Member Info for jedclampit

(Jed with your ridiculous attempts at getting people to buy ? You were trying to convince people that the bids would be high and the share price would be immediately 40p and rise towards £1.)

I never told anyone to buy, based on what we were all told about the bids and multiple bids at that from the bod's I like many others thought 40p would have been a good price, and going by all the press many others thought we have all been lied to as well. So just get off your high horse.

There could be some light with the sp up

Unfortunately like others thousands.

Offer from white knight 35p a share. !!!!!!!!!

If after the last week the shareholders are going to be wiped out then I am sure the majority of shareholders would rather tcg went into admin. at least many of the workers would / could still end up with jobs as parts of the business will be bought by others, but the bod's will all lose their jobs. Bring it on.

According to press and tcg docs the deal is expected to be completed on Oct 31st and not before,
The bod's have either lied outright about the bids or they should up-date the market and shareholders as to what the bids are / were, otherwise everyone is expected to vote for the deal without knowing the real terms etc.

Unfortunately the directors of both Debs and tcg were / are complete ******** and should be taken to court for treating the shareholders and running their companies into the ground in this way, both sets of directors sat back for 9-12 months taking very little action with their heads in the sand just hoping things would sort them selves out when both could have done a share issue raising money at a much higher sp to take care of the debt and improve the company's prospects. But again they have just been looking after their own jobs. all should be banned of being directors ever again.
Debs could be the same trading position now with the same shareholders if they had taken MA money instead of the banks, just like tcg can be if they take an offer for the nordic business.
Just beggers belief.

It's good to see that I am not the only one who thinks cwd has turned the corner and with luck could see the sp making it's way back up, and it would be great to see it £1 even if it takes a few years.

After hearing that the bondholders and some banks (had appointed advisers from US investment bank Houlihan Lokey, lawyers from Milbank and set up a committee ahead of crunch negotiations with the 178-year-old travel firm and its lending banks.)
These Bond holders clearly feel that Fosun are trying to get their hands on tcg on only the terms they want to offer and get it all cheap. There must be a good reason why many of the facts / prices etc were lrft out of the rns when issued. Was it done to spook all shareholders to think the game was up when clearly you cannot make a final decision when we don't know all the fact. Why should Fosun get tcg for what £750m when tcg should be able to sell just the nordic business for a least £400m and then carry on their business. this all stinks to me and maybe the game is not yey over. Monday will be interesting on the sp, could now see it spike knowing there could be a legal battle to get a better deal.

Goodness this board is full of told you so's, but none of us yet know what the details are. If Fosun make this a worldwide company worth 20 times the sp could be much higher and profitable.
Hasn't Fosun already turned round the travel business they bought more than 8 times the size in the last 1-2 years. we all know it's a gamble in this line of work but the game is not over until the fat lady sings.

Give him time, now I have put on a post he will be back before the day is out and probably before the morning is out.

You still coming on these boards trying to trun the knife into anyone thats lot money, it's a very sad case but if it gives you pleasure to be a clever little git then fine.

At this point I don't think anyone knows how this works.
Fosun give / lend money to the banks to take over shareholding for money, is the shareholding of tcg held on account of Fosun or the banks. How does Fosun get it's money back from the banks, maybe it doesn't it just gets interest on the money it gave to the banks.
Also the rns says they ( fosun or the banks) still plan to sell / split off most of the airline business. So what does that money pay back? shareholders or banks. Still too many questions.

All these so called know alls keep coming on here sayingtold you so.
But the bod's never needed to do a D4E deal they already had buyers for the airline business lined up that would have cleared the original debt OK tcg would have ended up smaller but more profitable.
So why take a new deal from Fosun? this keeps tcg in all it's parts and then moves on to become a bigger world wide company with more prospect and profit down the line. we have to believe that in 1-2 years time the sp could be £1 + otherwise why would they not just sell the airline side as the original plan. Until we get all the info we just don't know, or is it just sod the shareholders but we keep our jobs.!!!!!!!!!!!!!!!!!!

So we have tcg who has debt and assets , they put the assets up for sale and get multyple bids where they could clear the debt and move forward but NO they take on more debt and lose control of the business.
Are the bod's just looking out for themselves or is this a better long term bet than first makes out?

Is this plan a short term deal where Fosun give the money to the banks who then pass it on to tcg so fosun do NOT hold more shares or control under eu rules until we leave the eu on 31st Oct , then fosun and the banks convert the holding on to fosun.?

Fosun wanted the lot one way or another and so the thomas cook name will carry on, but we still have all the assets and long term they must be worth a lot more than the £1 a share in 6 months.

It's funny isn't it that you only turn up on sites to put the knife in more to anyone you think is losing money, very sad.

As I read it the £750m will be the total and will replace the £300m already agreed so it's only an extra £450m i think.

So this is how Fosun get round the eu rules, they give the money to the banks who then pass it on to tcg so Fosun can take over as the majority shareholder.
So they intend to carry on and build the business in total with all the airlines and travel side together rather than sell off bits.
OK we will get shafted in the short term but doesn't this mean the long term could be really good with the sp going much higher than before. Or is that just wishfull thinking.