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Old 21 May 19, 09:09 AM  
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#221
JoJoBell
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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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Old 21 May 19, 09:31 AM  
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#222
Bugsy
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Originally Posted by YorkshireT View Post
Going down before my eyes, now 8 pence odd- carnage.
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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Old 21 May 19, 09:35 AM  
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#223
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Originally Posted by JoJoBell View Post
We fly a week today and have to admit I am a bit anxious

Think this week is going to drag
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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Old 21 May 19, 09:37 AM  
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Originally Posted by Bugsy View Post
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.
Yes things are definitely looking up!
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Old 21 May 19, 09:57 AM  
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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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Old 21 May 19, 10:40 AM  
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Originally Posted by Bugsy View Post
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
Simon Calder I love you

Edited at 11:15 AM.
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Old 22 May 19, 07:22 AM  
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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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Old 22 May 19, 08:32 AM  
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Originally Posted by YorkshireT View Post
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.
What a delight you are
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Old 22 May 19, 08:50 AM  
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#229
Bugsy
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Originally Posted by YorkshireT View Post
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.
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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Old 22 May 19, 09:08 AM  
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#230
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Originally Posted by YorkshireT View Post
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.
You're really enjoying this aren't you? Most of us feel sorry for those affected but you just love making people feel worse.
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