Eine Diskussion zu THOMAS COOK GRP/Arcandor???? A0MR3W (Seite 2613)

[holdriho]

stay in may, don't go away and trust in: TC UK

[mhalb]

Antwort auf Beitrag Nr.: 43.134.404 von Fortectionaer am 08.05.12 10:28:46

Ich hoffe Dir geht einer ab wenn Du den Mist so hämisch von Dir gibst, so hat dann wenigstens einer was von Deiner substanzlosen Schreiberei.

Gib dem Papier doch ein wenig Zeit. Ich bin jetzt rund 6 Monate dabei und stehe rund 40 % im Plus, wo bekomme ich sonst so viel Rendite?

[Fortectionaer]

Die Telefonkonferenz scheint nicht so gut zu laufen, wenn wir in London schon wieder unter 23 Pence notieren.

[blinki]

Zitat von Fortectionaer: So, nun sind wir wieder im roten Bereich. Da wird wohl bei einigen Ernüchterung eintreten.
War doch auch nicht anders zu erwarten.

Hier gehen jetzt einige raus, die seit längerem dabei sind und keine Geduld aufbringen.
Ganz normale Situation.
Es werden in den nächsten Tagen und Wochen vermehrt NEWS kommen und wenn das eintrifft und es werden nur halbwegs positive Aussichten kommuniziert bzgl. der Buchungszahlen (vor allem Olypia nicht vergessen) dann wird der Kurs sich auch nachhaltig in die richtige Richtung bewegen.
Und wenn es auch nur 1 oder 2 % pro Tag sind, TCG hat potential!!!!

[berma]

Kann mir gut vorstellen, das heute noch ne Menge geht. Denn zur Zeit findet dies statt:

Eine Telefonkonferenz findet für Analysten und Investoren am Dienstag, 8. Mai 2012, statt um 8 Uhr (BST).
Einwahlnummer [phone]
Passwort Thomas Cook
Replay-Nummer [phone]
Replay Einwahlnummer 7664590

Hier wird man die Vereinbarungen zu kommunizieren wissen. Investoren werden entsprechend handeln. Schaun mer mal.

[Fortectionaer]

So, nun sind wir wieder im roten Bereich. Da wird wohl bei einigen Ernüchterung eintreten.
War doch auch nicht anders zu erwarten.

[Fortectionaer]

Kurs wie von mir erwartet knapp unter 0,30 Euro.
Ich rechne nun wieder mit einer Seitwärtsbewegung und einem Rückgang des Kurses auf ein Niveau von 0,27 Euro.

Erst wenn nachhaltig erkennbar ist, dass TC wieder profitabel ist, rechne ich mit deutlich höheren Kursen.

[joey2011]

Warten wir mal ab....

[Hamburgspook]

Hier nun die offizielle TCG Pressemeldung:

RNS Number : 8177C
Thomas Cook Group PLC
08 May 2012



5 May 2012



Thomas Cook Group plc



New Longer Term Financing Agreed





Thomas Cook Group plc is pleased to announce that it has agreed a new financing package with its lenders which extends the maturity of its financing until 31 May 2015 and provides further stability to the business.





· £1.4bn refinancing package agreed with extended maturity until 31 May 2015;



· No fixed repayments;



· Revised financial covenants which offer greater financial flexibility;



· Net proceeds from certain disposals will be retained by the Group to provide significant additional liquidity;


· Strategic review concluded.






Sam Weihagen, Group Chief Executive Officer of Thomas Cook Group commented:



"Today's announcement highlights the confidence our lenders have in Thomas Cook and we are delighted that they have demonstrated their on-going support. We continue to make good progress in strengthening the Group's financial position, and our disposal plans, including an aircraft sale and leaseback, are proceeding well. These actions are an important step in the journey to strengthen confidence and ensure that the Thomas Cook Group will continue to provide customers with wonderful travel experiences for years to come."







Frank Meysman, Group Chairman of Thomas Cook Group commented:



"I would like to personally thank Sam Weihagen, Paul Hollingworth and the team for the actions that they have taken and continue to take to strengthen the Group's financial position. This bank agreement, together with these actions, places Thomas Cook on a much firmer footing. The search for a long-term Group CEO is progressing well. "





Bank Facility Amendment



The existing facilities of £1.4bn comprise a £150m amortising term loan, an £850m revolving credit facility, a £200m liquidity facility agreed in November 2011 and a £200m bonding and guarantee facility. The terms will be amended to extend the maturity on all these facilities until 31 May 2015 with no fixed repayments. In addition, the Group will now retain the proceeds of certain disposals which will increase liquidity. Revised financial covenants, which offer greater financial flexibility, have been agreed.



The interest margin on the £200m liquidity facility is unchanged. The interest margin over LIBOR on the other facilities will increase to 3.50%. The banks will be entitled to an amendment fee of 1% and will be granted warrants to subscribe for new ordinary shares (representing approximately 5% of the issued share capital of Thomas Cook Group plc) at an exercise price of €0.10 per share. In addition, the warrants issued in December 2011 will be re-priced to the same exercise price. Further details of the terms of the bank facility amendment are outlined in the notes to this announcement.







Strategic Review



The Board has now completed its strategic review of the Group, the primary purpose of which has been to provide a stable platform for recovery and consider further actions to reduce debt.

The outcome of the strategic review is a stabilisation plan which brings together a range of existing actions and new initiatives focused around the following key areas:



· Continuing to drive the turnaround of our UK business;



· Build on the solid performance in our Northern and German businesses;



· Address our under-performing businesses, particularly in Canada, France and Russia;



· Reducing debt and improving the resilience of our financing and capital structure through asset disposals, the proposed sale and leaseback of aircraft and minimising our financial commitments;



· Stabilising our capital structure through the agreement of longer dated more flexible facilities as announced today.





Turnaround of our UK business



In our interim management statement on 8 February 2012, we described the actions we are taking to turnaround our UK business. Implementation of the plan is underway and progressing well.





Building on the solid performances in our Northern Europe and German businesses



Our businesses in Northern Europe and Germany have continued to perform well in difficult market conditions, and provide a stable cash flow to the Group. We believe there is scope for further improvement, through actions such as building on their strong market positions, increasing online distribution, and focussing on further cost control. We are carefully managing the capacity and pricing of these performing businesses, and re-examining the cost base across all their operations.





Improving under-performing businesses



The performance of our businesses in Canada, Russia and France are disappointing and we believe that there is substantial scope to improve the results of these businesses.



Our Mainstream business in Canada had a poor year in 2011 and a very weak Winter 11/12 season. We have undertaken management changes and have taken action to reduce commitments to minimise fixed costs and manage over-capacity. The results of our Russian business, which we acquired on 12 July 2011, have been impacted by MENA as Egypt is an important destination for this market. We have recently implemented management changes and put the business under our Central Europe management team, who have developed a comprehensive action plan to reduce costs and better manage capacity. The French market has suffered considerably from the impact of MENA. We changed the senior management team in 2011 and are working on improving performance in this market, however market conditions remain very challenging.





Disposals



The Group is at an advanced stage in the negotiation of a sale and leaseback of between 17 and 19 aircraft for which shareholder approval is expected to be sought in May 2012. The proceeds will be retained by the Group and will provide significant additional liquidity.



We continue to advance our non-core asset disposal programme. To date we have announced disposals generating circa £135m reduction in net debt, including most recently the disposal of our Explorers Hotel in France. We expect to seek shareholder approval for the disposal of HCV hotels in May 2012.



Having received a good level of expressions of interest for our Indian business, we have begun the next stage of the process with a number of interested parties which involves due diligence and management presentations.





Stabilise our capital structure



We are delighted to have agreed this refinancing which we believe will stabilise our capital structure, providing committed capital for the next three years, and the flexibility to repay our debt when we are able to do so, rather than through fixed repayments.







Shareholder approval



The disposal of HCV hotels and the proposed aircraft sale and leaseback are key parts of our stabilisation plan. A circular will be published shortly seeking shareholders' approval for these transactions at a General Meeting later in May.






Enquiries:



Analysts & Investors - Thomas Cook Investor Relations

Louise Bryant [phone]

Kathryn Rhinds [phone]



Media - Finsbury

Faeth Birch [phone]

[phone]







Conference Call:



A conference call will be held for analysts and investors on Tuesday 8 May 2012 at 8am (BST).



Dial in number [phone]

Password Thomas Cook



Replay number [phone]

Replay access number 7664590








Notes to editors:



1. Key terms of new bank facility





Bank facility maturity

31 May 2015





Facilities

£150m term loan

£850m revolving credit facility

£200m bonding facility

£200m liquidity facility





Bank margin

3.5% on £150m term loan, £850 RCF and £200m bonding

No change on £200m liquidity facility





Repayments

No fixed repayments

Cash sweep mechanism to be applied





Cash sweep

Applied in March 2013 and March 2014

Excess cash above £250m applied to reduce the credit facilities

In the event that cash sweep payments are less than £100m in each year, the Group will be required to pay a fee of up to 2.0% of total facilities outstanding, payable at final maturity





Disposals

Proceeds of disposals, including the disposal of TC India to be used to reduce banking facilities

Proceeds of the sale of HCV and the proposed sale and leaseback of aircraft to be retained by the Group





Security

£200m liquidity facility is secured

All other financing under these facilities is unsecured and ranks pari passu





Amendment fee

1% fee on the total facilities





Warrants

New warrants granted over 5% of issued share capital at €0.10, exercisable until May 2015

Strike price for warrants issued in November amended to €0.10





Other terms

£200m of the £850m revolving credit facility will not be available for utilisation between July and September

Flexibility to use part of the £850m revolving credit facility for bonding during the summer months













Covenant test dates

Quarterly on rolling 12 month basis













Leverage covenant

Jun 2012

4.50x



Sep 2012

4.25x



Dec 2012

6.10x



Mar 2013

5.25x



Jun 2013

3.75x



Sep 2013

3.55x



Dec 2013

4.70x



Mar 2014

4.15x



Jun 2014

3.25x



Sep 2014

3.10x



Dec 2014

4.35x



Mar 2015

4.05x













Fixed charge covenant

Jun - Dec 2012

1.35x



Mar 2013

1.40x



Jun 2013

1.50x



Sep 2013

1.60x



Dec 2013

1.65x



Mar 2014

1.70x



Jun 2014

1.75x



Sep 2014 - Mar 2015

1.80x











2. Indicative timetable







Today



Proposed bank facility amendments announced

Mid May





Post circular to shareholders regarding General Meeting to seek approval for HCV hotels disposal and proposed aircraft sale and leaseback



End May





General Meeting of shareholders to obtain approval for HCV hotels disposal and proposed aircraft sale and leaseback

End May



Half year results to follow shareholder approval for HCV hotels disposal and proposed aircraft sale and leaseback








This information is provided by RNS
The company news service from the London Stock Exchange

END


MSCEAPSXEEPAEEF

[Hamburgspook]

Antwort auf Beitrag Nr.: 43.133.945 von Marvin84 am 08.05.12 09:25:56

Jepp, habe ich mir heute mehr von erwartet.
Da wird selbst die Meldung des neuen CEO nicht mehr sehr viel bringen. Das Ding schwenkt erst um wenn TCG beweist, dass Sie langfristig Ihr Geschäft/Kosten in den Griff bekommen.