Member Info for TheGreyMonk

Yes - these directors who have overseen this company should never be allowed to run a company again. I had a fairly small holding in my pension fund but reading all the RNS news you would think the company has done well. An absolute shambles and a disgrace the way they've been allowed to run it by the non exec directors. One of the reasons why people dont trust the stock market

I think HICL has done all its ever been asked to do. Like Gilts and Bonds infrastructure products became overpriced as every man and his dog piled in. The natural process is then the price falls as those disappointed bail out with their losses. Still a share you could go away to a desert island for 5 years and come back and anticipate it'll still be doing ok

When Aston Martin shares were below £1 you were ultra negative - When Tui were around £5 you were ultra negative - you seem to have no balance in your views. That's what I'm saying - You are just ultra negative all the time and as such your views are toxic. Tui shares have been a disaster for most long term holders and after the rights issues many must be sick to death of the red ob their portfolio holdings, However what ever you say there is a base in place with the last rights issue and at the current price every chance the price will rise further

My views are close to toxic but you agree with them?

Darwin Award right there. -

REPLY to you C26 - I don't think anyone agrees with you - There are people who are ultra positive who will be wrong because they are dreamers - and then there are people who are so toxic and negative in their views that no one believes them. Try taking a balanced view and people may listen to your arguments. The travel market will get harder over the next year or two as higher interest and potential recession bites but the share price already reflects that. There are many who will be unaffected by higher interest rates especially the older people and higher interest rates will help them. As such I have bought a few Saga shares too

Why would it be Oh No? If its earnings enhancing then its a positive - if it isnt then its a waste - surely they wouldnt be buying back if it wasnt earnings enhancing

You put nothing but negative comment on here - I'm all for balanced views but your views are close to toxic. There's been some decent profit made from the bounce up from just over £5 and realistically Tui will show some decent figures short term. I agree its the long view that the market takes. Tui's finances are in far better shape than they were after the Rights Issue and as such I anticipate a bright future - I am a long term holder and in at around 530.

Nice AGM statement today - This is a long term hold for me

My experiences are different - yes they could do better but they are an easy place for the motorist to go to - Ive topped up at 186

Im selling a few today - bought far more than i normally would do at around 525 average - my gut tells me this will fall back a bit again but Im anticipating 600 before long

In the short term the market is always wrong and mispriced otherwise there would be no volatility. In the long term it always corrects itself

NAV per share according to HL is as follows

Wetherspoons 249p

Mitchells 358p

Marstons 98p

Fullers 737p

As the old saying goes - its not what assets you've got , its what you do with them! Marstons haven't been run particularly well over the last 10-15 years but if they can survive without a further rights issue ( last one was 11 for 10 at 59p in June 2009). Since the Rights issue of 2009 was announced dividends of 71.3p have been paid

Just looked at the prices of 4 pub companies share prices over the past year

A year ago Marstons price was 60p, Mitchells & Butlers 201, JD Wetherspoons 714 and Fullers 562 - a year later Marstons are down 44%, Mitchells up 4%, JDW up 4% and Fullers down 19%

Interestingly from their lows of mid October 2022 - Mitchells are up 99% , JDW up 73%, Fullers up 18% and Marstons down 1%.

Because we are on here we should all have a vested interest in Marston's shares - We know the economic environment may not be great for a year or so but were the recent results that bad that a mild rerating on the shares wasnt warranted . Ive topped up today at 34p, especially in view of the rises over the past 7 months from the others mentioned.

Comments?

Now you are talking nonsense Quickdrip

You never know where the bottom is - I have every confidence these will pay me well in the future - however as Warren Buffett says - In the short term the market is a voting machine and in the long term a weighing machine. Tui are a far better capitalised company than they have been since pre pandemic but if there are more sellers than buyers then the share price will fall. A lot of shares have been issued and as C correctrly says there are nervous holders out there with more shares than they really want - Those who see value often wait until those nervous sellers have gone and thats why theres likely to be a sharp upward move one day fairly soon - Just like in the Aston Martin Rights issue where the price fell below the RI of 103p but then soared to almost £3. Patience is the key

Ive an order to buy at 500 - looks like it will be filled :-)

C2645 - the company is the same company as it was before with the 300 million odd new shares sold raising nearly £5 each - so that means that much is either in the bank on top of the previous company value or the same company with less debt so overall a better capitalised company worth more overall than it was previously - its you I wonder if there's understanding

I looked at Trading 212 and on their CFD they were charging something in the region of 35-40% interest annually on equities and equity indices - anyone know if that is still the case?

I dont remember Rolls Royce hitting 32p a share - Patience has paid RR shareholders well over the last couple of years - I'm long Tui and Ive topped up this morning at 514 - They may well go to 490 or 480 or even 450 but whilst you're correct those over leveraged may receive a margin call - those who hold the physical with no debt are likely to be rewarded - Markets move very quickly and I am not waiting for someone to call the bottom

Im not sure you do !

8 for 3 RI at say £4.90 - In old shares if you had 3 shares paid out £39.20 - Now have 11 shares - if at £7 - those 11 worth £77 less £39.20 paid to company less 3% or so for costs so lets say £38 in cash now in companies coffers - so in theory £39 for the three original shares is £13 each or £1.30 pre consolidation - Market valued company way higher than that pre rights and now company in far better situation. As long as no fundamental changes in world sentiment / recession/ Ukraine etc then I see no reason why a return to £7 isn't imminent