The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Quite bizarre, on most of the Boards I use (not as often as I used to) everything is now Tribally Binary
I won & you lost
Its the same all over Social Media too, polarising behaviour everywhere
Brexit / No Brexit
Deal / No Deal
I was right you were wrong
I told you so
Sadly grey arrears seem to be a thing of the past :(
Boiler room crew not having a great time of it this morning, worked all weekend on overtime - 'timber' 'will go much higher than 30% drop' 'not worth 3p' spamming the boards with the same copy and paste
Bosses are not gonna be happy...… particularly with KIE this morning too, you guys need to get over there sharpish
why keep spamming the board, we've all read the RNS
I'm annoyed at myself now, I've blown £15k and am now out - all my own fault
I should've spent more time trawling the numbers from 16/5, with hindsight all the info was staring me in the face
I'm just surprised the BOD haven't already resigned and Administrators in, must be close to or already trading insolvently
Fosun, Russians and the Turk would get a far better deal with Administrators rather than dealing with the Board who will soon disappear with their SWAG bags - there is fundamentally sound Business in there somewhere just been mismanaged by PF - all just my opinion, good luck all
IMO PF and BOD had already burrowed their own Escape tunnel with Fosun
The Turk & Russians have somewhat scuppered their own self interested plans
so far as 3rd QTR results are 'CANCELLED' not POSTPONED
Forthcoming results dates
'All future reporting dates, as previously disclosed, are now under review pending the outcome of the recapitalisation of the Group. As a result, the third quarter trading update originally scheduled for 18 July 2019 is cancelled. '
Are they now actually going to have to report 3rd Qtr?
So whilst trying to offload the Airline they leave the goodwill in at £0.9Bn
The good will impairment write down was all just smoking mirrors, numbers to fit
and 1.5Bn of Goodwill to boot even with the 1.1Bn impairment
Bucklefern, I think its they and who knows how far off 30% they are right now...…..interesting
At the end of the day ive been mugged of around £15k of my children's inheritance, I thought I'd left investing in 'lifestyle' companies on AIM a couple of years back, but I'm just a lowly PI who's gotta suck it up and move on
this is what get me.........….'We have also taken the proactive step to approach our financing partners and are engaged in constructive discussions to ensure we have the flexibility and resources to continue investing behind our plans over the long-term." - talking long term!
Then 2 weeks later has gone to sh*te - it stinks !
Illbet - that was just 2 weeks later!
you telling me PF and BOD's were not aware - doesn't relate to the RNS at all
PPE - just absolutely shocking and released in an RNS for good measure !!
Fri, 3rd May 2019 15:16
RNS Number : 0829Y
Thomas Cook Group PLC
03 May 2019
Statement re bank financing
3 May 2019 - Thomas Cook Group plc notes the recent media speculation regarding discussions in relation to its financing requirements.
As stated in our first quarter trading announcement of 7 February 2019, Thomas Cook kept a healthy level of liquidity headroom through the last winter cash low period, maintaining a minimum liquidity buffer within our targeted range of £150 million to £200 million.
Since that update, the business has moved into its key summer booking period where the Group's liquidity position continues to strengthen. Looking ahead to Winter 2019/20, we have taken the proactive step of engaging in discussions with our lending banks now to ensure we have both the financial flexibility necessary to maintain an appropriate liquidity buffer through the winter, and also the ability to continue to invest in our strategy of growth.
Peter Fankhauser, Chief Executive Officer of Thomas Cook, said: "We have taken a number of prudent early steps to de-risk our business by taking out capacity in a challenging consumer environment. We have also taken the proactive step to approach our financing partners and are engaged in constructive discussions to ensure we have the flexibility and resources to continue investing behind our plans over the long-term."
We will provide an update on current trading on the publication of our H1 2019 interim results, due on 16 May 2019.
-ENDS-
I agree, for transparency TCG should have headed the announcement 'Our Airline that is currently for sale...………..'
Thomas Cook Group Airline consolidates digital marketing team with new Manchester office
August 05, 2019
Thomas Cook Group Airline has consolidated its Digital Marketing team with a new Manchester city centre base.
Looking after all customer-centric digital activity across the Group Airline (including Condor), the team was previously spread across multiple locations and is now centralised to two offices with its new hub in Manchester, UK and Oberursel, Frankfurt.
With Thomas Cook Airlines’ UK headquarters at Manchester Airport, the entire UK airline is now based in Manchester. A central focus for the digital team is the continued development of thomascookairlines.com and condor.com for its seat-only business and developing a best-in-class online customer experience.
The Manchester office currently has 25 in the team in digital across marketing (Brand, Content, CRM, SEO, PPC, Social and Affiliates), product (development, UX) and analytics. Together with the office in Oberursel, the Group Airline Digital Marketing team comprises 55 people, with a further 20 being recruited.
Henry Sunley, Commercial Director, Sales UK and Digital, Thomas Cook Airlines says, “We have a huge amount of experience in the team from the travel industry and beyond. By bringing our digital expertise in one place we can further develop and support our Group Airline strategy and seat-only business.
“We can now speed up the development of our digital sales business and create a world-class digital team. We will be agile, more creative and more collaborative across the Group and we are starting to see the results of that already.”
Digital product projects completed since the Manchester office opened, include the launch of Economy Light fares, enhanced luggage booking functionality, streamlining ancillary booking for a better customer experience and online upgrades. Customers can also now more easily make changes to their flight booking online.
Digital Marketing projects include James Martin’s new Summer menu launch with a social-led video outreach, a content campaign around the popularity of the window seat, and running this Summer is an innovative new social media marketing campaign, Takeover My Trip, where holiday decisions are put in the hands of social media followers.
ENDS
Thomas Cook Group Airline, part of the Thomas Cook Group, is one of Europe’s leading leisure airlines, operating from the source markets Germany, UK and the Nordic countries. With a fleet of 105 aircraft, the airline carries over 19m customers per year to 120 destinations, generating revenues of £ 3.5bn. Its 9,500 employees put the customer at the heart of everything they do. The airline has received almost 80 awards in the past six years, showing the passion and customer focus of its colleagues around the world.
was an embarrassing £80m odd vs today £190m - about time the CEO and CFO made a statement
been sat there trying to fill slowly
I feel for all the shareholders that have sold out over the last week or so at 4p / 4.5p / 5p by reading all the doomsayers on here spouting the Company is worthless, or 1p Max - always DYOR and make you're own decisions to press Buy or Sell
They walked it down to pick up that 2.4m