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What a bizarre intraday chart!
Just typed a long reply to give you my personal answers and supporting arguments to your 3 questions. Given my typing speed it was somewhat annoying verging on a nervous breakdown that as I reviewed my reply it somehow got removed and I am at pains to not say deleted.
In the interests of my own sanity I have had to précis my response to the 3 questions you raise:
No, no and no.
More lockdowns and red list expanded?
Omicron in at least 50 countries and despite data suggesting it could be milder than Delta variant, that may be because the average age is SA is much younger than in Western societies. Looking like we almost going back 12 months with similar restrictions to this time last year?
https://www.cnbc.com/2021/12/07/omicron-covid-variant-has-spread-to-more-than-50-countries-and-19-us-states-cdc-director-says.html
So peeved I didn’t buy at 105 today, I had the trade ready and to hit the button but I’m already invested in RR and IAG so couldn’t really afford another travel stock should it start falling. As news is pretty hit and miss at the moment.
Will wait for another opportunity should I get one now I know the results are decent.
:)
@Rr101 - its 180p - my theory is if it dropped thru that level it would drop a lot more and I’d buy back in as near the bottom as I could or in absolute worse case swallow the loss. I think that scenario is highly unlikely given the level of state funding they have received as have Lufthansa.
What’s your stop loss set at may I ask?
Tomorrow Tui release their annual report. Confident they will report good numbers for 21/22 Winter season and significant bookings for Summer 2022. We also need to see progress on paying down debt as reported at Q3. That said I expect the uptick in the past 2 days to be lost and back to 202p or thereabouts.
Tui are one of the few holdings on which I have a stop loss but if it ever was executed given its blue chip funding sources then we’d all have a lot more to worry about across the board.
It may take years if at all for Tui to recover to pre-covid position and SP of 900p is surely a pipe dream but having bought in during October 2020 at 290p and taking up the very generous offer in January’s rights issue , I’m hopeful by next summer i’ll be able to sell 50% of my holding and run the remainder as a bet to nothing. At least thats the theory and I’ll hold tight (literally) until theory is proven or stop loss is invoked.
A surprising good couple of days. More of the same please!
Totally agree Justbeen. This merry-go-round with the travel sector needs to stop for good
Totally agree. This merry-go-round with the travel sector needs to stop for good
bang on justbeing - nicely said!
2.5% up. this is a surprise. Let's hope it holds to the end of the day.
Unfortunately not
As I'd have bought another 10 grands worth
180p open ???
Community transmission is already happening in UK, travel restrictions now is simply closing the stable door after the horse has bolted. This pathetic Government are doing it to make it look like they are in control , to hide their obvious ineptitude.
Best way to protect public health and economy of UK is not to use tax payers cash to line the pockets of chums with their gifted lft contracts but use it instead to start delivering vaccines to poorer nations with the same degree of false nationalist pride trumpeted at the start of the year.
No matter how many million boosters this myopic country can inject by end of January it will not protect us unless we roll out vaccines globally with the same rabidness & grab the moral compass and lead all the wealthiest nations to share the burden of global vaccination. Border controls will never work against an invisible enemy.
If the jokers in charge want to do this, the least they can do is pay for everybody's PCR tests.
https://www.itv.com/news/2021-12-05/travel-industry-fury-as-covid-pre-departure-tests-return
South Africa has been third world with their vaccination program and letting scores of infected passengers fly.
UK government lining the pockets of their friends once again.
Who is going to book a last minute winter holiday now? It's not just the cost of testing, it's the hassle too and becomes the main focus instead of enjoyment.
Airlines and travel companies and resorts need to kick back on this.
Apparently they only check random travellers at Heathrow as they don't have the staff. This is going to be impossible to manage. Just when we saw some light appear for our travel business another hammer blow.
The govt really don't want the travel industry to survive it seems. Omicron is already here, don't they get it? The WHO even say travel restrictions don't work. Will people have to take a PCR test two days before an office party and isolate after for two days before taking another ,all at their own expense? I think we know the answer. It's absolutely ridiculous. If this Omicron is less dangerous in terms of hospitalisation and deaths ,but more transmissible and can replace Delta , I argue that it should be actively introduced as a way out of this pandemic.
I think actually believe it or if Airline were to take the initiative and demand in flight test such as a LfT if government rules permit then these tests could be the saving grace. Customers would truly feel confident and if Covid companies were restricted by law to amount they could charge to help the traveller then this in my opinion could prove a winner.
Clearly any charges are a pain but health and safety must come first.
The government stopped landlords charging tenants for credit checks so maybe they could either restrict the PCR and LFT charges or reduce departure tax to compensate the customers. The government could easily afford to reduce the departure tax etc in order to prevent another furloughed lockdown.
Time to get a grip and lead the fight back for all airlines survival.
GLA
They are totally ignoring the scientists saying very mild symptoms it's as if they dont want international travel where will it end? Gla including my go to travel provider tui regards Jack
What is the point of pre departure tests for everyone? Some airlines will actually go bust now. This is the worst news ever and a stupid over reaction. Red list yes, but pre departure from everywhere absolutely no!