I agree, the share price fall appears like an over reaction. Don’t for get the full impact of Thomas Cook will not be impacting us until June next year as we are still in a earnings transition phase (if it am interpreting the annual report correctly
page 16 of annual report
The transition phase (during which we recognise no revenue from sales made to Thomas Cook) is due to end in May 2019 and from 1 June 2019, we will switch to a volume based earning arrangement which ioffers significant revenue and EBITDA potential.
IMHO
regard Inda
Web Chart, page-298
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