Member Info for MarbleMadness

No doubt the BoE will eventually release a new sterling crypto coin. One that it can control the bookkeeping.

During the rollout of the new currency, banks like Lloyds will have to deal with both tenders and act as an exchange.

Eventually the GBP will disappear. Since the cash is digital it'll allow us to hold our money in digital wallets. Can banks survive just on lending crypto? Or will we borrow direct from the central bank?

I don't see crypto fully taking off just yet but it's just a matter of time now. Is Lloyds and all other traditional banks heading for a death by a thousand (crypto) cuts?

Are we really looking at negative rates or will inflation start to rise when the lockdown eases?

There must be so much cash sloshing around waiting for an exit point and that'll be consumer goods, holidays, cars etc

EmmaCV

The rights issue process is just a way of a business raising money by issuing new shares. As you were holding before the ex rights day you've been given a load of new rights shares. You have the choice of taking your rights e.g buying the shares at about £1 each or selling them at about £2.50 ish.

At the end of the month the TUI ordinary and rights shares will be merged (assimilated).

If everyone buys the rights, TUI raises 500 million squidoodles. They're doing really well at the moment so why your seeing a gain overall. It's likely to do with the UK and Europe having vaccinated over 6m people which is also accelerating.

My question is, what happens if I dont sell my Rights?

Depends on your broker. I use HL and they said:

If you don’t do anything, we’ll group your rights with other HL clients and try to sell them for you. We will pay the proceeds after charges to holders on 22 January. On occasion a lower price may be obtained when grouping sale orders. If we’re unable to sell the rights they’ll lapse with no value and be removed from your portfolio. You can sell your rights yourself if you prefer. The deadline to do this is 4.30pm on Wednesday 20 January 2021.

IMO I'd suggest either buying or instructing to sell.. don't leave it.

You can sell your ordinary shares and do whatever you want with the rights shares.

If the share drops to £2 can we count on your support to buy tons of them lifting back up to £3 by the middle of Feb?

Bargain! £2 for TUI when they used to be over £10.

Sensetalka

From the TUI management report 2019.

TUI share started off the financial year at a price of € 16.56. From the start of the financial year, the market environment was characterised by numerous announcements by tourism companies lowering their earnings guidance. During the course of the year, a significant share price correction resulted from TUI’s adjustment of its earnings guidance on 6 February 2019. It was mainly driven by three sector headwinds: The negative impact of the Summer 2018 heatwave resulted in later bookings and weaker margins in the Markets & Airlines business. Moreover, a shift in demand from the Western to the Eastern Mediterranean resulted in over-capacities for certain destinations, particularly the Canaries. In addition, the UK market was adversely impacted by the sustained weakness of the British pound following the Brexit debate, which made it difficult to pass on higher costs and improve margins.

From mid-March 2019, the TUI share price was additionally impacted by the grounding of the Boeing 737 Max, resulted in a further adjustment of the guidance for the underlying EBITA. Due to the grounding of the jets, TUI had launched measures to secure its customers’ holidays. A recovery in the share price was ham-pered by uncertainty about regulatory re-approval of the jets and the uncertainty resulting time and again from the ongoing Brexit debate.

Anything above 250p would be marvelous. But I think it will be higher.

IMO if you starve people for a year then there will be a feast. Everyone around me keeps talking about holidays holidays holidays when this is over.

The median of Mr Meerkats competition guesses comes in around 63p. Well.. if Lloyds does exceed 60p this year then i'm sure there'll be corks popping all round.

Here's hoping that once all of the 80 year olds and vulnerable people have been vaccinated, the death rate should drop off quickly and we'll see some results in a few weeks.

ASP1, i'll join the party and my guess is 68p.

Happy weekend all.

10.5m people in priority groups 1-4 (This includes vaccinating all residents in a care home for older adults and their carers, everyone over the age of 70 and all frontline health and social care workers)

6 weeks to do 9.5m (1m already done) = 1.58m people per week.

Is that really the maximum speed it can be done?

"There are officially 530,000 doses of the Oxford/AstraZeneca vaccine ready to go from Monday, along with an additional 450,000 arriving arriving in the next 24 hours

A further three million Oxford doses are in vials awaiting safety checks – a process that should take a few days – with 15 million more waiting for "fill and finish"

Pfizer has shipped "millions" of doses to the UK in 21 shipments

Added up, there are close to 24 million doses of vaccine either ready for use or available in a short space of time."

GET A MOVE ON!!!!!!!!!!!!!! Seeing Lloyds stuck in the 30s is giving me sleepless nights..

Well considering the EU will probably not approve the Oxford vaccine in January and has limited Pfizer doses, it'll be interesting watching the UK economy blast off into space sooner.

Market re-opens Tuesday 08:00am

Investors are betting on a surge in the pound and a flood of money into British stocks as London and Brussels stand on the brink of a historic trade deal.

Analysts predicted that sterling could rise by as much as 6pc against the euro to its highest level in months if a Brexit deal is finally struck, while hedge fund chiefs are preparing for international markets to fundamentally change their view of Britain – triggering a jump in value for unloved UK shares.

It came amid briefing from both sides that a trade agreement had been reached, with the final details still being ironed out as talks stretched into the night.

Y'all a bunch of gamblers.

Anyway i'm up £5k in the last few minutes. Happy Xmas!

Also.. the MHRA is receiving the latest AstraZeneca trial data today so imminent approval hopefully.
It's a war zone and we need a big bazooka.

Forget Pfizer and think Astra. The Pfizer vaccine is slow going because of the required cooling whereas as the Astra shot can be delivered by every man and his dog. There are plans to use venues like football stadiums, race course, conference centres, pharmacies etc

Roll out starts in Jan and there are 15 million doses ready to go.

Hopefully you've got some dry powder left for Monday?

Buy the dip!
Buy the dip!
Buy the dip!

Will this be the 40p Friday? Fingers crossed.

I'll be celebrating with a fish and chip takeway.

"The EU's chief negotiator said that the UK had moved on the level playing field negotiations and that now the “architecture” of the system had to be agreed, including a possible “rebalancing mechanism”, which would redress unfair competition if the UK diverges too far from EU standards. "

Just the fish to agree on then it's rocket ship time.