Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
0.97p post RI and once stable is an incredible call aspers. Id short with the kitchen sink, house and my granny in, good luck. Your going be making serious money.
You would get 43 shares in your scenario. After the EGM, you will be notified of the RI date via your broker/trading platform, and an action will be requested before the cut off date.
Why would it go down that much further down? It was a 6 billion pound company start of 2020, currently trading at 2.5bn, with mass vaccination and travel opening up in a couple months. The balance sheet now shored up, government backed. Yes there's more debt, but you wouldn't be able to buy a company with no debt at this price. The risk is priced in, though I think short term a no deal brexit would send it lower. People will try and frighten others, saw it with RR. Not sure why they do it. It all worked out fine, and it's my belief it will be here as well.
It's in the EGM agenda on their website
finally they have released the entitlements..25 shares at €1.07 for every 29 shares owned.
300 SP!?! To the levels at full lockdown, no vaccine and no end in sight??Robert you've shown yourself to be a red hot day trader so far with almost proheptic vision, so this assesment has me worried now
Touche...I just looked at the headline 2% up figure.
Tui well up in frankfurt, not sure what's up with us today
Lovely stuff that's red hot trading. You work on the finest of margins, just a couple pence, and keep making money. Even on the down days.
Doenst mean that at all. The stake has already been sold. All it shows is societe generale are fairly amateur.
Societe generale sorry
Did societe nationale buy at the high, and then sell all of that stake 5 days later on the dip??
Lovely stuff. I never enjoy people losing money, but when the pros c*ck it up like that it is a little amusing.
Quite agree this really isnt very bearish now. Shorts closing and loads of good news coming in. Tomorrow the UK starts mass vacination. Despite the pantomine i think there will be a brexit deal. While i am a holder, I would be pleasantly suprised at any very large rise into a RI. Even though it adds the certainty of liquidity into the bumper 2021...it's because the won't give us knowledge of the entitlements!
Well we may be making the same point then, that RIs aren't inherently bad once announced. And I 100% agree, and say so in all my comments, that TUI really do need to be more forthcoming on entitlements.
I'm not sure about tank on no deal , the drop in the pound may insulate many in the FTSE 100 from falling through the floor, and its not like many are starting from a high point either. Surely they will get a deal mind. It will be a catastrophic failure of statesmanship, and who would want to go back to their electorate and heap even more pain after covid because we cant agree over fish??
I may be out by a day or two. However the point stands that we didn't have to wait for the RI transaction to see massive growth, it was within a couple days. It was in response to Newby saying it doubled AFTER the RI.
I certainly agree the market hates uncertainty which is why I wish Tui was more forthcoming. But if people wait for absolute certainty then the opportunity for good returns may have already gone, as with RR; or you may get a better one, as with IAG. I think with the end of the pandemic coming any swings will be much smaller now; My own opinion is small SP decrease in the run up to EGM is most likely due to uncertainty, but with scenes of mass vaccination centers and I presume a brexit deal and lifting of travel restrictions, who knows, maybe even a small increase could happen. I don't need every last % profit though, and am quite confident Tui will do very well next year.
Incorrect. rolls was taken down 10% a day BEFORE the RI. It was the uncertainty that killed them. As soon as the RI was announced the trading arms of the underwriters absolutely torched the shorters, some if whom even had absurd 3x leveraged short postions on rolls at a quid! That's why it doubled in a week, BEFORE the RI. Check the dates. IAG fell after the RI and almost met the price of the RI postion. So it didnt work out for a month or so, but so long as your patient it worked out for everyone in the end as IAG are now in a good postion. Neither situation can be compared to Tui. Not least because the shorters are closing their positions now and the end of the pandemic is a matter of months away.
What I would have preferred is for tui to be more upfront with the entitlements, because it's difficult for people to take a position when you don't know how much extra you will be asked for. Uncertainty will not help people to buy in, though that is going to collide with a lot of incoming good news. My guess is a very small decline into December, with a very big rise next year. It is though, only my opinion.
Apologies lets try,
You are right. I am doing rather well on those two , but part of the reason is they were dragged so low to begin with. With IAG it actually took weeks after the RI for the SP to resurface. I do not intend to mis lead anyone, but i almost sold RR and it may be helpful for some people to read an example where the RI wasn't the end of the world, I knew it would have helped me during RR . I stand by my statement that so far I've not lost out via a RI. There is risk here. There's a chance this could fall further than 10%ish which i expected, we are on the brink of it already.
But rather than water down everything I said, there were the same comments back during RR about the company going bust. Tui really only has to get to the spring and holidays will surge, which I expect 1.8bn will do
Let's try,
Find where I said its risk free or easy? I did not buy either at the highs I admit but I still participated fully in both. It took a lot of courage to be in those shares pre RI. RRs got took down to a quid before it announced its RI. Afterwards theres barely been a red day. Both LTHs and more recent holders have benefited hugely because the company was strengthened. Everyone seems terrified of a RI but I can only tell you as a find, I've made massive losses before them and sacks after them.
I've backed my view with experience. If you want guaranteed money maybe you should have a look at a savings account. Of course there's risk but nobody made any money without it.
A 5-10% drop is to be expected as people who don't have the money to participate bail(not sure why as tui always said there's a RI coming), SP stabilises and then back up. Making heaps on RR and IAG post RI because it strengthens the company past a temporary hurdle. This actually takes less courage than those two because the end of the pandemic is in sight now. Fail to see how adding liquidity is anything other than good, and confirms the German government has got their back. There's an avalanche of holidays coming from spring/summer 21 onwards. Fair play to anyone who got out at 5 pounds but it's my belief you've left some money on the table. l'm looking at greater things, just like RR and IAG. People probably just need to open their investment horizon up a couple years and look past a couple weeks volatility.
Sounds very similar to the deal given to Lufthansa, which got them out if trouble. Got to give it to the Germans, they really back their businesses. The more you read the more you realise it's only adding liquidity and strength, with favourable terms that you just wish was availiable to british firms. Wonder if state aid allows this, but they waved it through for luthansa. Boris take note. And with mass vaccination starting Monday.