With no let-up in how shareholders feel about what’s happening to Thomas Cook, its shares tumbled 13% after the open today. As IGTV’s Jeremy Naylor explains, this is sometimes the life of a penny share company, which is now what Thomas Cook has become. With a market capitalisation of just £94 million, the £450 million investment from Fosun Tourism Group will take ownership of the business to new levels, effectively giving any lasting shareholders no share in the running of the business. So, what is Fosun buying? It’s acquiring a long-serving name in European travel and, in one fell swoop, will be able to directly access the lucrative markets in which Thomas Cook operates.
We provide fast and flexible access to over 16,000 financial markets – including indices, shares, forex and commodities – through our award-winning range of platforms and apps.
Established in 1974 as the world’s first financial spread betting firm, we’re now the world’s No.1 provider of CFDs and spread betting* and a global leader in forex. We also offer an execution-only share dealing service in the UK, Ireland, Germany, Austria and the Netherlands. Our range of affordable, fully managed investment portfolios rounds out our comprehensive offering to investors and active traders.
Through our low fees and smart price-sourcing technology, we help traders keep their costs down.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading spread bets and CFDs with this provider†. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit.
* Based on revenue excluding FX (published financial statements, February 2018).
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With no let-up in how shareholders feel about what’s happening to Thomas Cook, its shares tumbled 13% after the open today. As IGTV’s Jeremy Naylor explains, this is sometimes the life of a penny share company, which is now what Thomas Cook has become. With a market capitalisation of just £94 million, the £450 million investment from Fosun Tourism Group will take ownership of the business to new levels, effectively giving any lasting shareholders no share in the running of the business. So, what is Fosun buying? It’s acquiring a long-serving name in European travel and, in one fell swoop, will be able to directly access the lucrative markets in which Thomas Cook operates.
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#thomascook #fosun #fosuntourismgroup
We provide fast and flexible access to over 16,000 financial markets – including indices, shares, forex and commodities – through our award-winning range of platforms and apps.
Established in 1974 as the world’s first financial spread betting firm, we’re now the world’s No.1 provider of CFDs and spread betting* and a global leader in forex. We also offer an execution-only share dealing service in the UK, Ireland, Germany, Austria and the Netherlands. Our range of affordable, fully managed investment portfolios rounds out our comprehensive offering to investors and active traders.
Through our low fees and smart price-sourcing technology, we help traders keep their costs down.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading spread bets and CFDs with this provider†. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit.
* Based on revenue excluding FX (published financial statements, February 2018).
† For the 12 months preceding 1 July 2019.
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