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Forum: Terms and Endearment

15th Jul 2019, 15:20

Replies: 124

Thomas Cook-Beware

Views: 205,508

Posted By Jonty

From what I can see Thomas cooks net debts and...

From what I can see Thomas cooks net debts and net assets are about the same, so there’s no equity in the company.
But if they swap £1.5bn of debts into ownership of the company then the company’s...

Forum: Terms and Endearment

15th Jul 2019, 13:14

Replies: 124

Thomas Cook-Beware

Views: 205,508

Posted By Jonty

https://news.sky.com/story/a-rosy-future-for-thoma...

https://news.sky.com/story/a-rosy-future-for-thomas-cook-once-debt-noose-eased-11763476

Forum: Terms and Endearment

12th Jul 2019, 14:21

Replies: 124

Thomas Cook-Beware

Views: 205,508

Posted By Jonty

Your right about the £750m it’s coming from the...

Your right about the £750m it’s coming from the banks and Fosun. But it’s not for debt repayment. The debt will be written off by the bond holders and banks taking a large proportion of Thomas Cook...

Forum: Terms and Endearment

12th Jul 2019, 12:18

Replies: 124

Thomas Cook-Beware

Views: 205,508

Posted By Jonty

It’s Fosun putting in the extra £750m. The...

It’s Fosun putting in the extra £750m.
The company will remain listed until fosun decide wether they want to take the whole thing private and de-list. St that point there would be some value to the...

Forum: Terms and Endearment

12th Jul 2019, 09:39

Replies: 124

Thomas Cook-Beware

Views: 205,508

Posted By Jonty

As long as the deal goes through the company will...

As long as the deal goes through the company will be delisted from the stock exchange. The £300m will not be required as Thomas cook will have no debt as such, and will not be required to make...

Forum: Terms and Endearment

11th Jul 2019, 14:08

Replies: 124

Thomas Cook-Beware

Views: 205,508

Posted By Jonty

Its going to be a debt for equity swap. ...

Its going to be a debt for equity swap.

Thomas cook will survive, but shareholders probably face a beating.

Forum: Terms and Endearment

19th May 2019, 18:40

Replies: 124

Thomas Cook-Beware

Views: 205,508

Posted By Jonty

No, it’s just in the Nordics. And they are not...

No, it’s just in the Nordics. And they are not at this point withholding payment. They are in talks with Thomas cook about an extension to terms.
Hopefully it won’t come to that.

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