Yes I picked up on the potential sale of Zama, this looks nailed on. This would have a huge impact on the debt situation. PMO would become very attractive to any suitor and long suffering shareholders may even get a dividend, unless of course TD blows the lot on another Solan.
Well that was well worth listening to. For anyone not aware of how the PMO share price performs, they would expect the sp to rocket following the presentation. The future does look bright, just need oil price to remain or better current price.
Good late announcement from ALBA quantifying their investment in Brockham and its book value of £346k. Angus has 65pc so the maths makes their book value about £4.5m. Would it be correct to assume that if this has to be w/o the market cap of Angus drops to circa £3.3m about 0.4p
Too late to sell up and walk away, BUT will definitely not put any more money in. Took some more in the 3p offering, imo today’s news was known at the time of the offering. I’m also of the opinion that the £2m decommissioning money received will be well spent on “other things” and shareholders will be left with nowt.
The update is due 18th July. In the absence of any news regarding the sale of the airline, brace yourselves for the sp collapse. The results will be awful. Debt will be higher, they may even break their banking covenants. So sadly for TCG no news is bad news.
Lots of posters mention this, and yes this is the current position. But come on guys, when booking you next holiday will you consider TCG as your first port of call. Of course you won’t, some will only if it’s the cheapest and the TCG profit (if any) will be squeezed accordingly. Debt is growing and so too the interest thereon. Clearly no one is offering sensible money for the airline and the longer this continues the less Fosun will be prepared to pay for the rest. As for all the assets (ie hotels) they can only be counted as such if the own them, most will have big mortgages. The company has its back firmly to the wall.
Numerous bids on the table for the airline, clearly they range from zero to not a lot. Bod are over a barrel with know where to turn. Barclays see a price of 17p to zero, and clearly any potential buyers will price it accordingly.
The biggest problem with this is any buyer gets no immediate benefit, therefore they want it for a song. The aircraft is booked and paid for (funds to TCG) a bit like buying property with a sitting tenent paying little or no rent. The proceed will help but not eliminate debt. Fosun being Chinese are no fools they will also want a bargain. The bod want a good price for shareholders, well that’s a standard sentence to cover their backsides. Could take weeks/months to sort this out, in the meantime bookings are falling and debt climbing. Can’t see a happy ending here for pi’s, traders will have a good time.
So reported today, Mexico has averted tariffs by making a new agreement with the US. When announced world markets tumbled including the price of oil. Trump is the biggest threat and manipulator of markets including commodity prices. Which way will the wind blow next week, it’s a complete lottery with this guy in power.
Lots of posts regarding closure of these because the sp is rallying. This may not happen, many of the shorts were taken out at 28/30p and these guys are professionals, they will have hedged their positions at between 10/12p. They are greedy b*s*a*ds they want to make thousands no matter which way the sp swings.