The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
In May, Thomas Cook reported a £1.5bn loss for the first half of its financial year, with £1.1bn of the loss caused by the decision to write down the value of My Travel
what do you think?
Some doesn’t mean me
@alomo: can you please stop to insulte people and calling them idiots.
As of now somes are still sitting on a profit if the buy at 4 so may be they are not that idiots :)...
As i said before fireworks start :). Will not be the last one.
BOD will be in the obligation to look after others scenario to secure TCG if they don’t want admin.
You can’t bring one scenario on the table and tell people you gonna loose your money .. that’s it.. nobody will accept.
We will see the BOD of Mickey’s will say tomorrow :)
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...
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 :).
Thx Saj.
2 points:
- are you 100% sure about the 26 weeks average?
- when i take the 26 weeks average i have more then 11..we may align our unserstanding.
Thanks
As i previously mentioned .. delisting is almost inevitable in case of such deal.
I may be wrong DYOR
Sources said this weekend that a crucial board meeting next Wednesday was likely to decide on the optimal route to completing the deal in the next four weeks.
They added that this could mean cancelling Thomas Cook's public listing.
https://www.mkfm.com/news/business/thomas-cook-in-battle-with-pension-scheme-over-and163900m-rescueand160/
Delisting is coming likely
without entering the technical details on the pension plan...have a read on the different schema ... this may be one of the agreement point with Fosun to secure the actual plan ....
who talk about Turkey ... take a chair and relax and watch the money game in the few next weeks until end of October
75% to agree on the delisting. the SP still need to be buy back.
who on earth will vote a delisting to get 0 :)...think out of the box mate
fireworks weeks between 17th and 20th of Sept :)....
once again ... in case of dilution many parameters are taken into account ... it's not straight forward ....
one example: an employe of TCG that he put all his pension plan in TCG will see his plan wiped out? it's a complex process and very complicated that will take months to set up a full agreement...
guys you should differentiate dilution from delisting ... this 2 difference things.
in case of delisting a buy back of the share is mandatory and this is based on the market price ...3 months 6 months average whatever the rule of each stock place.
dilution it's another story... delisting is not mandatory in this case but it's like a share swapping ...for this nobody will know what will be the agreement ....
thanks for this.
however, it should be some compensation they can not make delisting without a compensation of the share on float?
do you agree?
something similar probably with different terms should apply in UK. it should not be the last price of course because this will constitute an abuse to shareholders ... it should be some average based on a given period ....
we still need to find the right answer in case of LSE ... someone around got the answer?
so the rule is the VWAP of the last 3 months? correct?