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Sorry £2.17 not £2.71
If I remember it was as low as 1.25 in mid May 2020?
It's difficult to track the share price due to the 2 rights issues but I've just taken a look back at my holding (now sold). Pre-Covid I held £52k of shares at an average £7.58. Just before CV-19 I was up 20% then of course the price was all over the place. By the time the first RI came about my new holding came to £58k at an average cost of £4.51. The share price rallied after the first RI to the extent that I could have got out break-even, but within a week it had plummeted again and I got out at a 13% loss. If I had stayed in and taken the 2nd RI then my average holding would now be £69k at an average £3.64, so today's price of £2.71 would see me with a paper loss of over 40% so I'm thankful in many ways I got out when I did.
TUI will survive I have no doubt, but there won't be any divi's for several years (one of the reasons why I bought in) and I think that the share price is somewhat more realistic today given the company's indebtedness, however it is currently being shredded by the new wave of CV-19 sweeping Europe. One final round of Capital raising can't be ruled out and I for one wouldn't have the spare funds to finance that given that RI2 was twice that of RI1.
I'm certainly going to keep an eye on TUI and hope 2022 is kind to all holders GLA
If Q3 is a typical quarter going forward, that's circa £8bn pre tax profit per year which makes the P/E ratio around 4.5, is it me or is that a crazy multiple?
“MrjimV
Interest rates may rise but how many people do you know that have a mortgage that is tracking the base rate? Most home owners would have locked in a 5 year minimum deal”
I’ve been on a lifetime tracker (BR + 0.17%) for 15 years+ with the Nationwide. It had a collar that if base rates ever fell below 2.75% then my rate would stay there, however they never put that fact in the Key Facts Document so could never legally impose it. Thanks Nationwide for the, more or less, interest free mortgage. Only 1 year left to pay so base rate hikes coming at the right time for my Lloyds shares ??
More like 20m
Looking at the trades there was a 52m share sale that went through at 16:35 @ 46.2p and overall volume of 216m trades which is on the high side for this share.
That's my average too. Have held since July 2016. :-(
You think this reaction is bizarre have a look at BT. Results in line if not slightly better than expected and the share is down 8.5%.
Not sure I'd want to be in this on Monday. The Indian variant is going to substantially influence what happens after 21st June and the impact will only be worse in Europe due to their inefficient roll out of the vaccine. GLA
Nothing inept about this phase of government response, this is solely due to the lack of coordinated effort in Europe to facilitate an efficient vaccine roll out
Alyhels, I’m really of the same opinion, but I reached 55 yesterday and everything became a little more real in terms of shorter/medium term impact.
As much as I hate to admit, I'm out this morning. I don't agree with the way Thunder2040 piles on the negativity, but the fundamentals aren't great and I've had a tonne of money tied up in this that I need to invest more wisely. I had a chance to get out with a 30% profit before the pandemic, paper lost around 65% of it at the worst and got out with a 12% loss. It will also stop me worrying about every government briefing!! Good luck all.