Not long to wait now to see if we are going to drop 10% or gain 10%, don't usualy keep shares when a trading update is due, but down to much on this to sell.
I sold my holding last week at 710 bought the same amount back yesterday at 650 put a sell price on this morning at 680 just missed out, now down on those I bought yesterday.
Has institutions bought a billion pounds worth of shares at nearly 10 dollars when they could have bought the same at 8 and half dollars, something doesn't add up
Reading the RNS they could use the money raised to pay some 2023 debt maturities, doesn't sound good to me raising money to pay off a bit of debt, is that the interest on the debt, also they could have spent the money by 2023, didn't TUI do that a while ago and look at the share price of that now.
I am a bit like you Jtan, down nearly 50p a share now, could have sold at 225 with a small 250 profit but now down 1500, trouble is when is this going to turn, i am just glad i only bought 3000.