The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
To my knowledge Serco & Royal Mail have paid on this as reported by news papers. No RNS. & that too soon after the budget. Looks like it won’t impact the operating financials of the companies. We had the Trading update on the 11th & by then the company should have known/ paid if any .
Kim , Thank you so much
Under position it states " PCA of Matthew Moulding " . What does this mean ? Can anyone clarify please. Thanks.
Mark Q: Just out of curiosity . I noticed in this page saying the analyst consensus data represents a summary of the forecasts made by sell side investment analysts. why do they get only the sell side analyst figures. Would that be different if buy side analysts cover this. Bit confusing.
An extract from Q3 update:
" Our confidence is further supported by a strong pipeline of new client wins expected to complete during the fourth quarter of 2021, and a substantial order book of over 280 new websites for existing clients, which will see the total number of live websites increase from 163 to 400 by the end of 2022."
Anyone has an idea of the number of brands that have already gone into the Ingenuity platform from Nestle. I noticed 3 already
Please read the expert views on the repeal.
https://observer.com/2020/08/paramount-consent-decrees-implications-future/
I was thrilled with the following
Still, the termination of the Paramount Consent Decrees is the result of a consistent emphasis on deregulation across various sectors of business. It’s consistent with the economic policies of the last 20-30 years, according to Professor J. Christopher Hamilton, an assistant professor at Syracuse’s S.I. Newhouse School of Public Communications with a focus on television, radio, film and interactive digital media who previously worked at Lionsgate, Turner and Viacom. He sees potential value in opening the doors to innovation across the film industry.
“A company like Google or Amazon owning a theater chain presents a whole new proposition for consumption and engagement of their consumers,” Hamilton told Observer. “Instead of thinking of movie theaters as older institutions, what if it was an entertainment-based destination where there are games and food? Interactive theatrical experiences? Imagine a mini-Disneyland where families can go, or just think of Dave and Busters multiplied by twenty.”
Amazon owns popular video game streaming app Twitch and could use the theaters to not only show movies but also international gaming events, which appeals to younger demographics not currently engaging in traditional theatrical experiences. Disney has the potential to provide a combo Disney Store + Theater experience, not to mention their ownership of ESPN and the ability to play live sporting events on huge screens. However, this underscores the reality that independent companies without the benefit of added value will likely be forced into selling out to one system or another. The opposition, however, argues that independent films represent a much smaller portion of the overall market and that the Paramount decision was not intended to put limits on the entire industry based on a small percentage of the overall market.
The theatrical model—usher herds of people into a dark room as many times as possible—has remained largely unchanged for decades. The potential benefit of change is that a consumer can experience all the various mediums and innovations when it comes to content delivery.
The desire of Triton to acqure TCG Nordic
https://skift.com/2019/07/11/how-sunweb-is-taking-on-europes-biggest-tour-operators/
and TCG new route
https://www.ttgmedia.com/news/thomas-cook-to-launch-new-marrakech-route-and-packages-18662
Another initiative during a so called difficult time???
https://www.ttgmedia.com/news/thomas-cook-sport-unveils-2019-london-nfl-packages-18641
Also " Profit" is interpreted in different ways by different type of investors. Now we are in a state where a sale of business is to take place and such investors dont look at Net Profit but more at operational level or what you call EBITDA. At that level both the Airlines and the Tour Operations are making profits even during a difficult year - last year. Other years are really good.
What will happen to this partnership after Air Canada buys transat
https://uk.reuters.com/article/us-air-transat-interview-thomas-cook-grp/canadas-air-transat-says-airline-deal-with-thomas-cook-could-expand-idUKKCN1MM0K1
Firstly the appointment of Lee Russell for 19 of the group companies on the same day -14/06/2019. It may be a replacement and could be strategic. The second one is change in shareholding in the Hotel Investment company. As I said these are two of the many changes that have been filed of the operating companies, presumably to pave the way to ultimately effect the necessary disposal/divestiture. So, obviously they need time to sort out many issues before come out public on any announcement.
Interestingly I also saw the details of the company - Thomas Cook Airlines Ltd,- that handles UK ops. It made for year 2018 Sept: Revenue £1.3bn, Net Profit £103 mn and has an equity value £533 mn. This numbers alone can fetch a valuation north of £1bn
https://www.verdict.co.uk/private-banker-international/news/fosun-tenax-capital/
Some problem. See this link and the 1st July message
https://beta.companieshouse.gov.uk/company/11006779/filing-history
Gareth after you mentioned about Companies House, I found a lot of filings relating to group companies in recent months. A sample below.
https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/hmhofTvdTDb0NPmU9LJZ3wkor-JjCKKqwQWLWjHS0xc/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Content-Sha2
https://beta.companieshouse.gov.uk/officers/3SDRQZ_l0QswBcrzwfkgobDSgMg/appointments
In case TCG get a reasonable offer from Fosun for the Tour Operator business, is there a necessity to sell the Airlines. The businesses that would remain be Airlines & Hotel business. Any way their stated objective is to become a leading Sun & Beach Hotel Group in Europe
It is Two months since the deadline for receiving bids.No news so far. It was, probably complicated by Fosun interest in the Tour business. how long we have to wait.Hope for the BEST.
Gazman, thanks for that informative article. BkkBkk research on valuation is good. It is true if you sell the slots you cant run airlines. But the point is the valuation of the whole TCG airlines should take into account all these valuable slots. Plus what about the Profits the airline makes. I found this interesting " The Financial Times reported that Thomas Cook Airlines was mainly valued in the £1billion-£1.5billion range, though one analyst was cited as valuing the business as high as £3.2billion." The analyst with £3.2bn is Credit Suisse. Citi figure £630mn and Jefferies struggles to pot £ 900 mn. It is ridiculous.ATB
Nothing on this forum today so far. For a start. Now that TCG has received bids for Airlines and Tour Operator. What is left is Hotels and resorts business. Which way they will go forward? With the Airlines or Tour Operator. Has the relaunch of Air Tour anything to do with this??