Member Info for golmansax

I never said anything about takeover bids

And EU law (you are still part of it) states that such deal has to equate at least the medium SP of the last 6 months.

And you are basing your argument on an article that's 10 years old??

If the company is taken private, shareholders will generally receive a cash payment for their stock at the time the shares are delisted.

So enlighten me, what happens to my shares when the company gets delisted?

So the quicker the delisting, the better for the PIs

https://www.lse.co.uk/news/TCG/thomas-cook-agrees-terms-of-900m-rescue-deal-v13izh4veng9p1x.html

"The board's intention to maintain its stock market listing, if possible, also seems a bit odd. Liquidity in the shares could be awful as neither Fosun nor the lenders may want to sell until there is a considerable uplift in the valuation of the business, so why incur the expense of listing fees?"

So lets put the scenarios straight:
a) The plan goes through - dilution of the SP
This is highly likely at the moment, but will result in PI seeking legal actions.
And most of the dilution is probably priced in already.
b) Delisting
This would mean that TCG would have to buy back the shares from PI.
Here we would get the median of the past 6 months.
c) Another offer
This would mean that the SP will rise again.

So in scenario b) and c) we would see the SP rise again.
Scenario a), albeit being most probable, will be a rough road for TCG.

"The current intention of the Board is to maintain the Company's listing. However, the implementation of the proposed recapitalisation may, in certain circumstances, result in the cancellation of the Company's listing."

That depends where you trade.
If you trade at LSE - then you might be right (although you owe me the source) - if you trade in Germany then the 6 months apply. Although these might even be EU laws?

Sorry to be a smart ass, but the article you are quoting is from 2014 and the law was implemented on 1st October 2015...

Whats your source then and where are you trading? LSE? Then quote the UK law pls

See here:
§39 (3) - clearly states 6 months
https://www.gesetze-im-internet.de/b_rsg_2007/__39.html

A delisting would not be bad for current stock holders.
At least in Germany the stock market laws say, that stock holders need to be bought out with the median SP of the past 6 months - this would be 0.20 € at the moment. Still more than 100% uplift from the current SP

And yes, I have bought today

It's really interesting, how much emotion you guys put in your posts..."faceless dreamer""living in cloud cuckoo land"Calling names does not prove competence... So if you want this forum to return to post Amers era with calling people names and abuses, then so be it. /But I would rather use it to exchange ideas and strategies/

*shouldn't invest in stocks

@sharedealer... Thats a bit exaggerated, isn't it?
Amers "misleading" info came on 16th Aug. when we had a SP of around 7 GBX, which has then risen to 9 GBX and is now back at 7GBX. So we are talking about 30% spread at max. If a 30% decrease in 11 days makes you loose your savings, then you should invest in stocks... look for more conservative methods of investments. Like keeping your money under your mattress...

No, I do not think it is a sure bet.
But neither is the Fosun deal.

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https://www.ft.com/content/959cdfc2-78b8-11e9-bbad-7c18c0ea0201

"Mr Fankhauser said an additional £300m loan facility secured in May from Thomas Cook’s bank lenders was calculated based on “the most pessimistic case” and would give the company “bridging finance” should there be a delay in the sale of the airline. The facility matures on 30 June 2020."