Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
but shorts buying back yesterday:
https://shorttracker.co.uk/company/DE000TUAG000/
But the group said on Thursday that demand for travel next summer was rising and that 50 per cent of its programme for May 2021 was booked. Average prices for summer holidays next year are 14 per cent above 2019 levels.
source ?
....Why going up today when RI is meant to bring it down to 300 ?...
The shorties are buying back:
https://shorttracker.co.uk/company/DE000TUAG000/
1) 509 Mio shares not € 509 Mio.!
-- ....followed by a capital increase by means of a rights issue of approx. 509 million shares. ...-- (in the the german version its 500 Mio shares)
2) not 107p .Its €1.07 !! --The subscription price shall be € 1.07 per share,..--
3) 45 % increase of shares ? 590 m to 1090 m is about 85 % increase .
well done
https://www.dgap.de/dgap/News/uk_regulatory/tui-reaches-agreement-with-private-investors-banks-and-the-german-federal-government-additional-financing-package-billion/?newsID=1411554
investing ?
RNS : ..The financing package also provides for a reduction of TUI's share capital from € 2.56 per share to € 1.00 per share (without merging shares), followed by a capital increase by means of a rights issue of approx. 509 million shares. ...
actually there are 590 Mio shares outstanding ! I have a bad feeling.
may be a RNS soon ?
Negotiations about new state aid for Tui shortly before the goal
BERLIN / HANNOVER (dpa-AFX) - The negotiations on new state aid for the travel company Tui are about to reach the goal, according to information from the German press agency. On Wednesday morning, the Committee of the Economic Stabilization Fund came together for deliberations, as several insiders reported. Representatives of federal ministries sit on this committee. Stabilization measures are planned for Tui, it should go to a contribution of more than one billion euros
https://www.finanznachrichten.de/nachrichten-2020-12/51397453-verhandlungen-ueber-neue-staatshilfen-fuer-tui-kurz-vor-dem-ziel-016.htm
you should read this, but you need a translator
Insider - Staat will TUI erneut helfen und Eigenkapital zuschießen
(01.12.2020 17:42)
Insider- State wants to help TUI again and inject equity
(12/01/2020 5:42 PM)
.. "Something will happen soon," said an insider. A rescue package with several parts is planned: State equity aid such as a silent contribution, loans from the state-owned development bank KfW KFW.UL and guarantees or sureties for package tours to strengthen the liquidity of the tourism group and its travel agencies ...
..The majority should therefore come from the state's equity, a smaller part from KfW loans or their extension. Big owner Alexej Mordaschow, who holds almost 25 percent, is on board for the rescue operation via a capital increase ...
https://de.investing.com/news/stock-market-news/insider--staat-will-tui-erneut-helfen-und-eigenkapital-zuschiesen-2081255
TORRES SAYS THAT AGREEMENT IS MADE FOR ANTIGEN TEST FROM DECEMBER
...Torres said that the aim is to have this decreed by Tuesday, December 1st, so that it is actively in place for when travel is allowed again from the UK from next weekend when lockdown in England finishes,..
https://www.canarianweekly.com/posts/torres-agreement-made-for-antigen-tests
Todays news in the FAZ:
When things get tight, allies are known to be more important than ever. The tourism group TUI can obviously count on the support of its major shareholder Alexej Mordaschow in the current difficult situation, writes the FAZ. Investors seem to like this loyalty.
in german:
https://www.deraktionaer.de/artikel/aktien/tui-in-der-krise-tun-russische-freunde-besonders-gut-20221408.html?feed=TRtvHrugxEKV2n-qR2P-ag
if shorties continue to buy :
https://shorttracker.co.uk/company/DE000TUAG000/
https://www.cruisehive.com/35-day-caribbean-cruise-departing-in-december-sells-out/43592
people want to travel:
35-Day Caribbean Cruise Departing in December Sold Out!
https://www.cruisehive.com/35-day-caribbean-cruise-departing…