FYI: Some visual orientation.
Clearly this has implications beyond merely Germany and the automotive sector.
Read MoreThomas Cook released a short RNS this morning, stating negotiations are continuing and are in discussions with 50% of the bondholders. It appears that the Company
Read MoreThomas Cook are reportedly seeking another £150m on top of the £750m already announced.
Interestingly, Fosun’s share of investment under the
Read MoreOn the Beach Group have issued a trading Update this morning with profit warning for FY19 due to currency headwinds from Sterling weakness. This is not new news but acknowledgment
Read MoreThe company is requesting consent for an extension of the CVA long-stop-date of only another 10 days to allow for sufficient time to complete
Read MorePE are not replacing the position of HR director.
While the move in itself does not have any direct consequences on its own, any
Read MoreSales: $ 4.2bn, Adj. EBITDA $ 205m
At first sight Adient slightly beat our expectations. Adj. EBITDA however includes an unwind of
Read MoreOver the summer holiday Astaldi were admitted to the Concordato Preventivo on the basis of a binding offer from Salini - in line with previous communication.
Read MoreThoughts ahead of the Q3 financials and the call this afternoon (webcast):
Please find our analysis unchanged here.
Macro:
Read MoreDouglas have agreed to acquire 51% of Niche Beauty, a curated online shop of internationally selected beauty products.
Douglas have not quoted a price, but the
Read MoreNeset Kockar - Turkish hotelier and tourism airline operator is aggressively buying Thomas Cook shares. He crossed the 5% threshold last night and is now at 6.7%.
Tomas believes
Read MoreSlightly disappointed with first take on the numbers - Sales and EBITDA in line with guidance, disappointed that EBITDA was not marginally higher. Also disappointed that the
Read MoreSenvion will not emerge from insolvency anymore.
Senvion have switched form offering the company as going concern to an asset sale strategy,
Read MoreIceland Report their numbers tomorrow for Q1 with a call to follow at 1pm. Given previous guidance, we don’t expect much surprises for the actual results for Q1 with Sales c.
Read MoreThis should further highlight the desire of creditors to keep TCG as one Group in the immediate future. Fosun will want to carve out the Tour Operator for their capital injection but creditors should remain
Read Moreo from playing around further with our recap model, we come to the following conclusions:
1) At an assumed debt capacity of £1bn (excl. RCF) and a 100% write-down for the bonds, a minimum of
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