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I have spoken to TUI's shareholder's help line twice during the last month with the latest being a approximately week ago. I have been twice told that they are roughly on track to meet the previous guidance given, and with only modest affects from for instance the Middle East. Additionally, for those interested, I hold these shares in an ISA and Barclays still can't tell me whether they will permit these to be held in the ISA after the LSE move. TUI's offically broker unequivocally advises that it is Barclay's decision as to whether they allow this and so I am taking Barclay's to the Ombudsman with a claim for any loss that might occur as a result of dragging their heels.
What's your rationale for the drop Savage? Are you thinking US jobs/wage/unemployment data at 13:30 is gonna come in hot and smash the markets or specific TUI price action/technicals (seems to be pretty strong support @ 560)? Genuinely be good to hear your thoughts?
Looking as though we'll see more falls today and into next week imo.
Lol 😂
I topped up yesterday so have an average of £5.75. I think the half year interims will be positive and we’ll see £6.00 in the coming week or so.
I think you missed it, Strap. You have to move fast these days.
You should have jumped as soon as Robert Gleed gave us the warning about his plans.
But no worries. I think he is about to announce a deal of discount vouchers for Pizza Hut. Money saved is money earned. Stay strong.
Have i missed this 5-50.... I've been away.
Finally the media starts printing some articles which reveal the trouble with the UK housing market...everything published so far this year has ramped a rapidly falling market!
I think it has further to fall than 5.50p but yep, agree with your strategy.
That's my buy in price for a quick profit then out again.
I think we'll see 5.50p later today once USA markets open and the Fed holds them rates.
Totally agree with all that donalb says.
The 25% tax can be reduced to 15% as a result of double taxation relief. Ask your broker for relevant form, and the reduced amount is deducted as source.
Best to wait until everything has settled following the listing on Frankfurt.
Whilst writing, would like to thank MikeSO2, for all his relevant, well composed and accurate posts.
Beetroot, a few small points.
You must have a very expensive broker, if they are charging you 1.5% on currency conversions. Typically, I have paid 0.4 to 1.0 % for smallish sums over the years. Its also a much better idea to keep a € sub-account & probably a $ sub-account, if you trade often, if your broker allows that.
As for capital gains, that would only be a UK issue (if you are UK resident), however if we do have future dividends (chance would be a fine thing:-), our German cousins would take a 25% dividend withholding tax, that can be claimed back, but may not be worth the bother for most of us.
Hope that helps, GLA, DAB
We can still trade it after that date, just have to pay 1.5% exchange fee plus you're at the mercy of the exchange rate itself. Not sure on German capital gains ( chance would be a fine thing) tax.
Interesting those on Halifax have until 15th May to trade Tui - the very day of the next results release. Surely Halifax could have made effort to improve their timing?
Thanks Mike, this a really helpful reply. Really appreciate you writing it.
I've been with TUI a number of years now and been impacted by previous dilutions, so not been a good hold...
Lets see how the next few weeks go
Thanks again
Hi baxxy,
Hope you're very well.
Many thanks for sharing from A J Bell and as expected.
Guess the vast majority of us who have stayed with Tui, will simply enable the automatic conversion - the date again is interesting as shares here in the UK can actually be traded right until the 21st June 2024 according to the Tui prospectus, but brokers are clearly starting to comms out that decisions to sell in particular need to be made by mid May 2024.
Wonder if this is why there seems to be some weakness in our shares in the last two weeks and currently, ie some have decided to sell up and of course this puts some downward pressure on our SP. That said, I still believe that the vast majority of those who didn't want to be part of the delisting, actually sold pretty much straight after the AGM back in February 2024 and so downward pressure may and hopefully will be limited.
With this in mind, have to think that there may be some continuing weakness through to the delisting date itself, ie the weekend of the 21st/24th June 2024, although I'm still very positive about our Half Year results, which I'm clearly hoping will give us a good bounce accordingly. Additionally and as we all know, come the 24th June 2024, we join the MDAX, will be a brand new investor market for us too and so that should provide a good boost accordingly - just remember what happened during the week of our Premier listing - a nice bounce!
Don't suppose any of us have been through a delisting before and as such, how our shares will be traded in the coming weeks ahead of delisting will be 'new' to all of us - if indeed anyone has been through a delisting before would be great to get your views on what I've said above.
baxxy, hope this helps a bit and good luck
Hi all, just wondered what most peoples plans are regarding the news that Tui are moving off LSE?
Only just seen the note below via AJbell.
Therefore, prior to the LSE delisting taking effect, you have the following options:
- You may sell your shares prior to market close 24 May 2024.
- You may retain your shares in your account and have them automatically converted into ordinary shares held in Clearstream and traded on the Frankfurt Stock Exchange.
I simply asked a question as just mentioning what I have been seeing, weakness in other shares which I've noticed tend to move in a similar pattern to TUI - Mike too has mentioned this pattern going on for many months now. If you have a counter opinion please share it.
And just to reinforce, Savage, give it a break.
What a terrible couple of weeks.
Savage, give it a break.
Stupmy, wherefore hath thou departed since your 414 prediction?
I'm now seeing some early signals of selling and either almost red, or slightly red, on my watchlist... could we be in for another sell off and Sea of Red by COP today?
Thanks, Mike, for that extremely well thought out reply. I totally agree with you comments on the US market and its impact on us & TUI - time and again I have seen, as you have, that it opens poorly and we slump, then we close and it trends up. What confused / confuses me is that these last two slumps happened an hour more more BEFORE the US markets open. Perhaps there is some pre-opening activity that triggers it. But usually a bad US opening can be predicted from Futures so why does London - dozens of different shares (Kingfisher, Pets at Home, TUI etc - all panic within minutes of each other? And then, usually, recover, at least a little bit. I always think it must be a rate announcement or a report on jobs or home sales or something. At least, as you suggest, today is likely to open up. Fingers crossed.
Hi WackWack,
As frustrated as you are - so we we're up 10p at our best today and ended -3.5p, which I know is neither here nor there in reality, BUT like you and I'm sure everyone else, prefer to see us in the green each and every day.
As SK has suggested, I equally agree that it's the US markets that are clearly leading the pack and when they have a bad day, like today, we all follow downwards. Also, the US markets typically 'plunge' mid pm and then after we close in Europe, they tend to 'miraculously' head upwards, which again they are doing right now. The only good news out of that, is that it suggests we are likely to open on the 'up' tomorrow - when I say, 'we', I mean the markets and just have to then see what it means for ourselves and Tui.
Guess for me, I always look at our market generally and if everyone else is down - which apart from Wizz at a tiny 2p in the green - everyone else in our market was down too - when that happens, I'm ok with it!
Mike --- All in the same note including everything in my other posts today. Would have liked to have put a copy on here but just don't know how to do it with my tablet. But yes as stated we on Halifax have until 15th May to trade Tui on Halifax.
Lots of US data has been released Tue, Wed + today (ahead of market open just like they do here)... could those be the triggers?