Member Info for CloudyMountain

“Thomas Cook confirmed that the restructuring would lead to a “significant amount” of the group’s external bank debt of £650 million and €1.15 billion of bonds being converted into equity.

“As a result, existing shareholders were expected to be “significantly diluted”, although it said that they “may be given the opportunity to participate in the recapitalisation”. In practice, ordinary shareholders are expected to be all but wiped out”.

That sounds likes fun - being “given the opportunity to participate in the recapitalisation”! It sounds like, after seeing your money disappear down the TC plug hole, being asked if you’d like to pour some more money into the sink.

Re “You are not even invested though!!” Nor am I.

I’ve dealt with that comment before. You learn from following a share in which you’re not invested (either because you never invested or you sold your shares). It’s a blinkered view to say that people who aren’t invested can’t watch a share or comment on it.

Re “I would not be surprised to see this at 34p very soon ..maybe a bid”.

My daughter has just asked me why I’m laughing.

You say “strong buy” but your post says it might go up and it might go down!

The one-month SP chart reminds me of a classic bubble SP chart, like the first diagram here: https://medium.com/@badrbellaj/the-blockchain-mania-and-the-dot-com-bubble-adc4885dd66b

No one “know(s) this is gonna go up soon” - the stock market is inherently unpredictable. Someone might THINK it is going to go up and invest, say, £100k. Or someone might close a short. BUT anyone who thinks they know what the market is going to do either has inside information or is wet behind the ears. The market has a a way of teaching the latter a lesson, cruelly.

Man who invest in company which pays four times as much in interest than it receives from operations learn hard way.

Paul

“But D/E is not the solution...”

I accept that you don’t think D4E is the solution and why. The problem is you’re not in the driving seat. If it gets approved, it is the solution.

When people say they’ve invested in a share but not how much, if it later increases, many will tell you they invested a massive sum. If it decreases, they’ll tell you it was a piffle, lose change down the back of the sofa.

When buying TCG shares, too many people have played fast & lose.

... in other words, you can learn a lot by following a share, reading the RNS and reading the discussions even though you hold no shares in the company.

“I don't understand why are you on this board anyway if you believe this share is absolute waste of resources“.

Because if you’d been on Carillion’s discussion board on here when its share price was plummeting, you’d’ve probably realised that TCG is equally doomed and you’d never have invested in it.

That should have been “A rose costs more than one share”.

A ?? costs more than one share!

The stock market is inherently unpredictable. I wouldn’t predict 7p.

Sells still exceed buys. You could get a rose today and a fall tomorrow (or sometime later), for example.

It seems that you’re currently up by about £108 (excluding trading fees). Well done.

(I’m not doing what you’ve done)

@Harrycash

“Problem is no one thought Shareholders would get wiped out. On this basis I have my.doubts the deal/offer will get 'signed off'”.

If approval seems likely to be blocked, the risk is that the deal may be changed so bondholders are included in the deal (obtaining some of the new shares). If that happens, approval could be obtained despite the objections of shareholders.

“Never in the history of investing have the RIs been proved right and the big boys proved wrong”.

Actually it happens a lot. That’s where PIs make their money. It often happens on contrarian plays - which is what TCG investors have tried to do. But you have to be able to sort the wheat from the chaff - too many people buy simply because a SP has fallen. It’s the lure of a fast buck.

I was interested. I did my research and the moment I saw the amount of debt it
has, that its profit doesn’t cover its interest, and that its liabilities exceeds its assets, I concluded the SP would plummet and that D4E or administration was likely - the only question was when.

Re “The buys just seem odd”. There’s loads of PIs who’ll read the press/hear the news and buy simply because it’s fallen a lot. They won’t do any research.

“Changing my tube” or “changing my lube”?

I thought that was a saying I hadn’t heard of until I realised it was a typo.