Btw I’m not taking a p*ss you never know maybe with the new structure in place fosun will turn the business around. I know how you feel been there and got stitched but unfortunately this is the stock market
Bigwig getting diluted it’s still better than being wiped out!! I got F all from debenhams. Besides you’ve always said you don’t mind holding your shares for a very very long time this is your chance to do so
Just live with the fact that SH are being diluted and not getting wiped out like what happened to me in debenhams. I’m not being offensive towards you but a piece of advice don’t ever believe that any BOD gives a damn about SH as you stated in ur previous posts
RE: Debt 4 Equity and why it won't work13 Jul 2019 15:29
Is the dilution already priced in the current SP or we may see another massive drop soon? Although I’m out but I was very close to open a spreadbet long position yesterday but kept on saying no to myself as the situation is very vague
Quisty - I’m very well aware of that this is not the first time that TC share price took a massive hit, I looked at the historical sp and in 2011 the sp tanked by 75% in 1 day and recovered to £1+ in a couple of years, however with the current management I don’t see it happening again just by listening to their ceo I just wonder how on earth he got his job
zccax77 - while I’m not very optimistic of what the current situation can uncover in the nearer future for the SP, I genuinely believe that if Fosun is willing to splash another 750m they must have a strategy in place but beforehand they should change the BOD as a whole as they lack prospects and change adaptation
Gareth - Today’s RNS states “While this is not the outcome any of us wanted for our shareholders, this proposal is a pragmatic and responsible solution which provides the means to secure the future of the Thomas Cook business for our customers, our suppliers and our employees."
23 May RNS states - The group is currently evaluating this offer alongside the ongoing strategic review of its Group Airline, announced in February 2019. The group has received multiple bids, including for the whole, and parts, of the airline business and the Board of Thomas Cook Group will consider these approaches with the aim of maximising value for all shareholders.
You do the maths and follow your guts mate.
I personally believe if this BOD is to run amazon they will bring it down to the ground
Gareth - i had 80K invested in debenhams at 15p and it was silly to sell at 3p but ever since I gave up on trading shares as overnight BOD are willing to sell you and simply blame market environment and other factors. I’m not in a position to say buy or sell but TCG BOD have proved the will to sell its SH in less than 24h