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Your TUI AG shares
TUI AG shares will be delisted from the London Stock Exchange (LSE) on 24 June 2024. The company will maintain its listing on the Frankfurt Stock Exchange in Germany.
You have the choice to retain your shares in your HL account, or sell the shares before they’re delisted from the LSE before 4.30pm on Tuesday 11 June 2024.
**** If you take no action you will retain the shares with HL and any future trades will be subject to our overseas dealing charges.
As a result of the delisting there will be a period when the shares can't be held in the UK settlement system (Crest). If you still hold the shares at the end of Tuesday 11 June 2024 we’ll take the following action to enable you to retain the shares in your HL account:
To retain the shares we’ll need to first transfer them to our global custodian, HSBC. You will retain beneficial ownership of the shares and they will continue to show in your HL account, but as the custodian will be HSBC, or a sub-custodian of HSBC, there will be certain implications you should be aware of:
When the shares are moved from our Crest account to our HSBC account you will be unable to trade them. This will be a temporary freeze on trading until we are able to move the shares back into the UK settlement system (see below).
The shares will be held with our third-party custodian, HSBC, who may in turn hold the shares through a sub-custodian in the home country of the investment. The settlement, legal or regulatory requirements that apply to the shares may differ from those applicable in the UK. Your investment may not benefit from the same protections in the event of the insolvency of the third-party that may apply under UK law. A more detailed explanation of these additional risks is provided in section A25 of our Terms & Conditions.
Transfer of shares back into the UK settlement system
Between 27 June and 1 July we expect to be able to move the shares back from our HSBC account into Crest. We’ll contact you again once the transfer is complete and you’ll then be able to sell your shares on the Frankfurt Stock Exchange.
If you retain your shares you will therefore be unable to trade them from 12 June until the transfer is complete, expected to be from 1 July.
Trades on the Frankfurt Stock Exchange will be subject to our standard overseas dealing charges and terms.
Please note that following the LSE delisting the shares will continue to be eligible to be held in an ISA or SIPP.
Donalb - I was not aware and thanks for explaining, much appreciated for adding that context.
SK, are you not aware that Wizz & TUI have greatly increased their partnerships recently ? Maybe its partly TUI's new lower cost flight "sub contractor" that is assisting Wizz's numbers, leaving TUI with the much higher margin hotel, cruise & tours.
Always a good sign to see the CEO buying and as the notification came after the close, suggest it will likely help SP tomorrow - guess, let's see
That's at least Soc Gens 2nd 0 to 5 % & 5 to 0% recently, among others. They have a large trading desk, ala, Kerviel. At least my Soc Gen shares are doing much better and a 4% divi next week.
Glad they've dumped so quickly and hope the only way is up now! Clearly someone has bought their shares.
Wowsers... Sold their entire 5.12% stake! No wonder the SP tanked it recently.
Maybe Ryanair has been experiencing softer pricing if Wizz has been stealing their lunch?!... That 30% revenue increase is where I had expected Tui to have been (as inflation aids revenues too). EZJ also fell short on revenues + passengers vs my expectations. Wizz really has pulled off something special I want to know how they did it but... at guess I'd say they must have grown their proportion of market share here!
That means Wizz is by far the top performer... On The Beach did nowhere close to that. Whatever they've done there is working.
Revenue up 30% & passengers 21%, strong next 2 quarters !!!
I expect O'Leary was just rattling the competitions cages, as usual. GLA.
https://www.ii.co.uk/news/wizz-air-swings-to-annual-profit-as-revenue-and-passenger-numbers-rise-al1716455371866796200
HSBC proving once again that they are pretty incompetent and not trying to help - the shares will automatically convert to the Euro denominated shares - I'd be pretty confident that even the incompetent will be able to do that for you but its pretty shambolic that they cant portray this to you now as to what will happen
Wowser Duka - HSBC have near on left you to sort it all out for yourself! Pretty poor of them to do that really.
Barclays are advising you can sell if you wish or hold and be transferred for you into frankfurt, afterwards trade as normal, just in euro's and with international fees. If the price gets any lower i'll be buying more for them to transfer.
I have finally received update from HSBC regarding de listing 2 option given, I can sell the shares, transfer to another broker or my own name,not sure what that means, itf I haven't done anything by 15/07 they advised they will do their best to re register them and send me a certificate in my own name, really not sure what to do, I have only ever had shares with HSBS invest direct
I am with Trading 212 and have been told that the delisting has not been initiated officially. Once there is any official information on the event, they will immediately let us know what will happen to our shares
Hi Juboy77,
Absolutely nothing happens to your Tui.De - indeed as of the 24th June, we'll all be joining you, with all shares moving over to Tui.De and all in euros.
Hope this helps
I know there has been much on here about what happens to this come the 24th June, I haven't been able to get an answer from T212.
What I also wanted to know is what happens with Tui.De if anyone knows as I also hold them (also at a loss!!) Thanks
For giving me a date to consider getting rid of this share. Sold last week at a loss but no regrets so far. Sometimes just gotta suck up a loss and move on before you lose even more. Hope it all works out for the holders out there. Bit of doom and gloom over the travel industry at the moment.
Hi mas,
Many thanks for coming back and don't get me wrong - I was also expecting a better SP - guess as investors who wouldn't. As I say though, this downward sentiment certainly needs to work its way through and is certainly impacting our whole market.
To give you and others some idea of how the sentiment has hit others even more so than ourselves in the last few days, I've been looking at 200 DMA's - I'm not techie at all, but I do know that breaking this line is pretty important etc.
So current SP vs 200 MDA's are:
Tui - current SP 5.43; 200 MDA 5.35
EZJ - current SP 4.61; 200 MDA 4.84
WIZZ - current SP 19.57; 200 MDA 20.38
For completeness, both IAG and Jet2 are also above their 200 MDA's
Ref key dates - guess one will be tomorrow and our inflation print - not sure if Europe does theirs too tomorrow. Secondly, the 5th June which will be the time that Frankfurt announces that we will be accepted within the MDAX come the 24th June 2024 - whilst we won't get any new investors until we join on the 24th; again sentiment might be boosted by its announcement
GLA
Hi Mike , dont get me wrong , i am hanging in there. I knew Tuis recovery was a long termer but I didn't think we would still be stuck on the starting line at this stage. Next date of note I suppose is delisting day and full entry into Frankfurt. Let's see!
Hi mas,
Hope you're well.
You're missing a major piece of the jigsaw ref our SP right now - it's called sentiment and it's been hit ever since O'Leary opened his big mouth a couple of weeks ago and again yesterday at their FY results.
He's basically saying that there could be a 'price war' this Summer as he's seeing a scenario for Ryanair whereby prices will be flat to just up for Summer - previously he was predicting prices increases of 10% yr on yr. But of course this is simply applicable to Ryanair - it doesn't have to be and in fact I don't believe it will be relevant to us - why - because package holidays offer up a much bigger element of moving margin and profit around, as clearly we're not just reliant on selling seats on a plane. Additionally of course we have a cruise line part to our business too, which is flying right now and will undoubtedly have a brilliant Summer and rest of 2024. But, the sentiment part needs to work its way through, which is what's occurring right now.
Simply look at all of the other travel/airline stocks and every single one of them is down and actually many more down than us over the last 7-10 days.
As I say, until we get beyond this sentiment issue, the SP will remain where it is - always unfortunate when sentiment changes just as you release good results, but afraid it is where it is.
GLA
Response I received from HL when asked the Q if I could continue to trade TUI shares within my HL ISA and SIPP on the Frankfurt stock exchange, post LSE delisting.
Firstly, we sincerely apologise for the delay in sending out the TUI delisting communications. We are still unable to confirm the trading status of your TUI shares following the delisting, but we are currently working with a third party to investigate the options available for shareholders. Our priority is to explore every possible avenue to ensure that our clients receive the best possible outcome. We are currently finalising communications which will be sent out to clients well before the delisting date so you can make an informed decision regarding your TUI shares.
We appreciate your patience in this matter. Should you have any further queries, please do not hesitate to get back in touch.
Hi masaimara, I'm not surprised you expressing your astonishment of the backtracking in the SP. As you may know, I'm much less astonished. If fact I expressed the view we would see this fall to 550p and below. So... you asked "where is the uplift going to come from now?" - IMO the backtracking has not yet come to an end and I think we could see drops right down to 510-515p as a worst case. As soon as it reaches those levels I think there will be strong buying momentum to perhaps sharply pull the SP right back up towards £6.80p.
I am astonished by the backtracking of the sp over the last couple of weeks. The half year results are in and are not bad but the sp declines. Where is the uplift of the sp going to come from now? Prior to the hyr I was quite optimistic that the sp would consistently grow after the results were announced. I was obviously wrong. Oil price is stable , Israel and Iran have shown they are prepared to attack each other which has brought a sort of stability in the area , Russia is achieving and sustaining their aims which is going to result in a diplomatic resolution so these 3 potential negatives i dont think are really affecting the sp badly. Holiday demand is stabilising and their are signs of price wars. The move solely to Frankfurt will not in my opinion bring any substantial sp increase and we still have the debt to deal with and of course there is no dividend. Sorry to sound negative but what should drive the sp , just isnt anymore. So i will repeat my question to this board. Just what is going to drive the sp up?
No it doesn't. This share has lost its wings, has empty tank, no captain flying it. Bought big into this as a recovery stock and has gone down and down in value ever since.