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Totally agree Roger. You took the words out of my mouth. Horrendous RNS. Makes me sick that they can take this blackmailing tone with shareholders. Won’t work and will probably make it worse. They’ve already shafted us with zero respect for what they’ve done to people’s hard-earned money; that’s already happened; if they’re not going to propose anything to actually RECOVER our losses, then the only logical thing for shareholders to do is to ensure that management go down with the ship. Must say I’ve lost an enormous amount of respect for Lord David Willetts over this. He’s totally tarnishing his name and reputation by having anything to do with this farce.
I’d advise that you all swot up on arbitrage trading.
A depository interest purchased in the UK wraps exactly the same product (a TUI share) as it does and will in Germany.
Yes, large numbers of DIs will need to be sold by institutions tracking the FTSE now that TUI is leaving. But TUI is leaving the FTSE months after it joins new groupings in Germany, which in itself will attract new tracking purchases from institutional investors. So some volatility isn’t surprising as it chops and changes, but it’s wholly unpredictable and will not lead to a significant divergence in UK vs Germany; not significantly more than currency exchange.
Reason? If it DID diverge substantially, arbitrage trading would ensue, thereby closing the divergence.
Remember that the vote to delist was 98%. Do we really think that a few retail investors who can’t be bothered to find a way (or wait to be presented with a way) of moving their holding to Germany or to a custodian account will bring the share price way down? Those with stakes large enough to affect the share price will have no problem in navigating the listing change, hence their vote for it.
I’d really encourage comparing the share price here with, say, IAG’s current travails; IAG, who are having no change to its listing. And especially to the FTSE250, which is still just about within its 2-year downward trend, but which is within a gnat’s crotchet of breaking free to the upside. Doing so would likely coincide in my view with TUI finally jumping into the high 600s and upwards.
Forgive me… I’ve been mentioning on and off the value in looking at the wider FTSE250, not just TUI, as a hint of whether TUI is really so different, but I really do believe it’s worth considering to inspire patience. Make or break time now — if FTSE250 breaks upwards now we’re in luck. If it sinks back down we require more patience — but that’s all it is, patience, not a crisis. TUI’s results are only going in one direction, which is up. So is the FTSE250 by the way, unless you wish to ignore history.
Roger, I’ve just checked the shareholder meetings section on HL again and they’ve now finally put the vote up there. Haven’t got a circular. But I’ve preemptively voted against all proposals until they give me an absurdly strong reason to change my mind. They’ve treated us like we’re scum. Bet you’re voting the same so let yourself loose on that now. I feel your pain — I lost a ton on cineworld last year and I know it’s wretched. Keep soldiering on and staying positive. All best
Lots of fun happening today over at TUI for those of you feeling travel sick from the IAG falls. That includes me. I thought IAG was a safe bet for a slow rise about now, but we’re really getting suppressed alas. TUI on the other hand has delivered some stellar results and promises big growth. Making me feel more positive about IAG’s results at end of month.
Excellent results as expected. Deserves a significant correction. But what’s better is expectations of powerful growth going forwards.
A reminder, Deutsche Bank price target reiterates a BUY at target 10.50EURO. Alster Research is a BUY at 16EURO.
Ha! Squashers out ahead of schedule. Put your spliff away.
I counterclaim that debt has been brought fully under control, hence the Deutsche reiteration with a 10ish euros price target, and feel free to read a full debt analysis from Alster Research here: https://bitly.ws/3d3Fi
7th Feb, Alter Research, Price target: 16 Euros. Yes, 16 Euros.
Have fun tomorrow everybody.
#dividend
From S&P:
QUOTE The positive outlook reflects our forecast for significantly improved credit metrics in 2024 and 2025, due to a margin improvements in the group's markets and airlines segments, and a solid recovery in TUI's cruise JV, which makes us think that dividend payments could support the group's profitability and cash flow from fiscal 2025 onwards. UNQUOTE
Dividend encouraged by S&P for fiscal 2025. If I’m not mistaken for TUI that’d be paid in Feb 2025.
Folks, this appears to drifting into retiree political pub chat, rather than TUI-related. In any case, if nukes start getting loaded I think that’s when I’d book my first mid-ocean cruise, so bully for TUI.
Charts still looking v promising. We’ve essentially had a solid bed laid around 400, then 450, then 500, then a results uplift to 600 but now developed 550. If I had to guess I’d say next rises will take it above 650. Then bob’s your uncle. Or perhaps gender-neutral parental sibling.
24.5k eh
Fair enough there's no capital injection from this Innovate UK Scaleup announcement, but I think it's exactly what Haydale needs right now. The support network and planning comes at no cost. Total focus on commercialisation and scaling up as fast and effectively as possible. Loads of help in doing that from the right people with the right connections. Government support. Track record of Innovate UK Scaleup looks great.
Good line from Innovate UK: We are looking forward to working with the Haydale team and are confident we can show just how much value this programme can add.
Just how much added value sounds nice. Huge potential here in the Haydale product, but only in the right hands. Haven't had great hope til now but....
Surely now, with the full support of both the UK government and Petronas the big rise to biggytime can begin? Surely?
What on earth is all this nonsense? So many closed-view messages coming in, as if the drop of recent days is due to talk of listing alteration. For real??
As a single example of the nonsense, IAG has similarly lost ground in recent days. These are wider issues at play. So how is TUI faring its fellow travel stock in IAG? You’d think from all this chat that TUI had tanked. Yet IAG has dropped back near its 3-month low, while TUI is still more than 35 percent above its 3-month low. The truth is the TUI is holding rather well given the wider global picture of last week and still primed to continue its rise. Calm down dears. And good luck to you on your short Stupmy. Bigger spheres than mine.