been burned by other company failures and are taking a more prudent view. The extra 400MM does not add debt, it's a loan facility but may be necessary to keep TCG as a going concern whilst the airline sale goes through.
Personally, I think a bid is inevitable this time round and Fosun has increased holding. There is still value in the business so not going down the pan like so many other companies and others would have you believe (scare and folks sell). Board is doing things to reduce exposure to change in how folks make holiday bookings (should have been offloading premises much sooner as it was obvious!) and this company has been here before and gone from 13p to over 150p so don't lose faith. Tuck the shares away and don't look at the daily movements, it's not the way to invest.

Can't see your logic for a total wipeout.
Predators circling around for parts or whole of the business especially airline.
Possibly sales still not picking up and further losses but a business with deep pockets is still going to have to pay a price more than nothing!

The BOD have a duty to inform the market without delay of any new developments which are not public knowledge concerning a change in, its financial condition; its sphere of activity; the performance of its business; or its expectation of its performance, which, if made public, would be likely to lead to a substantial movement in its shareprice.

Negative or positive. So, “improved significantly” is extremely positive statement and if sustained will continue to support the shareprice and potentially increase it quite considerably from here. Bear in mind there was a perception the company was not going to be able to turn itself around, hence, a low shareprice of 13-20p. This has now changed!

DYOH but the results 25th June has potential to rally these shares much further.

Very "low" volume so far today :o)

There are 279.24 million shares issued. 2.8 million shares would be 1% and unless bought by a shareholder that takes them over 3 percent does not need to notify (unless making a bid).

A lot of shares to fill. Does someone know something and is this why been stuck in a tight range recently?

I know which I prefer!
:o)

I'll be glad when the sellers at 210p price are finished! A bit too much déjà vu!

IF China and US do a trade deal everything will go up including GENL. Make your choice and pay the price.

Maybe a good time to buy some Petrofac shares then. I used to hold until sold at 600p. Switched to GENL made and lost here. Hoping for the GAS as well but potential of GENL going bust is well behind it. Was surprised at the drop to 175p and was a steal at those prices!

GLA

Nearly back to the days start .... if only we had crystal balls.