Member Info for Savage_KeyboardR

salou (not to be confused with slough) is a really cracking spot!

visited a few years back for 3 days (after 3 days in barcelona, caught the train down coast)... which leads me to a funny story! one of our crew was a tad on the skint side, and we all had grand dreams of a whole day catamaran cruise with bbq + ****tails... post sangria a grand plan was hatched... a money making scheme to raise funds for our poverty stricken friend - "beer/cerveza/agua/vino" you hear beach salespeople calling out... we hit up the local off-licence early morning next day to buy up stocks + ice, to make some sales to thirsty beachgoers... early trading was promising though what we didn't realise, until our wayward peasant friend discovered, its lucrative but illegal... spanish hot fuzz confiscated the supplies... minus stock losses total profits were a miserly 4 euros. dreams were shattered that morning and we made do with the cheapo ferry trip down coast to a pretty little town. though everyone had a proper laugh, so much so that it hurt!

have a brilliant holiday boyasaka and do check out the boat trips from salou!

Beo1... So you're saying investors should wait 6 and a half weeks, whilst terrorists are on the rampage and oil prices surge upwards, for the ~1% Divi details to be revealed? - Well just take a look at the SP today and you can see precisely what investors with big stakes in the game thought of that strategy...

Beo1... Yes I do know as I had said "only offer was a token promise of Divi restoration down the line"... problem is that's just not good enough for investors right now - they were clearly expecting immediate reward, in return for continuing to hold EZJ and the risk which comes with doing so. Why would investors continue to hold onto EZJ through yet more turbulent months ahead for absolutely Zero reward? - Very surprised EZJ board thought they would get away with that approach. Esp as investors can just take their money out and place it elsewhere for guaranteed returns e.g. bonds - also many other businesses are paying decent Divi's

Hi Stille!

Given half our workforce seem to have jetted off to the Canaries this summer (one even heading there next week) I completely agree, it'll be far more popular than Egypt. Also agree with things on the security front, in Middle East and wider region, being bound to be a challenge for next 0-18months at least. As for the EZJ/TUI rivalry... plenty of business to be shared out ;-) I don't see a situation whereby either is short of custom but hopefully TUI will offer the Divi restoration at the next results and learn from the EasyBoard error ;-)

Correction of Typo:

IMO EZJ is down by more than others in the sector due to board judgement error...

Given the current climate announcing record custom + decent profits, and then failing to reward your investors (only offer was a token promise of Divi restoration down the line) - Quite frankly investors were bound to want a piece of the pie right now, an empty future promise just wasn't going to cut it when they can earn something elsewhere over the next trading quarter. From my outside perspective (I'm not invested in EZJ but am invested in TUI) I am not one bit surprised.

IMO EZJ is down by more than others in the sector due to board judgement error...

Given the current climate announcing record custom + decent profits, and then failing to reward your investors (only offer was a token promise of Divi restoration down the line) - Quite frankly investors were bound to want a piece of the pie right now, an empty future promise just wasn't going to cut it when they can earn something elsewhere over the next trading quarter. From my outside perspective (I'm not invested in Tui) I am not one bit surprised.

Really interesting RNS this morning from Loungers PLC... as an operator of café/bar/restaurants you'd think times, from reading news headlines, the times are currently rather tough... However, evidence says otherwise: https://www.lse.co.uk/rns/LGRS/trading-update-for-the-24-weeks-ended-1-october-23-9klhsqkiknkuiyt.html

Cheers Stupmy and this morning I finally located the Ofgem RNS! An interesting read, looks as though a sort of financial mechanism will be needed to ensure those unable to pay their bills do not inflict damage to the wider electricity market suppliers... effectively a 'bailout' or 'prop' for to prevent contagion paid for by those with broader shoulders. Definitely one to watch over these crucial winter months ahead.

I also saw this morning the news on 'England + Wales insolvencies rise 17% y-o-y'... together with the comms from BoE this morning about 'future interest rates decisions will be tight'... could we be about to see an unexpected cut, to a flat 5%, at the Nov 2nd MPC?...

Could it be the commitment to restore Divi's triggered this sell off today? i.e. significant proportion of investors had expectations of Divi being restored today? Perhaps they sold up to seek out more immediate rewards?

Hi Stupmy, I understand the case for 'not being too complacent' however, couple of points if I may?:

Oil Prices - Thankfully they'd fallen, ahead of terror events in Israel, and whilst they've risen in response it's important to bear in mind world oil markets are now radically different from the makeup back in 2007/8/9. USA is now top oil producing nation:

https://en.wikipedia.org/wiki/List_of_countries_by_oil_production

https://en.wikipedia.org/wiki/List_of_countries_by_oil_production#/media/File:Top_5_oil_producing_countries.webp

With Russia being 2nd place it means 'global East and West' are sufficiently well supplied. Production cuts by OPEC and race to Net Zero arguably supports demand destruction, consumption may already be on a long gentle downward trend.

Bank Rates - Major western economies set to hold interest rates for Nov. USA could go for a small hike (economy can handle it if they do) though they'll likely wait on more data... Aggressive cutbacks over summer months by some consumers (those re-mortgaging/refinancing, or just anxious) will ease ahead of festive season. Banks may amend savings accounts, making rates a little less sweet, lenders may slightly relax lending criteria (too restrictive over summer months, perhaps?)

For TUI... Much like EasyJet, restoration of Divi's on Dec annual report day looks rather likely! Esp. as many 55yr+ customers feeling little economic pain, plus ample cash supply in wider economy (legacy of QE) will carry on flowing into coffers of TUI et al. long into 2024. Debt repayments will be made easy by these soaring revenues and while weather and global events might provide more knocks I don't think they'll derail the economy and TUI this year or next.

Cracking results for EasyJet, proving despite turbulence and gloom for some sectors (retail, commercial real estate/some construction) there are parts of the economy fairing very well indeed - travel especially so! Hays travel report their accounts to Companies House imminently and Wizz Air RNS on 9th Nov too so ahead of Tui Dec results we should see signals of how the wider sector is getting on.

Hays travel also reporting results tomorrow, check out their RNS feed...

Heathrow announces 'passenger numbers above pre-pandemic levels':

https://news.sky.com/story/heathrow-says-passenger-numbers-above-pre-pandemic-levels-for-first-time-12982165

All flights suspended at Luton Airport:

https://news.sky.com/story/luton-airport-fire-emergency-crews-respond-to-huge-blaze-at-car-park-12981928

Whole heartedly agree Stupmy and I absolutely condemn the violence by terrorists. Diplomacy always the route to resolving differences and for establishing ways forwards for peaceful co-existence.

EZJ and Hays results out on Thurs 12th Oct - That'll be very interesting and whilst events in Israel has increased market turbulence I don't see any fundamental change to the general outlook as we head towards Dec results. Yes SP impacted in the short term but all in all a great price for a business which is now back in profit.

Choose life Stupmy

Thanks for pointing that out Donalb, interesting blackrock adjusted their typr of holdings for a greater proportion of indirectly held shares (with overall number being little changed). Looking at other documentation out there I spotted this page helpfully confirming Mordashov now holds 10.87%, reduced down from 34% by the RI:

https://www.tuigroup.com/en-en/investors/share/shareholder-structure

Ah I see, so they go to another supplier, one which has also increased it's prices by similar rates too then? Presumably other suppliers also lose customers who move to BT as well...

Interested to understand where you think the 'lost customers' would go? To which other telecoms company? Or do they just ditch their phone and broadband and run off into the sunset?