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Before any one shoots me , I am an investor in Tui as many on here are and want the sp to surge as we all do. Covid restrictions gone , no barriers to travel , people are wanting to go abroad and although Tuis capacities has increased this report is not as upbeat as I thought. Yes we have a cost of living crisis but I don't think this will significantly stop people going on holiday. In my opinion the one main reason the sp isn't surging is still the debt level. Yes some have pointed out that debt levels may be down to pre covid levels and they maybe but it is the servicing of the debt which is the big problem , the cost of which is badly restricting any profit growth. Servicng that debt could be up to 16X what it was pre covid for any unfixed debt rates. A massive , massive increase badly eating into profits. Interest rates pre covid had been very , very low for a long time initiated by the financial crisis and debt built up by Tui during this period of low rates ( which as a consequence was a good time to build up debt ) was easily managed. That has now changed for the worse , for how long we don't know and until interest rates significantly reduce will be a major problem for Tui. What is going to significantly push up the sp as things are at the moment? The only thing that can is people going on holiday with Tui , more so than pre covid and also increased prices. I don't see firm evidence of that in this report to. I don't see major strides forward with the sp until interest rates significantly reduce and there is no signs of that untill next year at the earliest. Massively increased earnings will help but I don't see that coming from this report. Dividends are highly unlikely for the foreseeable. None of us want it but If high interest rates persist then I can quite easily see another Ri next year to reduce debt and make servicing of it easier. Tui have never stated definitively that there will be no more Ris ( no company can ) so don't rule it out. Lets hope there wont be but we can only wait and see
Agree with you Hexam. Considering the full removal of travel restrictions and the bullish reports of other companies in the sector , for me this is a disappointing report. Just not strong or positive enough going forward.
It would be great to have dividends reinstated this year but I would be absolutely surprised if that happens. I think next year is the more likely timeframe what with the turbulence of the recent RI and consolidation.
There are a few people on this board who must spend hours and hours and days and days just reading posts and repeatedly responding to posts. It strikes me as being very sad that these people have nothing more constructive in their lives. It is very unhealthy and I feel very sorry and sad for them that they havnt got anything else to fulfil their lives. Life is very very short in the scheme of things and we don't know what is around the corner. Please think about this and try to get some fullfillment from life itself before you realise it's too late.
c2645sg ------ 430m a year in interest? Are you for real? You need to study the facts more before pulling a figure out of your head. Think we've got another Walter Mitty here as your certainly not in this world. I have to smile though with some of the things you come out with.
Anon3
Morning ---- I went to Dalyan last year with Tui for 2 weeks. Booked it in April about 3 weeks in advance and there wasn't much choice or availability left at that time. It cost £780 each. Looking for the same hotel now for same time next month from same airport. It's on for £640 and there is more availability and choice than last year when I booked. So my post yesterday was related solely to my own holiday search at the time I wish to go. Not looked at other times of the year or long haul so can't comment on that. But from my search for what i want it is definately cheaper. Maybe Tui have increased capacity and maybe people will book really late I don't know but it does concern me a little as to Tuis load factors for the coming season.
Been looking for a Tui holiday for first half of May. There are a massive amount still available and quite a few at big discounts. I know a trend at the moment is booking late but I am only talking 3 weeks away. Not sure if sales are going to be as good as implied by Tui! Hope I am wrong.
MikeS02 ---- Bit confused by your post today at 11.26 which says the rights share price is £5.10 each overall ? This is a massive mark up of what it should be and is surely wrong! At today's exchange rate Halifax are charging £4.888 per share with no fees. What you have stated is 21p per share more than this in fees which means for every 100 rights shares purchased there is a fee of £21? If someone has 4000 rights shares they would pay 4000 × 21p which is £840? I think something is wrong with your figures somewhere!
Yes Halifax have ringfenced the money for the rights this morning. The GBP to Euro rate has gone down slightly for the worse today to 1.135512 Euros to the pound. This is the rate that Halifax have used for the ringfence which works out at £4.88763 (€5.55) per rights share. No fees are charged by Halifax.