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[fiend61]

Could export Omega parts in the cargo hold of the planes

you could export complete cars 

[albitz]

No money in it.

[TheBoy]

As is usual with our appalling media, they are hell bent on trying to sensationalise a non-story in order to make out its a big thing. Its not.  Or at least wasn't until the useless crap media (likes of the BBC and the Daily Bullshit) made out they were going to go bust.

[albitz]

A major British company losing 80% of its share value in a single day isnt a non story.Its a very big story indeed.

[TheBoy]

A major British company losing 80% of its share value in a single day isnt a non story.Its a very big story indeed.

It WAS a non-story until the crap media started on it. And the excitable sheep who believe them.

[albitz]

Its a genuine newsworthy event.Nothing to do with sheep believing it.It lost 80% in a day - thats a fact.

[TheBoy]

Its a genuine newsworthy event.Nothing to do with sheep believing it.It lost 80% in a day - thats a fact.

It plummeted AFTER the media started reporting, as investers knew it was more in trouble due to media reports than it was from the (perfectly normal) extra loans required.

[albitz]

Afaik it plummeted when it became apparent on the markets that it was the thick end of a billion quid in debt.
They dont watch BBC news down in the square mile and then react accordingly.It happens a bit quicker than that.

[TheBoy]

Afaik it plummeted when it became apparent on the markets that it was the thick end of a billion quid in debt.
They dont watch BBC news down in the square mile and then react accordingly.It happens a bit quicker than that.

The £900m loans were long known about. They have had them for a while

The media never started on Thomas Cook when they took out those £900m, obviously they were too busy trying to sink Murdock and co then

Investers will, rightly, get jittery when the gutter press start putting the scare stories out, as that irresponsible trash reporting will be what is more likely to send them under.


Hopefully this current review going on will come out with a recommendation that the media have to report properly and accurately, as the current state of our UK media is a bloody disgrace, and a bloody embarrassment.

[albitz]

It was the fact that they went and asked to borrow more money on top of the £900 million that set the alarms off**.The institutional investors were dumping the shares by the millions (conversely,this morning,those who wanted to buy them couldnt because there simply werent enough floating around to satisfy demand).The city editors in media organisations then heard about it,and due to the fact that its a big household name it moved off the city pages to the front pages.Nothing wrong in that whatsoever imo.
The company is in deep trouble because it has been run in a very incompetent fashion for quite a while,the media reported the aftermath of the problems,they didnt cause them.
In the main I tend to agree about the British media,they are a rather disgrace,but I think your barking up the wrong tree blaming them for Thomas Cooks near collapse.

As for sinking Murdoch & co.The rot set in when Murdoch started building his rotten media empire in this country.After listening to many of the witnesses to the enquiry (Kate McCann in particular) Im quite happy to see the Murdochs sink to the bottom of the ocean with a concrete block tied to their ankles.

** Correction - It was more to do with the fact that the company announced that it was delaying announcing its results.

[TheBoy]

Kevin Wood - I need your 'bang head on brick wall' smiley

[albitz]

Na,you need the one that holds its hands up with "ok Im wrong" underneath.

[TheBoy]

Na,you need the one that holds its hands up with "ok Im wrong" underneath.

I honestly do not believe I am.

All the 'experts' are saying Thomas Cook are fine (well, struggling at moment, but not worryingly so), no (overly worrying) issues with financing. Some costs are one-off restructuring, plus closing many of those High Street outlets will cost a fortune, but will save massive amounts in subsequent years. Yup, £1b is a lot of wonga, but not when you consider turnover, and not that high for a business of that size


But I'm wise enough to know I'll never convince a stubborn Irishman

So based on that, I'm off to wash my hair, then watch some paint dry

[albitz]

OK then,maybe you will believe The Economist. It should be going bust,but due to the fact that it owes so much money and the Civil Avaition Authority will probably have to go under with it,the banks will be under pressure to give them one last throw of the dice - but it will probably be the last.

http://www.economist.com/node/21540271

[TheBoy]

OK then,maybe you will believe The Economist.

Doubt it.

I suspect the last 2 days will mean it stands a very good chance of going under - who will book with them now? Who would have been happy to book with them Tuesday? What's changed?


But then the British Media - all of it - are only happy when they are bringing down a British institution.