Member Info for Savage_KeyboardR

Certainly is a steal! In my opinion it's on track for at least £2.18bn of annual revenue in the next full year 2023 results (conservatively assuming next 6 months of results draws exactly level with the latest being reported today, it should be even higher). Yes, BAKK has had incurred some costs for it's plan to deliver savings... you can read about this in the Full Yr results 2022 and in the latest update - Key detail in todays update being:

"Actions set to deliver £17m savings in FY23, ahead of initial £15m forecast, and £25m annualised". This is very good news especially given they also mention "free cash1 generation of £51.6m, up £15.0m" - Net debt down by £21.4m.

Cannot really envisage a scenario in which BAKK do not also uprate their Final Dividend too!

Keeping my eye on news feeds for anticipated announements on a plague of locusts... following off the back from a busy wildfires season and biblical flooding in Greece...

Many companies have reported soaring revenues and profits - some having taken actions on debt pay downs and dividend increases too. More report results tomorrow! I think we could be about to see a small bull run, esp if we see interest rate holds from central banks these next couple of weeks but even if we see small 0.25% rises too perhaps.

Fantastic set of half year results today! Sales up, revenue up, profits up, debts down and best of all a small rise for the interim dividend too - bargain share price for this superbly run company!

TUI has great prospects, I am not selling any of my current holdings, irrespective of recent turbulence these past few months and ahead in the next couple of months... I agree, update on 19th Sep and the December results will be very good.

Hi Stupmy, broadly agree with your comments but I'm nonetheless cautious... I think there could be some more days yet to spends down here at these £4.40-£4.75 levels. Some fundamentals, which for me, prevent me buying up some more Tui shares right this moment. These being (in priority order): oil prices now very close to $90, 0.25% Sep rate rises all round are still on the cards as inflation everywhere appears to have blipped upwards, German/China slowdown. Currently, I think it's more likely TUI SP will slip back downwards again in the next 6-8 weeks... unless there's a change (preferably to oil prices).

So in the end back to where we were in the early morning trading! Lots of company results/updates landing next week and after which will make it an interesting one. I cannot see us being at this low SP for much longer. Then again an asteroid might strike and throw the markets into chaos!

Today we see Brent Crude at almost $88 and still on a rising path and WTI nearing $85. Recent Saudi export cuts could be landing at a bad time, may exacerbate concerns about the global economy. High oil prices have in the past delivered sharp downturns, we're not there yet but certainly less than ideal to see these raised prices.

Welcome Guraq - I recommend you read the RNS dated 25th Aug 9:04 am - this contains the details of a significant sale of shares and for me explained why we witnessed such a drop in the SP. On top of that sale there has also been general global market weakness as fears about the global economy have mounted. Personally for me I invested in TUI post consolidation but prior the rights issue earlier this year as I see medium term opportunity to invest in a large, diverse quality company with a good reputation. I like TUI having been on many holidays with them over the years and I wanted to back them and hopefully make some money down the line too.

Interesting! Today should be quite significant whichever SP route plays out as I think we're both in agreement there are good times ahead for TUI SP and we just have a different opinion on how we get there.

As for the floor.... assuming today PM there's further aggressive sales (I think there will be) - Perhaps today might see us hit the floor at around £4.38-4.4? Perhaps?

Definitely rooting for plenty of snow up on them mountains (trying, albeit currently failing, to lobby my wife for a Tui ski trip haha!) - I think the reasons we won't see a full blown sharp and deep recession (though UK will definitely be the weakest performing of USA/EU/UK) is these rate rises only impact in a limited way right now... only over lots more time will they be dragging more and more people into becoming impacted. Counter balances being some having taken pre-emptive action, rate pause(s) being played/narrated to soften the blow and maybe oil might dip again soon. I.e. Probably will see the 'soft-landing' being cooked up behind closed doors. Which yep, I bet will be fantastic for us invested in TUI as timings should play out nicely for interim Sep updates and then Dec results ahead of us too.

Good point about potential for a recession to act as a drag on the POO - I agree this has been seen, in slowdown/implosion of Chinese property sector. I'm less sure a recession is immediately imminent... I agree many have read the room and took actions to reduce their debts and save into accounts, now offering them a better rate return. However, I see this as being more of a temporary pause over Jul/Aug/Sep (contributed to recent inflation dips) and I think by late Sep and into Oct many will have resumed their spending, as the recession they were warned about many times fails to materialise (supported by bank rate pauses at Sep meetings).

£4.50 ish is a fantastic price imo - However, I'm not happy about current oil prices (I've said this before). Brent today up at $87 and ideally i'd like to see that fall back again first because if it tips upwards and over $90 that'll be annoying for potential profits.

Given inflation currently well above 4% means the interest gained on that Nationwide bond will have evaporated, by the time you come to draw that back out.

With little changing the past few days what do others reckon, have we hit the floor price yet?

Mere mention the daily heil makes one vom in the mouth :-/ - Sky news coverage of the air traffic control chaos here: https://news.sky.com/story/air-traffic-control-latest-britons-stuck-on-tarmac-abroad-amid-warning-disruption-could-last-into-the-week-12949643

Looks primed for yet another turbulent (albeit shorter) week ahead.

Agree CWWX, lots more TUI advertising popping up on social media feeds, including Crystal Ski ads too. With boom in travel now widely acknowledged/known about they may be pushing on open door to persuade/shift people away from leaving holiday bookings right up to the last minute? - After all capacity is limited and load factors very high now.

Rather envious of anyone able to snaffle up more at these ridiculously low prices today! Though, not displeased at my £5.11 buy on Weds, still a decent price all things considered.

Have a good day Stupmy and I agree; opportunity rather than a trap in my opinion. Yes, I recognise WFH doesn't work for everyone but... propose to workers they must do full time at the office and the complaints will be louder than those complaints for full time WFH ;-) - Yes, haircuts on commercial property will be utterly savage, esp as many Councils and pension funds are heavily invested too, even if you think you're not invested as an individual you'll soon find realise someone made the investment on your behalf :-/

The consistent thing with all recessions/depressions: not everyone loses out. Winners in the services sector longer term will be culture/arts/music/travel in my opinion. Losers being bricks and mortar retail and commercial dinosaurs. Many I know, including my wife and me, would simply refuse to sign a contract enforcing work from the office. A brain drain effect would be the resulting impact, with agile companies permitting WFH being net beneficiaries of such a pre-covid era policy. Enforcement of draconian measures rarely works in the long term, since workers always gravitate towards the 'path of least resistance' (aka the most efficient way of working).

"new laws will force people back into office space to save the economy" - Have to be frank and disagree on this one... Mass disobedience will be the result as office working is inefficient. WFH simultaneously improves the environment and frees up more discretionary spending... For transparency I'm WFH pretty much perm nowadays. Hugely more efficient, I spend more time working now, far less commuting stress, less nasty diesel fumes inhaled, less travel expense and far less CO2 emitted. Helps free up road capacity for those who really need to be on the road for the nature of their job. Cash saved aimlessly driving around and parking means I can direct it to Tui holidays and doing up the house instead! Yes, commercial property is destined to drop like a stone, stranded assets really unless they're converted into housing to save us from sprawling housing estates decimating the countryside!