Originally Posted by
daz211
The share price has dropped to just 10p a share, I’m struggling to decide to sell or buy a whole load more.
it must be a very troubling time for all staff and passengers waiting to travel on their summer holidays.
im not saying this is the end of Thomas Cook just a very worrying time for all involved.
I bought some at 50p thinking they wouldn’t go any lower! So not really too reliable here but...
I think the analyst report estimated that the enterprise value was the same as the debt so no equity value.
While unusual/worrying for a listed company it’s quite common in the private equity world.
Its if the debt holders don’t get their money back then it’s dire straights.
the massive loss re my travel write down is an accounting thing only and not cash flow so hopefully there is a rabbit in a bag somewhere waiting to be pulled out.