Member Info for chumba

Totally agree about false break outs...which has been evidenced a few times now. However surely any sp above £5 would allow the new shares to be traded at a profit...so until those have been churned, then don't expect that much of a climb. However, I have used today's price dip to greatly reduce my average and will now play the waiting game.

TUI in Germany now at E5.87 (15 minute delay). Whilst at Kaufland I noticed the sp dived, so now home, thought I'd get back in...which I did. £11k worth and so far so good. But WTFDIK as no doubt someone monitors my trading account and uses my buy as an opportunity to short.

The board continues to implement the fallback solution, which is the orderly wind-down of the business, which is expected to result in no value attributable to shareholders once the wind-down is completed. For the benefit of creditors, the board continues to be open to any indications of interest from third parties for any part of the business.

No me old AMIGO...up 180%...now that's lift off!

we have lift off!

just those above 700 to go now.

This has been a testing period for us LTHs and well done all for having the faith. I was thinking that I ought to take our local train to Langenhagen and give the TUI board a piece of my mind. But now the results have been published perhaps I'll just sit here and enjoy my silence! However, my main question is why the dickens has TUI managed to get itself into this mess in the first place? It appears to me, that they were late in identifying the extent of the problem Covid would cause, criminally late in reducing costs and late in doing this bail out programme.

On, on!

Bob...let's hope that the RnS you are waiting for doesn't announce a cash call.

TUI was upgraded by Citi as the bank recalibrated after the travel group's rights issue and upbeat update last week.

After completing its rights issue last month with the shares going ex-rights on 28 March, the Anglo-German group reported strong demand for travel bookings across all markets.

Citi analyst Leo Carrington updated the bank's forecast model for the company to reflect terms of the rights issue, upgrading to a 'neutral (high risk)' rating from the previous 'sell (high risk)' stance.

"With the stock having abruptly de-rated 22% since trading ex-rights we see valuation upside," the analyst wrote.

Explaining further, he said that beyond "the opportunity embedded in the current valuation", TUI was given a neutral rather than a buy rating amid a context of summer 2023 booking volumes still being down 11% compared to pre-pandemic 2019 as of 5 February, though the latest statement is "suggesting some upside to these levels".

Citi's share price target was also cut to 750p, reflecting the higher-than-expected dilution from the rights issue and the application of a wider discount to competitors, but unchanged earnings estimates.

"The volatile and uncertain economic outlook combined with the recent share price performance driven by the rights issue dynamics also to some extent highlights the limited institutional investor interest," the analyst said.

Guten tag pillow. You have 10.3M shares. Wow! good luck and let's hope that you get into the black soon! I must admit I crystallised my gains last thing yesterday, but will be watching this like a hawk on Tuesday.

Thanks again Steff for organising that event with Tone and the gang in that nice London hotel. Finally, some brilliant news and the Mrs will now get a creme egg for Easter!

Sleepy here...What;s happened! Singapore slings all round!

just wondering what the opposite of this is as looking at my recent share purchases, I appear to have it!

I am still waiting for the buy case now it's a pound cheaper.....

Hexam. Crystal clear. I shall suggest that TUI no longer uses an on line translation service and employs you instead!

In at 707. Is that a sign fot it to take off?

Is my computer kaputt?

Still. Sorry, but I am quite good at buying Mars Bars on a 2 for 1 offer or Buy 5 and get 1 free, but Tui's prospectus is beyond me and I think it is designed to confuse. Living in Germany there are times that things over here are exceptionally smart **** and written by a person who knows what they want but cannot communicate with others. Oh, if only this was written by an American who have the ability to explain difficult concepts in Janet and John English!

May I suggest that you contact James Trimble, who is one of their Investor Relations Managers?

+ 44 (0)1582 315 293

I honestly think that this is becoming a minefield to invest in. So, for the time being, I will consider other travel related stock until this financing issue has been settled.

our operator TUI AG announced it is raising €1.8bn by issuing stock at €5.55 per share as it bids to significantly reduce its debt pile.

The move comes after TUI's agreement with the German Economic Stabilization Fund (WSF) and a successful 10:1 reverse stock split.

The company plans to use the net proceeds of around €1.75 billion to reduce interest costs and debt.

This includes repaying €420mln to the WSF, €58.7mln in bonds, and reducing the €2.1 billion credit line to €1.1bn.

The capital increase will improve TUI's credit metrics, allowing the group to focus on growth and market recovery.

TUI's net debt would have been reduced by €1bn, lowering net interest payments by €80-90mlm annually. The company's gross leverage ratio for its financial year 2023 is expected to fall to around 3.0 times.

TUI also confirmed continued strong booking momentum, as reported in its first-quarter results on February 14, 2023.

E5.55 a share or about £5. And the current sp is £13. So, ladies and gentlemen, expect a closing of the gap. So, beware of ze German humour as they do have one, but they do appear to be 'aving a larf at the moment!

Fingers crossed for Tone and the gang over at GST! I too have a sizeable holding!