|Bid||12.06 x 200000|
|Ask||12.15 x 130000|
|Day's range||9.87 - 12.28|
|52-week range||8.40 - 127.50|
|Beta (3Y monthly)||0.54|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.01 (2.07%)|
|1y target est||49.49|
Updates from these two companies have seriously damaged their share prices, so are they stocks to buy now for their recovery prospects?
Here are six factors that may determine whether the company that invented the package holiday in Victorian England will be helping Europeans to get a tan in summer 2020 -- or be putting its feet up for good. Thomas Cook revealed in February that it was looking to raise cash by selling airline operations that carry 20 million passengers a year from the U.K., Germany and Scandinavia to the Mediterranean and other holiday sunspots. The fleet of about 100 jets flew 90% full in 2018, generating 3.5 billion pounds ($4.5 billion) in revenue and 129 million pounds in underlying earnings, with Deutsche Lufthansa AG, Virgin Atlantic Airways Ltd. and Ryanair Holdings Plc said to be taking a look.
The bonds hit a record low and the shares have fallen as much as 60% in three trading days as Sky News reported that a payment intermediary would be witholding money from the Thomas Cook. The maturing in 2022 tumbled 14 cents on the euro to 33.36 cents, based on data compiled by Bloomberg. A payment company working with Thomas Cook in the Nordic region is in talks to extend to several weeks instead of two days, the period for which it retains payments for trips, Sky News reported without saying how it got the information.
This appears to be headed only one way for long-suffering equity holders. The crisis of confidence comes after Thomas Cook made a cautious statement about its profit last Thursday. Thomas Cook has been in discussions with its suppliers over the past few days to reassure them about its financial position.
Payment firms are seeking to hold on to millions of pounds of customers' money owed to Thomas Cook Group in a move which underlines the financial pressures afflicting the 178-year-old tour operator. Sky News has learnt that a payment intermediary which works with Thomas Cook in the Nordic region - a significant part of the company's operations - is in talks to extend the period for which it retains holidaymakers' cash from two days to several weeks. In Thomas Cook's case, the Nordic situation is likely to have an impact on its short-term cashflows.
Thomas Cook has seen its shares plummet by a further 40% after banking analysts cut their target price on the holiday firm's stock to zero. Citigroup downgraded its rating to "sell" in the wake of the latest profit warning by the world's oldest travel company, which had already led to a fall in its shares of almost 15%. It came a day after Thomas Cook reported a half-year loss of £1.46bn as it counted the cost of Brexit uncertainty causing UK consumers to delay holiday plans.
The FTSE 100 lost 0.1%, but still bagged weekly gains after a turbulent few sessions largely dominated by global trade relations. The FTSE 250 slipped 0.2%. Online takeaway service Just Eat tumbled 8.2%, its steepest one-day decline in more than a year, after rival Deliveroo said it had gained Amazon's backing in a $575 million funding round.
Thomas Cook Group shares lost a quarter of their value on Friday and bonds hit a record low after Citi downgraded its rating to 'sell' and cut its target price on the stock to zero, in the wake of the company's latest profit warning. Thomas Cook issued its third profit warning in less than a year on Thursday, saying discounting and higher fuel and hotel costs would hurt it during the peak summer season.
Thomas Cook Group shares sank by nearly a third on Friday and bonds hit a record low after Citi downgraded its rating to 'sell' and cut its target price on the stock to zero, a day after the company's latest profit warning. Shares in the world's oldest travel company, battered by fading demand for its package holidays and high levels of debt, hit their lowest since July 2012 and were on track for their biggest one-day drop since November 2011. The cost of credit default swaps, a form of insurance against default, rose to 51% in upfronts from 48% on Thursday.
By Muvija M and Yadarisa Shabong (Reuters) - Rallying banks and mining stocks lifted Britain's FTSE 100 on Thursday, but weak earnings hit luxury brand Burberry (BRBY.L) and Thomas Cook (TCG.L) was floored ...
British travel group Thomas Cook issued its third profit warning in less than a year on Thursday, sending shares tumbling to a 6-1/2 year low as it said discounting and higher fuel and hotel costs would hurt it during the peak summer season. Thomas Cook said it had received multiple bids for its airline unit, but this was overshadowed by what Chief Executive Peter Fankhauser called a "difficult trading environment" despite a delay to Britain's exit from the European Union. "With a lot of holidays left to sell across the market, there are high levels of discounting at this early stage of the season... This is putting further pressure on margins," Fankhauser told reporters, adding that a delay to Brexit from March 29 until October had brought no respite.
The travel agent is struggling to shore up investor confidence, and had positive things to say on Thursday: it said it had arranged 300 million pounds ($384.8 million) of extra funding and had received multiple bids for its airline. As I have argued, putting Thomas Cook onto a firmer footing means ensuring greater financial flexibility, selling its airline and improving sales. It will be available for just nine months, and principally serves as a bridging loan to see the company over its winter slump if it has agreed to sell the airline but not yet completed the transaction.
Chief Executive Officer Peter Fankhauser warned that the firm, which invented the package holiday almost 180 years ago, is grappling with an uncertain environment across all markets. Last year’s European heatwave undermined demand for “winter-sun” holidays, while British customers are continuing to delay travel plans and bookings from Germany have weakened, the U.K. company said. Fankhauser said there have been multiple bids for all or part of the airline, some of them “credible,” while declining to discuss how much the 100-plane operation might raise.
Shares and bonds in Thomas Cook Group Plc plunged and the cost to insure corporate debt jumped on Thursday after the British travel company's latest profit warning, renewing debt worries even as the company ...
The FTSE 100, which is heavy with dollar-earners, inched 0.1% lower at the end of its worst week since early December, as a drop in drugmaker AstraZeneca also dragged. British Airways owner IAG advanced 1.9% after it posted quarterly profit in line with expectations.
* European stocks rise, while U.S. stocks continue to fall * U.S.-China trade talks ongoing, investors pin hopes on resolution * Thyssenkrupp set for best day ever as co aims at elevator biz spin-off * ...
The chief executive of British Airways owner IAG ruled out bidding for Thomas Cook's airline unit on Friday, a day after rival Virgin Atlantic was reported to be interested in part of the business. Lufthansa and private equity fund Indigo Partners are seen among the front-runners for Thomas Cook's airlines after the firm put it up for sale in February, to raise cash after a string of profit warnings in 2018. IAG had previously been linked with the business, but on Friday, Chief Executive Willie Walsh said that his firm had not made a bid.
International Airlines Group, the parent company of British Airways and Iberia, isn’t going to take part in the bidding battle for Thomas Cook’s airline operations. Despite buying up a number of airlines in recent years and taking a serious look at Norwegian, CEO Willie Walsh distanced himself from getting involved with anything else at the […] The post British Airways Parent Isn’t Interested in Buying Thomas Cook’s Airlines appeared first on Skift.
* European stocks jump, attempting recovery after dire week * U.S.-China trade talks ongoing, investors pin hopes on resolution * Thyssenkrupp set for best day in decade as co aims at elevator biz spin-off ...