The company lost $43m in cash (2.5% of its valuation) and $7m-$14m in EBITDA ($7m just reported now) or $5m to $10m in NPAT.
NPAT was forecast to be over $30m higher than FY19 (ex TC) if you factor in TTV increase of 50% ex TC.
Still a massive increase in NPAT (~$20m-$25m YOY) or 25% to 30%. We are probably trading at a P/E ratio of < 15. Bargain.
Ann: Impact of Thomas Cook entering Compulsory Liquidation, page-22
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