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Hi SS and email,
Hope you're both very well.
I've been saying this for a while now, so apologies to those who pretty much know what I'm about to say:
So my advice to you both, would be to wait until the see the details DIRECTLY from Tui. ii are being particularly naughty in contacting you, as NO broker has any information right now and they will get instructions directly from Tui just as us investors will too. So please DO NOT get caught up in any nonsense ahead of the correct information coming out and directly from Tui.
I totally realise the energy in wanting to get this sorted, but rest assured, you won't 'miss the bus' so to speak by waiting.
My sense is that the instructions will come out alongside the Half Year results on the 15th May 2024, which is now only just over a month away.
My final point about doing nothing ahead of comms from Tui, is that it is pretty much guaranteed that Tui will pick up any costs from the brokers associated with the conversion of our shares into euros - do it yourself and away from the company instruction and undoubtedly you yourself will pick up relevant charges etc
Hope this helps and GLA
I was wondering about that, too: does anyone have any takes on it? I’m with ii as well.
Like some of you got corporate notification from iii --
Is there any advantage in having the conversion in advance instead than waiting for 24 June?
Including two wars. Unfortunately, though, the algos are set up as such that a third war will bring the SP down violently.
My next buy back is at 5.50 hope I don't see that again.
One day buyback opportunity
UK GDP figs release by ONS tomorrow to look forward to as well...
Hi iParsnip,
I totally agree - BUT - the one piece of news which should help manage the 'stress' is that the whole travel sector has been hit hard today and really through the 'stupid media' quoting that Iran will imminently hit something! So as the sector in totality has been hit hard today, you can pretty much guarantee in a day or two or three, it will bounce back when this pathetic saga has either occurred or it doesn't happen in the first place
GLA
Going to send this right down again
Swappers
Not to shabby ...but grossly Oversold IMO ..still waiting for TERP myself
All the best though
G
My call for #TUI is 114p up in just over a month. Not too shabby https://x.com/SwazersC/status/1777697186500706335 https://www.tradingview.com/x/O3IK77QW/
Hi Dathrilla; talkin and aspers,
Dathrilla - Many thanks for your Q and no, I now don't expect a business update ahead of the Half Year results in mid May 2024 - why - because we are now in their 'closed period' and it looks like Tui really adheres to this period where they don't disclose any further business information and ahead of the planned release.
If there is sense to be made of not posting last week, my assumption is the news yesterday of moving to the Prime Listing scenario 'trumped' such news and I guess for the BOD, yesterday's news was a big deal for them.
Mind you, what would be the odds that the BOD now updates later this week eh!!?? Genuinely don't believe they will
Hi talkin and aspers - So my assumption ref 'full news' on the delisting side of things ref the 24th June, will come our way at the Half Year results on the 15th May 2024. Assuming by then, Tui will have made all of the relevant comms and options through to our brokers and indeed, will be able to share likely broker costs to Tui of completing all of this over the weekend between the 21st - 24th June 2024
Hope this helps and GLA
As always balmus,
Huge thanks for sharing
Fitch Upgrades TUI Cruises to 'B+'/ Positive; Rates Proposed Notes 'B-
https://www.marketscreener.com/quote/stock/TUI-AG-470539/news/Fitch-Upgrades-TUI-Cruises-to-B-Positive-Rates-Proposed-Notes-B-EXP--46394789/
So the shares won't delist until June and we will be writing again with further information when we do have it.
As a business we do need further information regarding the event but when they do move over we will still be able to trade them
Talk………..i am with Halifax share dealing and likewise I have heard nothing regarding actions I need to take.
Really annoys me that an SP languishing at 680p ish has a real value to me at 68p ish...
TERP £8 +
I'm still waiting for an update from my broker Jarvis (X-O) on what will happen when this finally leaves the UK exchange. Can anyone here advise on what the options will be? Do they have to be sold before this date or automatically on the day of leaving? Thx in advance
Boya yep many of us in same situ travel shares have been a pain in the backside these last few years.
Nice to see this going steadily up
My 24k investment is now 16k
So just another 50 percent from here to break even then hopefully some more for a bit profit
Thanks for your input, Mike.
Do you still think we shall see a business update from the business?
Hi Marcinkus,
Many thanks for sharing.
Yes, as expected and previously shared, the Group is unable to pay a divi without 'completing' the KfW facility.
As we know, this has already come down from the 1.1 Billion in place at the end of last year and because of them issuing the sustainability bond last month.
So nothing to say that they can't and won't issue another bond in the coming months, which will clear the facility in totality and open up the gates for a divi - have to say, that I'd be hugely surprised if this doesn't happen in the coming months and a divi paid in December's full year results statement for 2024 - if not, then 2025 is pretty much guaranteed!
Also, taking a quick look at the main holders of stock - pretty much like what I see (not so sure about Goldman, but sure everyone has an opinion on them) and shared a while ago, that I particularly like Helikon as a main shareholder, who basically exists to find stocks around the world which offer 'huge value' and they then invest accordingly - from memory, think they took their position in the middle of last year, so clearly a great asset for them!
GLA
Reading the summary:
https://www.tuigroup.com/damfiles/default/tuigroup-15/en/investors/3_Share/Admission-FSE/TUI-AG---Summary-Document---Convenience-Translation.pdf-b88a98b7cd45813b7c8d2b9dc80be560.pdf
Important info to note:
Type, class, nominal amount and ISIN. The Shares are registered shares with a notional par value (the proportionate
amount of the share capital of each share) of €1.00. The ISIN of the Shares is DE000TUAG505.
Currency and number of shares. Our Shares are denominated in euros. As of the date of this Summary Document,
we have 507,431,033 Existing Shares and 74,583,729 Conditional Shares outstanding. All Existing Shares are fully
paid up and all Conditional Shares will be fully paid up at the time of issuance.
"Dividend and dividend policy. The terms of the syndicated loan agreement of our revolving credit facility provided by
KfW as a governmental lender, which exists in the amount of €550 million as of the date of this Summary Document
(the "KfW Facility"), generally do not permit us to pay a dividend until the KfW Facility is fully redeemed. Even if we
return to profitability, we will not be able to pay dividends for the financial year ending on 30 September 2024 as
long as the KfW Facility remains in place."
SO, from my understanding all shares from LSE will be just converted in € and we won't need to do absolutely anything and the only change will be that the corresponding value will be in €. Please correct me if I'm wrong.
Also interesting info about Alexey but that's for another post.
What dividend?