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When you check out the major Shareholders you get a chart like this:
Fosun 277,475,038 shares (18.06%)
Neset Kockar 123,089,634 (8.02%)
Jupiter Asset Mimt 77,452,059 (5.04%)
Invesco 60,564,313 (3.94%)
Standard Life Ltd 59,925,122 (3.90%)
Lilia Rodionova 53,199,030 (3.46%)?
With 1,536,000,000 shares issued
A significant dilution of the share price, as proposed by Fosun would mean, that both NK and LR - who invested millions - could be caught on the wrong foot. When Kockar bought at the end of July, the shares were priced at 5.5 GBX (so lets assume his invest was around 6.7m GBP).
When Rodionova bought, the SP was at around 12.3 GBX (so lets assume her invest was around 6.5m GBP).
Even BOD members bought shares with SPs between 28 GBX and 46 GBX at the end of last year.
And they are still holding on to them.
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What I’m trying to illustrate is, that there is a lot of fear in the SP right now.
People assume that the SP will be diluted and worthless…
However I cannot really see that IMHO.
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I do not think, that we will see Fosun going ahead with their proposed plans of recapitalization of TCG. Rather than that I can see TCG securing financial back up for the following winter period, selling off the airline (that Fosun cannot hold anyways) and going on a rough journey of restructuring.
They have already started restructuring, such as with their digital marketing team Airlines.
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?This would mean that we will see share pries around 20 GBX in the next few weeks and could mean that we would move closer towards the 30 GBX by the end of the year.
Isn't this what we were all waiting for?!?!?
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BTW: The meeting in Greece was also discussed on a German forum today.
Check Finanzen(dot)net/forum/Thomas_Cook_A0MR3W_Rebound_nach_Kurssturz-t454064#pst_12168947
Someone is selling big time right now
The TCG stock has become unborrowable on broker IG.
Meaning that you are not able to short it any more.
https://www.ig.com/uk/shares/markets-shares/thomas-cook-group-TCG-UK
We have already quite a huge amount of shorted stock (9.6% as per short tracker.co.uk)
Any news with positive implications could lead to a short squeeze.
Ok, that hurt ;-)
And I would most likely be his sister and not brother.
But no, I am in no way related to Amer
For every rumor there is a source.
They won't - as this would be a huge loss, given the current stock price
I don't think that its a secret, that TCG is talking to other investors.
In fact there was a meeting in Greece on Friday between FOSUN, TCG and ANEX
Thats not correct.
ANEX has recently acquired roughly 9% and are up for more...
Fosun wanted to dilute the shares drastically. Hence this is a great move for anyone in here for long.
...is great news.
So we might have the dilution of the table and another deal move in?
Will Neset Koçkar make a bolder move now?
This could be his chance to keep TCG as a whole.
And what was the 19p opening today then?
Also a time rather than a price? :-D
what does that mean?
So what will happen at 11.45? Thats 40 mins to go.
Are we looking at an upcoming press release? Or something eternal?
Please enlighten us, Amers.
You made quite the fame there with your posts. They're being discussed across Europe.
So is this a scam or are we on to something?