Member Info for neilin62

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https://www.ft.com/content/959cdfc2-78b8-11e9-bbad-7c18c0ea0201

Mr Fankhauser said an additional £300m loan facility secured in May from Thomas Cook’s bank lenders was calculated based on “the most pessimistic case” and would give the company “bridging finance” should there be a delay in the sale of the airline. The facility matures on 30 June 2020.

The chief executive tried to reassure customers this week, saying they could “book with confidence because we have a plan and we have the support of the banks”.

Investors agreed the banks’ backing was a good sign, particularly as the lenders knew the value of the airline bids.

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https://www.ft.com/content/959cdfc2-78b8-11e9-bbad-7c18c0ea0201

Mr Fankhauser said an additional £300m loan facility secured in May from Thomas Cook’s bank lenders was calculated based on “the most pessimistic case” and would give the company “bridging finance” should there be a delay in the sale of the airline. The facility matures on 30 June 2020.

Steve Davies, a fund manager at Jupiter Asset Management, one of Thomas Cook’s top five shareholders said it was a “substantial and significant vote of confidence” from the banks. “They will have had access to more information than shareholders,” he added.

PS,
I'm holding mine!

NotAClue,
Excellent prognosis.
Most people here are getting hung up on the "£1.465m debt"
It isn't £1.465m.
As you correctly said, the impairment writedown is not a cash debt, is an entry on the accounts that refers to a reduction in the book value of an asset.
The real increase in debt from what i can see is £361m - a big difference.
Unfortunately, not understanding that, mean many shareholders will see the headlines, and get spooked forcing them into a panic sell.
This unfortunate reaction does mean that the share price suffers. Just look at what it did yesterday!
One has got to wonder why Citigroup came out with a target of zero whilst Oddo put it at 18p, and Jefferies has it at 24p.
Could it be it was done on purpose for their own agenda?

Only my own opinion.

Couldn't resist it at this price. (topped up another 80k)

Hi A_M
Absolutely agree with your last post. No one knows until it's happened, and that's the risk we all take.
I know where you are coming from in your reference to penny shares and RTO.
I invested a few quid in a company called tadpole technologies in the 80's. If i remember correctly they went from a penny to 17p when i sold.
Again, thanks. It is appreciated that you took the time and energy to respond.

Just to be clear, i am in for the long haul and not looking to sell any of my holding.
Tomorrow i may have a different perspective on tonight's thoughts. Probably find another angle to view it from or other thoughts / scenarios.
Thanks for your responses. Time for bed now.

Hi Wild_Card
Yes it was the RNS that i was looking at, but it doesn't say he has to buy any shares, or partake in the offer. It days that he will vote in favour of the resolutions.

I upped my stake, as, after reading all i could find, and reading through submissions on here from various posters - ones that (in my opinion) appear to deserve respect for their insight, as well as the ones that don't, it all seemed to make sense.However, i,m sure you will agree that one should never just stop asking and researching, and i have been doing just that, and whilst doing so, the thoughts that i outlined in my previous post came into my mind. Rather than simply believing everything i read, i thought it worthy of asking the question.

i was originally in when they were photonstar. Didn' t get out quick enough, but held when it became Bould, and upped my stake when i looked into Antos & the RTO combination

Hi A_m, yes, i am hence my twitching a++se

i have an observation that i really, really hope one of our esteemed posters can help reassure me on,
I keep seeing mention that Antos will not / can not sell his holding, as he signed an "irrevocable agreement" . I've read it over and over, and i don't see it. I do see that he has signed an irrevocable agreement to vote in favour of the resolutions being put forward - not the same thing!
Also, i understand the reasoning behind the push for a RTO, mainly to get a privately listed company onto a public listing. However Antos now owns Photonstar (bought for £1,00) which is a public listed company (albeit in suspension?) What is to stop him using that company as the vehicle for the RTO?

Sorry if the question / answer is obvious, but it's gnawing away at my frazzled brain!

alfacomp's analysis is bang on. i don't think it's going to be a case of National Grid aren't allowed to own battery storage for long. They need to in order to balance the system. As more coal / gas fired power stations close, and older nuclear ones decommissioned, we can already see the amount of wind farms being constructed, along with PV solar farms. Good news for the environment, but brings it's own problems for the Grid, in that distributed generation plays havoc with load/frequency balancing, so frequency correction has to be made, as the system has to run on a very tight limit to stop electronics going pop (+/- 1 hz). This would normally be done by forcing steam driven turbine generating sets to increase / decrease the rpm, so keeping the frequency in check. Unfortunately you can't tell the wind to blpw a bit harder, or the sun to shine a bit brighter. To maintain quality of supply, it will be a necessity to have storage facilities. There are already a small number in operation in the UK (Pelham, Blackburn Meadows, Breach Farm etc) but these are currently on DNO networks, so they are coming, slow but sure. All this means that the need for Vanadium is just going to increase. - as is my shareholding!

Ah, thanks withoutt.
Got a bit excited there lol
Thought something good was about to happen

£821k buy at 16:35?

Don't want to sound like i'm advertising them, but never had a single problem, always quick to respond to a query, and execute quickly. Used to use another broker, but way too slow, no where near the service.

HL charged £5.95 for my trade. They are really good too.

RichKen. that was some article! Your research, insight, and knowledge in this company, along with BBN, Alfa, etc is phenomenal. Iv'e gained so much more infomation from your posts and articles. Makes my attempts at research look pretty lame. My holding with this company will be significantly increasing come 8:00am Tuesday morning no matter what the price is! Keep up the good work, and best regards.

Not concerned with your life in the slightest. As i said, i just would'nt want anyone to get the wrong idea, and invest for the wrong reasons. As i said, i,ve watched these for a while (since PSL days) and seen some awful attempts from some posters to influence some people to buy, (and sell) Didn't accuse you of either, just asked a civil question.
As for not seeing me on here, and being a newbie, i thought i made it perfectly clear why i hadn't posted previously.
PS. no need for childish name calling, i,m far too old for that.

doesn't really tie up with your statement 01/05 11:40 "i mainly trade blue chip as well as currency" does it?

I,ve been watching this share for a while now, and invested heavily. Not joined the group as i had no real input to give. However, invests email irritated me to the point that i felt i had to say something. There are people on here that do take note of what is said, and invest on that basis, (yes i know we shouldn't, and do research etc etc) but i admit that i was drawn in on previous comments on other shares, and got well and truly screwed on losses, hence i wouldn't want other perhaps naive people to suffer the same.