RE: Shorts Dilution Monday23 Apr 2023 21:50
c2645sg - just to clarify, are you saying all these large institutions who subscribed to the RI also have "rose tinted specs"
Of note in FY22 TUI reduced kfW's credit line to €2.1bn from €2.5bn along with the WSF repayment of €671m (€725.4m in total).
All I see here is a company who is doing everything it can to be prudent and reduce debt year on year.
You talk of the debt not being reduced per year c2645sg yet with the reduced payments and interest costs you should know that the key aim will be to continuing to repay the debt down (not just the interest)
Mike you are correct as far as I can see- these institutions understand the value going forward and I agree we are in bargain territory at the moment.
It will be an interesting few weeks but I can see a solid future for the business now and an exciting upside from these levels in the future