CI Posted November 23, 2011 Share Posted November 23, 2011 Thomas Cook on the brink Link to comment Share on other sites More sharing options...
TrentVilla Posted November 23, 2011 Moderator Share Posted November 23, 2011 Thomas Cook will survive and are supposed to already have finance in place or at least potential offers of finance anyway. They will restructure, close a large number of their stores and focus more on their online business, I can't even remember the last time I went to a travel agents other than to get brochures before booking on line. Anyone who fancies a punt should buy their shares because the 75% drop in value is nothing more than reactionary panic and they will recover, perhaps not their full value but sufficiently enough to make a nice profit I'd imagine. Link to comment Share on other sites More sharing options...
tonyh29 Posted November 23, 2011 Share Posted November 23, 2011 70% drop on this year , followed a 50% drop the previous year i bleive ?? .. they are now a company with negative assets paying large, increasing amounts of interest ...TC only renegotiated their loan a month ago and they need a massive turnaround to survive .. the sting being are customers going to risk booking a holiday through Thomas Cook ? long road ahead for them ... Link to comment Share on other sites More sharing options...
CI Posted November 23, 2011 Share Posted November 23, 2011 I thought the same about woolworths when their shares fell to 5p Look how that ended Link to comment Share on other sites More sharing options...
CI Posted November 23, 2011 Share Posted November 23, 2011 Germany has failed to sell on some of it's debt today Looks like they're getting sucked into the crisis Link to comment Share on other sites More sharing options...
kidlewis Posted November 24, 2011 Share Posted November 24, 2011 so it comes out that NR had to be sold by 2013 and has been sold for £747m. bet Darling and Brown wish they accepted the £1.5bn they were offered in 2007 :S but obviously heading towards election time, selling for a lot more but resulting in job losses was bad for their Party PR. why did they put a time limit on the selling of NR? isn't that bloody stupid? Link to comment Share on other sites More sharing options...
peterms Posted November 24, 2011 Share Posted November 24, 2011 so it comes out that NR had to be sold by 2013 and has been sold for £747m. bet Darling and Brown wish they accepted the £1.5bn they were offered in 2007 :S but obviously heading towards election time, selling for a lot more but resulting in job losses was bad for their Party PR. why did they put a time limit on the selling of NR? isn't that bloody stupid? I don't quite follow. NR was nationalised at a cost of £1.4bn in 2008. Shareholders considered the price too low, and sought to challenge it. The terms set by the EU, who apparently had to agree, were that it must be denationalised by 2013. Where do you get this stuff about Brown turning down a price twice what Osborne is now selling it for? Link to comment Share on other sites More sharing options...
CI Posted November 24, 2011 Share Posted November 24, 2011 One things for sure Branson has got a bargain Link to comment Share on other sites More sharing options...
snowychap Posted November 24, 2011 Share Posted November 24, 2011 Saw on the news earlier that Cooks the Bakery have gone in to administration, too. Link to comment Share on other sites More sharing options...
coda Posted November 24, 2011 Share Posted November 24, 2011 Saw on the news earlier that Cooks the Bakery have gone in to administration, too. They must've run out of dough. Link to comment Share on other sites More sharing options...
blandy Posted November 24, 2011 Moderator Share Posted November 24, 2011 Aye, short of Bread. Link to comment Share on other sites More sharing options...
Juju Posted November 24, 2011 Share Posted November 24, 2011 Was that all they kneaded to keep going? Link to comment Share on other sites More sharing options...
blandy Posted November 24, 2011 Moderator Share Posted November 24, 2011 Things ain't what they yeast to be in the bakery business. Link to comment Share on other sites More sharing options...
VILLAFC2000 Posted November 24, 2011 Share Posted November 24, 2011 One things for sure Branson has got a bargain Hmmm I wander why.....?! which party did Branson donate lots of money too? It was Georgie Porgie and his chum David. Now Dave and Gideon are paying him back with our money. They've nationalised the debts and privatised the profits! Link to comment Share on other sites More sharing options...
Risso Posted November 24, 2011 Share Posted November 24, 2011 One things for sure Branson has got a bargain They've nationalised the debts and privatised the profits! What a highly original observation, come up with that yourself did you? Link to comment Share on other sites More sharing options...
VILLAFC2000 Posted November 24, 2011 Share Posted November 24, 2011 why do you ask that? Link to comment Share on other sites More sharing options...
Awol Posted November 25, 2011 Share Posted November 25, 2011 They've nationalised the debts and privatised the profits! Sorry, who nationalised the banking sector debts? Was it Mr Cameron or Mr Brown? Link to comment Share on other sites More sharing options...
kidlewis Posted November 25, 2011 Share Posted November 25, 2011 Yeah because Branson would buy the part of the business that is comPletely failing. Doing things like that is why he's such an awesome entrepreneur Link to comment Share on other sites More sharing options...
peterms Posted November 25, 2011 Share Posted November 25, 2011 Things ain't what they yeast to be in the bakery business.What are you trying to prove? Link to comment Share on other sites More sharing options...
thetrees Posted November 25, 2011 Share Posted November 25, 2011 Things ain't what they yeast to be in the bakery business.What are you trying to prove? I think that he is just trying to get a rise out of you Link to comment Share on other sites More sharing options...
Recommended Posts