Member Info for Stupmy

Hexam are you about this "So I wouldn't be 'missing out' by not taking up the rights ". You must have had existing shaes to qualify for the rights, the SP of your existing holding has dropped due to the dilution effect, if you don't take up your rights, then you do lose out. If you do take them up (I get the complication about having the funds to do so) then, in the absence of excessive drops due to fear/confusion etc in the market, you recapture the loss on your initial holding. Then, in a perfect world the SP stabilises at the TERP whatever that is and you can sell the excess at b/e and retain your initial holding that is now at a better entry price? Unless I've missed something. The drop beyond the TERP looks to me like a bag full of money dropped on the floor. I could be wrong about it, but I have bought shares around the 600 to 620 mark and also opened leveraged long positions. There could be further drops, but you'd imagine that if the SP is significantly below the TERP then funds, institutions and PI's will be buying and the price will quickly come back up to the TERP. Also worth consdering that the SP actually went up to 16 pounds in the days after the consolidation, suggesting some appetite from buyers. The SP may in fact climb above the TERP as TUI's financial position has been improved due to the RI. You'd imagine that buying after the consolidation will continue as the SP settels down during the RI

Indeed Golitha, it did 'shake' me to my roots, when he posted that. Very well thought out on his part.

Got it, TERP (for those who didn't know like myself) means Theoretical Ex Rights Price.

I've added on leverage on in shares. It would appear that we've seen the worst of the rout. If the TERP (what does that stand for?) is really 736 or 780 or whatever was suggested earlier, this should end well.

That's clearly not welcome, as you say that could have us off further. Bu gg er.

I entered a bit early at 38 or just over. Looking at the chart, it's actually obvious that a fall to 37.25 or lower was likely to happen. I think it'll be a good thing and that any buy signal after that will lead to a continuation in the rise in the SP. I'll add if it shows signs of turning up, but not until we've hit or exceed 37.25

Spread dropped to about 4 p. SP looks to want to hold the 595-600 area and is trying to move up. Could just be a relief rally, could be the bottom. I've added, but am cautious about hold if it drops below 590

I fed back to the board that I liked their sharebuy back and also liked the fact that the board have been buying shares in the Open market. I said I'd like to see them continue to do so to mark their confidence. RNS just now showing Nigel Rich has bought just over 31,000 more shares at 40p. Not a lot, but he's accumulating a good sized position. Probably just co-incidence, but maybe not.

That was Enismore ont he 29th, they raised by 0.29%. That will have hurt them. We'll have to wait for Monday to see if anyone reduced. If they did, that could have contributed to the SP rise on RNS release. In which case, that 'demand' will probably have dropped and the SP could very well drop back (I'm hoping for 111/112). At that point, those shorting believe they've got it wrong, they may well continue to reduce (if they have at all).

It's on this bb Jeffrey. A couple of posters calculated it at (from memory) around those levels.

Impossible to say where the bottom will be, but if the theoreticall post ri SP value should be 7.36 or 7.80 that others have calculated, then there is already considerable value to be had in buying. You'd imagine that some institutional investors / funds will be adding at some point and once the dust settles (i.e. those who've been hurt or frightened by the SP drop have finished selling). That should get the SP rising quite fast. I'll watch carefully and try to judge entries that'll catch any rise. I got blindsided by the RR fund raise a couple of years ago so I know how it hurts.

Well bit of a battle going here between buyers and sellers. I've entered a little long position. If there's more evidence that it's going to turn, I'll add into that. Spread has been changing dramatically from 5-9p in the last hour.

Forest I got stung with my entry yesterday, others were right about a bigger drop coming. I do think that there's a buying opportunity coming, but I'll hold off to see more evidence that it's settled.

If you're right Golitha, that's not a good thing for the SP. You'd imagine that would have the SP down to the rights issue price. The 13.83 figure is probably a bit low as there was some selling from 16 pounds (after the consolidation) into the RI announcement. Just trying to be optimistic that the true price should be a bit higher than 4.87 and then, as you say the company has less debt to service which should increase the value somewhat.

Simply from a TA perspective, there is a sensible chance of a bounce from here. No idea if it will prove to be the bottom, but I've entered a long position in the hope of a bounce.

It's shocking that they'd implement this tax in the first place and shocking that they're not going to moderate it. In my view it is not surprising in the least and things could get worse if labour oust the tories.

https://screenrec.com/share/bSUKDRcjHW

Shorttracker has Moon with 4.85% of it's stock shorted by 5 institutions. It will be interesting to see how that stands in 2 days time. The data on shorttracker is 48hrs out of date, so it'll take that long to see if there was a reduction. I'm wondering how much of todays move was down to short covering. If it was a significant part of it, we might see a retrace to the 111/112 area at which point I'd perhapds re-enter.

Wait for Labour to get in and it will 3dart!

Wouldn't surprise me at all PI to see the SP up at those levels. I'm still interested here, but trade based on TA. That suggests to me that we might get a pull back from todays highs. That's happening now here. A good example also would be CPI, they rose a lot on a good RNS, but have subsequently dropped back despite the company obviously improving it's outlook.