Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi all,
Hope you're all very well.
As some of you may remember, I check in to this board from time to time, as the chat is generally great and helpful - although seems a little strained at times currently?
The reason for coming through is that I'm surprised that there has been no discussion about the possibility of the government guaranteeing a 99% LTV mortgage with only a 1% deposit needed and which may well be announced at the budget on the 6th March 2024.
Now I realise that this isn't a Help to Buy scheme and it doesn't sound like such a scheme is being 'touted' for the budget, but as a 95/5% scheme is still available today for new buyers, do you believe that the above will 'fire' things up for the HB's or not - genuinely interested in your thinking and huge thanks
Hi deatr28,
For what it's worth, I'd simply wait - why, because when the UK shares are delisted on the 21st June and then all shares are converted into euro denominated shares on the 24th June 2024, you won't gain anything by doing stuff early - ie whatever the German shares SP is at the end of the 21st, we'll ALL get that price on the opening of the 24th, as I understand it.
Additionally, moving early may well involve costs and assuming that's why ii is actually offering this service, whereas I'm pretty certain that when the transfer actually happens according to Tui's timeline and confirmation of next steps, that Tui will take all relevant costs directly - only my assumption with this last point, but as costs have never been in any of the formal declarations about the delisting, you have to think that Tui will cover costs according.
Clearly only my thinking and hope it helps
SK, Not sure why you've become a broken record, but you really have and it's a shame.
My guess is you haven't got any stock positions right now and if so, that's of course absolutely fine - I was in a similar position about 18 months ago and I too, expected and 'spouted off' about the risks and downsides and only to see a pretty significant move upwards in stocks across the world.
Even if everything you share comes true, it means NOTHING with regards the stock market - let's be honest, the stock market and fundamentals have been dislocated for a long time now and as such, ONLY what MM's and ii's decide to do, affects the stock markets around the world - end of! If THEY want to cash in, we lose; if they buy, we win.
Finally, you may want to read up a little before posting some of your thoughts - so only yesterday, Bailey stated that he thought that the very minimal recession over the last two quarters had already finished and whilst I think that Bailey is a bit of a 'dick', I do really believe he will have his finger on stuff like this and rather than yourself.
So GDP sorted; Tax giveaways - again, maybe read up a little - there's LOADS of evidence that reducing taxes can actually boost the tax take - why, because both businesses and us , as consumers, will then spend more and hence boost tax coffers - so again, if any tax giveaways, tax take sorted.
Only my thinking of course, but posting constantly negative stuff about the economy etc etc, really doesn't add too much value in my opinion and when markets are moved by lots of other stuff
SW, Huge thanks.
Ref our deal with Ryanair today - seems great to me, although not being reflected in any positive SP movement - I must live in an alternative universe!!
So if I've got this right, the fact that Tui will be offering all the flights offered by Ryanair, opens up huge numbers of new markets, which Tui currently don't operate in and as such, enabling customers to then link in hotels; excursions etc etc provided by Tui - this is simply 'free money' to us surely? Also, assuming we get a fee for every Ryanair seat sold on the Tui site - again, free money to us and I wonder if that's why the BOD states a MINIMUM 25% increase in Underlying EBIT?
Or am I living in that alternative universe?
Hi Happyzone,
I totally agree with your sentiment!
As shared yesterday though and because of the topsy turvy 'ride' that Tui has given me in the last 10 months or so - of course much worse for LTH's of the stock - I've had to condition my brain to think of 'selling days' as simply washing out those that want to leave and of course that's fine, because what that does, in a positive way, is it builds a lower support range for the stock and much more importantly, enables new entrants based on the new SP.
So for instance - just two short weeks ago, we were flirting with the £5.20's and then of course nearing the £5 level itself - even with any 'selling pressure' for delisting etc, we're holding well at the £5.50 level - see what I mean?
So if we can continue to build in these higher support levels, then the SP WILL indeed move upwards - I sometimes come across little nuggets that also help me on down days and like the last two days - Buffet has said that time invested is your friend, ie sometimes you have to wait a little longer than you might like to, to want to cash out when YOU want to.
I know we'd all love to make money hand over fist and 'right now', but of course the world of investing doesn't work that way - so whilst we'd all love Tui to 'fly' and pardon the pun, I have no doubts that with a firm base being established that results will Q on Q actually deliver, then at some stage in the not too distant future, we will actually get there!!
GLA
Hi Dan_M,
Afraid the cost side of things is a 'million dollar Q' right now, although my guess would be that Tui would fund this - maybe wishful thinking, but as they didn't mention any fees associated with the delisting in their briefings and legal paperwork, I think we'll not be charged anything - but as I say will need that clarified by Tui directly, which will come out in the coming weeks.
Transfer on the other hand will be no problem at all - again Tui will confirm details through to us as shareholders and of course to our brokers, again in the coming weeks - so please watch out for that accordingly - but it will simply be a 'date confirmed' when our UK sterling shares will be converted in to Euro denominated shares and then all done - guessing this will likely happen in the June time and likely in the week when we delist and trade fully in Frankfurt only, ie the weekend of the 21st-24th June and as communicated yesterday
Hi WTIB,
Yes, of course you can - please see link below to help - for clarity the VAST majority if not all brokers will enable trading in the German stock exchange, because they are pretty much globally set up - hope this helps
https://www.ii.co.uk/investing-with-ii/international-investing/markets/germany
Hi Claret1,
So shares in London will continue to be traded until the 21st June 2024 and be delisted at the end of that day. So from the 24th, trading will purely be in Frankfurt and of course euro denominated
Hope this helps
Please see below for full details and guess 133 Million voting in favour is a decent representation eh
https://www.lse.co.uk/rns/TUI/tui-ag-f9r1d5i4mx995yy.html
Hi all,
Well, as loads have commented, what a 'demented day eh'!
So Tui have just posted the delisting results and 98% have approved it - THANK GOODNESS!!
Because, if you had any doubt whatsoever that delisting was the wrong result, just look at today.
The HUGE movements were down to the MM's pure and simple and they manipulating the SP in a liquidity crunch and driving the price any which way they liked to - simply appalling.
Can't wait til April for a Premier listing to start in Frankfurt and then on to joining the MDAX in to late June, which will STOP the sort of nonsense of today!
GLA
Hi all,
So just coming through as today's SP action is pretty much all over the place etc etc.
The reason for coming through is to say 'Ride the rocky waves', as investors we've all been here before and certainly with Tui 'unfortunately eh'!
It's ONE day and may get worse or better once the announcement of the delisting vote comes through, which should be around the 3pm time UK.
Again though, please try and take these things with a bit of a pinch of salt - unless you MUST cash in today, there's always tomorrow and the days and weeks following.
Sure, it can stress us all out, but equally on days like this, I've encouraged myself to think 'Ok all you sellers - good luck and good bye and see you on the other side, when I reach my Tui target for selling when I WANT to sell'!!
Today will pass and then we'll move onwards accordingly and genuinely GLA
Hi balmus,
Huge thanks for sharing - interestingly, Deutsche has been on 'our side' for the last 6 months or so and indeed gave us a buy rating I think from memory, back in the Summer of 2023, which was great - an indeed remains great based on today's posting.
What would be 'even better', is for other analysts to come out really positively too and I guess and hoping that this will happen in the near term hopefully
Hi all again,
Just a final reminder going in to tomorrow's results and hopefully a very positive day and week accordingly - think we deserve it eh!!
As shared before, the figure to watch out for tomorrow - if of course we're lucky enough to get there - is £6.30 - which is the top figure we achieved after the RI back in March 2023 and which has certainly proven an upper barrier to the SP - we've bounced off it a few times and we've never breached it, whether during intra day trading or close of play.
So a very important milestone and if we can crack it tomorrow or indeed this week, then TERP is certainly a closer milestone in the coming weeks and sitting at around the £8.40 mark from memory
Again GLA
Hi all,
A few queriers ref the delisting, so hopefully below will help.
As Clank shares, the brokers will indeed be in contact with all of us who hold the shares after tomorrow's vote - suggest you access the Tui site say from about 3pm tomorrow, as by then they should have updated the site with the voting of the AGM and specifically the delisting vote.
Additionally, Tui may then also release next steps in terms of clarification of dates etc and also possibly, when the date will be ref converting UK sterling held shared into German, euro denominated shares etc.
I'd suggest you won't hear anything from your broker until all of the above has been confirmed and knowing how slow some can be, it may not be until the end of the week or even early next week when your broker will confirm next steps etc - but as I say, hopefully Tui will provide much more detail tomorrow, as you have to think that they will have a full press statement 'ready to go out' to us shareholders and the press etc , pretty much immediately after the voting has been confirmed - whether that confirms delisting or not.
Hope this helps and GLA
Hi all,
Hope you're all very well going in to this important week for us and of course hoping, like everyone, that the results on Tuesday and any positive commentary from the BOD's at the AGM, sets us up for both a great day and week!!
Thought you'd be interested in an article in the Mail on Sunday's finance section that is headed 'Tui's plan to quit London Market finds new backers'......
What they say is that two shareholder advisory groups, namely PIRC and ISS have both recommended to their holders of Tui stock to support the delisting vote on Tuesday.
Just thought I'd share and GLA
Hi Mary,
Many thanks for sharing.
Interesting about all the 'negativity' with regards delisting, which as many know, I'm very keen about and for good reason I believe. What will be interesting next Tuesday and Wednesday, when the delisting is confirmed, is that those ii's and mm's who recommended the delisting to the board, surely will 'top up' big time once confirmed and as such, I believe it could simply add to the momentum - of course time will tell and GLA