Member Info for masaimara

And is that the Russian investor?

What part of this rescue package has come from the Russian largest shareholder? It is obviously to his advantage and benefit otherwise he wouldn't have done it!

No relevance as transaction was 24th November.

Just found out , they are an investment bank.

It dosnt mention any name as such , it states Societe Generale !! Whatever or whoever that is ?

What does anyone make of tonight's rns at 6.35?

I was responding to SAK50

What are everyone's thoughts for tomorrow? Up or down?

You have to be joking surely??

Just remember everybody , the Bods first priority is the company not the shareholders! Shareholders are nearly always sacrificed when a company has to get out of deep debt. Very worrying situation here now.

Hard to say which way this will send the sp. I personally think it is a negative as regards the sp but I hope I am wrong. Everyone please track the sp closely at the moment so you can react accordingly. Only my opinion of course.

I'm in a similar position to you Ian. Very difficult to know when to bail. I keep thinking back to Thomas Cook and their rapid decline due to debt. The management there though were extremely inept where as Tui seem to be managed very professionally and the German government do seem to have their backs. But nevertheless something has to give soon and what that is , is a very big unknown and it is that unknown quantity that could cause a rapid sp decline. Sorry to sound negative but I am a realist.

I hope your right Joe.

With all the euphoria about vaccines now behind us , the real big problem with TUI is raising its head and stalling the sp. That problem being of course increasing debt. It's the massive difference between Tui and it's big rival Jet2. Which is of course why Jet2 is now around £15. I don't think a brexit deal will have any significant upward movement on Tui sp so i believe everything is now factored in and any upward movement is now purely down to any good news from Tui themselves.

No just can't do anything with Tui on Halifax. Other shares no problem. Strange!!

Anyone else having problems trading Tui? Can't buy or sell instantly on Halifax Share Dealing!!

Tui have indicated that any rights issue will be "when bookings recover and when they start generating meaningful revenue". Also depends on urgency I suppose , how bad their finances are at any particular time. Simply just an unknown. Probably assetts would be sold first whilst sp is low. I would imagine they would want the sp up to between 6 and 10 pounds to make it viable but who knows. Urgency may require urgent action!!

Anapa69
As of March this year net debt rose to 4.8 billion euros which then equated to 176% of net assets. That debt is now more so as a conservative estimate i would say net debt now equates to at least 200% of net assets. Which means quite simply that their debt is twice as much as they are actually worth. To me that is a very big hole to get out of. And while there is going to be many rallies as good news comes out which is good in the very short term , im finding it hard to see light at the end of the tunnel Tui are in. Having said that I am well in here and just hope they can get back up to £9 or more but I am always ready to jump ship at short notice.

Anspa69
I agree any positive news will increase the sp as has happened with news of the 2 virus studies , but it is not sustained as it is with Tui's competitor Jet 2. They are up today whilst Tui is down. In my opinion you are underplaying just how huge Tui's debt is. It is around 6 billion at the moment , without ant further loans. That is huge and that debt has to be serviced and even with profit margins in a normal non covid year that will take years and years to clear. Debt is a company killer and companies can quickly spiral down hill and into administration. Something Will have to give sooner or later and it is this fear that scares investors. As you say most companies operate with debt but not with such a ratio of debt to net worth as Tui. All due respect to you.

There's a big reason Jet2 recovers much quicker than Tui ---TUIs enormous debt !!