Thomas Cook World wide got into a big hole

Thomas Cook Worldwide decided to sell

The Indian subsidiary making profits well

Would not sell too fine, 

The bank was broken , advisor RBS

is also shutting down the business 

Outside Asia, it is a long winter, 

The sun got by with turkey from Sainsbury's 

and Thomas Cook worldwide does not get to keep

Profits of Thomas Cook india Limited,

if it wants to pay its loan in time

 

The loan amount has already reached GBP 900 mln or $1.35 bln and the Market Cap of TCIL a good RS 69.2 bln even at rates of Rs 30 per share which could be half its valuation but with a distress sale this valuation is unlikely ont he bill according to merchant bankers, putting Thomas Cook ?India on open sale and getting interest from Apax, Travelex, Cox and kings and Mercury as also Chinese HNA Travels. As the ET infographic says, 80 % of the India profitable branch being Forex, it could well be bought by a Forex business 

Without the distress sale this valuation could well have been at slight discount to its 2009 peak of around Rs 59 per share or INR 14 bln or GBP 180 mln   

 

Posted via email from The India Investment Post