Thomas Cook

[MK Shrimper]

Hope none of you have 2012 holidays booked with them. Looks like they're become the latest victim of the financial turmoil.

http://www.telegraph.co.uk/finance/...es-collapse-as-financial-troubles-unfold.html

 

[bucket&spade.f.c]

Hope none of you have 2012 holidays booked with them. Looks like they're become the latest victim of the financial turmoil.

http://www.telegraph.co.uk/finance/...es-collapse-as-financial-troubles-unfold.html

Yes read this in the sun, I am a little worried as again Englandfans have teamed up with Thomas cook as offical travel to the next campaign

 

[BrettieAngell]

We've got a trip to Bruges booked for Easter with them. Only paid the deposit so far but due to pay the rest soon-ish. :'(

 

[Eastblack]

Holidays should be covered by ATOL though shouldn't they? Isn't that the point of ABTA & ATOL etc? I've no holidays booked through them, but I would imagine that any money paid so far would be either safe, or reclaimable in some way.

 

[South Bank Hank]

Thomas Cook given new access to funds

Question for any of you share traders/speculators...

Given that shares in the business fell 75% last week, is now a great time to speculate or will the new cash availability just stabilise the business for a period of time before it runs out again? Surely the episode will have smashed consumer confidence in the brand?

 

[Forever A Shrimper]

Agree with South Bank. They phoned me up at work today and while they were desperately (and I mean desperately) trying to persuade me to book my lads holiday with them for next year, I had enough time to get their Reuters Share Price up in front of me and just point blank refused. She started giving me a lecture about the policy of ABTA/ATOL - then I explained the concept of share price. She hung up.

 

[RobM]

What has the share price to do with ABTA? ABTA are the guarantee for package hol's, ATOL (Air Tour Operator's Licence) only guarantee flights. As I understand it, travel agents and flight only's pay into a bond to cover possible collapse.

 

[Mad Cyril]

I just hope the Redknapps holiday plans haven't been FITA by this.

 

[SUFCDaveDave]

Agree with South Bank. They phoned me up at work today and while they were desperately (and I mean desperately) trying to persuade me to book my lads holiday with them for next year, I had enough time to get their Reuters Share Price up in front of me and just point blank refused. She started giving me a lecture about the policy of ABTA/ATOL - then I explained the concept of share price. She hung up.

What exactly are you agreeing with? South Bank asked a question.

I'd have hung up on you as well. Your obvious arrogance in thinking how it works would be amusing, if it were not so serious. Thousands of jobs are on the line if the public do not support and get behind this company.

Given the stupidity of the opening scaremongering post, it's no wonder businesses are disappearing off the highstreet. If everyone actually got behind this great British business, it would ride out this rough patch.

 

[Hotman]

What exactly are you agreeing with? South Bank asked a question.

I'd have hung up on you as well. Your obvious arrogance in thinking how it works would be amusing, if it were not so serious. Thousands of jobs are on the line if the public do not support and get behind this company.

Given the stupidity of the opening scaremongering post, it's no wonder businesses are disappearing off the highstreet. If everyone actually got behind this great British business, it would ride out this rough patch.

Bet you also bought Zavvi gift vouchers to help keep them afloat? Might as well get a tattoo saying "mug" on your forehead...

 

[Forever A Shrimper]

What exactly are you agreeing with? South Bank asked a question.

I'd have hung up on you as well. Your obvious arrogance in thinking how it works would be amusing, if it were not so serious. Thousands of jobs are on the line if the public do not support and get behind this company.

Given the stupidity of the opening scaremongering post, it's no wonder businesses are disappearing off the highstreet. If everyone actually got behind this great British business, it would ride out this rough patch.

The bit that clearly says "Surely consumer confidence has now been smashed in the brand." Then went on to explain why my confidence has been smashed in the brand...

Thousands of jobs are on the line, yes - I'm sorry if I sound like selfish and 'arrogant' but why would I chance my hard-earned money on the thought that "i might save the day" - I'd only do this if there was a massive public movement towards saving Thomas Cook. I'm not a one-man-army.

You say you'd have hung up on me as well, and that I'm arrogant. But share price is a pretty self explanatory process...

 

[OldBlueLady]

I remember Thomas Cook being part of the Midland Bank Group, and a very highly respected company. I think that a lot of tour operators have found it harder to succeed since they took on the flight part of the holiday too, although at the time they did, they probably needed to then to survive. Remember the old days of flying Dan Dare to go on my Thomas Cook holidays.

 

[SUFCDaveDave]

But share price is a pretty self explanatory process...

Whether you understand share price or not, it's irrelevant. Package holidays are guaranteed by an independent body. Whether the share price collapses to zero today makes no difference - it's still under guarantee.

I thought this country may have learnt a lesson after witnessing the Northern Rock fiasco, however it appears not. It's scaremongering threads like these (all over the country and in the press), which in my opinion should be a criminal offence.

As for South Banks actual question, in my opinion after securing funding for 18 months the share price will begin to rise. It is without doubt a risky investment though. You could easily double your cash, however at the same time theres a big chance you will possibly lose the lot if confidence (or understanding) in the brand does not turn around asap.

 

[SUFCDaveDave]

Bet you also bought Zavvi gift vouchers to help keep them afloat? Might as well get a tattoo saying "mug" on your forehead...

I do find it amusing how seasond posters like you persistently get away with personal abuse.

Clearly you are struggling to understand the concept of a guarantee too. Zavvi was going to the wall no matter what happened and a completely different animal to Thomas Cook. There were no guarantees for their products. If the government had come out and stated they were prepared to underwrite their business (which IMO they correctly didn't) it should have saved them (in the short term at least) to turn the business around. However it would not have worked as the average British public have already shown they do not understand what underwriting actually means for them as an individual. It's a great shame you resort to cheap jibes to cover up your lack of basic understanding.

 

[Hotman]

I do find it amusing how seasond posters like you persistently get away with personal abuse.

Clearly you are struggling to understand the concept of a guarantee too. Zavvi was going to the wall no matter what happened and a completely different animal to Thomas Cook. There were no guarantees for their products. If the government had come out and stated they were prepared to underwrite their business (which IMO they correctly didn't) it should have saved them (in the short term at least) to turn the business around. However it would not have worked as the average British public have already shown they do not understand what underwriting actually means for them as an individual. It's a great shame you resort to cheap jibes to cover up your lack of basic understanding.

Ok - I've got two choices. I book a holiday through a solvent company, and go on holiday.

Or, I book a holiday through a company that I know is in the ****, who will attempt to accelerate payment, and will try to upsell me. If they go out of business, I will then need to apply to ABTA for a claim on the bond, gather together all the paperwork. Hopefully this is sufficiently in advance so that I can contact the tour operator, and ensure that they maintain the booking for me as they haven't been paid. Then, I might have a holiday, that my family have looked forward to, or possibly a refund, I don't know.

I know what my choice is. Don't think I'm the one struggling to understand any concepts.

 

[DTS]

I am with C here totally. As soon as the consumers get a whiff of trouble they run a mile.

Why go to the hassle of trying to claim back the money rather than book with someone who hasn't got any reported issues. I worked at Unijet when I was 18 and I can tell you that whilst ABTA guarantees to get you home if your out there when your company collapses they don't pay for a new flight often they just use additional capacity from other operators meaning you can be out there longer than expected. Sent to any uk airport then bused home etc. Or you could just book with someone else.

In response to Hanks point this I would say is a huge risk investment. If you looking to invest in them you may as well go to the casino and put all your money on red or black?

Personally I think now is an amazing environment to invest money on long term but I would do it via an OEIC/ Unit Trust/ Life Assurance Bond etc. All of which you can get access to with fund recommendation from a good IFA if you know one?

 

[Hotman]

I am with C here totally. As soon as the consumers get a whiff of trouble they run a mile.

Why go to the hassle of trying to claim back the money rather than book with someone who hasn't got any reported issues. I worked at Unijet when I was 18 and I can tell you that whilst ABTA guarantees to get you home if your out there when your company collapses they don't pay for a new flight often they just use additional capacity from other operators meaning you can be out there longer than expected. Sent to any uk airport then bused home etc. Or you could just book with someone else.

In response to Hanks point this I would say is a huge risk investment. If you looking to invest in them you may as well go to the casino and put all your money on red or black?

Personally I think now is an amazing environment to invest money on long term but I would do it via an OEIC/ Unit Trust/ Life Assurance Bond etc. All of which you can get access to with fund recommendation from a good IFA if you know one?

I know a cracking firm. Heard you're not too bad either x

 

[Tangled up in Blue]

Shrimper Zone should be renamed as self promotion zone.:winking:

 

[MK Shrimper]

Shrimper Zone should be renamed to self promotion zone.:winking:

If you need some Train Modelling done, let me know. I'm not much good with Airfix glue though and I get the little transfers stuck in the wrong place.

 

[Tangled up in Blue]

If you need some Train Modelling done, let me know. I'm not much good with Airfix glue though and I get the little transfers stuck in the wrong place.

Lol.:winking: