Member Info for MikeS02

Hi all,

Hope you're very well.

So clearly happy the sale has gone through - that said was actually hoping for £1.5 billion of share buybacks for 2026, which would be the £1 Billion from this sale and then 500 million to come from the 'regular' shareholder distribution strategy - so for me, actually a little disappointed, albeit of course significantly better than the 500 million for 2025 - is it just me?

Hi Meconopsis,

Brilliant and really appreciate the update and help on this one

Best

Hi licker,

Hope you're very well.

So they announced everything on the 7th February 2025 and so I'm hoping that this coming week or the week after (with it being the 1 year anniversary etc) will confirm everything has gone through; L&G are £1.8 Billion to the better and we have another £1 Billion in share buy backs on top of what's announced on the 11th March 2026 - that's my hope anyways

GLA

Hi strictly,

Yes, your figures look correct, thank you!

Just a few thoughts to share if I may - with the current capital allocation plan, I have to say that I'm happy at the balance of dividends and share buybacks - interestingly, the highest shares in circulation were 6.1 Billion a few years ago and with the proposed spend on share buy backs in the coming 2-3 years, then this could take the current total to about 4.75 Billion shares in existence, which would be their lowest tally 'on record' and so not a bad intent on behalf of the BOD's in my opinion - seems like a good balance.

Also, please remember that in the FY results last year, they stated that they had a 'large store of future profit' of 14.8 Billion, which of course they can realise over time and add to their capital allocation at any time.

Finally, read an article recently that stated that all insurance companies have far too much cover when it comes to their Solvency II Capital coverage - ours as of last year was 232% and this article was arguing that it should and could be less than 200% 'easily'. Being towards the top if not 'at the top' of this solvency cover vs our competitors, again gives the BOD's loads of opportunities to release this both back in to business opportunities and their capital allocation framework.

All of the above were certainly drivers for me in considering in investing accordingly

So just thought I'd share and GLA

Hi all,

Hope you're very well and just thought I'd join the conversation quickly, as I invested about a week ago and very happy to own the stock!

strictlybricks, hope you're very well and just wanted to share that Blue_boy is correct in what he's saying - so if you go back to the PRT announcement back in February 2025, you'll see that out of the 1.8 B that L&G will receive for the sale, that 1 B will go in to further buybacks and this is on top of the usual capital allocation and as referred to by yourself.

So can only be great news and just thought I'd share to clarify

GLA

Hi all,

Many thanks for your kind words and wishes - very kind!

It has been a rollercoaster and I invested in Tui, like many, for the growth potential in the sp, which unfortunately hasn't really materialised, unless you were lucky enough to get in at the very lowest point, which I certainly didn't.

Have left with a profit and I'm likely heading back to high dividend payers, although right now, I'm sitting on the sidelines to see how early 2026 plays out - never quite like it when pretty much all markets are at their all time highs and sentiment is very bullish - where have we all heard that one before.

Clearly 2026 may well pan out to be as good a year or even better than markets have achieved this year and if so, I wish everyone the very best in the investments - GLA

Hi all,

Just a quick message to share that I've cashed out my shares in Tui - shared previously that I'd wait until the end of the year to make a decision and I made it this morning.

May I wish everyone the very best

Hi all,

So great to see our SP at the highest it's been since the last and final RI back in March 2023.

I know it's still got a long way to go to ensure that all of the LTH's get their monies back and hopefully more too, but at least we're at such highs vs others in our arena that are still 10; 20 or even more %'s away even from their highs for this year.

We do have resistance at 9.29 and so if we stay above this today - currently at 9.35 and then we finish up to Christmas ahead of this level, then the technicals are really positive - shorters are now down to 5.39% as mentioned by mas and all we need is for some further closures to fire up the SP even more.

So great to see us moving forwards - can I wish everyone a brilliant Christmas and very best for 2026 - still hoping for double digit (euros to start with) by the AGM and then onwards and upwards beyond that

GLA

Hi Stille,

Lovely to hear from you - many thanks for the feedback and hope you had a lovely break - think you're still invested in Easyjet and Wizz, with both moving forwards, so hopefully will be a great year end for you too.

Bit like Wizz, we need some of the shorters to be put under pressure to close their positions and hopefully this will occur between now and the AGM, which would be great.

Hope you and your family have a brilliant Christmas and very best for 2026 too

Hi all,

Just one final point to add to my post below - we've not had the 'usual' end of year rally and not just for our stock, but for all of our sector - so last year, the whole sector did really well during November and December - this hasn't materialised so far this year, but what happened for some shares in our sector late last week and for ours today, may well be the start of that sector move upwards - wouldn't that be very nice!!!

GLA

Hi mas; 4PetesSake and Forest34,

Hope you're all very well.

Yes, according to Marketscreener, the high for this year is 9.30 euros, although, anything into the 9's and beyond would be great and based on today, seems like we could be in the 9's by the end of this week alone - wouldn't that be lovely and a brilliant way to end the year - on a high!

As for the next 6 months, well like everyone else, we can put our fingers in the air etc and guess, but there are indeed some things that could well play to our advantage:

1. The US market is often pivotal to how the european markets do etc and whilst we're very closely tied to the MDAX and dependent more on the German market, if the US markets get hit, then so does everyone else. The good news, is that Wall Street is getting very confident for 2026 and the US markets and as such, will help us along the way

2. Whilst we know that the Russian/Ukraine and Gaza wars are dragging on for far too long, you never know and there may well be progress - just imagine if indeed both wars were ended once and for all in the early part of 2026 - now that would indeed power our shares - no doubts at all with that one

3. The shorters are holding their ground - indeed just checking, it looks like they've slightly increased upwards to 5.68% - ouch - what a day to add more shorted shares and very happy for their loss! We do need a dramatic reduction in shorted shares to really see a difference to our SP imo and so this is a difficult one to predict and one to keep an eye on, as once they start to capitulate - if indeed they do - then the SP can go up very quickly indeed - so for instance if indeed point 2 comes about, think the short positions would close pretty much immediately

4. Today traded just short of 8.5 million shares whilst the normal trading day is between 3-3.5m million shares - so clearly a big player has bought today and hopefully a number of others will recognise our value and follow suit

5. Finally and I know another poster mentioned this last week - with our AGM on the 10th February, there could well be some additional interest in our shares at the start of February and to lock in the 10c dividend by the end of the 10th and for payment on the 13th - may well attract some other big players

So Forest34 - as I say, it's a finger in the air really, but I'd be disappointed if our SP isn't in double figures (euros initially), by our AGM - but of course, if any of the above becomes reality, then the whole sector could be re-rated and our SP could fly significantly higher - right now analysts believe our low SP should be no lower than 7.9 euros and the high is 16 euros currently, with a median of 11.18

So hope this helps and GLA

Hi Forest34,

Hope you're very well.

My guess is that it's a bit of a 'catch up' on other stocks within our arena - so last Thursday, there were big rises for cruise related stocks in the US and UK with most rising 6-7%; then you had Wizz last Friday rising 7% and so simply feels like a bit of a rotation into these stocks by a big player or two, which of course is great and may there be many more!

There may also be a bit of positioning with regards the Russia/Ukraine meetings, but likely less so than mentioned above

Take care and best and GLA

Hi all,

Many thanks for sharing thoughts - so it looks like 15% withholding tax will be applied dependent on whether your broker has done the right 'stuff' etc ref paperwork with the relevant authorities - let's be honest though, at 10c per share and using today's conversion rate of say 0.874 and then applying the withholding tax of 15%, we're talking about a Divi payment of around 7.4p!

So as we have all alluded to - our minuscule Divi, has now become somewhat laughable eh!

Ah well, guess it's still free money for any of us who remain investors through to the AGM on the 10th February.

Finally and just answering Trevlad's couple of Q's - Yes, guessing there may well be some bigger investors/institutional investors who may well bite a little in early February and through to the AGM date with a 10c 'free money' attached to shares bought, but also agree that right now, there's absolutely nothing to suggest and certainly nothing to force any of the shorters to capitulate

Best and GLA

Hi mas,

Hope you're very well - Yes, all shares to the end of our AGM date on the 10th Feb will be entitled to the 10c payment and payment itself will then be made on the 13th Feb 2026 - have included a link at the bottom and it's towards the bottom of Page 4. Finally and just to help - because ourselves and Germany have reciprocal tax agreements, I don't believe that Tui will need to withhold any German tax from our payment - but very happy if anyone else knows more information - if they could share, would be great

Hope this helps and best - GLA

https://cdn.sanity.io/files/b6xulh2p/production/da241d2ff3ac25f159aa17659b2da26ae9af6bc2.pdf

Hi all,

Hope you're all very well, although a very disappointing SP day to say the least.

I've been reading comments posted through the day and agree with many of them.

Like others, the disappointment lies with the Airline and Markets division, which was pretty useless considering how well the other divisions did and thank goodness they did.

The bit that undoubtedly also disappointed the Market was the 'conservative' revenue figure of 2-4% growth for FY26, which of course is less than the 4.4% achieved for FY25 - that said, I genuinely do believe that the Tui BOD have learned their lesson over time and whilst they start off 'conservatively', they often then exceed expectations during the year which is always a good thing and I really do believe that this will happen as FY26 progresses.

Finally and whilst 10c is a very small thank you to us investors, again like others, I do think that the Divi policy itself is somewhat 'stingy' and again, nothing that excites the market - indeed, when our CEO was asked about how the BOD and himself personally felt about our SP on this morning's call, he said it was awful - also interestingly and if you look at the FY25 annual report - the incentive programmes for both Ebel and the Executive - both short tern and long term incentives have an element tied to the SP. which is actually great to see - that said, they then need to do stuff to drive it forward of course and quickly!

The Divi should certainly be set at a low of 20% and high of 30% and who knows, it may be 'up rated' as the year progresses - finally, whilst I'm a Divi person, I'd much rather have had the 50 million spent on a buy back starting today and that would have gone down much better with the market imo.

That's it from me - many thanks for everyones commentary today and let's see where we get too going forwards - like others though, I'm starting to reign in my SP goal before cashing in and moving on, so will see where things stand at the end of 2025 and early 2026.

GLA

Hi Sanyo86,

Many thanks for sharing - you're clearly in to using AI tools - and of course, it's likely the future, so great to read!

It all makes sense - with regards Tui and the dilution/3 share offerings since 2020, my sense is that the BOD felt that they had no choice in these, as of course they were bailed out by the German government, whilst of course others weren't and if they hadn't paid off that debt, then of course it could have turned out like Nat West and had upwards of 15 years pretty much under public ownership - so guessing that they felt that the offerings were the only way back to keeping private ownership relevant within a short time frame, which of course 4 years after an event that could have busted the company, whilst undoubtedly painful for many investors, could and should provide light in that dark tunnel going forwards.

Clearly only my thinking, but again, really appreciate sharing and very best,

GLA

Hi all,

Hope you're very well.

Just sharing some thoughts ahead of next Wednesday's results..........

So I won't cover results, as I've shared my thinking previously and we know they'll be brilliant!

I'll focus on the investor return policy that they will be introducing and of course the options available as I see them:

1. So we know that they'll be releasing the new dividend policy - the last policy was due to go live in 2021, but was scuppered by Covid - have added a link below if you're interested. I guess the big Q will be whether the policy goes live for FY25, ie immediately, or whether it goes live for FY2026? As shared previously, my head is saying FY26, but my heart is for FY25 - as with other dividend policies, undoubtedly, it will be based on a % of EAT, which indeed the 2021 policy was based on, but they could also base it on EBIT, as it seems to be such a focus for the business in the last 2 years and I certainly get it, as of course operating profit, ie EBIT, is fully within the control of the business, so guess why not base it on that - it could be a combination of both?

The level set will be interesting - the CFO stated in August that the policy wouldn't be as generous as previously, which to be honest, I'd fully expect anyway, as previously it paid out up to nearly 70c at it's highest and cost the business in excess of 500m euros! My thinking is it could pay out approx 30c and if so, would cost only 150m euros which they could easily afford - what this would mean though, vs our competitors, is that it would be double what Easyjet and Jet2 pay and nearly triple IAG - indeed the only other business in our arena that would beat us would be Ryanair and look at how that SP has done in recent times! Clearly if that sort of level is set, we have to expect many big players looking to invest etc, as well as many PI's too

https://www.tuigroup.com/en/investors/financial-news/2019-12-11-tui-updates-dividend-policy-effective-for-dividend-payouts-from-2021-onwards

2. They could set the new policy to go live for FY26, but still pay out a special dividend to recognise the brilliant year that we've had ref profits and indeed monies from the JV - again, as shared previously, this could amount to monies totalling approx 900 m euros for both and if so, could well be a record for the Company

3. Finally, alongside announcing the dividend policy for FY26 if that's the route they go - they could announce a share buyback scheme - let's say for 100m euros, which they could easily afford

So that's my thinking and hope it helps - certainly not long to wait and really expecting the news on the day to fire our SP AT LEAST in to double digits, which is where it should have been all along, but for the shorters etc etc - oh, I do have one final wish for next Wednesday - that at long last the shorters, of which there's still 5.52% of ours being shorted right now, ie approx 28 m shares, are 'burned' at long last!

GLA

Hi all,

Just seen this on Reuters - need to keep close to the news

https://www.reuters.com/business/aerospace-defense/airbus-issues-major-a320-recall-after-flight-control-incident-2025-11-28/

Hi all,

Just seen this on Reuters and thought I'd share - need to keep close to the news

https://www.reuters.com/business/aerospace-defense/airbus-issues-major-a320-recall-after-flight-control-incident-2025-11-28/

Hi all,

Just seen this on Reuters and thought I'd share - need to keep close to the news

https://www.reuters.com/business/aerospace-defense/airbus-issues-major-a320-recall-after-flight-control-incident-2025-11-28/