Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
This has been a total mystery to me, and very humbling. Bought this as a more defensive element to my savings. Tried a couple speculative
How on earth is the SP down here?? Bought a couple "dips" on the way down over the last 12 months. It doesn't stop going down. Surely the dividend would out some kind of floor on it?
Feeling like a quite a mug now. Should have put it all on airlines.
Aspers , nice to hear from you.
I think you have probably waited to long get aboard for the big gains. This is not going close to the levels you feared?/hoped?
However your Novacyt trade I'm quite confident will make up for it. I confess to being annoyed I missed out on that. Covid testing and surveillance will be on every governments priority list.
Also on that priority list will be reopening the economy. Still some good upside here. Vaccine news and plenty of demand are in its favour.
That's made my head hurt.
So if holders bought pre RI at £5 they can now buy shares at £2, which they cant. They lose £3 per share. Buy the RI would average them out at approx £3. so they have actually lost £2 a share. Which is 100% loss because new buyers can buy at £2. Which they cant.
Your correct in so far as I cannot yet sell my rights, at least Barclays does not yet allow it.
But the theoretical ex-rights price is calculated immediately following the last day of a stock’s rights offering. This happened Friday morning. If this did not happen people buying in now would be shafted. So the extra shares are in fact counted in this price, and so here will be no great drop from here. It will trade normally up and down due to recovery sentiment.
Thank you, good luck to you as well.
Free Capital if we are ex rights yet the extra shares isn't factored into the SP, the why would somebody buy now? It would be illegal and immoral to allow people to buy now with no rights and the SP about to half.
Many of the very large shareholders pre covid are not in profit. They are not going to en masse dump in January during a the height of a pandemic, they are going to hold for years to actually make some money.
Most people who bought post pandemic are up. If they are not selling now, then there is going to be no great desire to sell later. I myself also plan to hold for years, I think there's to be a good comeback story for Tui.
HeresHopin is absolutely, 100%, spot on. The extra shares have factored in. If they weren't , and we are ex rights, then what sort of person would buy in now!?! Nobody on earth would design such a system as is being implied on this board.
I presume nobody is actually being serious when they say it isn't , and is just on a wind up. Which I suppose if you've got nothing better to do fair enough.
It's ex rights. This is the diluted price. It's an absolute win for anyone who bought post pandemic but pre RI.
Id still say it would be a reasonable assumption to buy in even now and it wouldnt be far off doubling in a few years. People want maximum certainty no RI and no virus and then the price to fall!?
I to was involved in RR and IAG, but am nowhere near as bitter as many of the posters here because I just simply held for the vaccine. The other classic line people will use soon is that the big institutions will mass dump when the rights are issued. It's all nonsense. These people will leave soon.
This will simply trade in line with others in the tourism sector and along the lines of the wider FTSE/vaccine sentiment now.
Well done all holders.
If this is the ex rights price what a stunning day this is. Well done all LTHs for holding. While I'm a big fan of the company, I didn't think it would be this high at this point. Real show of confidence in the company from investors.
Societe generale I take it back, they obviously know their stuff and got in just in time.
Surely thats incorrect. That's no way that can be correct. If you no longer qualify why would anyone buy now, just to have half your money taken. Who in earth would design a system like that. Also it's not 85% dilution, the SP will roughly half but holders will be averaging down by roughly half.
"Investors holding depositary interests over the Company's shares (DIs) on 11 January 2021 will be credited with pre-emptive subscription rights (DI Pre-Emptive Rights) that will allow them to acquire additional DIs representing New Shares at the Subscription Ratio and at the Subscription Price. "
I would say reading that it's the 11th that's the cut off to own shares should anyone wish to participate. Though the shares may well have rights attached to them from the 8th having read your post Balmus.
Not a 100% though.
11th
All great points Robert and only time will tell if the price will half in the next couple days. There's plenty posting recently with the same view.
They were all great points except one, it didn't fall 10% when vaccines got announced as you say, it was just above 3 pounds and now it's just below 5.
Oh Robert I'm suprised to see you write that considering you make so much money trading this. Follow your logic through, the SP would be zero if what you said was true, and everyone was days away from losing half their money.
What's actually happened is the SP has been on an absolute tear along with the FTSE since vaccines were announced. People can see the end of this.
I'm a very amateur PI. However i reckon I could get a job societe generale. They bought a load about 6 weeks ago over a high period. Then dumped all of them a few days after the RNS was announced for a loss on a dip. And now they've bought back in high again. I would presume their will be a small drop here tomorrow as well on the back of Boris tonight. Will probably find they sell again in a couple days for a loss.
They have more money than sense.
No. The vote tomorrow will confirm the RI will take place. You will then have the cut off date set to own shares by, should you wish buy and to participate. This date will probably a couple weeks time. After this date you will have the option to sell your rights, or buy them, again the process normally allows a couple weeks to action. It is only when these rights become tradable that you will see the drop.
Depending on your broker, some allow for currency fluctuations. When I participated in IAG, even though the rights were set at approx 88p (0.92 Euros), Barclays wanted me to have something like 92/3p per share. They refund after the rights, but it wasn't something I was expecting.
You can be as sure of the outcome of the EGM as the sun will rise. All major shareholders have already committed to the RI. Without it the company is bust. I doubt there will be a single shareholder vote against it.The RI discount has already been decided and is 25 shares for every 29 owned, purchasable at approx 0.96p (€1.07).
There's quite a lot of cautioned posts on here which I respect and may well be proved wise. All i will offer in response is waiting for maximum clarity; I.e. the RI finished and vaccines significantly distributed, will unlikely result in particularly good returns.
Hope so. I doubt covid will be history, but I would expect it to be much more manageable by then, and the company to be in a much better place. I do agree AZN approval should cause a decent rise, its so much easier to administer and much cheaper.
I do wonder if the 737 issues reported on Friday might cause some nerves, and drop it back a couple % next week. I'm not at all knowledgeable on the plane, but the last time Tui had issues with it there was a drop.
BioNtech co-founder "Scientifically, it is highly likely that the immune response by this vaccine also can deal with the new virus variant," Ugur Sahin said.
WHO emergencies chief Mike Ryan said new strains were a normal part of the evolution of a pandemic, and that it was not "out of control.
EU commission wants travel bans lifted.
SP staying strong at this level, even rising today.
They say self praise is no praise but it looks like I was absolutely spot on with what I said yesterday.
Well done all holders, if there are any here, it took a bit of nerve yesterday.
I think there is good reasons to be optimistic about the vaccine efficacy on this new strain and that it is not particularly more virulent, for some of the reasons I have already stated. I think I could add a couple more reasons.
If there was a high probability of vaccine failure to this the stock market would have torn this share to ribbons today, along with half the FTSE and all the major indices. It would render so many businesses unviable including this. As it happens Tui fell 0.98%. People far smarter than me, it would appear, share my view.
The restrictions are imposed by politicians. As this year has shown us, politicians are not particularly bothered by science and history. To be fair, id have done the same as the 40 odd countries today. Block travel to the UK for a few weeks, shows my electorate I’m cautious and protective.
Whilst a detailed timetable is not available, there is actually a vaccine rollout plan. The Health service journal proposes everyone who would like a vaccine, should have been able to have one by April. I do not know if they will meet this but it seems feasible. Even if they don’t hit this, the vulnerable population will have been vaccinated, the diseases has limited effects on young fit adults. You are right to doubt me, but perhaps its worth listening to Professor Sir John Bell who said life should be close to normal by Spring.
You’ll have to forgive me if I’m wrong on this point. But I thought the mcap was based on the number of shares. So, whilst the number of shares may roughly double, if the price of the shares roughly half then the mcap is unaffected and a fair reflection of the company’s value. So long as holders take up their entitlements to avoid dilution, then a doubling of mcap in a couple years, which I think is a possible scenario, holders will still do very well.