Updates

Thomas Cook - Gain since recommendation: 201%

July 2013

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Shares in package holiday specialist, Thomas Cook, one of our Naps for 2013, could embark on another exciting upward leg following a successful refinancing, which has significantly improved its financial well-being. The group has raised Â£425m comprising Â£125m via a placing at 137p and Â£305m through a 2 for 5 rights issue at 76p. Alongside this, it has negotiated a new Â£441m bond and Â£691m revolving credit facility, which replaces existing banking facilities. The net effect is to reduce net debt to Â£789m, with net debt / EBITDA dropping from 3.2 to just 2.2 times and this should fall to 1.1 times by September. With its financial worries greatly reduced investors can concentrate on its turnaround program, which is gathering mo ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Tarsus - Forward bookings ahead 11%

Alliance Pharma

Thomas Cook - Four directors buy shares (July 2014)

Thomas Cook - NAP for 2013 has gained 347% (January 2014)

Thomas Cook - Gain to date: 256% (October 2013)

Thomas Cook - Capacity management boosts margins (March 2013)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X