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Amers - most staff can buy shares as they are not party to discussions - only those at high level and involved eg legal finance
A holiday rep would not be prevented
Puss if you read the statement in July TC did say that Fosun would only be contributing some of £750m not all but they have only said how much , I guess now you can calculate a dilution figure by assuming a SP
Why is PF withholding Q3?
Cos they is ****
he has to release the fact that he is asking for money as it is going out to bond holders so it out there anyone could leak it
JTMacs it is Turkish owned it is not German outside EU so is an issue, anyway is he really a serious contender?
anyway Boris could probably wave that issue on Nov 1 when he will be desperate for any Tom dick or harry to invest in GB
like you say you are not accountant
so stop talking about **** you dont understand and potentially misleading others
JTMacs your point re goodwill is right , the impact however is the reverse
It was TC who created this when the bought MyTravel and put it onto BS instead of declaring it as cost of purchase
Eg buy a house for £4billion but dont declare it against profits
now they have determined that 'house' is not worth £4b it is worth £3b (probably much less actually)
So they have been forced to show it as a cost (more potentially could be written off)
Basically the cash left the business 15 - 20 years ago and it has never been shown as a cost
Well JTMacs that was obvious you cannot stand the truth can you? idiot
Gareth - we knew all of this , this is old rehashed news
JTMacs you are such a dullard
1. The Debt and impairments are different things
2. The impairment is also not made up (or are you claiming you are better qualified than the audit profession???
They basically overpaid for Mytravel and there is still further potential **** to hit the fan still sat on BS
You shouldnt be allowed near any money
You clearly know diddly squat about financials
its ****ing weird spending all day on here.....asking strangers to hold hands......get a life Harry
ask Mike Ashley about expectations .......for future returns
optimism can only take you so far........ to throwing lots of cash away usually
less than 9 mill this year i predict as bookings were 12% down than 2018 last time they announced
Yeah me too and am not going near the stuff
and good business model ..... all those high street stores? package holidays? over priced ? 2020 soon guys
really? anyone heard about Air BnB?
Buck... they are now being saved by the Turkish Mike Ashley and some woman from Russia nobody has heard of. Its all good
or have you not yet drunk the cool aid ?????
and watch out for cream faced loons like upandaway who claimed this would be at least 16p by COP today
Sten came in Nov 2018 well fact this was going tits could not be kept under wraps any longer
his linkedin shows he is CEO of Gugaard Consulting and his appt at TC is an a limited time basis
maybe getting a fortune fo sorting this mess out in a more 'independent' way , not directed by the hapless CEO
Who is Swiss btw
Says it all, they clearly are prepared to take a huge loss
Most UK majors got out ages ago as they were closer to what was going on
Fosun the latest to get ****ed over.... take a note from Mike Ashley
It is clear there are lots of opinions out there and they should all be taken with caution. I agree.
The 2 articles from the same publication demonstrate that.
The previous article suggested that the marketing campaign was positive, in that they had received some cash injection and it was not to offload distressed stock
The article I have posted refutes that claim and states categorically that it is to offload distressed stock
The value is very significant
Interesting to see that TW are not on the same page regarding TC late marketing campaign
http://www.travelweekly.co.uk/articles/338478/comment-thomas-cook-shows-importance-of-marketing
The other article is of the opinion that the marketing is not a desperate attempt to clear stock, however this one clearly states it is. As is the case with the whole market TUI are doing the same. Holiday companies only run ads this time of the year when they have stock to sell, an indication that sales have not gone well.