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With a RI of 509m equity raise and an mcap of 2.8bn, thats approx just under 20% of current equity being offered in new shares. That can give you a rough idea of your entitlement to the new shares. That may be to simplistic as I don't know what silent convertable and non covertable participation into shares means. RR and IAG were much more forthcoming when they announced their RIs.
I do hope it's a RI, which is what they have said they said they would do all along. A placing would be highly frustrating. But i cant find any dates or entitlements which is a concern.
Could happen, though my experince suggests the SP will probably drop a couple % over the next couple days people who dont have the money for rights drop out. This should be limited to a few % because tui have always stated there would be a RI on SP improvement, and all the big shareholders have commited to the new equity, meaning i would be suprised if theres a large drop.
Compeltely agree. It's crucial to take up as many of your rights as possible to stop dilution, which I did with RR and IAG. It's hard to see how it could have gone better. I do feel for people who held at pre pandemic highs, but without the RI the companys would likely be insolvent so there was no choice. With it the LTH shareholders stand a chance.
Tui have always been up front about the need for a RI once things improve, so I kept a bit back for such a purpose. Hopefully others have done the same.
Suprised and a shame to hear that it didn't work for you.
Receiving a mountain of RR shares at 0.32 was incredible and has paid me handsomely. And the RI sured up RR finances and stopped the daily SP decline. In my experience the RI gave me an opportunity to get shares at a price that will never be seen again. As far as I can tell the only people that lost out would have been the people who sold before the RI.
I wonder if the same will happen here. As my only experience of RIs is making stupid amounts of money whislt improving company finances, I'm always happy to hear to other points of view.
Which ones keep calm? I'm always looking to learn. The two I went through with RR and IAG I'm now making sacks of money a day on.
Examples of bad ones will keep me from maybe being to blaise here.
The shareholders are the company, the interests really are the same. I wouldn't get to worried that the BOD are looking to sevretly screw you, this is purely about liquidity until the summer. The vaccines are here and normality by spring, I do think it would be a shame if people get spooked out of their shares at this stage after holding through the dark times, but we must all make our decisions.
The RI has been backed to the by the large shareholders. Mordashov is committed to the extra equity, and he doesn't become a billionaire by torching money on bust companies.
What has annoyed me is I can't seem to find what the entitlement is, which makes it hard to budget for the RI. Does anyone have any details? It could be I'm being daft.
If you sold nearly all at 521, it's us that should be asking for your advice, well done.
History with RI is it normally goes down on the speculation, once announced (where we are) there's a couple of down days whilst people try and get out who don't want to commit any further money. Then it stabilises and goes back up.
My personal favourite is there's quite a few idiots that think the SP tanks when the new shares are issued. This never ever happens and is an arguement for another day.
Have they posted the RI entitlement?
I'm not at all bothered about a RI. Been through it with RR and IAG, both doing incredibly well now. I'd expect the SP to be far more solid this time with TUI, the visibility to the pandemic end is now known, investors were flying blind with RR and IAG.
Could prove to be a nicely timed buy there Doug. The Sp does seem oddly low and stubbornly resistant to recovery so far.
This is 20% down from it's pandemic high point, when hospitals were closed and no end in sight. Societies are being geared to full opening in a few months time, yet this is 1% + down every day. Trying to find any reason for it, when other industries affected by covid, such as tourism, are surging. Fundementally this seems a good company with plenty of demand.
I presume the mass bonfire that the directors are heaping their own shares onto hints there is something deeper here that I'm missing?
Suprised by the continued walk down of the price here. Continued good news of vaccines and economies opening up. Normal by easter is being described and S&N posted record revenues at the start of this year.
Sunak announcing and extra 3 billion to shift the back log in procedures. Whilst 50% of activity is US based, Biden is surely going to facilitate extra healthcare spending. Stryker has even recovered all of its losses and now posting new highs yet this dives down. One thing that doesn't help is the incessant RNS issues describing BOD sales, it's certainly starting to make me think twice.
Are solar panels and mass ev batteries/cars and charging infrstructure cheaper than oil?
Certainly not arguing Paul, I enjoy a different view otherwise id never learn anything new. I think we virtually agree anyway. GL to you
I would have to disagree Paul, but my opinion is no more valid than yours.
The government simply does not check if any of the things it says is possible. Look at the world beating test and trace and moonshot for a recent example of many. Boris just says stuff. He doesn't check with any experts to see if it's possible. He's not a details man.
Battery technology is so far off. I'd say for planes it's actually impossible. The battery would need to be collosal. For cars, maybe. But can the grid cope? What is the speed of charging your car? I'm regularly queing at the fuel station when petrol takes seconds to add to the tank. Hydrogen and renewables is not new tech. Its been around for ages. I've been to many presentations where hydrogen fuel cells have been trashed as inefficient and terrorism risks. If large scale renewables was viable we would have done much more, because money is what drives the world. It will cost 5x furloghs to get this out. The green party recognised this and said it would cost a trillion. Does the UK have a trillion? Even if we do emerging markets don't.
And let's just say the tech is possible in that timescale, which I don't believe it is, BP will have be involved in this. I'm not a climate denier, I know we have to and will change but not a chance in that timescale. In my opinion.
To summarise, I'm still feeling quite secure with BP.
Agree with snake eyes i wouldn't be overly concerned with the Carrie Symonds 10 point plan.
Technology doesn't exist yet for this. Planes would need a battery the size of house for long haul travel, national grid struggles to cope with kettles during x factor let alone millions of cars charging.
Hydrogen technology as it stands is inefficient and offers a large terrorism risk.
BP is going to be involved in the role out electric vehicle Charing point networks anyway.
BP are investing in renewables.
Emerging markets will have no interest in expensive renewables unless we subsidise, or forcing their citizens into purchaidng 30-40k electric cars. Wont happen and will allow them to further catch up with europe. All this should offer a level of support to the oil price.
This can be emonstrated by the SP barely moving today in response to Carrie Symonds 10 point plan.
Been a part of this board and RR for the last few months. For every sensible comment over that time there has been some abolute lunatics. Almost breathtakingly dumb. Judging by the comments they have left now.
I think people will probably look back on this in a few years time and think I can't believe we didn't load up on RR IAG etc.
I said I would message you guys on vaccine news,so well done to the guys who held or averaged down this year. You deserve it for iron resolve. Tough year for shareholders but the amount that's rolled in the last couple days made it worth it.
Prof sir John bell said by spring we would be very close to our old normal...let's hope he's right.
Surely that's not the same angry teddy telling everyone to wait for 75p, and we are all bullsh*t candlestick loving rampers??good to have on board I suppose.
Asians markets doing well, American futures flat and ftse futures -0.5%. Had a British lockdown been priced in a certain amount last Wednesday? I've a couple shares I'm keeping an eye on as I thought it could be the last big buying opportunity, but maybe we will only see falls of around 5%,and not the massive discounts of March . Shame. Oil taking a hammering though, shell and BP might be good buys for tomorrow.
Im looking for some advice/opinon. My own personal belief is this is the last big buying opportunity for a number of shares before the vaccine gets announced.
So I have a question on people's buying strategy in general. Do you guys just buy just at 8 at maximum fear? Wait to for an hour or so to see where it's heading? My presumption is there will be a small recovery as the day goes on as people work out the world isn't ending.
I realise that nobody really knows the answer, but your opinions would be helpful for me on when to buy tomorrow