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Hi all,
Hope you're very well.
So for us, it's certainly been a bit of a bruising 3 weeks and since our recent high of £6.77 and I don't have any answers if I'm honest - maybe a big player has been offloading tranches, but we have certainly seen weakness and been on the back foot and as always, I compare ourself vs others in the market and the weakness vs them is true too.
I'm hoping that going into next week and then on our countdown to our Half Year results on the 15th, that it generates interest in our shares and SP.
I'm certainly hoping that the interest will quickly get us back above £6 into next week and then with a strong set of Half Year results, which I strongly believe will be the case and as posted previously, that we will get beyond the £6.77 accordingly and upwards.
I certainly understand the downward pressure, if some brokers are advising clients to sell before a specific date in mid-late May, but again, once that is done and dusted, there should be stability and movement forward accordingly.
Finally, please don't forget that come the 24th June 2024, we'll enter a brand new investor market by joining the MDAX and again this should be a great driver upwards.
So I'm hoping that after the recent bruising, that we get lots of green in the coming weeks and GLA
Hi GURAQTINVU,
Many thanks for coming back and just in case you've missed some of my previous posts - I strongly believe that Tui will give us investors and all brokers the relevant information on the full and final steps ref delisting at the Half Year results on the 15th My 2024 - if true, only 12 more days and 8 more trading days to wait and then hopefully any angst will be all over etc etc - Good Luck and hope it's sorted very quickly
Thanks MikeS02...
Just as you say, HMRC does permit an ISA to hold stocks in other currencies, but Barclays are very tight lipped and have outright denied being able to advise until they have more detail from elsewhere - TUI, I think. Their position is all very peculiar given that Barclays permit holdings in the DAX and MDAX currently - and in ISA's! ANyway, thanks for the advice and I'll be sure to search as suggested.
Thanks again :-)
Hi GURAQTINVU,
Hope you're very well and I can certainly help with your query, as indeed I had the same query myself for my ISA holding and from memory, I posted a link to HMRC accordingly and at the time.
For clarity, it's not down to your broker at all - if you simply put into your search - holding foreign stocks in my ISA and then look out for the link to HMRC, on that you will see that they list various countries around the world where you can hold foreign denominated shares in your ISA and the German market is fully covered, as indeed you'd expect - from memory, pretty much most of European markets are covered too.
So as I say, if HMRC validate the stock in your ISA, which they do, then it's nothing to do with your broker at all - if indeed Barclay's get 'funny' about it, which I don't believe they will, but if they do, then simply move your ISA to another broker etc and if you want to remain invested in Tui accordingly.
Hope this helps and good luck
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?