Member Info for Marcinkus

I've been on the phone for hours.

TUI just decided to refund the British depositary receipts for shares at current price instead of reassigning new shares. My bank never told me I needed to make this request. They just gave me back their cash value at yesterday's price. Looks like I've lost 60% of my investment. I have no words.

Deutsche Bank, I called and the call centre said they have no idea on what happened, they will contact me tomorrow with info from the share dealing team.

Looks like the transaction had no pricing, no sale was made, no quantity just dismissed whole and removed from my portfolio. The thing is, they've already converted them to EUR and moved it to XETRA with a similar procedure (sell/buy) so I don't see why this has happened.

I fear they just dumped my shares and tomorrow they will just give me back what they were worth as a result of some hidden bank routine procedure after a de-listing?

I have a bad feeling about this..

Can anyone explain this?

https://uk.marketscreener.com/quote/stock/TUI-AG-470539/news/Banks-place-TUI-shares-for-46-5-million-euros-47281851/

My bank just wrote off my shares (60% down) they said it was because I didn't communicate I wanted them converted in Euro shares. But his is utter BS as I was never asked to do so nor notified my shares will be dumped at a random date if I didn't make the request. Has anyone experienced this?

Unbelievable:

https://www.fool.co.uk/2024/06/17/the-darktrace-share-price-has-been-surging-and-it-could-climb-higher/

They're not just fools, they're really clueless. Can't believe these people are paid to write this rubbish. Gives you the measure of the non-existent reliability of any of their "analyses". Never listen to MF, always DYOR.

Mike thank you for your input always appreciated.

Maybe Hexam might help with this? Back in the RI days Hexam provided very helpful input on the matter.

Hopefully still invested and still reading this board?

If it's not back to 180 by Friday I'm out.

Even 1 single day on NVDA would yield more than 3 months on IAG..so I'm considering the last 2 years on IAG basically a net loss since missed gains.

This is a good idea, the problem is Heathrow though..

https://www.standard.co.uk/business/british-airways-to-hire-350-staff-to-avoid-heathrow-summer-chaos-b1161999.html#:~:text=British%20Airways%20will%20increase%20staffing,in%20the%20peak%20summer%20season.

Heathrow's CEO should stop fantasizing of the third runway and make it a normal airport. For the love of god please install those d*mn liquid scanners!

https://www.ttgmedia.com/news/emirates-chief-slams-dismal-heathrow-terminal-46715

As many have said here, debt, geopolitical situation, oil price, inflation, lack of divis etc.. it's all logical, yes, BUT I don't think any of these are good reasons for IAG to be stuck in limbo like this.

I think it's more because there's no strategy, no vision and Senor Gallego clearly tries to keep it afloat with smoke and mirrors (ie 7bn revamp). Numbers clearly show people want to travel no matter what. It's just IAG it's not there to properly reap sentiment and take their cash.

Results should be way better than that: in the last couple of quarters they just showed that basically IAG companies can do their bare minimum job.

Markets price in for future development not current capacity. IAG needs a solid business strategy, drop Air Europa and TAP BS and re-focus on core business and slots/routes expansion. ONLY THEN, big investors will come back together with divis and solid growth.

Thank you Mike great peacekeeping!

Could you also come on IAG board and talk to Sundezena and on DARK to reason with CR888? :)

For TUI in particular, I think the SP suffered from a sell off of people or investors that do not want to trade in €. There will be more pressure on the SP in the coming weeks with more brokers sorting out their paperwork and effectively pushing investors to decide whether to trade in € or sell.

OR maybe it happened because of overtourism protests in the Canary Islands? (unlikely imho)

https://www.independent.co.uk/travel/news-and-advice/spain-tourism-protests-tui-tenerife-b2545455.html

Same for IAG, right after positive results and positive Moody's re-rating.. total nonsense.

Put together some news maybe had cross knock-down effects and might explain a bit but not sure if it's enough to make most airlines lose more than 6% in just two days:

https://www.dailymail.co.uk/news/article-13423579/Brits-severe-summer-holiday-disruption-Boeing-safety-crisis.html

https://www.independent.co.uk/travel/news-and-advice/easyjet-ceo-johan-lundgren-step-down-b2545997.html

https://www.independent.co.uk/travel/news-and-advice/easyjet-ceo-johan-lundgren-step-down-b2545997.html

Https://travelweekly.co.uk/news/air/tui-ranked-among-top-10-best-big-company-employers-in-uk

Not only that.

IIs buy FTSE 100 stocks for their dividend returns. So if TUI doesn't even mention that there will be dividends at some point, it is not even considered for their portfolios, especially with the impending market change and current travel industry risks. So even if quarterly results are great, the returns from dividends make it or breake it for big guns to enter.

I'm tempted to go and edit this Wikipedia page https://en.wikipedia.org/wiki/177_(number)

to add that 177 is also the most stubborn and annoying resistance level for IAG in 2024.

Can't wait for the long weekend so I'll stop looking at this utter nonsense.

If anyone was interested in DT they would have bought it already.

Been here since IPO, didn't really believe first offer was to going through so I held my shares even after the surge. This time looks like it's going to go through. I have never experienced a buyout, what happens if I hold the shares?

Will they just sit there no changes, just different owner? are they going to be moved to another stock exchange? or will I be forced to sell?

Yanks tanking everyone and everything as usual...

And yet SP500, NASDAQ go up.. do they only buy stocks in their afternoon????

One might say there's an "Iron Dome" on that 1.80...

I'm pretty sure if Ben were to calm down we could fly through it like good ol' Concorde.

Ok *timidly opening a can of orange San Pellegrino*

Hope not too many profit takers tomorrow.. what a week!

Breathing again.. I'm an optimist, however, I also know that anything that happens on LSE before 1430 doesn't count..

I'll sit and wait before cracking open a cold one