It appears bailout for Thomas Cook is diminishing according to Bloomberg.The group appealed to The UK government for help and no good news forthcoming.Last ditch talks Sunday morning.Company needs 200 million pounds on top of 900 million pounds from Fosun Group.If all fails it looks like all assets will be sold and the hotel booking side will be worthless. Forward TTV potentially may become zero.Not sure what net profit comes from Thomas Cook and hence the forward earnings impact and valuation. I don’t think this has totally been factored into share price . I hope Big John has some party tricks otherwise the shorters will be celebrating Grand Final and Melbourne Cup victory early
WEB Price at posting:
$11.51 Sentiment: Buy Disclosure: Held
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