Member Info for Justbeing

Bit rich Parsnip calling people gormless when you stated after yesterday’s RNS you hope the company goes bust and therefore crystallising your paper loss plus it’s current value.

Live Happy

If they go to the wall as you hope then you’ll lose your final third. Quite idiotic. Surely emergency debt reduction in high interest environment is a good idea? Let’s see, dilution maybe mitigated by year end results.

Part of the reason they are where they are now is that ordering last Christmas was anything but slick.

225p to 6.5p in 10 mths. Oversold or an accurate reflection of the reality of an unrelenting tide of problems that have piled so high they are now looking insurmountable.

Profit is sanity ! Losing mine in these rocky times!

Jamesy1980 - ‘revenue is vanity, profit is vanity and cash is king.’ £100m of cash in flow is great but not so good if the cash out flow to support that revenue generation creates negative cash flows. Not a sustainable position for long without cash reserves or lines of credit to weather a storm or two.

Dachshunds , hoops and floral designs are so passé. My wife was a big fan but in her words the range has become staid, predictable and boring. Do they have the resources to refresh / design new lines? How many wellies and boil in the bags waterproofs does a woman need .

Liquidity and refreshing a very tired looking range of clothing.

Same here, H&L are testing my loyalty and from feedback of others there are other more attractive platforms on which to trade. Always held back by being out of the market whilst my portfolio is switched which as I write suggests a somewhat arrogant and without justification that I will lose out!

Enjoy your holiday. Article in FT today firmly put the blame and ground services outside airlines control but having a negative impact on their ability to operate to their capacity as I have been banging on about.

Difference between Tui & Jet2 is that the latter use their own ground staff for baggage handling & check in appose to other airlines who contract out to Swissport. Tui have not oversold holidays they have been undermind by ground services.

Delays loading baggage , check in and security will eat into the time the aircrew are allowed to be in charge of the aircraft that includes time waiting on the ground and if that waiting time results in the crew exceeding their CAA regulated hours whilst in flight then a new crew have to be taken off standby to replace original crew.

The high number of delays caused by airports and ground services it’s inevitable Tui and other airlines will run out of available aircrew on standby in these exceptional circumstances - all airlines only have a finite resouce of aircrew but even then many may be surprised how many pilots an airline will employ to keep one of their aircraft operational - there us usually plenty of slack but situation is far from usual and Tui , Easyjet, IAG , KLM et al have not deliberately oversold they have sold to their capacity under the expectation ground services could meet the return to normal scheduling.

Anecdotal experiences of 3 couples are not going to extrapolate in a mass exodus of customers from Tui to Jet2 , in fact based on my experience it will reinforce opinion Tui offer a superior package and will see customers who seek alternatives during this time to return for their next holiday whilst not forgetting at least 90% of Tui holidaymakers during all these issues are enjoying a great holiday experience as promised they just dont happen to be your friends or of any interest to the media.

https://simpleflying.com/airlines-ask-uk-to-relax-post-brexit-worker-rules/

Shapps deflecting blame as his traffic light system did its best to completely cripple aviation and force airlines to cut more costs and increase emergency funding. Staff couldn’t survive the Govt reducing levels of furlough and strapped airlines couldn’t pick up the shortfall forcing staff to move on. Overarching it all we have Brexit the gift from Uk Gov that keeps on giving and preventing airlines relocating staff from EU bases to help address the staffing issues in UK . Its a pity the Unions dont pick up on these points and prefer to bite the hands that feeds them . All their members would be stuffed if the airlines hadn’t done all they could to survive 2020, the gross ineptitude of Shapps border controls during 2021 and like us all swim against the tide of a Brexit so damaging to be a monumental failure of state - an act of gross negligence and dishonesty.

Need to desist from the narrative that responsibility for flight cancellations lies solely with the airlines - we’re lucky we still have them or have a choice .

If anybody believes majority of staff shortages are not due to Brexit they are simply wrong, its the same issue as in health and care sectors.

Also the majority of the problems Tui have is that they use Swissport to run their airport services such as check in & baggage handling and it is Swissport who are having staffing issues and without whom Tui like other airlines cannot run their flights. It is not true to say Tui have oversold its more a case that companies like Swissport have under delivered.

However , for every company in the airline industry and those closely associated if they had not massively cut costs during the pandemic we wouldnt be sitting lamenting about impact on SP as the stock like many others would have gone the way of Thomas Cook.

6 flights a day across the board not just Manchester. Jet2 have a different large me up demographic imo and narrower offering.

100 per cent correct analysis & assessment!

Brexit the gift that keeps on giving - feel sorry for those with holidays cancelled except for the Brexit Gammons & those who moaned about all those Eastern Europeans coming over here and taking our jobs. They’ll have to suck up passport check queues in Europe too not to mention paying to send their look at me posts on social media.

Tui cancelling some flights but nothing on scale of squeezyjet and perversly it may reflect good business for Tui as all travel commentators are repeatedly telling holidaymakers to book a package to guarantee full refund. Book own accommodation and fly Easyjet you’ll unlikely to get a refund on your villa etc and those who get burned by that may change to a package next time.

Considering bad press SP is holding up well , proves their assertion that bookings were booming!

Parsnip - Monday you were moaning we’d see the 20% loss back, yesterday moaning that PIs were down 50p and today your happy. Glad you’ve seen the light .

Hopeful it’s bottomed out and degree of comfort remains that share placement settled at 220p. Sitting on a loss but bizarrely found myself almost happy to see the price fall just for the comedy value provided by the hapless Parsnip. Hang in there P you’ll eventually have nothing to moan about.

If the FTSE goes up and at the same time a stock goes down it doesn’t bode well ? Blimey, i’d better off load my holding in Glencore.

Parsnip - Tui by this placement have released themselves from the covenants imposed on them by emergency State loans which probably amongst others precluded them from paying a dividend. More importantly it reduces their exposure to risk and the need to pay the ongoing servicing costs of these loans. Ok the issue of equity has diluted the share price but the benefits far outweigh the temporary hit to our holdings . Long term it can only help the attractiveness of the firm as a place to invest and that will obviously be reflected in the SP.

I don’t understand why you cannot see the benefits of the placement and bear in mind those invited were not mandated to invest and encouraging for shareholders they chose to do so underpinning the opinion of some that it’s a good strategy.

Your whining is tiresome and if you can’t handle fluctuations in the equities market perhaps you should invest elsewhere or if you are that unhappy with the management of Tui then it would make sense judging by your comments to cut your losses and reinvest in a company you do have more faith in. You haven’t lost anything until you sell.

Shakin : why do you believe the Summer will go as bad as you expect? Did you read the HY report ?