Neilson/Thomas cook
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Started by Tony_H in Ski Chatter 22-Nov-2011 - 45 Replies
Tony_H posted Nov-2011
Just heard Thomas cooks value has decreased by 50% overnight due to financial concerns; do we need to be cautious about booking a holiday through them?
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New and improved me
Ian Wickham
reply to 'Neilson/Thomas cook' posted Nov-2011
Just found this on the net ..... does not look good.
RNS Number : 5108S
Thomas Cook Group PLC
22 November 2011
22 November 2011
Thomas Cook Group Plc
Update
Thomas Cook Group plc announces that as a result of deterioration of trading in some areas of the business in the current quarter, and of its cash and liquidity position since its year end, the Company is in discussions with its principal lending banks with regard to its facilities during the seasonal low period of cash in the business.
While the Company currently remains in compliance with its financing covenants, it also intends to seek agreement from its lending banks to adjustments that will improve its resilience if trading conditions remain difficult.
As a result, the Company will delay its announcement of its full year results until these discussions are concluded. The Company expects to report a headline operating profit for the year ended 30 September 2011 broadly in line with previous guidance.
Enquiries:
Thomas Cook Group plc Investor Relations +44 (0) 20 7557 6414
Finsbury Faeth Birch +44 (0) 20 7251 3801
This information is provided by RNS
The company news service from the London Stock Exchange
RNS news service provided by Hemscott Group Limited.
RNS Number : 5108S
Thomas Cook Group PLC
22 November 2011
22 November 2011
Thomas Cook Group Plc
Update
Thomas Cook Group plc announces that as a result of deterioration of trading in some areas of the business in the current quarter, and of its cash and liquidity position since its year end, the Company is in discussions with its principal lending banks with regard to its facilities during the seasonal low period of cash in the business.
While the Company currently remains in compliance with its financing covenants, it also intends to seek agreement from its lending banks to adjustments that will improve its resilience if trading conditions remain difficult.
As a result, the Company will delay its announcement of its full year results until these discussions are concluded. The Company expects to report a headline operating profit for the year ended 30 September 2011 broadly in line with previous guidance.
Enquiries:
Thomas Cook Group plc Investor Relations +44 (0) 20 7557 6414
Finsbury Faeth Birch +44 (0) 20 7251 3801
This information is provided by RNS
The company news service from the London Stock Exchange
RNS news service provided by Hemscott Group Limited.
Admin
reply to 'Neilson/Thomas cook' posted Nov-2011
More info from the Guardian here.
I think the important bit is this :-
Definitely worth watching closely though.
Some interesting comments to the article above but I'd think a takeover would be a possible outcome?
I think the important bit is this :-
All customer orders are protected by the ATOL protection scheme and equivalent programmes
Definitely worth watching closely though.
Some interesting comments to the article above but I'd think a takeover would be a possible outcome?
The Admin Man
Nuttynutnut
reply to 'Neilson/Thomas cook' posted Nov-2011
Arent First choice linked to Thomas cook aswell??
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AVALANCHE EXPERT
IF I PASS YOU AT SPEED
ITS TIME TO PANIC
Iceman
reply to 'Neilson/Thomas cook' posted Nov-2011
Yeah, there is only a handful of actual TO
The Northern Monkey. Jan'23 Les Arcs
Nuttynutnut
reply to 'Neilson/Thomas cook' posted Nov-2011
Oh crap, they better not mess with my holiday in January or I will be extremely piste off.
www
AVALANCHE EXPERT
IF I PASS YOU AT SPEED
ITS TIME TO PANIC
Andyoneil
reply to 'Neilson/Thomas cook' posted Nov-2011
I do belive that Crystal is part of that group too - think Its only Inghams of the "high street TO" thats any different
Big problem may be that a lot of smaller TOs use Thomas Cook/First Choice charters
If you're not booked with Squeezyjet/jet2 etc than now may be the time
Big problem may be that a lot of smaller TOs use Thomas Cook/First Choice charters
If you're not booked with Squeezyjet/jet2 etc than now may be the time
Iceman
reply to 'Neilson/Thomas cook' posted Nov-2011
Thay cancel all our holidays and we cant go. Then there is a huge dump of snow :oops:
The Northern Monkey. Jan'23 Les Arcs
Topic last updated on 24-November-2011 at 17:17