Calis Beach and Fethiye Turkey Discussion Forum
Turkey Related Subjects => Turkey Discussion Forum (Not Calis specifically) => Topic started by: KKOB on August 10, 2019, 15:58:44 PM
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Shares have flown in recent days as news of a much-needed cash injection from a significant Turkish investor has emerged. Neset Kockar, founder of holiday colossus Anex Tourism Group, secured a 6.71% stake in Thomas Cook on Wednesday before going shopping again yesterday. As it stands Kockar holds an 8.01% stake in the British business.
It’s not just that investors are celebrating the critical boost for Thomas Cook’s battered balance sheet. The £750m liquidity injection from its lenders and Chinese travel titan Fosun which was proposed last month would only give it sufficient liquidity to trade over the winter season.
https://www.fool.co.uk/investing/2019/08/02/thomas-cooks-share-price-is-up-64-in-three-days-is-it-time-to-buy-back-in/