Member Info for jedclampit

Very strange with the news so far that we have some 16m sells against only 7m buys, you would have thought it would be the other way round. But it could be small investors just taking a little profit while they can but they could end up having to to pay a lot more if they want to get back in.

I guess they have until the end of the day to get their / any bids in, and then it could take another 3 months to agree anything.

Even if 1 or more companies put in bids it doesn't mean TCG will agree to the values, but I guess in the end if TCG want to get rid they will agree a number slightly less that they wanted and the bidder will have to pay slightly more than they wanted.
But it would be nice if someone gave an estimated value of what the airline business is worth.

Some good news for a change,
Germany's largest airline Deutsche Lufthansa will make a non-binding offer for Thomas Cook's Condor with an option to acquire the remaining airlines of the British group, Lufthansa's CEO said on Tuesday.

But what is Conor worth ?, the assets of the planes alone must be worth some £300m - £400m then you have all the good will and a current profitable running business. S what about £800m - £1b who know, but it would be nice for someone in the city to give a clue.

All this talk of another £400m, as I can see no one even the company haven't yet confirmed they have borrowed another £400m, it could be that there are talks about setting up more credit for the winter but that doesn't mean they have borrowed any more, so that does not mean they now have approx £2b debt.
Let's see what's in the h1 report in 12 days.

I have been a long term investor in tcg and I do not defend the BOD's at all as over the last 2 years as I think they have done a crap job, but some things don't seem to tie up here.
From their statement below
Thomas Cook kept a healthy level of liquidity headroom through the last winter cash low period, maintaining a minimum liquidity buffer within our targeted range of £150 million to £200 million.

Since that update, the business has moved into its key summer booking period where the Group's liquidity position continues to strengthen. Looking ahead to Winter 2019/20, we have taken the proactive step of engaging in discussions with our lending banks now to ensure we have both the financial flexibility necessary to maintain an appropriate liquidity buffer through the winter, and also the ability to continue to invest in our strategy of growth.
So going by that the statement makes it look ok, as they haven't broken their banking terms and infact kept their borrowing below that was available, and it says that cash flow is getting better and they are ( de-risking the business).
So where is the truth in all this.

Big buys and sells today, so if Fosun are still after shares we could see another rns on tuesday with 19%.

1.5m buy

jj, it's all about investing in the future plans, if you read the RNS.
It says they are sorting our the banking for next year early, they started the talks and NOT the banks chasing them.
If and when they sell off some / all the airline business I guess they will use that money to pay down debt and that's what PF said the other day. So once they have done that they will still need money to invest in the furure plans and as many companies do they use other peoples money. That's called business.

You keep trying to make things personal, just because many know you are throwing good money down the drain with vog.
If you are not invested in TCG just why are you here.?

I guess none of us shareholders really know what's going on 100% but at least the bod's have come out fighting and trying to keep everyone fully up-dated as much as they can and stop all the silly talk from the press who only want to sell papers / articles to boost their own businesses.

Harrycash, the Yahoo news was probably only a few words because they didn't know what was going on and so as usual plaster the worst headlines they could to create the biggest impact.

So what are you going to come up with now,
Tcg running out of cash, NOT true, Tcg. Going bust, NOT true, Tcg needing another 400m. NOT true.

Also says Income is on the up as we are coming into the summer and they are now looking at taking care of next years needs. All good news.

Sounds like they have all the banking arrangements in place and the articles about extra debt are not true.

I guess you could always invest in vog which has a MC of what £35m no customers no profit and no prospects.

The trouble is you cannot guess a price based on the last 3-6 months of bad trading. Everyone knows TCG is changing it's business model and as such this business and share price will be totally different in 12 months it could be £1.50 without much problem. So any takeover price will be based on just how much someone wants to get control and take advantage of the future growth and profit, so even now with a sp of 20p - 30p a takeover price will / could still be £1 +.

Deadline is only next Tuesday so only 2 trading days, and if there is any confirmed real interest then we will find out about it fast by someone / reuters etc. then the sp will rise fast but to what who knows.

are out in about 2 weeks so we are in the closed period and the company cannot make any announcements that could change / affect the market and sp.
we will,just have to ride it out until then, but by then we would have passed the 7th May deadline for any real interest in either airline or total tcg business so we could get lots of info then.

I wouldn't be surprised if Tcg know all about this article and all the contents but cannot make any comments or confirm them because we must be in the closed period before the results, and that would be against the rules.
Only a few weeks to results and all will be out there.