Member Info for masaimara

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.

MikeS02 ---- I have not been quoted nor informed of any FX fee from Halifax? I have just been quoted by them of a straight £4.86!

Any thoughts on how the sp will move tomorrow anyone?

Maybe small shoots of stabilisation poking through today!

Yes wish I had sold all at £1.07 but that's the beauty of hindsight. If we all took the right course all the time we would all me millionaires (maybe you are lol ).

And how much of the dillution is already written in to the sp?

Hexam ---- what's your take on the sp when the new shares hit the market later in April?

Lse is open as normal on Thursday.

I'm with Halifax and can't buy rights through my trading account

downbutnotout -- Example --- to buy a rights share is £4.87 to us. The right itself is 70p which we don't have to pay. If we don't take up our rights and sell them for 70p each now and use that 70p to put towards buying shares on the open market after the rights issue is completed at an sp of say £5 then we would only have to find another £4.30 per share. So 1 share post rights issue would in effect cost us £4.30 instead of £4.87. If the sp post rights issue is more than £5.57 (£4.87 + 70p) then we would gain by taking up our rights. This is all in relation to today's TUIB price of 70p and an assumption that the sp will significantly drop post event.

Hexam --- Yes at the moment its a 43p gain for each rights share we take up. What I mean is If the sp drops to say £5 on completion of the rights issue then we would have been better selling out rights now and get 70p each and use that 70p towards buying the shares on the open market at £5 minus the 70p giving a price to us of £4.30 saving us 57p per share as opposed to buying our rights shares at £4.87 each. It all a question of balancing the risk and how we see the sp going

£4.87 to buy right share , right price approx 70p , total £5.57. Current sp around £6. Got to the stage where you have to ask is it worth taking up your rights now with a big risk for the sake of 43p per share --- (7% of current sp) as opposed to buying on the open market with the probable sp drop when the rights issue is completed

My biggest concern with Tui going forward is the possibility of another rights issue after this one.

Some downward pressure also today on travel stocks because of the rising oil price due to opec reducing output to keep prices up.

leepo01 --- An option ( NOT ADVICE ) would be to sell your current holding at today's price ( currently £6.10 ---- £6.20ish ) and use the funds to buy as many rights as possible at £4.87 and hope the sp holds up. It's what works best for you.

Ash11 --- I Completelty appreciate your reasoning and your actions which you have decided is the right decision for you. I have considered completely coming out of Tui but will decide on one of the options I previously mentioned. There are no good options just damage limitation.

Well Golitha I have been working out all my options today and it all boils down to how much confidence I have in Tui going forward. I am loath to invest more but taking up all the rights will obviously give the lowest average but with a lot more investment but would give the best and fastest return if the sp goes up. My second option would be to sell my current holding , buy as many rights with that money and buy the rest of the rights giving me a £1.16 higher average average but with half the layout but with a slower return if the sp goes up . My third option would be to sell my current holding , buy as many rights as possible with that money and tail swallow the rest of the rights obviously giving me an even higher average and again a slower return if the sp goes up but with no layout. And my fourth option would be to tail swallow all my rights with no layout giving me the highest average.
Going to assess things tomorrow when the market opens and decide. Hope everybody makes the best decision for themselves because this is a personal decision based on personal circumstances and individuals confidence in Tui which is going to be different for each of us. What is right for one isn't going to be right for everyone. Sorry to harp on but everybody remember to do something with your rights , don't do nothing because you will get nothing. Good luck all and make the right decision for you.

Golitha --- sorry I meant are many of the investors on this Tui chatboard taking up their rights?

As a point of interest are many of this board taking up their full rights?