Member Info for jedclampit

More streamline cost savings as they announce 21 store to close and as they move their business more online.
very sad for the staff who will lose their jobs but now days they have make savings to grow their business.

I think they are trying to force his hand now and make an offer. there is no G/Tee he would be able to buy them from admin.

Doesn't the rns say 1 of the options means no equity, but they will pass the request and allow the loan money, why would they not to keep the company going.

It's only the insurance business calm down!
Global travel giant Thomas Cook has sold its Australian travel insurance business just 12 months after it launched following a disastrous year in its main market, Britain.
But the good news is that it's selling the total / part airline business and moving into the hotel business.
Like TuI it's buying / opening it's own hotels to take full profit margin where possible, and is opening up to 20 hotels this summer.
Once they sell off the airline business they could have anything from £1b - £2b to reduce debt and expand more profitable buinesses for 2020. all looks a much better bet than the current set-up once it's all been sorted out and profits could rocket.

So is MA going to get his own way and take control with a loan of £150m?

Well the BBC said today it was expecting an up-date on Debs anytime. !!!!!
Could be bank loans agreed.

You have been going on about shorts and debs going to admin for weeks now ,Come on if you knew anything about shorts you would know that if Debs goes bust you don't need to pay back / close any shorts.

I guess it will not be long before we get an rns saying Thomas cook has done a deal and sold all or part of their airline fleet for £1b-£2b and they can pay off most of their debt.
After all it's been a few weeks now since they announced their new plan to sell off all their planes and they have already had interest from Lufthansa’s Eurowings Set For Expansion Through Condor Acquisition, and how many more interested aprties are there for the rest in such a short time.
When those rns's start coming in the sp should start to rise and could go as high as £1 very quickly. could it be this week or next?

It's by now very clear that you do not have any money to invest at all long or short and so you keep saying you will short Debs just to be different and wind many posters up just for the sake of it.
Unless you have spent / put by thousands of pounds in shorting over the last 2-3 months you would have made nothing with such a small movement in sp.You are not pulling the wool over anyones eye's only yourself. But keep it up it's great for a laugh.

May be that someone has shown interest in buying the pfd business in total and also wants the ambrosia business as part of it and that's why they have taken the sale of a,mbrosia off the table for the moment.
We could yet see a 70p a share offer for the lot. still holding.

The trouble now is there is very little trust in the market for anything vog say and do, it's all been about saving their skins before the shareholders value and concerns. Will that change with a new team at the top ? but I guess many will just wait and see for a few months before investing any more / new money. vog have them selves to blame.

It looks like it's been jam tomorrow for the last 10 years, and after what about 10 placings and raising cash we are still in the same position.Wells drilled that we cannot use due to a stuck gun, and insurance claim that looks like it will never pay off, a debt level of what about $20m, only half the eneo contract we used to have, NO salesman signing up new customers for the gas,
Now vog has a new plan by getting rid of K Foo and who knows who else and raising another £12m but is that to pay off some debt or to spend the money with another plan to develope Matanda even though they still don't have customers for that gas. Do they know what they are doing / going.
The sp will go down to or below the 13p plcing price until shareholders see just what the real plan is, you might even be able to pick these up at 8 p -10p .

That's rubbish, they had total debt of £211m then paid down about £100m in the placing and then reduced it down to £70m by year end from trading etc. So there is no reason they cannot reduce that to zero by end of this trading year.
But with only £70m debt now days is nothing compared to many many other companies as lond as revenue keeps coming in.

Yes according to the Mail MA has £1b in a war chest ready to strike and buy some companies, so why can't he now make a 15p offer for Debs and take full control. Now that would be peanuts for him and give him what he wants.

So are we going to see the sp back below 13p before or just after this placing gets away.?
Looking at the history with vog nothing ever seems to go right with their placings, so it might be worth buying in when we know what the new team are going to do. Also will Dik keep his job with the new bod's.

So at least the bod's are considering MA's offer of £150m loan. He has so far offered £40m then £150m as loans and if the other shareholders turn this down which I think they will we are only a few weeks away from MA being able to make a full bid.
This last offer will give him a good idea of what he thinks he could get away with in Feb with a full offer, clearly he doesn't have any worries about Debs going into admin and him losing his money otherwise he wouldn't bother now.
Still think why would he offer loans of £150m when he could make a full offer and take full control with an offer of £250m 15p -20p.

2019 / 2020 is looking much better, last years losses were down to write off's and debt has come down from £300m to only £70m this year and could be zero by the end of this trading year and back to divi's.
sp could / should be back to 50p - 70p by years end.

was last posted in Jan and business was up, look it up on RNS above.

Come on don't make me laugh who 's going to vote against this.
it's already agreed and if the shareholders do vote against it the company is broke and out of business I would imagine.
Just wonder what the new team might bring and where they will take the cameroon business, build it or sell it.?

If he still wants to offer £150m with a loan and without any full G/Tees of ever getting his money back, he can and will offer £250m -£300m for a full takeover and get the company with full control for what about 12p - 15p a share.
He soon come up with another offer from £40m to £150m, after all Debs only has a M/C od £40m now.
Takeover offer within weeks or days now.