Originally Posted by
DanAir89
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.
I got my fingers burnt with the Flybe fiasco, wondering if its worth using my paltry one pence per share I was paid, having a punt on Thomas Cook.