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Trip Planning Florida Florida Holiday Planning Questions, Suggestions and Tips. |
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21 May 19, 09:09 AM |
#221
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VIP Dibber
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We fly a week today and have to admit I am a bit anxious
Think this week is going to drag |
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21 May 19, 09:31 AM |
#222
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Apprentice Imagineer
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Oh look , shares up by 37% since then.
The stock market and a companies ability to trade are not one and the same. Using words like carnage when people are anxious about their holidays , money and jobs is ,at best , thoughtless. It even seems that you enjoy it. Think what effect your choice of words may have before you post.
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Sequoia Lodge 2006,Sequoia Lodge 2008,Sequoia Lodge 2009,Old Key West 2010,Sequoia Lodge 2011,Old Key West 2012,Old Key West 2014,Royal Pacific Resort 2016,Anaheim 2016,Sequoia Lodge 2018,Beach Club 2019 |
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21 May 19, 09:35 AM |
#223
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Apprentice Imagineer
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I understand, we go in 6 weeks and I’m anxious as well.
However, all the available info shows that TC will be fine this summer. In fact Citigroup expect their debt to reduce by around £600m in the summer.
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Sequoia Lodge 2006,Sequoia Lodge 2008,Sequoia Lodge 2009,Old Key West 2010,Sequoia Lodge 2011,Old Key West 2012,Old Key West 2014,Royal Pacific Resort 2016,Anaheim 2016,Sequoia Lodge 2018,Beach Club 2019 |
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21 May 19, 09:37 AM |
#224
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VIP Dibber
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Our 13 Years at Disney in Video Sunset Ridge Sept2006,Highlands Reserve Sept 2007,Solana Sept 2008,Championsgate March 2010,Courtyard 2011,Clarion Inn June 2013,lakebuena vista resort Sept 2015, Santa Fe Paris Sept 2017,Newport Bay Club Paris March 2018,Clarion inn August 2018,Coronado Springs September 2019, Hotel l’elysee Disneyland Paris March 2020 ,Lake Buena Vista Resort and Spa November2022, Pop Century September 2023 |
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21 May 19, 09:57 AM |
#225
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Apprentice Imagineer
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Simon Calder has just been on the telly saying that although the share price will make investors nervous the company is in a strong position to make it through the summer, into the winter and he expects for many years to come ( paraphrased). However he warned of self fulfilling prophecies, i.e. people cancelling or not booking because of the news.
Therefore his advice was don’t cancel and keep booking and TC will be fine
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Sequoia Lodge 2006,Sequoia Lodge 2008,Sequoia Lodge 2009,Old Key West 2010,Sequoia Lodge 2011,Old Key West 2012,Old Key West 2014,Royal Pacific Resort 2016,Anaheim 2016,Sequoia Lodge 2018,Beach Club 2019 |
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21 May 19, 10:40 AM |
#226
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VIP Dibber
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Edited at 11:15 AM. |
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22 May 19, 07:22 AM |
#227
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Imagineer
Join Date: Jun 16
Location: God's Own Country
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In fairness Simon Calder knows no more about finances of the company than the next man- he isn't a lender, has no idea I assume as to what the booking numbers now are etc. He doesn't know more than those who have lent to the company, who are now offloading their debt (bonds) at 50% value (i.e. taking a big hit to get their money back).
He is a travel journalist who has been constantly popping up and writing stories saying Thomas Cook will likely be fine, which they may be- if they sell the airline. As to cashflow, TC will now be relying on bookings, people commiting after paying small deposits. I have no idea how that is going but anecdotal evidence to me suggests not well. I'd have booked a cheap LA flight last week, I've decided no. My parents paid £80 deposit on a holiday, they have written it off. My pals who are going to Egypt are trying to book elsewhere. We will have to see how it all pans out, but my point is because Simon Calder says it's so, certainly doesn't mean it is. A positive in a way is that it has so much debt, if it can't keep going we may see a debt for equity swap with the lenders taking control.
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22 May 19, 08:32 AM |
#228
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Apprentice Imagineer
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Sequoia Lodge 2006,Sequoia Lodge 2008,Sequoia Lodge 2009,Old Key West 2010,Sequoia Lodge 2011,Old Key West 2012,Old Key West 2014,Royal Pacific Resort 2016,Anaheim 2016,Sequoia Lodge 2018,Beach Club 2019 |
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22 May 19, 08:50 AM |
#229
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Apprentice Imagineer
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I’m sure you are trolling but I’ll bite.
A small amount of those who lent money have sold their 2020 bonds, not the 2021 or 2022. This is expected considering the news. Citigroup ( who started the panic by announcing their valuation of the shares ) expect the debt to reduce from £1.3bn to £700m this summer. Ernst and Young (auditors ) expect Thomas Cook to get through this. You have anecdotal evidence. I’m sure Simon Calder has taken significant advice before commenting yet your anecdotal evidence is enough for you to keep coming on here and causing unrest and panic. It’s never been questioned that TC need to sell their airline. On here or in the press, however the figures show that until that point they can keep trading. You previously stated that the short term was the biggest worry. This has been proven to be the most unlikely situation. And I always love a bit of stealth boasting
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Sequoia Lodge 2006,Sequoia Lodge 2008,Sequoia Lodge 2009,Old Key West 2010,Sequoia Lodge 2011,Old Key West 2012,Old Key West 2014,Royal Pacific Resort 2016,Anaheim 2016,Sequoia Lodge 2018,Beach Club 2019 |
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22 May 19, 09:08 AM |
#230
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Imagineer
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