Member Info for Stupmy

Trisor, similar thing happened to ENQ, they delisted from the Swedish exchange to keep only the UK exchange listing. It was a terrible mess that is ongoing but coming to a close. In that case, no contingency was provided for Swedish shareholders initially, but as the mess became more and more apparent, their shares were transferred (free of charge I believe) to the UK exchange where the holders wanted that. Many simply felt forced to sell, particularly early on where the process was not transparent or even thought through. My guess if it happened with TUI would be that there would be a clearly thought out contingency to transfer the UK shares to the Frankfurt exchange. But it's simply that, a guess.

I'm so excited that I'm tempted to swtich on the fairy lights around my desk (that's true), but mostly when I feel this things take a dodgy turn. I certainly don't want to jinx it. WackWack I have it as like to hit or exceed 618-620 if it closes above 517 today (I think it will do that). I didn't see anything negative or concerning to bring it back down quickly. Take a look at OTB, it rose, stuttered then rose some more. It's holding and even adding to that rise this morning.

I was going to say you can get it from google finance but that's no longer true for the moment. Price has hit 550

Well, there's my 540/542 I mentioned yesterday. If it does pull back, I may buy some on leverage in the hope this will be a sustained rise

I'm probably confusing myself as the EBIT in the 2nd part of the results is stated as almost 1bn.

I was looking at this figure.

"Q4 Group Result (EAT after minority interests) of €904m, +13% higher year-on-year, demonstrating the strong operational transition of the business post pandemic in returning to profitable growth"

If you think about the TERP and how good these results look with no talk of demand tailing off into winter, then you'd imagine that we are due a good rise. The TERP was around 8 pounds (from memory) which resulted in a big reduction in our debt thus putting us on a stronger footing going forward. We've apparently paid down a bit more debt here and are doing well. I'd have imagined (probably very naively) that we're due a sustained rise, probably after a quick step up.

I have it in my head that we're also due a recession so I'm very mixed up in the medium term.

All looks generally upbeat. Is the EBIT of just over 900 million going to disapoint? I remember some of those with knowledge in these matters here suggesting 1 billion?

I am WackWack, but timing that is difficult. As I stated I dropped about 60% of my holding. At some point I think it'll come right back off and by that time it is my hope that I'll have booked my profit and will be sitting pretty with a lovely glass of red wine someone warm (Seville perhaps; Garnacha perhaps).

Tomorrow looks to the upside and I think 540/542 is highly likely, but the higher figure also possible in the near future (620 area).

The buying is continuing and time is daylight is running out. Looks to me as if there is an expectation that the results will be consistent with previous statements and the price is about to go the right way for us.

We're rising towards lights out and OTB is holding (adding to) it's initial gains.

At a guess I see minimum of 540-542 tomorrow, if that happens and holds above 517 (which I think it will), then I think there is a very good chance we're about to see 618-620 or higher.

No-one can see into the future, but good luck all.

Short term (today!) POO likely to go up.

Not just the EPL now Sekforde, it's the expectation of a recession. It's about expected demand. So far, OPEC's cuts have not compensated for expected falls in demand. I think the market is looking into mid-next year and is telling us that it expects further drops in demand (beyond what OPEC+ can achieve on the supply side). EPL hit us at the time it was imposed. The delisting in Sweden hit us and may still contribute to our SP movements but not so much. Other companies not reliant on the NS or the Swedish exchange are in the same position. Take a look at HTG (not a producer I know), the charts are suggesting it will fall to 200ish or lower and that's on the idea that it has a very exciting future.

I guess that for well run companies they will survive through recession (if indeed we get one and I believe we will) and come out punching on the other side. Time is critical here. Just have ride time.

Look very good. Hopefully it'll be the same for us here.

Well that's that explained then. Great work erazzel.

Really? Short covering is buying not selling?

Phoenixy, looks like that might be the case, stops taken out amplifying a smaller drop. If it is, that's great for those who had limit buys in place.

I wish I'd been watching that as it dropped down to 210!! I was not expecting that. Obviously, that clears up my 'need' for 218-219. Just have to find out what caused it and hope that it isn't serious longer term.

No idea, but it trriggered all of my limit buys so I'm back in with more than I had on friday (a lot more). Whatever happened, doesn't seem to be related to POO

Mike, I think there is some doubt over whether OPEC can deliver the cuts it's suggesting. The Saudi's are already pumping at almost as low a rate as they were during COVID and other member states are thought to be paying lip-service to their promises.

In fact, it's not achieved what I hoped it would and I've closed out my 2 leveraged position for about 3 p. I still think we'll see 218-219.

GLA and have a good weekend.

You could argue that I'm now right Onedb1, but the drop actually hasn't quite achieved the level I wanted. I set 5 limit buys and two have trigger and I'm 3-4p in profit at 224.