I agree
Hi buck
No if you read what I said yesterday I am wary of the Turkish article
Just like I am wary of the “reports “ TCG need 150m extra
My point is why have the British press not picked up on it and picked holes in it if it’s not true
Even the slightest bit of negative news is jumped on by the British press yet take NK and the Russians buying shares in TCG, very very little info being reported on that in the British press
BUT
More importantly why have TCG not responded with a firm denial of the Turkish article
Considering that the article is talking about the 2nd biggest share holder of Thomas cook planning to take the company over
Ambly your point may well be very valid
But that still does not explain why TCG have not responded to the article or why the British press have not picked it up
“It would become the 2nd biggest tour operator in the world” now you would think the British press would pick up on that and even if it was not true pick wholes in the story
Instead the British press run with the “there are “reports” of Thomas cook needing looking to borrow a extra 150m “
Even a shorter on TCG can not deny it’s strange what’s going on
That’s the point
It’s only a report that they need a extra 150m it’s not fact. Seems as long as you say “reports coming in “ you can print what you want
More bad news being spread and good news being completely ignored
First of the reports of needing £150m are only reports and not facts
So 1 we don’t know it’s true yet
2 everyone has been saying Fosun is putting in 750m well that’s not how I read it (DYOR)
I read it as 450m from Fosun 300m from banks and bond holders
3rd if the reports are true so what, why not ask for another 150m lol
4 th it’s “reported” the 150m is apart from the Fosun deal. So does that mean the Fosun deal is in trouble OR instead of the 750m deal with Fosun, bands, and bonds are they really in talks with NK and they are sounding out borrowing 150m from banks and bond holders as part of that deal with NK. Think about that for a min ! What did NK saying in his interview ? TCG does not need 750 m it does need some of course but not that much, but what it does need is better management (which I think we all agree is true )
Just a quick one on the airline. I was watching a video last night where it sort of suggested that the main holdings of the airline when in Norway. Now Norway is not part of the EU
I am not smart enough to understand the ins and outs of that but could that be a way the EU laws for Fosun and NK ?
DYOR
Well done handy.
It’s nice to hear people made a profit
You may well have done the right thing
I am sitting on a profit as well as things stand but I am lucky that it’s money I can afford to lose so and at the moment happy to carry on taking a big risk
If on the other hand I could not afford to lose the money I would properly have sold even though my gut says stay in.
Again luckily I can play the long game if I need to and quite willing to do that even if it get diluted because I still feel it’s a stitch up.
I was warned years ago as well
And I think the same now as I did then, my gut tells me there is something not right here
And that there is a lot we are not being told and TCG are hiding something.
If I am wrong then I am wrong, I know the risks and will accept that them if it crashes and move on. But even if it does go wrong I will STILL always trust my gut feeling over what people TELL me I should do. I am not always right about everything in life but neither are experts
If we knew that we would be all rich lol
One thing is the SP has been controlled very well for the last 2 days buys constantly hovering up sell yet still managing to keep the SP at the same price more or less.
I’ve no idea who he, she or they are but they are doing a great job at it.
If I was Fosun I would be worried in case it was a invested looking to block Fosun deal.
Because if it is someone like NK or his allies ihe is being allowed to increase his stake without constantly having to pay more and more money.
My only worry is the volume of shares being traded
If it’s someone trying to increase there stake then at the moment there are not enough shares being sold.
As for the extra 150 m apparently needed. Well first of its not a fact it’s only at the moment a story.
And really when you think about it there is already enough bad news around being reported yet it still has not pushed the SP back down to the low of 4-5 or even lower.
That’s the neat question we have to ask.
Why with all this news has it not been pushed all the way back down.
It’s not because of small investors like me and others that are keeping it in the 9 to 10p range
It can’t be good news that’s keeping it at the SP it is now because the British press are blanking anything that can be thought of as positive news.
If I had to be pinned down to what I think is happing I would say there are things going on in the back ground none of us know about. Unfortunately that could be good or bad for investors
Has a company EVER went out of there way so much to say there shares are worthless. Openly promoted negative news. Written down there assets from 12 years ago so massively
Tell everyone they are skint yet still invest in there hotel brand, new tv adds, and even after telling share holders there shares where worthless still insist they are carrying out the 50m refurb of there Spanish hotels
DYOR but to me they are hiding something and are completely corrupt and I hope they one day end up paying for what they are doing.
They are not only trying to destroy the brand , ruin share holders investment but they are also putting 1000s of there own workers at livelihoods at risk.
Why cancel it ?
They want bad news out there. They have already said the shares are worthless so why would they just not post them.
Are they hiding something?
My guess is Fosun no all the pit falls of the company
The banks and bond holders will no the pit falls of the company
So are they trying to hide something from investors and potential investors
Because it sure seems they just want the deal to go though with forum and they are hoping it does before people get to look more deeply into there accounts.
I never do believe everything I read. In fact I have stated on here this morning I was wary of the article in the Turkish press
Just like I am wary of everything a reported in the British press.
My point is why is the Turkish story being ignored by TCG and the British press but any thing negative is jumped on by the ?
If that report in turkey does turn out to be true it will be a disgrace that tcg have not released a statement
750m ?
I have just read Fosun where only putting up 450m of the 750m
I like to read all the news and take it all in.
But yet again someone posting a link to news we already know about but still not wanting to explain
Why tcg or the British press have made zero comment on the reports in the Turkish media even if its to say its fake news.
Great thanks for that
Now please explain to us all why TCG have not confirmed or denied the article in the Turkish media ?
Why have the English press not reported it even if to say it’s fake news ?
I am perfectly happy being still in over the weekend
Maybe TCG are in a panic about the news in the Turkish press and what better way to deflect that news than leaking more bad news to the press to further put traders of.
I notice TCG would not comment on the article of needing a extra 150m
I also notice IN the article that the money was apart from the 750m from Fosun
Does that mean Fosun are pulling out and that’s why TCG are looking for emergency money ?
Maybe Fosun have also read the story in the Turkish media and are now having 2nd thoughts ?
Again it’s all if when why what load of rubbish
By putting “it’s reported “ it seems anyone can write what they want with out any Consequences
It’s also funny they need the 150m when only 9 weeks ago the BOD said they where going ahead with a 50m refurb of Spanish hotels, strange that considering they are skint.
There are so many stitch ups it’s unreal and it seems you can’t believe anything anyone says
Again strange that that news is covered yet nothing in the English press about the story in the Turkish papers.
As well as posting useful links
How about telling us why TCG have not released a statement about the Turkish story
If it’s true they should let people know , if it’s false they should let people know but they sit on the hands doing nothing
Well I think we can all agree the CEO is a disaster
Old news that
What I want to know is why TC have not denied or confirmed the story in the Turkish press
Looking like a late hover up of shares
Some nice sells for someone to buy and the price is back to what it was before the sells. I don’t expect it to drop below 9