Member Info for Blakester2

Hi iparsnip, I deal with AJ bell for SIPP. If you want to take up rights logon, Hover over ‘My account’ written at the top, which will generate a list of options. From the options brought down, click on ‘Corporate action. Click on the TUI rights event and then the first link that mentions ‘Response required’.

Scroll down and either tick the ‘take all action’ box for all the rights you wish to purchase, or enter a specific amount you want if not all. This will give you a total cost, which you will need to make sure is available before pressing the red ‘Allocate’ button. Hope this helps, you can also decline all!

Thanks Mike that’s good to know as wasn’t aware!

I’ve been able to purchase more rights as the rights are trading in the market for the duration of this event, prices have ranged from 95p to 65p (morning) for the right to buy at €5.50. Therefore I've take up the rights allocated at EUR5.55 and additional units purchased from the markets. These will then be allocated to my SIPP sometime after the 12th…..if the share price drops to below €5.50 + 65p then I’m down compared to what I will be able to purchase shares at after the 12th on the open market, complete gamble but I’m hoping these won’t drop much lower than £5.50 time will tell

I’m in the same boat Jeffrey and taken up RI today, assuming there is not a further RI down the line which I think would be outrageous given this recent debacle I’m happy to wait this out as I truly think the airlines have turned a corner. DYOR

I have bought through my pension plan so this could be the difference.

Thanks Hexam, it’s all jolly odd. I’ve taken up the Rights at 65p after selling my holding last week. I may take more up tomorrow as the rights are dropping everyday. Initially the rights were being sold through AJ Bell at 95p and have dropped 30%… I seem to be able to buy unlimited amounts of rights, but as some say the share price looks like it’s continuing to drop!

I was only initially allocated 1360 shares in the RI that I could buy, now it’s seems I can buy unlimited amount

With AJ bell I have a TUI AG DI ER 1 PRE EM account which is allowing me to buy as many shares as I like currently at a price of 0.65p ….can anyone tell me why this is and what happens to these shares after the 12th? Thanks

Keep an eye out for IAG's Q1 results on the 5th. Might be a good indicator although MM's seem to change direction with the wind. My Tui flight taken last week was packed, not a spare seat on the plane!

I think you're right about recession, how deep who knows, IAG have their Q1 results out May 5, airport passengers numbers are just below 2019. Will be interesting to see their figures.

those 1200 shares will be worth whatever price you paid for them today and fluctuate as any other share. They will not be eligible for RI as you bought them already at a discounted rate today.

The airline industry is in a much healthier place than it was when IAG were forced into their RI. TUI need to service their debt to the German Authorities and who knows what terms they received. I did sell off quite quickly my IAG shares at a profit, and there may well be people doing the same thing with TUI, however the industry is in a much healthier place than 24 months ago, so I’ll be buying and holding I think! I’m a fairly new investor in TUI so only slightly down! Good luck in whatever people decide to do.

I flew to the Caribbean yesterday with TUI and the plane was super full. I also bought the rights issue when IAG did their consolidation 18 /24 months ago cannot quite remember, what does stick in my mind, is that I was very happy to buy these shares issued at discount as they literally increased by 30% within few days. I’ll be buying my shares at discount on Thursday, and holding as my belief is that the airline industry are turning a corner. This said I’m no professional investor, so DYO research! It’s all a gamble and I can quite easily see a recession in the next 3/6 months !

Ill start building my bunker Jonny

Yikes

Supercharger thanks for sharing your insights and story, yours and svends posts are a breathe of fresh air!

Svend what a great play on words you have and I completely agree with blue skies ahead, seat belts are fastened, bring on 130 ??

Compound please enlighten me on where you would put your money to work if not BP. I’m really interested in what other equities / ETFs you have in mind?!

Well said spights, all people have opinions, and that’s all they are, backed up by some research! Probably very little, other than articles found in the media circus and this board!

Let’s hope for a good day, but let’s face it who knows!

phew, I'll stand down then :-) apologies...