Member Info for HK85

@members

I’m out already went it at 24 and got out at 17 it’s a blessing compared to what the current SP is trading at atm

@member

What percentage do you reckon Fosun will hold in the tour operator of this deal is to see the light

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

Quisty - are shareholder going to be diluted or wiped out it’s a bit confusing as some papers are reporting SH will be wiped out!!

It’s a good thing i sold at 17 but my entry price was 24 at first i was upset with the hit i took now when i look at what’s happening it was a good call

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 - 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

Gareth - dilution will happen and Fosun will be by far TCG biggest shareholder.

It’s gonna be large investors biggest nightmare today as for PI I highly doubt a dilution of their 0.0000001% will be a major factor!! That said it doesn’t mean I can see an SP recovery

The SP is in free-fall and I don’t think it will find a support anytime soon

Ifionlynew - you seem to have some real issues with pearl, take it easy dude.

Peals I’m afraid the legal action is against the cva procedure and not the suspension of the shares, sorry to say it but I don’t see any value in equity for us as SH. Just accept it we made a bad investment decision mate

For those who are stating that citi’s analysis is purely based on facts and fundamentals:

The last thing Thomas Cook needed after Wednesday’s profit warning was a broker’s note telling investors that the tour operator’s shares were worthless.

But that’s what analysts at Citi did, setting their price target at zero in a rare move that caused the stock to nosedive another 40 per cent on Friday.

It predicts a debt-for-equity swap or a painful rights issue to relieve pressure.

But Citi’s number-crunchers also speculated that it could offload its airline business for a decent price, which they say could pave the way for a full takeover by China’s Fosun, which has an 18 per cent stake and has long been touted as a buyer of the business.

Fosun floated its tourism business, which includes Club Med, on Hong Kong’s stock market six months ago. Its advisers? None other than Citi, along with CLSA and JP Morgan.

The links continue. One of Fosun’s directors is Zhang Shengman, who until 2016 chaired Citi’s Asia Pacific arm. Citi says its research business is completely separate – Chinese walls, you might say. But if Fosun does want to launch a takeover, its advisers have just helped lower the price by £120 million.

https://www.thisismoney.co.uk/money/markets/article-7046573/amp/STOCKWATCH-Thomas-Cook-takeover-talk-Pokemon-boosts-London-firms.html

I have a small position at 24.5p, citi’s note is purely based on speculation as they’ve used could and would but nothing affirmative. Unless the BOD makes an announcement this week to contain the situation and restore investors confidence I’m afraid the SP will drop significantly. After all the market acts upon buy the rumour sell the fact

The debt remains the same and will climb if the 300M comes through in October. He’s adding the 1.1bln impairment and the 400M loss to the debt!!

Mrmaggo TCG is a going concern i have no doubt about that but the timing of citi’s speculative analysis raises eyebrows, they way I see it they are trying to squeeze TCG in the corner in the light of a potential bid for their airlines.

Another big name in the market trying to manipulate the SP

https://www.reuters.com/article/us-eu-antitrust-banks/eu-fines-barclays-citi-jp-morgan-mufg-and-rbs-12-billion-for-fx-rigging-idUSKCN1SM0XS

The only way to recuperate some of our losses is if the company finds a bidder who is willing to pay more than its outstanding debt which is highly doubtful IMO

Chaps we all too a beating on deb today it’s just the way share dealing is, you make some or lose some it’s just the way life is

Daniel are you still being considered the bad guy on here even though DEB went into admin!!

Pearls I’m sorry to hear about your massive loss, I’ve lost £83K on deb too. I know it’s not as easy as it may sound but my advice to you mate is to put it behind your back and move on. I wish you all the best and hope you can recover some of your losses elsewhere

According to the RNS released by deb on the 26/03 they do acknowledge that the takeover bid deadline is 22/04 5pm
I’m not too sure how they can acknowledge it and at the same time put the company into prepack admin before that deadline

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=DEB&ArticleCode=qgjdild4&ArticleHeadline=Response_to_proposal_by_Sports_Direct

Just read the itv article

“The Debenhams management team - who will be retained post administration - are in the process of drawing up a Company Voluntary Arrangement (CVA) which will involve the closure of up to 50 departments stores.”

No wonder why those a-holes are pushing for admin and not open to any proposals by MA, I’m not a legal expert but if this is the case I believe MA will have solid case to take legal actions against them

Daniel you’re a subject matter expert what’s your input on DEB not releasing an RNS highlighting their rejection of the RI. Could they still be in negotiations or this is long gone now?