Member Info for iParsnip

I hope from today we start to see a recovery in the SP

It would be terrible if a Gaza rocket landed on Mooky's house

But not entirely unexpected, “Shareholders will be wiped out”.

Is it Clon's tech or NCX tech though?

Don't we need one of the big boys to come in on this? I would have thought Musk would like to harvest his own lithium for Tesla batteries.

Trouble is I know that if I sell my poxy £800 worth from original £5500 the next day we will be back to 90p!

So after a terrible week of deliberation but finally taking action, I am in the camp who does not have funds available to put more into TUI. My break even point is now £20 which I actually find quite sickening. I think I'll see how quickly we might get to £10. With so many corporate actions I do not know how SP of £20 equates to pre pandemic prices?

Umm..... when will there be good news? I might plough another tenner into Clon

That's not a very good pun to be honest. Are you any better at forecasting the future?

Do we know when anything will happen next with Bolivia? After a lot of excitement a few weeks back everything has gone completely quiet.

CWWX No but I had to sell a lot of rights at £1.05 to have money available to exercise the remainder (at £4.88) that I didn't sell. It's referred to as tail swallowing.

OK so i tail swallowed and sold 1220 RI to buy 252. Got a price of £1.05 so considerably better than this same time yesterday. This has been the worse event in my investment journey.

Thanks Hexam, I phone AJBell nd there are away of an issue and will be reposting to people's account shortly, apparently.

OK thanks Hexam

To make matters suddenly a whole lot worse my line/value for rights issue has just disappeared from my AJBell screen

I am not making myself clear.
i have 552 TUI shares and 1472 rights issue
If I have 552 shares worth say £3400 can i sell them and buy 696 rights for £4.88 thus increasing my number of shares to 696.
Then sell 654 RI at 91p giving me approx £600 to buy the remaining 122
Then i end up with something like 818 shares

Thanks Hexam. But if the current SP is say £6.17 what about selling current holding to buy RI at £4.88?

So i still havent done anything yet. The falls of the last two days seriously doing my head in.
But is there a glimmer of something not as dark as it has been in the last few days?
For example i am thinking would i be better off selling my 552 TUI shares at today's increased price to use the proceeds to buy some of my rights issue, and sell some of the remaining rights issue at today's RI price (91) to tail swallow a few others?
If i have calculated correctly i think i would end up with something like 940 shares.

On my AJBell looks like the RI price is back up and currently 81p

Hi Hexam, with everyone else i thank you again for your composure and considered responses. You can see I have no composure left.
Is it just wishful thinking to hope that the RI price now at 37p might increase before the deadline next week? I know if i sell at 37p now that by 4pm they will be £3.70. Becuase that is the luck i carry.

Dear Bearded ****,
Thank you for your message. As you already know we announced a capital increase by ad-hoc announcement on 24 March. Amongst others, TUI has published an Investor presentation, a press release, several regulatory announcements and the Prospectuses. Please find all published documents on the capital increase on our website via the following link: https://www.tuigroup.com/en-en/investors/capital-increase-march-2023
With regard to the shares of TUI AG (ISIN DE000TUAG505) traded in Germany, last week one subscription right (ISIN DE000TUAG1E4) was automatically booked by the depositary banks for each Existing Share held by the shareholder. Thus a shareholder for example received 3 subscription rights for every 3 Existing Shares. These 3 subscription rights can be exercised to subscribe for 8 new shares (5.55€ each new share) of TUI AG. However, it is also possible to only exercise parts of your subscription rights or to sell all or parts of your subscription rights. The subscription period runs from 28 March to 17 April with subscription rights trading ending on 12 April. Investors are recommended to follow the respective guidelines of their depositary banks.
The Company intends to use the net proceeds of the Offering of approx. €1.75 billion to reduce interest costs and debt. As previously agreed with the WSF, the €420.0 million convertible Silent Participation I made available by the WSF and the outstanding €58.7 million 2020/2026 Bonds with Warrants, including all warrants, issued to the WSF and including accrued interest at a total market value of around €750 million will be repaid in full. Additionally, the net proceeds will be used for the full repayment of current drawings under the KfW facility. As of 23 March 2023 these amounted to around €440 million. With the remaining net proceeds of approx. €568 million the current drawings under the €1,454 million Cash Facility will be reduced to approx. €870 million. As of 23 March 2023 the drawings under this facility amounted to around €1,438 million. In addition, the Company intends to significantly reduce the €2.1 billion credit line under the KfW facility to €1.1 billion.
TUI thus will have good balance sheet structure again and the Executive Board is doing everything they can to further improve the Group's profitability. TUI is reducing its interest costs and as a result creating a solid basis for the future. TUI wants to grow profitably again and gain more market share with additional customers and new products. The booking trend also continues to be very encouraging.
Please be reminded that we, as TUI AG, are not permitted to give you any advice or recommendations with regard to the share price development.

With best regards
TUI Investor Relations

TUI AG DI E R 1 PRE-EM RT 12/04/23 1,472 0.3767 GBP 554.50 9,339.52 -8,785.02 -94.06% 0.00

i wrote to TUI and asked why they had completely ****ed me over

They basically said i was a ****, a stupid **** with a beard.