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Not really concerned with short term movements, but I think if the FTSE keeps pulling up as it does right now, it will pull TUI up with it. The FTSE might also falter again later if Isarel says anything.
It doesnt really matter as long term TUI is a sure fire winner in my opinion. It was going strong before the middle east thing came up, which doesnt really affect TUI's operations, apart from oil prices.
I think it'll drop more this afternoon as the makers take it down a little below 5.50p
Contemplating adding more here to make an opportunity of this artificial drop.
Package holidays will be more attractive to the masses going forward, compared to expensive bespoke holidays.
We've hit the low point so fully expect this to slowly recover now. Pointless getting out of airlines this morning. Should've done that before the carnage of 10-15% drops
Doubt it will be a better day, as although TUI is delisting to Frankfurt its still heavily reliant on UK package holiday sales and UK PLC is clearly now very sick indeed...
£ rising this morning is a warning sign of the carnage ahead, yes high rates defend/support the currency and help with keeping import costs down but... if BoE holds off from rate cuts right through until November the pain racking up for Businesses, debtors and mortgage holders will be savage. Unemployment looks bound to accumulate significantly on the back of BoE's futile attempt to defend against dollar strength and do battle with the inflation deamons...
BoE is stuck though, it cannot solve all the problems that come with the political choices UK Gov has made to damage trade, drive up costs and for the systemic under investment over more than a decade.
For Tui the attempt to cut & run to Frankfurt fails to ignore the blatant underlying issue... which is UK and EU are as co-dependent as siamese twins.
So out of all the airlines this morning it seems that Tui is the one currently falling off the cliff edge.....
Hopefully a better day for TUI tomorrow.
Its peers that are actually exposed dropped much less.
I should have sold when up met 25-%
One bloke is mostly to blame and his name is Benjamin. The sooner the world sees him for who he is the better. Just can't understand why the west is saying we have your back, but stop doing what you're doing. Surely that's some kind of contradiction, no?
Likely a missed opportunity if you didn't top up or get in today. Vastly improving financials of TUI, EZJ, IAG, RR etc and this is merely a 10/15% fly in the ointment. Misguided to think this will plummet to pre-recovery SP levels
@savage, no, it’s not your pet subject mate, have you seen the news on Iran / Israel? Honestly, get a new record. TUI was recovering strongly until more Middle East strife happened. SMH
Problem with rate cut is BoE is stuck with a soaring dollar, so a cut will surely be small and therefore the benefit miniscule and with a fair lag it provides support too.
This will all blow over quite quickly I suspect.
The employment figures were actually a positive as they increase the chances of earlier rate cuts.
EZJ had its big drop yesterday. Today its TUI's turn.
I did warn y'all, been in meetings all day so only just saw stocks and TUI price. The unemployment figs and weak economy has not come as a surprise to me and presumably that's why the SP dropped today?
Likewise I never thought I would see £5.50 again but if I do I will be getting back in again.
Hi all,
Can't lie - Just like most if not all of you, found the lats 4 days trade, absolutely horrendous - so much so that I very nearly sold out myself late yesterday afternoon and which hasn't been in my thinking even when we got as low as under £4 last year (although interestingly, that drop below £4 and down to £3.75 was a ONE DAY movement only and we never got below £4 ever again!)
I guess that's why I didn't sell in the end - because I bought into this stock in April 2023, believing that it was a strong recovery play, which had a decent way to run and I still do!
So early last week, we were motoring really well and until the whole debacle of Israel and Iran entered the play.
If Israel does indeed retaliate in an aggressive way and they get into a huge escalation with Iran, then we have to accept the stock trading at £5, if not slightly below for a period of time - but here's the thing - IF Israel actually listen to the West and those that helped them last weekend, then their retaliation way be very well controlled and which doesn't lead to any further escalation and of course, for which I'm hoping. If that materialises, believe strongly that the stock will get back to its high of £6.82 just as quickly as it fell.
Bottom line for me though - certainly at this moment in time - is that I still believe there are 'riches' in this stock and for now, I'm firmly remaining invested.
GLA
Really? Look at the pain and disaster they have caused.
Tuis exposure to the middle east is very small and you know this. So stop spreading falsities.
Avocet --- are you not listening to what is happening in the middle east? The drop in share prices is nothing to do with oil prices , it's due to escalation into wider scale wars. Get real , there is no scare mongering here , just realisation of the facts of what is happening in reality.
Thanks Mike... very appreciated
Marcinkus
I agree generally, that TUI is unaffected, except it is as a result of oil/fuel prices.
In so far it is probably more affected than most other UK/global shares, which seem to be taking a beating despite being a million miles from the middle east.
Given the geopolitical situation I guess we all know that this week and the next are going to be really painful (for no reason imho since TUI is completely unaffected by middle east turmoil but anyway..)
However! from a chart point of view, looks like TUI simply bounced off (quite hard) from resistance levels and retraced, possibly filling some gaps?
Any chartist here that can give an educated guesstimate on what's going on from a stats perspective?
Glad to hear your opinion on this: thanks, Mike.
Your loss.
@Masaimara isn't scaremongering he is talking the truth, what is going on in Gaza is a disgrace and it will obviously have an impact on the macro environment, in regards to Iran, their response was telegraphed and managed by Isreal (as they knew what was coming), its all theatre and the markets knew it, if something real was going to happen we wouldn't know about it and we would all be fu@&ed and by that stage who cares. Good luck to all holders.