Member Info for MaryBr190

Volume rising nicely

Date Close Volume
23 Feb 2023 17.13 4,630,900
22 Feb 2023 16.40 7,469,845
21 Feb 2023 15.70 5,252,988
20 Feb 2023 15.20 5,136,039
17 Feb 2023 14.63 2,391,940

UK RR. Up 23% US up 19% RYCEY.

Momentum should continue. The US shares rose into close at 10 Yr dipped to 3.87 spurring on stocks.

A move below 3.74 on the 10 Yr will see s&p in the 4300 range.

The bond rise has spooked US and the vix has rise and put call ratios showing money moved out of the market so funds are under invested again. With little sign of the recession near term a rise in US and retest of the FTSE 8000 is due soon.

All change if the is the 1330 US figures show further signs of deflation.

Then off to the races as the ftse and US is s-t oversold.

Plus the sales at 120, 130 and carrying quantity in between. Soon gets a holding down sub zero.

All I know is I have a large quantity of RR. shares still in my ISA where the proceeds from the sales in RR. exceeded the total cost of all the purchases. To me the net cost is zero.

Goodness not that hard to fathom really.

Here is a simple example. Just different quantities and lots of trim and add trades.
Buy
1000@ £3.90
1000@ £1.30
6000 @ 80p
12000@50p

Having trimmed and added with right issues and well timed purchases my average cost of the shares in my ISA is sub zero.

John Wood rejected the bids, including an offer of 230p per share made on January 26 which valued the company at £1.8billion.

The proposals were ‘carefully considered’ but rejected because ‘each significantly undervalued’ the group, the firm said in a statement. Analysts at Jefferies said the offer is ‘materially below our upside scenario of 290p’.

https://www.thisismoney.co.uk/money/markets/article-11785899/MARKET-REPORT-John-Wood-shares-surge-snubs-takeover-bids.html?ico=mol_mobile_moneymarkets-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Fmarkets%2Findex.html

Background as reminder

https://m.marketscreener.com/quote/stock/TUI-AG-470539/news/TUI-completes-agreed-reverse-stock-split-at-a-ratio-of-10-to-1-43069950/

The New Ordinary Shares will commence trading on the London Stock Exchange at 8:00 a.m. (UK time) on 24 February 2023. The New Ordinary Shares will have the ISIN DE000TUAG505.

Obviously results tomorrow will be astounding asee hear towards £2.

Now for an ezj bid to cement the future.

Why do you say that? The vompany was on life support and effectively bankrupted with the other raises and wsf.

Now off life support. Getting stronger and in a new paradigm.

Here's to OAG doing a Roycey tomorrow.

JM has gone on the celeb circuit since Celebrity Hunted (on Sky) and his buddy Sly Burley (of the graveyard fame) has a cosy tete a tete yesterday.

If they can find enough money for the 400bn covid and to pay a nd train Ukranians - giving our equipment away - then the snouts in the troughs have too much and restore our defence budgetes and personnel.

Of course the EU army is still forming with monies from the UK too. Ain't it all swell.

lol twib

fwiw there will likely be no bid at this stage unless a KO bid by Apollo (never say never) but the company will grow into the raised valuation and merrily bypass the £2.30, returning dividends and growing successfully again.

A bid may come or not but what a trading share to add and trim - fantastic.

Here goes

----
Firstly to be eligible for RI you need to have a shareholding at the close before the exrights date. No details have been announced yet but will be before 31 Dec 2023 at the latest, likely sooner.

Stock rights offerings can be a popular event for investors and traders as they may create potential arbitrage opportunities through the rights offering period.
-----

1 the rights will trade as a separate shareholding which you can sell on your trading platform or through the broker before the payment for the rights is due. The rights can also be very profitable to trade in their own right but can be riskier.

2 Usually the rights can be purchased and traded separately after the ex rights date up until the payment date. If you hold past the payment day you have to stump up the cost per right share.

Not in the middle necessarily - it depends on the ratios and price of the rights.

Simple illustration (top of head)
eg say 2000 shares @ 160p going to £1600 - 10:1 now have 200 shares (consolidation)
entitled to 4:1 for £12

pre consolidation 2000 @ £1.60p
£3200 cost

post consolidation 200 @ £16
also £3200 cost

Rights available, 1 for every 4 = 50 x £12 = £600 further investment.
TOTAL cost 250 shares £3800

Theoretical ex right price
(3200 + 600) / 250 = £15.20 per share

or can also be calulated this way
(Stock price - Right subscription price) / Number of rights needed to buy a share.
£16-£12 / [4+1] = £0.80

£16.20 less 80p = £15:20

You would expect the share to start trading a a level around this and this will then trade depending the view of the success of the rights issue and it's appeal to the company +/-

During the exercise period the stock may trade at a discount of a premium and this can be volatile

DYOR

Plenty here for you to browse
https://www.investopedia.com/investing/understanding-rights-issues/

https://www.investopedia.com/terms/r/rightsoffering.asp

https://www.investopedia.com/terms/t/theoreticalexrightsprice.asp

Good show

We are committed to returning to an investment grade credit rating through performance improvement, and to resuming shareholder payments.

Investment grade refers to the quality of a company's credit. To be considered an investment grade issue, the company must be rated at 'BBB' or higher by Standard and Poor's or Moody's. Anything below this 'BBB' rating is considered non-investment grade.

claret et al

This pops up on HL when you get a quote so you can rely on this for confirmation of what is likely to be happening (for HL clients).

per HL
TUI AG has announced it will carry out a 1 for 10 consolidation of its shares, effective on Friday 24 February 2023.
TUI AG shareholders will receive 1 share in place of each 10 shares held at close of business on 23 February.
The process of the consolidation will begin on 24 February, at this point shareholders will temporarily be unable to trade their shares - this is nothing to worry about.
We’ll let those shareholders impacted by the consolidation know once the new shares have been received - which will be Tuesday 28 February.
It’s important to know that if you're a TUI shareholder you won't be able to trade your shares between 24 February until you get your new shares on 28 February.
Please note you will also be unable to transfer your TUI AG shares, to or from, other providers between 24 February and 27 February 2023.

trading range 270 330

- buy in tranches - trim into rises - rinse and repeat and the the average cost churns lower. seems to work well at the moment.

One day this will pop up - when the WFT is changed - reduced cash flow and no debt - dividends.

By ready for the pop above 350p

seems sound to me - perhasp it is the glow of WG. and RR. today giving my rose tinted view, but I am with you donalb. Good luck.