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Most notable & hopefully has follow thru for TUI - "Fuel CASK (cost per ASK), including the cost of carbon and fuel hedging, is expected to be 23-24 per cent lower vs. last year".
https://www.ii.co.uk/news/f24-post-close-trading-statement-rnsLSE20240425070009_5156844
Halifax look to be washing their hands of the delisting? Almost reads (and I'm not with Halifax, I don't have copy of their words) as if they're setting the earlier date on May 15th to make it easier for themselves? They may be banking on vast majority of clients reading the info and selling up?
Hi Mike , in the corporate action notification sent to me today Halifax state that if I dont want my shares transferring to Frankfurt then I must sell them on Halifax Share Dealing by end of business on 15th May , the last date Tui will be traded on this platform. Maybe this is what beatrootjuice means.
Hi beatrootjuice,
Not quite sure where you're getting your dates from, but they are incorrect I'm afraid.
Please see the link below, which is the prospectus for delisting directly from Tui and simply go to page 5 towards the bottom, where they clearly state that share dealings in the UK market will finish at the end of trading on Friday, 21st June 2024.
Hope this helps
https://www.tuigroup.com/damfiles/default/tuigroup-15/en/investors/7_AGM/2024/TUI_FINAL_Circular_website.pdf-2562eea93ca1fefa435a3fe123381125.pdf
Hi mas,
Hope you're very well and yes, I am.
Today was all about the trading statement from Jet2, which seemed to be on a downer in the market - looked like they were suggesting that they'd seen 'more competitive pricing' in last two months and their package holiday to individual flights had softened by 1 ppt yr on yr. My guess ref the pricing is that either ourselves or indeed Easyjet and/or a combination of both of course are putting price pressure on Jet2 - remember that right now and in the last 12-18 months, Jet2 make MUCH more money profit wise than we do and so if they are facing pricing pressure, then of course their profitability going forwards will be under pressure too! Interestingly, they wouldn't give a projection for FY25, which again is interesting.
Why pressure from us and/or Easyjet - because WE have the power to do so as the biggest travel business in the world - remember in our full year results last year, we BLEW the competition out off the water with regards sales and delivered our BEST ever sales on record - so clearly the BOD and the business know how to drive sales and the top line eh - and Easyjet, because their package holiday business is growing well and of course, they are more at the discount side of things anyway - so all, in all, for us Tui, believe this is good news as we're squeezing a key competitor!
Ref the Half Year - just like Easyjet and their results a few days ago, we have Easter in our Q2 this year, which simply has to help our figures year on year and especially as we know, because they told us last year, that Easter 2023 was one of our best ever - so why not this Easter too?
Secondly, we knocked the competition out of the water really with our 24Q1 results and making positive EBITDA for the 1st time ever. Clearly Q2 including Winter will be negative EBITDA wise, as is the case for the rest of the market, but with a great Q1 and continuing momentum and Easter and the possibility of pricing pressure adding even more to Q2 this year, then feel strongly, that we'll have a strong Half Year.
Hope this helps - clearly just my thinking and GLA
Yes, got until 14th May to sell in UK.
Mike --- are you still as confident for the half year?
Hi mas,
HL also has a delisting message when you trade the stock and simply confirming the date as the 24th June and the fact that they will be continuing to trade the stock in Frankfurt - so again, nothing we don't already know.
Not long now for the Half Year results on the 15th May and when I believe Tui will provide full details for all
GLA
Just had corporate action notification via my HSD regarding Tuis delisting from Lse
Wackwack... oh yes, DIY is required and that's because many homeowners have been incredibly lazy, with assuming ever cumulative paper gains on their homes while simultaneously putting zilch into them to genuinely lift their value (obviously sweeping generalisation, some have taken very good care and have added extensions/renovations) but... the sheer quantity of poorly maintained property stock out there is shocking... particularly so for a strong and wealthy developed nation the UK is portrayed by many as being... people are really going to get a shock when this realisation comes to bear little fruit.
As for Tui... yes, I think it'll drop some more yet... 540p perhaps not outside of the possible? Longer term TUI will do very nicely indeed, travel will benefit hugely from the recoiling back in of work from home (as Gov loses the battle to get workers back into the office)... that spare disposable cash will be spent on leisure and that's a good thing.
SK, Best wishes in your new house. Maybe you can get busy with some DIY and spare us your repetitive, negative prognostications. We get it already. You love this stock and you have made a fortune from it but you think it is going to tank and it makes you feel good to warn everybody. Enough. I have your profound thoughts plastered on my wall so they are easy too consult. Anymore, you just distract board members from things they might benefit from. Thanks.
Thanks OTC - Fair comment, although reading the press would have the majority believing that offers have to be at or above asking prices to secure purchases right now... There's widespread attempts to ramp/pressure buyers into significantly overpaying imo. Agents and sellers certainly trying it on, and no doubt occasionally getting away with it too! Cheers for the congrats and I think pushing harder may have possibly opened us up to risk of seller pulling the plug (in the event of another buyer falling under the spell of the rhetoric)... 9% drop is ample for us, we hit our target so best to just do the deal imo!
SK congratulations on your offer being accepted, however 10% under asking price isn't unusual under 'normal' times I would push further if I was you? Property market is and will continue to struggle as a result of current interest rates and exacerbated by the planned rate cut for June being pushed back to Aug as a result of inflation challenges in the U.S.
Riddle me this?... If house price growth is so robust, and UK economy so strong, how is it my wife and I just had our offer on a house, at just over 9% below their asking price, accepted?
Good news is the 10% profit I made on my TUI stake, together with some other share dealing profits over this last year, went towards my share of the deposit (my wife also made some profits from trading too)!
As I've said before, I really like TUI as a business but... UK economy is extremely sick indeed, many appear to be very ignorantly sleepwalking into serious trouble, not helped by the many articles pumping up the property market being full of blatant lies. If what we have seen locally is being replicated nationwide (naturally I've no proof it is, but I think that data will emerge in time) there could be major trouble ahead, as the weight of debts and the crunch of falling assets converges with a surging dollar. There could be a cruel Autumn/Winter ahead of us.
SK dik much?
If it drops to 5.50 I will fill my boots!
SK,
Surely you understand that this is a 'silly' post?
It adds no value whatsoever and indeed IF it falls to £5.50, it will have absolutely nothing at all to do with such a post, so why post it?
Looks as though the next drop may be starting to emerge?...
Good to see a bit of blue on the first day of the week
Thanks Mike
Hi all,
Hope you're very well.
So a hugely interesting day today eh, with probably all of us thinking that our shares would slide etc etc and based on the Israel/Iran news. So all in all, a decent day and particularly that I thought there would be some significant selling towards the end of trade and ahead of the weekend - as this didn't materialise, you have to think that investors have got the message that that's it 'right now' from Israel and Iran and more normal trading can resume again into next week.
As such and because of the pressure put on our shares over the last 8 trading days, I'm hoping and expecting a good 'bounce' into next week - I would certainly expect us to quickly get back to at least £6.50 by the end of the week and hopefully beyond, with many sellers now 'washed out' of the stock.
Have a terrific weekend and GLA
Hi Trisor,
As I've suggested a few times to others too, please wait until Tui confirm all relevant next steps - as an investor, you will get full details like all of us 'direct from them'. Suggest this will come out with the Half Year results on the 15th May 2024, so please watch out then and hope this helps
Things might change when Israel and Russia start WWIII
Hi - does anyone know what will happen to our shares. Will they be transferred to the Frankfurt bourse. What happens if they are not?
If it is the case consumers are so confident then can you explain why UK retail sales are completely flat?: https://www.ons.gov.uk/businessindustryandtrade/retailindustry/bulletins/retailsales/march2024